Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.001%
Price spread now: Backpack against BingX+0.194%7-day average +0.056% · you sell dearer than you buy
Net, funding: paid 7d − costs−$39as in the Funding arb table
Net, price: spread back to 7d avg − costs−$35as in the Price arb table
costs, in and out, $10k−$480.484% of the position
Funding, last 7 days+0.091%+$9 on $10k
+Price spread, last 4 days (all we have)−0.121%−$12 · spread now +0.194%, 7d avg +0.056%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Backpack is 0.139% dearer against BingX than usual: you sell high and buy low, +$14 on $10k if it goes back to its 7-day average of +0.056%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX APT-USDC | 0.7713 | 0.0100 | pay 0.0100% / 8h | 5h 41m | — | $6.5M | — |
| Short | Backpack APT_USDC_PERP | 0.7728 | 0.0100 | get 0.0013% / 1h | 41m 34s | $194K | $373K | 20x |
BingX APT-USDC
Backpack APT_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against BingX. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $0
- Price spread: +0.194% → +0.056%
- $13.89
- Slippage, 4 orders
- −$28.4
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$34.51
- Costs to cover
- 0.484%
- Break-even
- never at this rate
Slippage from BingX: live order book, 8 min ago; Backpack: live order book, 22 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 BingX live order book, 8 min ago | 1.30 bp | 15.4 bp −$15 | 34.9 bp −$349 | 239.1 bp −$23.9K | 639.9 bp −$319.9K |
| Sell Backpack live order book, 22 min ago | 0.65 bp | 7.6 bp −$8 | 29.1 bp −$291 | 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 | |
|---|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) APT/USD | L −0.0004% / S +0.0005% | 1h | 0.7722 | +0.117% | $21K | — | 150x | as long as short |
| Deribit APT_USDC-PERPETUAL | 0.0000% | 1h | 0.7726 | +0.169% | $17K | $428K | 50x | as long as short |
| Orderly PERP_APT_USDC | +0.0006% | 8h | 0.7727 | +0.182% | $10K | $7K | 10x | as long as short |
| Variational Omni APT | +0.0015% | 8h | 0.7700 | −0.167% | $498K | $310K | — | as long as short |
| Injective APT/USDC PERP | +0.0033% | 1h | 0.7780 | +0.869% | $2K | $240K | 12x | as long as short |
| Lighter APT | +0.0096% | 1h | 0.7706 | −0.091% | $414K | $413K | 10x | as long as short |
| Hyperliquid APT | +0.0100% | 1h | 0.7711 | −0.026% | $5.4M | $6.1M | 10x | as long as short |
| Aster APTUSDT | +0.0100% | 8h | 0.7713 | −0.002% | $100K | $940K | 20x | as long as short |
| Binance APTUSDT | +0.0100% | 8h | 0.7715 | +0.021% | $28.4M | $104.9M | 75x | as long as short |
| Bybit APTUSDT | +0.0100% | 8h | 0.7716 | +0.039% | $27.9M | $37.7M | 50x | as long as short |
gTrade (Gains Network) APT/USD
Deribit APT_USDC-PERPETUAL
Orderly PERP_APT_USDC
Variational Omni APT
Injective APT/USDC PERP
Lighter APT
Hyperliquid APT
Aster APTUSDT
Binance APTUSDT
Bybit APTUSDTShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX APT-USDT-SWAP | +0.0100% | 8h | 0.7717 | +0.052% | $5.8M | $24.5M | 50x | as long as short |
| Gate APT_USDT | +0.0100% | 8h | 0.7717 | +0.052% | $2.6M | $4.8M | 75x | as long as short |
| MEXC APT_USDT | +0.0100% | 8h | 0.7710 | −0.039% | $29.2M | $15.3M | 200x | as long as short |
| KuCoin APTUSDTM | +0.0100% | 8h | 0.7712 | −0.013% | $5.2M | $12.2M | 50x | as long as short |
| Bitget APTUSDT | +0.0100% | 8h | 0.7707 | −0.078% | $8.5M | $12.5M | 75x | as long as short |
| BingX APT-USDClong | +0.0100% | 8h | 0.7713 | long leg | — | $6.5M | — | |
| Backpack APT_USDC_PERPshort | +0.0100% | 1h | 0.7728 | +0.194% | $194K | $373K | 20x | |
| ApeX Omni APTUSDT | +0.0100% | 1h | 0.7720 | +0.091% | $63K | $577K | 50x | as long as short |
| SunX APT-USDT | +0.0100% | 8h | 0.7715 | +0.026% | $6K | $1.5M | 20x | as long as short |
| SoDEX APT-USD | +0.0100% | 1h | 0.7725 | +0.156% | $54 | $6K | 5x | as long as short |
| HTX APT-USDT | +0.0100% | 8h | 0.7692 | −0.272% | $260K | $117K | 50x | as long as short |
| Extended APT-USD | +0.0104% | 1h | 0.7710 | −0.036% | $79K | $487K | 25x | as long as short |
| Aevo APT-PERP | +0.0104% | 1h | 0.7725 | +0.156% | $28K | $5K | 3x | as long as short |
| GMX APT/USD [ETH-USDC] | L +0.0189% / S −0.0143% | 1h | 0.7723 | +0.131% | $17K | — | 100x | as long as short |
| BloFin APT-USDT | +0.0220% | 8h | 0.7728 | +0.194% | $1.4M | $952K | 75x | as long as short |
| Kraken Futures PF_APTUSD | +0.0257% | 1h | 0.7724 | +0.137% | $529K | $626K | 50x | as long as short |
| Coinbase International APT-PERP-INTX | +0.0320% | 1h | 0.7739 | +0.337% | $203K | $531K | 50x | as long as short |
| Reya APTRUSDPERP | +0.0481% | 1h | 0.7721 | +0.101% | $3K | — | 20x | as long as short |
| dYdX APT-USD | +0.1015% | 1h | 0.7713 | −0.006% | $54K | $6K | 10x | as long as short |
| 01 Exchange APTUSD | +0.4312% | 1h | 0.7805 | +1.193% | $2K | — | 5x | as long as short |
OKX APT-USDT-SWAP
Gate APT_USDT
MEXC APT_USDT
KuCoin APTUSDTM
Bitget APTUSDT
ApeX Omni APTUSDT
SunX APT-USDT
SoDEX APT-USD
HTX APT-USDT
Extended APT-USD
Aevo APT-PERP
GMX APT/USD [ETH-USDC]
BloFin APT-USDT
Kraken Futures PF_APTUSD
Coinbase International APT-PERP-INTX
Reya APTRUSDPERP
dYdX APT-USD
01 Exchange APTUSD