Funding arb · Price arb /

APT

all APT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0104%/8h= +11.4% APRpaid last 24h +0.014%

Price spread now: Bybit against gTrade (Gains Network)−0.089%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on gTrade (Gains Network)Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. Bybit is 0.089% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.089% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$9 on $10k: about 2.9 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) APT/USD	0.7672	L −0.0004% / S +0.0005%	get 0.0000% / 1h	4m 56s	$21K	—	150x
Short	Bybit APTUSDT	0.7665	0.0100	get 0.0100% / 8h	1h 04m	$27.4M	$39.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee BybitbpOrdersPrice spread, now −0.089%Rate

Funding earned: $21.84
Price spread: −0.089% → 0.000%: −$8.93
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$8.09
Costs to cover: 0.210%
Break-even: 9.6 days

Slippage unknown: gTrade (Gains Network): no order-book sample; Bybit: live order book, 4 min ago. Net counts fees only.

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 gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell Bybit live order book, 4 min ago	0.65 bp	9.9 bp −$10	22.3 bp −$223	75.7 bp −$7,566	doesn't fit

gTrade (Gains Network): no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0227%	1h	0.7672	+0.002%	$524K	$609K	50x	as long as short
Variational Omni APT	−0.0020%	8h	0.7670	−0.022%	$491K	$421K	—	as long as short
gTrade (Gains Network) APT/USDlong	L −0.0004% / S +0.0005%	1h	0.7672	long leg	$21K	—	150x
Deribit APT_USDC-PERPETUAL	0.0000%	1h	0.7669	−0.037%	$19K	$599K	50x	as long as short
Orderly PERP_APT_USDC	+0.0020%	8h	0.7666	−0.076%	$10K	$7K	10x	as long as short
Injective APT/USDC PERP	+0.0033%	1h	0.7780	+1.410%	$2K	$240K	12x	as long as short
Lighter APT	+0.0096%	1h	0.7666	−0.076%	$411K	$427K	10x	as long as short
Hyperliquid APT	+0.0100%	1h	0.7672	+0.002%	$4.8M	$6.0M	10x	as long as short
Aster APTUSDT	+0.0100%	8h	0.7667	−0.064%	$89K	$917K	20x	as long as short
Binance APTUSDT	+0.0100%	8h	0.7666	−0.073%	$27.9M	$101.2M	75x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit APTUSDTshort	+0.0100%	8h	0.7665	−0.089%	$27.4M	$39.1M	50x
OKX APT-USDT-SWAP	+0.0100%	8h	0.7661	−0.141%	$5.7M	$24.3M	50x	as long as short
Gate APT_USDT	+0.0100%	8h	0.7670	−0.024%	$2.6M	$4.8M	75x	as long as short
MEXC APT_USDT	+0.0100%	8h	0.7670	−0.024%	$30.7M	$15.4M	200x	as long as short
KuCoin APTUSDTM	+0.0100%	8h	0.7665	−0.089%	$4.9M	$11.8M	50x	as long as short
Bitget APTUSDT	+0.0100%	8h	0.7666	−0.076%	$8.6M	$12.4M	75x	as long as short
BingX APT-USDT	+0.0100%	8h	0.7671	−0.011%	—	$26.0M	—	as long as short
Backpack APT_USDC_PERP	+0.0100%	1h	0.7674	+0.028%	$173K	$309K	20x	as long as short
ApeX Omni APTUSDT	+0.0100%	1h	0.7670	−0.024%	$62K	$581K	50x	as long as short
SunX APT-USDT	+0.0100%	8h	0.7658	−0.181%	$6K	$1.4M	20x	as long as short
SoDEX APT-USD	+0.0100%	1h	0.7667	−0.063%	$87	$6K	5x	as long as short
HTX APT-USDT	+0.0100%	8h	0.7677	+0.067%	$252K	$182K	50x	as long as short
Extended APT-USD	+0.0104%	1h	0.7659	−0.170%	$80K	$551K	25x	as long as short
Aevo APT-PERP	+0.0104%	1h	0.7666	−0.072%	$28K	$5K	3x	as long as short
GMX APT/USD [ETH-USDC]	L +0.0136% / S −0.0090%	1h	0.7671	−0.005%	$16K	—	100x	as long as short
BloFin APT-USDT	+0.0220%	8h	0.7672	+0.002%	$1.4M	$802K	75x	as long as short
Coinbase International APT-PERP-INTX	+0.0360%	1h	0.7690	+0.237%	$223K	$314K	50x	as long as short
Reya APTRUSDPERP	+0.0497%	1h	0.7670	−0.023%	$3K	—	20x	as long as short
dYdX APT-USD	+0.0915%	1h	0.7673	+0.015%	$54K	$6K	10x	as long as short
01 Exchange APTUSD	+0.5072%	1h	0.7794	+1.592%	$2K	—	5x	as long as short