Funding you earn now, next payment 04:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h +0.257%
Price spread now: KuCoin against Injective−1.234%7-day average +0.230% · you buy dearer than you sell
Net, funding: paid 7d − costs−$145as in the Funding arb table
Net, price: spread back to 7d avg − costs−$324as in the Price arb table
costs, in and out, $10k−$1771.773% of the position
Funding, last 7 days+0.324%+$32 on $10k
+Price spread, last 4 days (all we have)−0.085%−$8 · spread now −1.234%, 7d avg +0.230%
=Funding pays, the price is against you. KuCoin is 1.464% cheaper against Injective than usual: you would sell low and buy high (spread −1.234% now, against its 7-day average of +0.230%). If the spread goes back, that is −$146 on $10k: about 2 months of funding at the current rate (+$2 a day). At the pace of the last 7 days (+0.324% in total) that is about 32 days.
| 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 | 15m 15s | $2K | $240K | 12x |
| Short | KuCoin APTUSDTM | 0.7684 | 0.0100 | get 0.0100% / 8h | 4h 15m | $5.1M | $12.3M | 50x |
Injective APT/USDC PERP
KuCoin APTUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin against Injective. 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
- $14
- Price spread: −1.234% → +0.230%
- −$146.43
- Slippage, 4 orders
- −$165.29
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$309.74
- Costs to cover
- 1.773%
- Break-even
- 161.9 days
Slippage from Injective: live order book, 44 min ago; KuCoin: live order book, 3 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, 44 min ago | 52.02 bp | 52.0 bp −$52 | doesn't fit | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 3 min ago | 3.26 bp | 37.8 bp −$38 | 72.8 bp −$728 | 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 | 0.7684 | −1.228% | $21K | — | 150x | as long as short |
| Deribit APT_USDC-PERPETUAL | 0.0000% | 1h | 0.7682 | −1.260% | $13K | $492K | 50x | as long as short |
| Orderly PERP_APT_USDC | +0.0018% | 8h | 0.7684 | −1.234% | $10K | $7K | 10x | as long as short |
| Injective APT/USDC PERPlong | +0.0033% | 1h | 0.7780 | long leg | $2K | $240K | 12x | |
| Variational Omni APT | +0.0045% | 8h | 0.7680 | −1.283% | $513K | $415K | — | as long as short |
| Lighter APT | +0.0096% | 1h | 0.7679 | −1.298% | $410K | $422K | 10x | as long as short |
| Hyperliquid APT | +0.0100% | 1h | 0.7692 | −1.131% | $5.3M | $6.1M | 10x | as long as short |
| Aster APTUSDT | +0.0100% | 8h | 0.7688 | −1.183% | $97K | $961K | 20x | as long as short |
| Binance APTUSDT | +0.0100% | 8h | 0.7683 | −1.246% | $28.2M | $106.8M | 75x | as long as short |
| Bybit APTUSDT | +0.0100% | 8h | 0.7678 | −1.311% | $27.3M | $39.6M | 50x | as long as short |
gTrade (Gains Network) APT/USD
Deribit APT_USDC-PERPETUAL
Orderly PERP_APT_USDC
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 | 0.7675 | −1.350% | $5.7M | $24.9M | 50x | as long as short |
| Gate APT_USDT | +0.0100% | 8h | 0.7683 | −1.247% | $2.6M | $4.9M | 75x | as long as short |
| MEXC APT_USDT | +0.0100% | 8h | 0.7684 | −1.234% | $28.9M | $15.3M | 200x | as long as short |
| KuCoin APTUSDTMshort | +0.0100% | 8h | 0.7684 | −1.234% | $5.1M | $12.3M | 50x | |
| Bitget APTUSDT | +0.0100% | 8h | 0.7680 | −1.285% | $8.6M | $12.8M | 75x | as long as short |
| BingX APT-USDC | +0.0100% | 8h | 0.7683 | −1.247% | — | $6.5M | — | as long as short |
| Backpack APT_USDC_PERP | +0.0100% | 1h | 0.7690 | −1.157% | $190K | $378K | 20x | as long as short |
| ApeX Omni APTUSDT | +0.0100% | 1h | 0.7690 | −1.157% | $62K | $579K | 50x | as long as short |
| SunX APT-USDT | +0.0100% | 8h | 0.7670 | −1.414% | $6K | $1.5M | 20x | as long as short |
| SoDEX APT-USD | +0.0100% | 1h | 0.7681 | −1.272% | $75 | $6K | 5x | as long as short |
| HTX APT-USDT | +0.0100% | 8h | 0.7682 | −1.260% | $260K | $117K | 50x | as long as short |
| Extended APT-USD | +0.0104% | 1h | 0.7677 | −1.328% | $82K | $490K | 25x | as long as short |
| Aevo APT-PERP | +0.0104% | 1h | 0.7680 | −1.285% | $28K | $5K | 3x | as long as short |
| GMX APT/USD [ETH-USDC] | L +0.0136% / S −0.0090% | 1h | 0.7683 | −1.249% | $16K | — | 100x | as long as short |
| BloFin APT-USDT | +0.0220% | 8h | 0.7679 | −1.298% | $1.4M | $948K | 75x | as long as short |
| Kraken Futures PF_APTUSD | +0.0315% | 1h | 0.7685 | −1.223% | $533K | $641K | 50x | as long as short |
| Coinbase International APT-PERP-INTX | +0.0328% | 1h | 0.7693 | −1.118% | $222K | $461K | 50x | as long as short |
| Reya APTRUSDPERP | +0.0486% | 1h | 0.7681 | −1.268% | $3K | — | 20x | as long as short |
| dYdX APT-USD | +0.0726% | 1h | 0.7684 | −1.240% | $54K | $6K | 10x | as long as short |
| 01 Exchange APTUSD | +0.5040% | 1h | 0.7799 | +0.244% | $2K | — | 5x | as long as short |
OKX APT-USDT-SWAP
Gate APT_USDT
MEXC APT_USDT
Bitget APTUSDT
BingX APT-USDC
Backpack APT_USDC_PERP
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
Coinbase International APT-PERP-INTX
Reya APTRUSDPERP
dYdX APT-USD
01 Exchange APTUSD