APT

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	PopdexAPTUSDT	0.8147	+0.0096	pay 0.0012% / 1h	29m 56s	$66K	$198K	20x	Long Popdex
SHORT	Coinbase InternationalAPT-PERP-INTX	0.8634	+0.2280	get 0.0285% / 1h	29m 56s	$224K	$54K	50x	Short Coinbase International

Price gap+5.978%

Funding gap+0.2184% /8h

Both sides work: funding pays +$66 a day on $10k, and the gap is 5.671% above its 7d average: +$567 more if it goes back.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast

Funding+$42+0.2184% /8h now · paid +0.417% over the last 5 days (all we have)

Price+$567spread +5.978% now, avg +0.307% → +5.671% if it goes back

Costs−$3943.942% of $10k · taker + slippage, in and out

Result+$215+2.15%no pointsWhat the last 7D really paid, hour by hour → backtest

The current funding rate is far above what this pair has been paying: over the last 5 days it paid +0.417% in total, about +0.0261%/8h on average.

Funding history

you earnyou payavg

RANGE STATS · 7D

Average /8h—

Highest—

Lowest—

Paid you—

Short leg rate minus long leg rate, per 8h. Above zero: the pair pays you.

Price spread between the two exchanges

Coinbase International price against Popdexnow

RANGE STATS · 7D

Now+5.978%

Average—

Range—

Wider than now—

Where the spread has been, last 7D

share of time at each level

Funding on every exchange

/8h

APT on 30 exchanges

lowest funding first

Before you open

2 ok · 3 to watch

Watch: Thin at this size29.7 / 145.5 bp
At $10k entering Coinbase International costs 145.5 bp, fee and slippage, 4.9× Popdex’s.
Note: Margin at max leverage$500 + $200
Popdex 20x, Coinbase International 50x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
OK: Same payment interval1h / 1h
Both legs pay at the same time.
Next 24h at the current rates, on $10k a leg: +$65.52Long Popdex: 24 payments, −$2.88; short Coinbase International: 24 payments, +$68.40.
OK: Entry gap works for you+5.978% vs +0.307%
You short the dearer leg. If the gap goes back to average, the short gains.
Watch: Long leg is thinner$66K vs $224K OI
Popdex sets your exit cost. Check its book before closing.
Note: No points program—
Neither exchange runs points right now.
Watch: KYCPopdex No · Coinbase International Yes
ID and a suitability check; perps are for eligible non-US countries, not for US or UK retail.

Profit calculator

both legs, in and out

Position, each leg

Hold for

Orders

Price spread

Funding rate

Funding earned+0.0261%/8h × 21 periods+$54.90

Price spread+5.978% → +0.307% (7d avg)+$567.11

Slippage, 4 orderslive order books−$377.81

Fee Popdex bp × 2 orders−$6.40

Fee Coinbase International bp × 2 orders−$10.00

Net · 7 days · $10k+$227.79

Costs to cover3.942%Break-evenfrom the start

Slippage: Popdex: live order book, 57 min ago; Coinbase International: live order book, 58 min ago

Cost to enter

taker + slippage from mid, one side

BUY · LONGPopdex3.0629.7 bp−$30257.5 bp−$2,575doesn’t fitdoesn’t fit

SELL · SHORTCoinbase International34.83145.5 bp−$146doesn’t fitdoesn’t fitdoesn’t fit

Closing costs about the same again.

APT