Funding arb · Price arb /

APT

all APT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 19:00 UTC+0.0136%/8hnext payment +$0.17 per $10,000 · paid last 24h +0.070%

Price spread now: Coinbase International against Extended+0.066%7-day average +0.251% · you sell dearer than you buy

Net, funding: paid 7d − costs−$28as in the Funding arb table

Net, price: spread back to 7d avg − costs−$88as in the Price arb table

costs, in and out, $10k−$700.699% of the position

Long on Extended Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.422%+$42 on $10k

Price spread, last 3 days (all we have)+0.691%+$69 · spread now +0.066%, 7d avg +0.251%

Together, before fees+1.114%+ Points / potential airdropExtended: Active · farm board+$111 on $10k · with fees, hour by hour

Funding pays, the price is against you. Coinbase International is 0.184% cheaper against Extended than usual: you would sell low and buy high (spread +0.066% now, against its 7-day average of +0.251%). If the spread goes back, that is −$18 on $10k: about 4.5 days of funding at the current rate (+$4 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended APT-USD	0.7646	0.0104	pay 0.0013% / 1h	6m 20s	$82K	$478K	25x
Short	Coinbase International APT-PERP-INTX	0.7651	0.0240	get 0.0030% / 1h	6m 20s	$201K	$520K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Extended. 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 ExtendedbpFee Coinbase InternationalbpOrdersPrice spread, now +0.066%Rate

Funding earned: $28.56
Price spread: +0.066% → +0.251%: −$18.44
Slippage, 4 orders: −$54.87
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$59.75
Costs to cover: 0.699%
Break-even: 21.6 days

Slippage from Extended: live order book, 25 min ago; Coinbase International: live order book, 26 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 Extended live order book, 25 min ago	1.97 bp	11.6 bp −$12	101.6 bp −$1,016	doesn't fit	doesn't fit
Sell Coinbase International live order book, 26 min ago	12.47 bp	21.1 bp −$21	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	−0.0582%	1h	0.7652	+0.080%	$545K	$602K	50x	as long as short
01 Exchange APTUSD	−0.0336%	1h	0.7637	−0.117%	$2K	—	5x	as long as short
Variational Omni APT	−0.0143%	8h	0.7633	−0.163%	$600K	$225K	—	as long as short
Orderly PERP_APT_USDC	−0.0033%	8h	0.7645	−0.012%	$10K	$7K	10x	as long as short
gTrade (Gains Network) APT/USD	L −0.0004% / S +0.0005%	1h	0.7646	+0.007%	$21K	—	150x	as long as short
Deribit APT_USDC-PERPETUAL	0.0000%	1h	0.7650	+0.053%	$13K	$329K	50x	as long as short
Bybit APTUSDT	+0.0031%	8h	0.7641	−0.064%	$28.5M	$35.7M	50x	as long as short
Injective APT/USDC PERP	+0.0033%	1h	0.7640	−0.078%	$2K	$145K	12x	as long as short
OKX APT-USDT-SWAP	+0.0092%	8h	0.7646	+0.001%	$6.1M	$22.2M	50x	as long as short
Lighter APT	+0.0096%	1h	0.7641	−0.064%	$438K	$304K	10x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid APT	+0.0100%	1h	0.7652	+0.079%	$5.8M	$5.5M	10x	as long as short
Aster APTUSDT	+0.0100%	8h	0.7649	+0.040%	$296K	$455K	20x	as long as short
Binance APTUSDT	+0.0100%	8h	0.7644	−0.025%	$28.1M	$95.9M	75x	as long as short
Gate APT_USDT	+0.0100%	8h	0.7641	−0.064%	$2.6M	$4.7M	75x	as long as short
MEXC APT_USDT	+0.0100%	8h	0.7642	−0.051%	$27.7M	$14.3M	200x	as long as short
KuCoin APTUSDTM	+0.0100%	8h	0.7642	−0.051%	$5.4M	$11.9M	50x	as long as short
Bitget APTUSDT	+0.0100%	8h	0.7648	+0.027%	$8.8M	$12.0M	75x	as long as short
BingX APT-USDC	+0.0100%	8h	0.7643	−0.038%	—	$6.5M	—	as long as short
Backpack APT_USDC_PERP	+0.0100%	1h	0.7647	+0.014%	$195K	$367K	20x	as long as short
ApeX Omni APTUSDT	+0.0100%	1h	0.7640	−0.078%	$64K	$575K	50x	as long as short
SunX APT-USDT	+0.0100%	8h	0.7631	−0.195%	$6K	$1.4M	20x	as long as short
SoDEX APT-USD	+0.0100%	1h	0.7648	+0.027%	$63	$6K	5x	as long as short
HTX APT-USDT	+0.0100%	8h	0.7641	−0.064%	$258K	$139K	50x	as long as short
Extended APT-USDlong	+0.0104%	1h	0.7646	long leg	$82K	$478K	25x
Aevo APT-PERP	+0.0104%	1h	0.7649	+0.041%	$24K	—	3x	as long as short
GMX APT/USD [ETH-USDC]	L +0.0136% / S −0.0090%	1h	0.7644	−0.020%	$16K	—	100x	as long as short
BloFin APT-USDT	+0.0220%	8h	0.7640	−0.078%	$1.5M	$753K	75x	as long as short
Coinbase International APT-PERP-INTXshort	+0.0240%	1h	0.7651	+0.066%	$201K	$520K	50x
Reya APTRUSDPERP	+0.0458%	1h	0.7641	−0.065%	$3K	—	20x	as long as short
dYdX APT-USD	+0.1053%	1h	0.7643	−0.039%	$54K	$5K	10x	as long as short