Funding arb · Price arb /

APT

all APT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0123%/8h= +13.5% APRpaid last 24h +0.070%

Price spread now: Extended against Variational Omni−0.160%7-day average −0.017% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Variational Omni Short on Extended

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.144%+$14 on $10k

Price spread, last 4 days (all we have)+0.093%+$9 · spread now −0.160%, 7d avg −0.017%

Together, before fees+0.237%+ Points / potential airdropVariational Omni: Active · Extended: Active · farm board+$24 on $10k · with fees, hour by hour

Funding pays, the price is against you. Extended is 0.143% cheaper against Variational Omni than usual: you would sell low and buy high (spread −0.160% now, against its 7-day average of −0.017%). If the spread goes back, that is −$14 on $10k: about 3.9 days of funding at the current rate (+$4 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni APT	0.7677	−0.0019	get 0.0019% / 8h	1h 08m	$491K	$422K	—
Short	Extended APT-USD	0.7665	0.0104	get 0.0013% / 1h	8m 59s	$80K	$556K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against Variational Omni. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Variational OmnibpFee ExtendedbpOrdersPrice spread, now −0.160%Rate

Funding earned: $25.82
Price spread: −0.160% → −0.017%: −$14.32
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Extended: 2.5 bp × 2 orders: −$5
Net: $6.51
Costs to cover: 0.050%
Break-even: 5.2 days

Slippage unknown: Variational Omni: RFQ quote, 35 min ago; Extended: live order book, 34 min ago. Net counts fees only.

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 Variational Omni RFQ quote, 35 min ago	3.92 bp	doesn't fit	22.2 bp −$222	doesn't fit	doesn't fit
Sell Extended live order book, 34 min ago	2.62 bp	12.2 bp −$12	119.0 bp −$1,190	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
Kraken Futures PF_APTUSD	−0.0227%	1h	0.7673	−0.053%	$525K	$609K	50x	as long as short
Variational Omni APTlong	−0.0019%	8h	0.7677	long leg	$491K	$422K	—
gTrade (Gains Network) APT/USD	L −0.0004% / S +0.0005%	1h	0.7675	−0.030%	$21K	—	150x	as long as short
Deribit APT_USDC-PERPETUAL	0.0000%	1h	0.7670	−0.092%	$19K	$598K	50x	as long as short
Orderly PERP_APT_USDC	+0.0021%	8h	0.7669	−0.105%	$10K	$7K	10x	as long as short
Injective APT/USDC PERP	+0.0033%	1h	0.7780	+1.341%	$2K	$240K	12x	as long as short
Lighter APT	+0.0096%	1h	0.7665	−0.157%	$411K	$426K	10x	as long as short
Hyperliquid APT	+0.0100%	1h	0.7669	−0.105%	$4.8M	$6.0M	10x	as long as short
Aster APTUSDT	+0.0100%	8h	0.7665	−0.154%	$89K	$916K	20x	as long as short
Binance APTUSDT	+0.0100%	8h	0.7664	−0.170%	$27.8M	$101.4M	75x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit APTUSDT	+0.0100%	8h	0.7659	−0.236%	$27.4M	$39.2M	50x	as long as short
OKX APT-USDT-SWAP	+0.0100%	8h	0.7656	−0.275%	$5.7M	$24.3M	50x	as long as short
Gate APT_USDT	+0.0100%	8h	0.7669	−0.105%	$2.6M	$4.8M	75x	as long as short
MEXC APT_USDT	+0.0100%	8h	0.7669	−0.105%	$30.6M	$15.4M	200x	as long as short
KuCoin APTUSDTM	+0.0100%	8h	0.7665	−0.157%	$4.9M	$11.8M	50x	as long as short
Bitget APTUSDT	+0.0100%	8h	0.7669	−0.105%	$8.6M	$12.5M	75x	as long as short
BingX APT-USDC	+0.0100%	8h	0.7667	−0.131%	—	$6.5M	—	as long as short
Backpack APT_USDC_PERP	+0.0100%	1h	0.7671	−0.079%	$173K	$313K	20x	as long as short
ApeX Omni APTUSDT	+0.0100%	1h	0.7680	+0.038%	$62K	$581K	50x	as long as short
SunX APT-USDT	+0.0100%	8h	0.7652	−0.327%	$6K	$1.4M	20x	as long as short
SoDEX APT-USD	+0.0100%	1h	0.7669	−0.105%	$88	$6K	5x	as long as short
HTX APT-USDT	+0.0100%	8h	0.7674	−0.040%	$252K	$182K	50x	as long as short
Extended APT-USDshort	+0.0104%	1h	0.7665	−0.160%	$80K	$556K	25x
Aevo APT-PERP	+0.0104%	1h	0.7666	−0.149%	$28K	$5K	3x	as long as short
GMX APT/USD [ETH-USDC]	L +0.0136% / S −0.0090%	1h	0.7673	−0.058%	$16K	—	100x	as long as short
BloFin APT-USDT	+0.0220%	8h	0.7674	−0.040%	$1.4M	$802K	75x	as long as short
Coinbase International APT-PERP-INTX	+0.0360%	1h	0.7697	+0.259%	$223K	$314K	50x	as long as short
Reya APTRUSDPERP	+0.0497%	1h	0.7666	−0.144%	$3K	—	20x	as long as short
dYdX APT-USD	+0.0915%	1h	0.7675	−0.033%	$54K	$6K	10x	as long as short
01 Exchange APTUSD	+0.5056%	1h	0.7791	+1.484%	$2K	—	5x	as long as short