Settings8H · net · $10k
Funding arb · Price arb /

APT

all APT markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Backpack against SunX+0.102%7-day average +0.157% · you sell dearer than you buy
Net, funding: paid 7d − costs−$227as in the Funding arb table
Net, price: spread back to 7d avg − costs−$236as in the Price arb table
costs, in and out, $10k−$2302.304% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.039%+$4 on $10k
Price spread, last 3 days (all we have)−1.635%−$164 · spread now +0.102%, 7d avg +0.157%
Together, before fees−1.596%−$160 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Backpack is 0.055% cheaper against SunX than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of +0.157%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX APT-USDT0.78240.0100pay 0.0100% / 8h2h 19m$6K$1.4M20x
ShortBackpack APT_USDC_PERP0.78320.0100get 0.0013% / 1h19m 03s$199K$362K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Backpack against SunX. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$0
Price spread: +0.102% → +0.157%
−$5.47
Slippage, 4 orders
−$212.43
Fee SunX: 4 bp × 2 orders
−$8
Fee Backpack: 5 bp × 2 orders
−$10
Net
−$235.9
Costs to cover
2.304%
Break-even
never at this rate
Slippage from SunX: live order book, 5 min ago; Backpack: live order book, 4 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy SunX live order book, 5 min ago30.06 bp100.7 bp −$101doesn't fitdoesn't fitdoesn't fit
Sell Backpack live order book, 4 min ago0.64 bp9.0 bp −$932.0 bp −$320doesn't fitdoesn't fit

APT on 30 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
01 Exchange APTUSD−0.0536%1h0.7828+0.051%$2K5xas long as short
Kraken Futures PF_APTUSD−0.0361%1h0.7835+0.145%$537K$617K50xas long as short
Deribit APT_USDC-PERPETUAL−0.0133%1h0.7839+0.192%$7K$382K50xas long as short
Variational Omni APT−0.0093%8h0.7840+0.199%$616K$224Kas long as short
Orderly PERP_APT_USDC−0.0016%8h0.7842+0.230%$10K$7K10xas long as short
Injective APT/USDC PERP−0.0016%1h0.7780−0.562%$2K$200K12xas long as short
gTrade (Gains Network) APT/USDL −0.0004% / S +0.0005%1h0.7839+0.193%$22K150xas long as short
Lighter APT+0.0096%1h0.7835+0.141%$429K$350K10xas long as short
Hyperliquid APT+0.0100%1h0.7828+0.051%$5.9M$5.1M10xas long as short
Aster APTUSDT+0.0100%8h0.7846+0.277%$306K$454K20xas long as short
Show all 30 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance APTUSDT+0.0100%8h0.7819−0.066%$28.8M$96.3M75xas long as short
Bybit APTUSDT+0.0100%8h0.7816−0.102%$29.0M$35.4M50xas long as short
OKX APT-USDT-SWAP+0.0100%8h0.7815−0.115%$6.2M$23.2M50xas long as short
Gate APT_USDT+0.0100%8h0.7832+0.102%$2.7M$4.6M75xas long as short
MEXC APT_USDT+0.0100%8h0.7836+0.153%$27.9M$14.5M200xas long as short
KuCoin APTUSDTM+0.0100%8h0.7839+0.192%$5.5M$12.1M50xas long as short
Bitget APTUSDT+0.0100%8h0.7816−0.102%$9.0M$12.2M75xas long as short
BingX APT-USDC+0.0100%8h0.7833+0.115%$6.5Mas long as short
Backpack APT_USDC_PERPshort+0.0100%1h0.7832+0.102%$199K$362K20x
ApeX Omni APTUSDT+0.0100%1h0.7840+0.204%$65K$571K50xas long as short
SunX APT-USDTlong+0.0100%8h0.7824long leg$6K$1.4M20x
SoDEX APT-USD+0.0100%1h0.7834+0.128%$56$6K5xas long as short
HTX APT-USDT+0.0100%8h0.7843+0.243%$264K$137K50xas long as short
Extended APT-USD+0.0104%1h0.7832+0.099%$84K$479K25xas long as short
Aevo APT-PERP+0.0104%1h0.7835+0.141%$24K3xas long as short
GMX APT/USD [ETH-USDC]L +0.0190% / S −0.0143%1h0.7840+0.201%$17K100xas long as short
BloFin APT-USDT+0.0220%8h0.7838+0.179%$1.5M$777K75xas long as short
Coinbase International APT-PERP-INTX+0.0280%1h0.7850+0.332%$211K$547K50xas long as short
Reya APTRUSDPERP+0.0464%1h0.7838+0.174%$3K20xas long as short
dYdX APT-USD+0.0749%1h0.7844+0.250%$55K$5K10xas long as short