Funding you earn now, next payment 23:00 UTC−0.0133%/8h= −14.5% APRpaid last 24h −0.302%
Price spread now: Injective against Bybit−0.803%98s7-day average −0.178% · you buy dearer than you sell
Net, funding: paid 7d − costs−$149as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$1221.221% of the position
Funding, last 7 days−0.271%−$27 on $10k
+Price spread, last 3 days (all we have)+1.532%+$153 · spread now −0.803%, 7d avg −0.178%
=Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Injective is 0.626% cheaper against Bybit than usual: you would sell low and buy high (−$63 if the spread goes back to its 7-day average of −0.178%). Swap the legs. The two prices were read 98 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit APTUSDT | 0.7843 | 0.0100 | pay 0.0100% / 8h | 1h 27m | $29.4M | $35.5M | 50x |
| Short | Injective APT/USDC PERP | 0.7780 | −0.0033 | pay 0.0004% / 1h | 27m 39s | $2K | $241K | 12x |
Bybit APTUSDT
Injective APT/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against Bybit. 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
- −$27.87
- Price spread: −0.803% → −0.178%
- −$62.56
- Slippage, 4 orders
- −$111.11
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$212.56
- Costs to cover
- 1.221%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 1 min ago; Injective: live order book, 56 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 Bybit live order book, 1 min ago | 0.63 bp | 10.4 bp −$10 | 20.2 bp −$202 | 65.5 bp −$6,554 | doesn't fit |
| Sell Injective live order book, 56 min ago | 51.09 bp | 51.1 bp −$51 | doesn't fit | 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 | −0.0464% | 1h | 0.7862 | +0.242% | $2K | — | 5x | as long as short |
| Kraken Futures PF_APTUSD | −0.0423% | 1h | 0.7857 | +0.173% | $542K | $635K | 50x | as long as short |
| Deribit APT_USDC-PERPETUAL | −0.0258% | 1h | 0.7863 | +0.255% | $11K | $383K | 50x | as long as short |
| Variational Omni APT | −0.0075% | 8h | 0.7841 | −0.032% | $614K | $224K | — | as long as short |
| Injective APT/USDC PERPshort | −0.0033% | 1h | 0.7780 | −0.803% | $2K | $241K | 12x | |
| Orderly PERP_APT_USDC | −0.0023% | 8h | 0.7866 | +0.293% | $10K | $7K | 10x | as long as short |
| gTrade (Gains Network) APT/USD | L −0.0004% / S +0.0005% | 1h | 0.7870 | +0.339% | $22K | — | 150x | as long as short |
| Lighter APT | +0.0096% | 1h | 0.7850 | +0.089% | $430K | $350K | 10x | as long as short |
| Hyperliquid APT | +0.0100% | 1h | 0.7858 | +0.191% | $5.9M | $5.2M | 10x | as long as short |
| Aster APTUSDT | +0.0100% | 8h | 0.7860 | +0.221% | $306K | $464K | 20x | as long as short |
01 Exchange APTUSD
Kraken Futures PF_APTUSD
Deribit APT_USDC-PERPETUAL
Variational Omni APT
Orderly PERP_APT_USDC
gTrade (Gains Network) APT/USD
Lighter APT
Hyperliquid APT
Aster APTUSDTShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance APTUSDT | +0.0100% | 8h | 0.7851 | +0.101% | $28.9M | $97.4M | 75x | as long as short |
| Bybit APTUSDTlong | +0.0100% | 8h | 0.7843 | long leg | $29.4M | $35.5M | 50x | |
| OKX APT-USDT-SWAP | +0.0100% | 8h | 0.7845 | +0.026% | $6.2M | $23.6M | 50x | as long as short |
| Gate APT_USDT | +0.0100% | 8h | 0.7848 | +0.064% | $2.7M | $4.7M | 75x | as long as short |
| MEXC APT_USDT | +0.0100% | 8h | 0.7850 | +0.089% | $28.0M | $14.5M | 200x | as long as short |
| KuCoin APTUSDTM | +0.0100% | 8h | 0.7856 | +0.166% | $5.5M | $12.1M | 50x | as long as short |
| Bitget APTUSDT | +0.0100% | 8h | 0.7846 | +0.038% | $8.9M | $12.3M | 75x | as long as short |
| BingX APT-USDT | +0.0100% | 8h | 0.7846 | +0.038% | — | $26.2M | — | as long as short |
| Backpack APT_USDC_PERP | +0.0100% | 1h | 0.7861 | +0.230% | $198K | $365K | 20x | as long as short |
| ApeX Omni APTUSDT | +0.0100% | 1h | 0.7840 | −0.038% | $65K | $568K | 50x | as long as short |
| SunX APT-USDT | +0.0100% | 8h | 0.7858 | +0.191% | $6K | $1.4M | 20x | as long as short |
| SoDEX APT-USD | +0.0100% | 1h | 0.7860 | +0.217% | $68 | $6K | 5x | as long as short |
| HTX APT-USDT | +0.0100% | 8h | 0.7885 | +0.536% | $266K | $138K | 50x | as long as short |
| Extended APT-USD | +0.0104% | 1h | 0.7842 | −0.015% | $84K | $464K | 25x | as long as short |
| Aevo APT-PERP | +0.0104% | 1h | 0.7861 | +0.225% | $24K | — | 3x | as long as short |
| GMX APT/USD [ETH-USDC] | L +0.0190% / S −0.0143% | 1h | 0.7866 | +0.293% | $17K | — | 100x | as long as short |
| BloFin APT-USDT | +0.0220% | 8h | 0.7861 | +0.230% | $1.5M | $773K | 75x | as long as short |
| Coinbase International APT-PERP-INTX | +0.0288% | 1h | 0.7870 | +0.344% | $209K | $559K | 50x | as long as short |
| Reya APTRUSDPERP | +0.0467% | 1h | 0.7872 | +0.375% | $3K | — | 20x | as long as short |
| dYdX APT-USD | +0.0733% | 1h | 0.7859 | +0.199% | $55K | $5K | 10x | as long as short |
Binance APTUSDT
OKX APT-USDT-SWAP
Gate APT_USDT
MEXC APT_USDT
KuCoin APTUSDTM
Bitget APTUSDT
BingX APT-USDT
Backpack APT_USDC_PERP
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
Coinbase International APT-PERP-INTX
Reya APTRUSDPERP
dYdX APT-USD