Funding arb · Price arb /

APT

all APT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0260%/8h= −28.5% APRpaid last 24h −0.063%

Price spread now: SunX against Coinbase International−0.170%7-day average −0.285% · you buy dearer than you sell

Net, funding: paid 7d − costs−$318as in the Funding arb table

Net, price: spread back to 7d avg − costs−$273as in the Price arb table

costs, in and out, $10k−$2852.846% of the position

Long on Coinbase International Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.331%−$33 on $10k

Price spread, last 4 days (all we have)−0.130%−$13 · spread now −0.170%, 7d avg −0.285%

Together, before fees−0.461%−$46 on $10k · with fees, hour by hour

The price spread pays, funding is against you. SunX is 0.115% dearer against Coinbase International than usual: you sell high and buy low (spread −0.170% now, against its 7-day average of −0.285%): +$11 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 35 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International APT-PERP-INTX	0.7650	0.0360	pay 0.0045% / 1h	3m 04s	$221K	$310K	50x
Short	SunX APT-USDT	0.7637	0.0100	get 0.0100% / 8h	1h 03m	$6K	$1.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 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 Coinbase InternationalbpFee SunXbpOrdersPrice spread, now −0.170%Rate

Funding earned: −$54.6
Price spread: −0.170% → −0.285%: $11.47
Slippage, 4 orders: −$266.61
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: −$327.74
Costs to cover: 2.846%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 40 min ago; SunX: live order book, 11 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, 40 min ago	6.54 bp	49.3 bp −$49	doesn't fit	doesn't fit	doesn't fit
Sell SunX live order book, 11 min ago	30.69 bp	112.8 bp −$113	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
Kraken Futures PF_APTUSD	−0.0228%	1h	0.7645	−0.068%	$522K	$609K	50x	as long as short
Variational Omni APT	−0.0020%	8h	0.7670	+0.263%	$491K	$421K	—	as long as short
gTrade (Gains Network) APT/USD	L −0.0004% / S +0.0005%	1h	0.7655	+0.067%	$21K	—	150x	as long as short
Deribit APT_USDC-PERPETUAL	0.0000%	1h	0.7643	−0.092%	$19K	$599K	50x	as long as short
Orderly PERP_APT_USDC	+0.0020%	8h	0.7642	−0.105%	$10K	$7K	10x	as long as short
Injective APT/USDC PERP	+0.0033%	1h	0.7780	+1.699%	$2K	$240K	12x	as long as short
Lighter APT	+0.0096%	1h	0.7640	−0.131%	$409K	$427K	10x	as long as short
Hyperliquid APT	+0.0100%	1h	0.7644	−0.078%	$4.8M	$6.0M	10x	as long as short
Aster APTUSDT	+0.0100%	8h	0.7642	−0.106%	$90K	$918K	20x	as long as short
Binance APTUSDT	+0.0100%	8h	0.7638	−0.155%	$27.8M	$101.0M	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	0.7633	−0.222%	$27.3M	$39.0M	50x	as long as short
OKX APT-USDT-SWAP	+0.0100%	8h	0.7634	−0.209%	$5.7M	$24.1M	50x	as long as short
Gate APT_USDT	+0.0100%	8h	0.7639	−0.144%	$2.6M	$4.8M	75x	as long as short
MEXC APT_USDT	+0.0100%	8h	0.7641	−0.118%	$30.5M	$15.5M	200x	as long as short
KuCoin APTUSDTM	+0.0100%	8h	0.7641	−0.118%	$4.9M	$11.7M	50x	as long as short
Bitget APTUSDT	+0.0100%	8h	0.7635	−0.196%	$8.6M	$12.4M	75x	as long as short
BingX APT-USDT	+0.0100%	8h	0.7640	−0.131%	—	$26.0M	—	as long as short
Backpack APT_USDC_PERP	+0.0100%	1h	0.7644	−0.078%	$173K	$309K	20x	as long as short
ApeX Omni APTUSDT	+0.0100%	1h	0.7670	+0.261%	$62K	$581K	50x	as long as short
SunX APT-USDTshort	+0.0100%	8h	0.7637	−0.170%	$6K	$1.4M	20x
SoDEX APT-USD	+0.0100%	1h	0.7641	−0.118%	$86	$6K	5x	as long as short
HTX APT-USDT	+0.0100%	8h	0.7677	+0.353%	$252K	$181K	50x	as long as short
Extended APT-USD	+0.0104%	1h	0.7632	−0.231%	$80K	$551K	25x	as long as short
Aevo APT-PERP	+0.0104%	1h	0.7643	−0.085%	$28K	$5K	3x	as long as short
GMX APT/USD [ETH-USDC]	L +0.0136% / S −0.0090%	1h	0.7643	−0.091%	$16K	—	100x	as long as short
BloFin APT-USDT	+0.0220%	8h	0.7646	−0.052%	$1.4M	$799K	75x	as long as short
Coinbase International APT-PERP-INTXlong	+0.0360%	1h	0.7650	long leg	$221K	$310K	50x
Reya APTRUSDPERP	+0.0497%	1h	0.7645	−0.068%	$3K	—	20x	as long as short
dYdX APT-USD	+0.0918%	1h	0.7655	+0.060%	$54K	$6K	10x	as long as short
01 Exchange APTUSD	+0.5096%	1h	0.7784	+1.752%	$2K	—	5x	as long as short