Funding arb · Price arb /

APT

all APT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0466%/8h= −51.1% APRpaid last 24h −0.099%

Price spread now: Kraken Futures against SunX+0.203%7-day average +0.162% · you sell dearer than you buy

Net, funding: paid 7d − costs−$268as in the Funding arb table

Net, price: spread back to 7d avg − costs−$255as in the Price arb table

costs, in and out, $10k−$2602.595% of the position

Long on SunX Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days−0.084%−$8 on $10k

Price spread, last 3 days (all we have)−0.232%−$23 · spread now +0.203%, 7d avg +0.162%

Together, before fees−0.316%−$32 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Kraken Futures is 0.041% dearer against SunX than usual: you sell high and buy low (spread +0.203% now, against its 7-day average of +0.162%): +$4 on $10k if it goes back. Holding the pair costs −$14 a day in funding at the current rate, which eats that in about 7 hours. At the pace of the last 7 days (−0.084% in total) that is about 3.4 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.084% in total (about -4.4% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX APT-USDT	0.7702	0.0100	pay 0.0100% / 8h	2h 43m	$6K	$1.4M	20x
Short	Kraken Futures PF_APTUSD	0.7718	−0.0366	pay 0.0046% / 1h	43m 44s	$532K	$608K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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

Position, each leg$Hold fordaysFee SunXbpFee Kraken FuturesbpOrdersPrice spread, now +0.203%Rate

Funding earned: −$97.95
Price spread: +0.203% → +0.162%: $4.14
Slippage, 4 orders: −$241.51
Fee SunX: 4 bp × 2 orders: −$8
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$353.32
Costs to cover: 2.595%
Break-even: never at this rate

Slippage from SunX: live order book, 11 min ago; Kraken Futures: live order book, 44 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy SunX live order book, 11 min ago	30.56 bp	101.7 bp −$102	doesn't fit	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 44 min ago	10.31 bp	21.7 bp −$22	92.0 bp −$920	doesn't fit	doesn't fit

APT on 30 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
01 Exchange APTUSD	−0.0568%	1h	0.7700	−0.026%	$2K	—	5x	as long as short
Kraken Futures PF_APTUSDshort	−0.0366%	1h	0.7718	+0.203%	$532K	$608K	50x
Variational Omni APT	−0.0116%	8h	0.7706	+0.046%	$605K	$222K	—	as long as short
Orderly PERP_APT_USDC	−0.0019%	8h	0.7718	+0.208%	$10K	$7K	10x	as long as short
Injective APT/USDC PERP	−0.0016%	1h	0.7650	−0.675%	$2K	$169K	12x	as long as short
Deribit APT_USDC-PERPETUAL	−0.0009%	1h	0.7719	+0.221%	$16K	$327K	50x	as long as short
gTrade (Gains Network) APT/USD	L −0.0004% / S +0.0005%	1h	0.7720	+0.229%	$21K	—	150x	as long as short
Bybit APTUSDT	+0.0062%	8h	0.7732	+0.390%	$28.7M	$35.3M	50x	as long as short
Backpack APT_USDC_PERP	+0.0067%	1h	0.7727	+0.325%	$196K	$365K	20x	as long as short
Lighter APT	+0.0096%	1h	0.7730	+0.364%	$424K	$343K	10x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid APT	+0.0100%	1h	0.7739	+0.480%	$5.8M	$5.1M	10x	as long as short
Aster APTUSDT	+0.0100%	8h	0.7725	+0.304%	$301K	$451K	20x	as long as short
Binance APTUSDT	+0.0100%	8h	0.7731	+0.378%	$28.5M	$95.7M	75x	as long as short
OKX APT-USDT-SWAP	+0.0100%	8h	0.7735	+0.428%	$6.1M	$22.8M	50x	as long as short
Gate APT_USDT	+0.0100%	8h	0.7724	+0.286%	$2.7M	$4.6M	75x	as long as short
MEXC APT_USDT	+0.0100%	8h	0.7730	+0.364%	$27.7M	$14.4M	200x	as long as short
KuCoin APTUSDTM	+0.0100%	8h	0.7729	+0.351%	$5.5M	$12.0M	50x	as long as short
Bitget APTUSDT	+0.0100%	8h	0.7739	+0.480%	$9.0M	$12.1M	75x	as long as short
BingX APT-USDT	+0.0100%	8h	0.7724	+0.286%	—	$27.4M	—	as long as short
ApeX Omni APTUSDT	+0.0100%	1h	0.7720	+0.234%	$64K	$574K	50x	as long as short
SunX APT-USDTlong	+0.0100%	8h	0.7702	long leg	$6K	$1.4M	20x
SoDEX APT-USD	+0.0100%	1h	0.7718	+0.208%	$55	$6K	5x	as long as short
HTX APT-USDT	+0.0100%	8h	0.7712	+0.130%	$261K	$138K	50x	as long as short
Extended APT-USD	+0.0104%	1h	0.7730	+0.361%	$82K	$479K	25x	as long as short
Aevo APT-PERP	+0.0104%	1h	0.7720	+0.234%	$24K	—	3x	as long as short
GMX APT/USD [ETH-USDC]	L +0.0189% / S −0.0143%	1h	0.7722	+0.263%	$17K	—	100x	as long as short
BloFin APT-USDT	+0.0220%	8h	0.7712	+0.130%	$1.5M	$762K	75x	as long as short
Coinbase International APT-PERP-INTX	+0.0280%	1h	0.7726	+0.312%	$208K	$534K	50x	as long as short
Reya APTRUSDPERP	+0.0462%	1h	0.7720	+0.231%	$3K	—	20x	as long as short
dYdX APT-USD	+0.0519%	1h	0.7730	+0.361%	$54K	$5K	10x	as long as short