Funding arb · Price arb /

APT

all APT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0327%/8h= +35.8% APRpaid last 24h +0.053%

Price spread now: OKX against Kraken Futures−0.049%7-day average −0.098% · you buy dearer than you sell

Net, funding: paid 7d − costs−$80as in the Funding arb table

Net, price: spread back to 7d avg − costs−$68as in the Price arb table

costs, in and out, $10k−$730.733% of the position

Long on Kraken Futures Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.067%−$7 on $10k

Price spread, last 4 days (all we have)−0.741%−$74 · spread now −0.049%, 7d avg −0.098%

Together, before fees−0.808%−$81 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and OKX is 0.050% dearer against Kraken Futures than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.098%. Mind the row above: over the last 7 days funding on this pair cost −0.067%, so the current rate has only just turned in your favour.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.067% in total (about -3.5% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_APTUSD	0.7693	−0.0227	get 0.0028% / 1h	19m 18s	$526K	$633K	50x
Short	OKX APT-USDT-SWAP	0.7689	0.0100	get 0.0100% / 8h	1h 19m	$5.7M	$24.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX against Kraken Futures. 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 Kraken FuturesbpFee OKXbpOrdersPrice spread, now −0.049%Rate

Funding earned: $68.59
Price spread: −0.049% → −0.098%: $4.97
Slippage, 4 orders: −$53.34
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: $0.23
Costs to cover: 0.733%
Break-even: 7.0 days

Slippage from Kraken Futures: live order book, 24 min ago; OKX: live order book, 4 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 Kraken Futures live order book, 24 min ago	4.58 bp	18.0 bp −$18	72.6 bp −$726	doesn't fit	doesn't fit
Sell OKX live order book, 4 min ago	0.65 bp	12.4 bp −$12	48.6 bp −$486	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_APTUSDlong	−0.0227%	1h	0.7693	long leg	$526K	$633K	50x
Variational Omni APT	−0.0019%	8h	0.7680	−0.164%	$492K	$422K	—	as long as short
gTrade (Gains Network) APT/USD	L −0.0004% / S +0.0005%	1h	0.7687	−0.072%	$21K	—	150x	as long as short
Deribit APT_USDC-PERPETUAL	0.0000%	1h	0.7692	−0.010%	$20K	$596K	50x	as long as short
Orderly PERP_APT_USDC	+0.0025%	8h	0.7692	−0.010%	$10K	$7K	10x	as long as short
Injective APT/USDC PERP	+0.0033%	1h	0.7780	+1.134%	$2K	$240K	12x	as long as short
Lighter APT	+0.0096%	1h	0.7682	−0.140%	$411K	$424K	10x	as long as short
Hyperliquid APT	+0.0100%	1h	0.7693	+0.003%	$4.8M	$6.0M	10x	as long as short
Aster APTUSDT	+0.0100%	8h	0.7690	−0.036%	$91K	$917K	20x	as long as short
Binance APTUSDT	+0.0100%	8h	0.7692	−0.010%	$28.0M	$103.0M	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	0.7691	−0.023%	$27.5M	$39.8M	50x	as long as short
OKX APT-USDT-SWAPshort	+0.0100%	8h	0.7689	−0.049%	$5.7M	$24.8M	50x
Gate APT_USDT	+0.0100%	8h	0.7687	−0.075%	$2.6M	$4.8M	75x	as long as short
MEXC APT_USDT	+0.0100%	8h	0.7695	+0.029%	$30.7M	$15.4M	200x	as long as short
KuCoin APTUSDTM	+0.0100%	8h	0.7689	−0.049%	$4.9M	$11.9M	50x	as long as short
Bitget APTUSDT	+0.0100%	8h	0.7690	−0.036%	$8.6M	$12.8M	75x	as long as short
BingX APT-USDC	+0.0100%	8h	0.7691	−0.023%	—	$6.5M	—	as long as short
Backpack APT_USDC_PERP	+0.0100%	1h	0.7691	−0.023%	$173K	$320K	20x	as long as short
ApeX Omni APTUSDT	+0.0100%	1h	0.7690	−0.036%	$62K	$582K	50x	as long as short
SunX APT-USDT	+0.0100%	8h	0.7679	−0.179%	$6K	$1.4M	20x	as long as short
SoDEX APT-USD	+0.0100%	1h	0.7691	−0.023%	$97	$6K	5x	as long as short
HTX APT-USDT	+0.0100%	8h	0.7684	−0.114%	$252K	$184K	50x	as long as short
Extended APT-USD	+0.0104%	1h	0.7686	−0.087%	$80K	$556K	25x	as long as short
Aevo APT-PERP	+0.0104%	1h	0.7690	−0.036%	$28K	$5K	3x	as long as short
GMX APT/USD [ETH-USDC]	L +0.0136% / S −0.0090%	1h	0.7692	−0.005%	$16K	—	100x	as long as short
BloFin APT-USDT	+0.0220%	8h	0.7684	−0.114%	$1.4M	$828K	75x	as long as short
Coinbase International APT-PERP-INTX	+0.0360%	1h	0.7700	+0.094%	$223K	$326K	50x	as long as short
Reya APTRUSDPERP	+0.0496%	1h	0.7687	−0.073%	$3K	—	20x	as long as short
dYdX APT-USD	+0.0864%	1h	0.7688	−0.067%	$54K	$6K	10x	as long as short
01 Exchange APTUSD	+0.5112%	1h	0.7784	+1.186%	$2K	—	5x	as long as short