APT

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0327%/8h= +35.8% APRnext payment +$0.41 per $10,000 · paid last 24h +0.292%

Price spread now: Coinbase International against Injective−1.041%7-day average +0.347% · you buy dearer than you sell

Net, funding: paid 7d − costs−$116as in the Funding arb table

Net, price: spread back to 7d avg − costs−$336as in the Price arb table

costs, in and out, $10k−$1971.968% of the position

Long on Injective Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.813%+$81 on $10k

Price spread, last 4 days (all we have)+1.698%+$170 · spread now −1.041%, 7d avg +0.347%

Together, before fees+2.510%+$251 on $10k · with fees, hour by hour

Funding pays, the price is against you. Coinbase International is 1.389% cheaper against Injective than usual: you would sell low and buy high (spread −1.041% now, against its 7-day average of +0.347%). If the spread goes back, that is −$139 on $10k: about 14 days of funding at the current rate (+$10 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective APT/USDC PERP	0.7780	0.0033	pay 0.0004% / 1h	31m 01s	$2K	$240K	12x
Short	Coinbase International APT-PERP-INTX	0.7699	0.0360	get 0.0045% / 1h	31m 01s	$224K	$459K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Injective. 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 InjectivebpFee Coinbase InternationalbpOrdersPrice spread, now −1.041%Rate

Funding earned: $68.6
Price spread: −1.041% → +0.347%: −$138.85
Slippage, 4 orders: −$186.77
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$267.04
Costs to cover: 1.968%
Break-even: 34.2 days

Slippage from Injective: live order book, 13 min ago; Coinbase International: live order book, 12 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 Injective live order book, 13 min ago	52.29 bp	58.0 bp −$58	doesn't fit	doesn't fit	doesn't fit
Sell Coinbase International live order book, 12 min ago	6.54 bp	21.7 bp −$22	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	0.7653	−1.635%	$523K	$638K	50x	as long as short
Variational Omni APT	−0.0013%	8h	0.7661	−1.528%	$492K	$433K	—	as long as short
gTrade (Gains Network) APT/USD	L −0.0004% / S +0.0005%	1h	0.7657	−1.580%	$21K	—	150x	as long as short
Deribit APT_USDC-PERPETUAL	0.0000%	1h	0.7656	−1.594%	$2K	$582K	50x	as long as short
Orderly PERP_APT_USDC	+0.0026%	8h	0.7654	−1.620%	$10K	$7K	10x	as long as short
Injective APT/USDC PERPlong	+0.0033%	1h	0.7780	long leg	$2K	$240K	12x
Lighter APT	+0.0096%	1h	0.7651	−1.658%	$408K	$422K	10x	as long as short
Hyperliquid APT	+0.0100%	1h	0.7658	−1.568%	$4.8M	$6.2M	10x	as long as short
Aster APTUSDT	+0.0100%	8h	0.7652	−1.645%	$92K	$918K	20x	as long as short
Binance APTUSDT	+0.0100%	8h	0.7652	−1.645%	$27.8M	$105.9M	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	0.7649	−1.684%	$27.2M	$40.4M	50x	as long as short
OKX APT-USDT-SWAP	+0.0100%	8h	0.7649	−1.684%	$5.7M	$25.2M	50x	as long as short
Gate APT_USDT	+0.0100%	8h	0.7653	−1.632%	$2.6M	$4.7M	75x	as long as short
MEXC APT_USDT	+0.0100%	8h	0.7654	−1.620%	$30.6M	$15.3M	200x	as long as short
KuCoin APTUSDTM	+0.0100%	8h	0.7653	−1.632%	$4.9M	$11.9M	50x	as long as short
Bitget APTUSDT	+0.0100%	8h	0.7650	−1.671%	$8.6M	$13.1M	75x	as long as short
BingX APT-USDC	+0.0100%	8h	0.7649	−1.684%	—	$6.5M	—	as long as short
Backpack APT_USDC_PERP	+0.0100%	1h	0.7660	−1.542%	$172K	$325K	20x	as long as short
ApeX Omni APTUSDT	+0.0100%	1h	0.7670	−1.414%	$62K	$583K	50x	as long as short
SunX APT-USDT	+0.0100%	8h	0.7645	−1.735%	$6K	$1.5M	20x	as long as short
SoDEX APT-USD	+0.0100%	1h	0.7652	−1.645%	$101	$6K	5x	as long as short
HTX APT-USDT	+0.0100%	8h	0.7658	−1.568%	$251K	$185K	50x	as long as short
Extended APT-USD	+0.0104%	1h	0.7646	−1.720%	$83K	$553K	25x	as long as short
Aevo APT-PERP	+0.0104%	1h	0.7655	−1.607%	$28K	$5K	3x	as long as short
GMX APT/USD [ETH-USDC]	L +0.0136% / S −0.0090%	1h	0.7660	−1.544%	$16K	—	100x	as long as short
BloFin APT-USDT	+0.0220%	8h	0.7652	−1.645%	$1.4M	$845K	75x	as long as short
Coinbase International APT-PERP-INTXshort	+0.0360%	1h	0.7699	−1.041%	$224K	$459K	50x
Reya APTRUSDPERP	+0.0496%	1h	0.7656	−1.599%	$3K	—	20x	as long as short
dYdX APT-USD	+0.0836%	1h	0.7659	−1.560%	$54K	$6K	10x	as long as short
01 Exchange APTUSD	+0.5472%	1h	0.7786	+0.077%	$2K	—	5x	as long as short