Funding you earn now, next payment 03:00 UTC−0.0228%/8h= −25.0% APRnext payment −$0.29 per $10,000 · paid last 24h −0.059%
Price spread now: Backpack against Coinbase International−0.248%7-day average −0.123% · you buy dearer than you sell
Net, funding: paid 7d − costs−$146as in the Funding arb table
Net, price: spread back to 7d avg − costs−$132as in the Price arb table
costs, in and out, $10k−$1201.198% of the position
Funding, last 7 days−0.267%−$27 on $10k
+Price spread, last 4 days (all we have)−1.544%−$154 · spread now −0.248%, 7d avg −0.123%
=Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Backpack is 0.126% cheaper against Coinbase International than usual: you would sell low and buy high (−$13 if the spread goes back to its 7-day average of −0.123%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International APT-PERP-INTX | 0.7649 | 0.0328 | pay 0.0041% / 1h | 49m 57s | $220K | $492K | 50x |
| Short | Backpack APT_USDC_PERP | 0.7630 | 0.0100 | get 0.0013% / 1h | 49m 57s | $188K | $381K | 20x |
Coinbase International APT-PERP-INTX
Backpack APT_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against Coinbase International. 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
- −$47.88
- Price spread: −0.248% → −0.123%
- −$12.59
- Slippage, 4 orders
- −$99.75
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$180.22
- Costs to cover
- 1.198%
- Break-even
- never at this rate
Slippage from Coinbase International: live order book, 8 min ago; Backpack: live order book, 9 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 Coinbase International live order book, 8 min ago | 10.46 bp | 57.4 bp −$57 | doesn't fit | doesn't fit | doesn't fit |
| Sell Backpack live order book, 9 min ago | 1.96 bp | 8.9 bp −$9 | 32.4 bp −$324 | 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 | 0.7633 | −0.209% | $20K | — | 150x | as long as short |
| Deribit APT_USDC-PERPETUAL | 0.0000% | 1h | 0.7631 | −0.235% | $17K | $443K | 50x | as long as short |
| Orderly PERP_APT_USDC | +0.0014% | 8h | 0.7630 | −0.248% | $10K | $7K | 10x | as long as short |
| Injective APT/USDC PERP | +0.0033% | 1h | 0.7780 | +1.713% | $2K | $240K | 12x | as long as short |
| Variational Omni APT | +0.0037% | 8h | 0.7625 | −0.312% | $509K | $415K | — | as long as short |
| Lighter APT | +0.0096% | 1h | 0.7625 | −0.314% | $407K | $420K | 10x | as long as short |
| Hyperliquid APT | +0.0100% | 1h | 0.7629 | −0.261% | $5.2M | $6.2M | 10x | as long as short |
| Aster APTUSDT | +0.0100% | 8h | 0.7628 | −0.275% | $98K | $959K | 20x | as long as short |
| Binance APTUSDT | +0.0100% | 8h | 0.7624 | −0.331% | $27.9M | $106.0M | 75x | as long as short |
| Bybit APTUSDT | +0.0100% | 8h | 0.7624 | −0.327% | $27.2M | $38.9M | 50x | as long as short |
gTrade (Gains Network) APT/USD
Deribit APT_USDC-PERPETUAL
Orderly PERP_APT_USDC
Injective APT/USDC PERP
Variational Omni APT
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 | 0.7625 | −0.314% | $5.7M | $24.5M | 50x | as long as short |
| Gate APT_USDT | +0.0100% | 8h | 0.7620 | −0.379% | $2.6M | $4.9M | 75x | as long as short |
| MEXC APT_USDT | +0.0100% | 8h | 0.7618 | −0.405% | $28.6M | $15.2M | 200x | as long as short |
| KuCoin APTUSDTM | +0.0100% | 8h | 0.7619 | −0.392% | $5.0M | $12.3M | 50x | as long as short |
| Bitget APTUSDT | +0.0100% | 8h | 0.7626 | −0.301% | $8.5M | $12.7M | 75x | as long as short |
| BingX APT-USDT | +0.0100% | 8h | 0.7622 | −0.353% | — | $26.0M | — | as long as short |
| Backpack APT_USDC_PERPshort | +0.0100% | 1h | 0.7630 | −0.248% | $188K | $381K | 20x | |
| ApeX Omni APTUSDT | +0.0100% | 1h | 0.7680 | +0.405% | $62K | $578K | 50x | as long as short |
| SunX APT-USDT | +0.0100% | 8h | 0.7624 | −0.327% | $6K | $1.5M | 20x | as long as short |
| SoDEX APT-USD | +0.0100% | 1h | 0.7627 | −0.288% | $53 | $6K | 5x | as long as short |
| HTX APT-USDT | +0.0100% | 8h | 0.7649 | 0.000% | $259K | $118K | 50x | as long as short |
| Extended APT-USD | +0.0104% | 1h | 0.7614 | −0.454% | $83K | $483K | 25x | as long as short |
| Aevo APT-PERP | +0.0104% | 1h | 0.7629 | −0.264% | $28K | $5K | 3x | as long as short |
| GMX APT/USD [ETH-USDC] | L +0.0189% / S −0.0143% | 1h | 0.7633 | −0.206% | $17K | — | 100x | as long as short |
| BloFin APT-USDT | +0.0220% | 8h | 0.7635 | −0.183% | $1.4M | $941K | 75x | as long as short |
| Kraken Futures PF_APTUSD | +0.0318% | 1h | 0.7628 | −0.278% | $527K | $640K | 50x | as long as short |
| Coinbase International APT-PERP-INTXlong | +0.0328% | 1h | 0.7649 | long leg | $220K | $492K | 50x | |
| Reya APTRUSDPERP | +0.0484% | 1h | 0.7631 | −0.231% | $3K | — | 20x | as long as short |
| dYdX APT-USD | +0.0899% | 1h | 0.7631 | −0.239% | $53K | $6K | 10x | as long as short |
| 01 Exchange APTUSD | +0.5024% | 1h | 0.7776 | +1.660% | $2K | — | 5x | as long as short |
OKX APT-USDT-SWAP
Gate APT_USDT
MEXC APT_USDT
KuCoin APTUSDTM
Bitget APTUSDT
BingX APT-USDT
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
Reya APTRUSDPERP
dYdX APT-USD
01 Exchange APTUSD