Funding arb · Price arb /

APT

all APT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0181%/8h= +19.8% APRpaid last 24h +0.092%

Price spread now: GMX against Variational Omni−0.260%7-day average — · you buy dearer than you sell

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

Long on Variational Omni Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

Funding pays, the price is against you. GMX is 0.260% cheaper against Variational Omni than usual: you would sell low and buy high (spread −0.260% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$26 on $10k: about 4.8 days of funding at the current rate (+$5 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni APT	0.7993	−0.0038	get 0.0038% / 8h	11m 40s	$523K	$322K	—
Short	GMX APT/USD [ETH-USDC]	0.7973	L +0.0191% / S −0.0143%	get 0.0018% / 1h	11m 40s	$17K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Variational Omni. 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 Variational OmnibpFee GMXbpOrdersPrice spread, now −0.260%Rate

Funding earned: $37.92
Price spread: −0.260% → 0.000%: −$26.01
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee GMX: 6 bp × 2 orders: −$12
Net: −$0.09
Costs to cover: 0.120%
Break-even: 7.0 days

Slippage unknown: Variational Omni: RFQ quote, 2 min ago; GMX: no order-book sample. 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, 2 min ago	4.37 bp	doesn't fit	33.1 bp −$331	doesn't fit	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

GMX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0399%	1h	0.7979	−0.174%	$552K	$642K	50x	as long as short
Variational Omni APTlong	−0.0038%	8h	0.7993	long leg	$523K	$322K	—
Orderly PERP_APT_USDC	−0.0011%	8h	0.7968	−0.317%	$10K	$7K	10x	as long as short
gTrade (Gains Network) APT/USD	L −0.0004% / S +0.0005%	1h	0.7975	−0.235%	$21K	—	150x	as long as short
Deribit APT_USDC-PERPETUAL	−0.0001%	1h	0.7970	−0.292%	$14K	$415K	50x	as long as short
Injective APT/USDC PERP	+0.0033%	1h	0.7780	−2.669%	$2K	$241K	12x	as long as short
Lighter APT	+0.0096%	1h	0.7997	+0.046%	$430K	$394K	10x	as long as short
Aster APTUSDT	+0.0100%	8h	0.7993	−0.003%	$309K	$489K	20x	as long as short
Binance APTUSDT	+0.0100%	8h	0.7996	+0.033%	$30.3M	$101.9M	75x	as long as short
Bybit APTUSDT	+0.0100%	8h	0.7993	−0.004%	$29.6M	$37.1M	50x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX APT-USDT-SWAP	+0.0100%	8h	0.7996	+0.033%	$6.4M	$24.9M	50x	as long as short
Gate APT_USDT	+0.0100%	8h	0.7989	−0.054%	$2.8M	$4.8M	75x	as long as short
MEXC APT_USDT	+0.0100%	8h	0.7998	+0.058%	$29.2M	$15.0M	200x	as long as short
KuCoin APTUSDTM	+0.0100%	8h	0.7992	−0.017%	$5.6M	$12.3M	50x	as long as short
Bitget APTUSDT	+0.0100%	8h	0.7997	+0.046%	$9.0M	$12.6M	75x	as long as short
BingX APT-USDT	+0.0100%	8h	0.7993	−0.004%	—	$25.9M	—	as long as short
ApeX Omni APTUSDT	+0.0100%	1h	0.7990	−0.042%	$65K	$571K	50x	as long as short
SunX APT-USDT	+0.0100%	8h	0.7956	−0.467%	$6K	$1.5M	20x	as long as short
SoDEX APT-USD	+0.0100%	1h	0.7968	−0.317%	$56	$6K	5x	as long as short
HTX APT-USDT	+0.0100%	8h	0.7985	−0.104%	$269K	$140K	50x	as long as short
Extended APT-USD	+0.0104%	1h	0.7992	−0.011%	$85K	$464K	25x	as long as short
Aevo APT-PERP	+0.0104%	1h	0.7970	−0.292%	$25K	—	3x	as long as short
Backpack APT_USDC_PERP	+0.0117%	1h	0.7984	−0.117%	$203K	$370K	20x	as long as short
Hyperliquid APT	+0.0134%	1h	0.8009	+0.196%	$6.3M	$5.7M	10x	as long as short
GMX APT/USD [ETH-USDC]short	L +0.0191% / S −0.0143%	1h	0.7973	−0.260%	$17K	—	100x
BloFin APT-USDT	+0.0220%	8h	0.7995	+0.021%	$1.5M	$831K	75x	as long as short
Coinbase International APT-PERP-INTX	+0.0240%	1h	0.8012	+0.233%	$212K	$581K	50x	as long as short
Reya APTRUSDPERP	+0.0472%	1h	0.7969	−0.301%	$3K	—	20x	as long as short
dYdX APT-USD	+0.0716%	1h	0.8000	+0.083%	$56K	$6K	10x	as long as short
01 Exchange APTUSD	+0.1768%	1h	0.8037	+0.546%	$2K	—	5x	as long as short