Funding arb · Price arb /

APT

all APT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0501%/8h= +54.8% APRpaid last 24h +0.106%

Price spread now: SunX against Kraken Futures−0.328%7-day average −0.165% · you buy dearer than you sell

Net, funding: paid 7d − costs−$249as in the Funding arb table

Net, price: spread back to 7d avg − costs−$274as in the Price arb table

costs, in and out, $10k−$2582.580% of the position

Long on Kraken Futures Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.090%+$9 on $10k

Price spread, last 3 days (all we have)+0.081%+$8 · spread now −0.328%, 7d avg −0.165%

Together, before fees+0.171%+$17 on $10k · with fees, hour by hour

Funding pays, the price is against you. SunX is 0.163% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.328% now, against its 7-day average of −0.165%). If the spread goes back, that is −$16 on $10k: about 26 hours of funding at the current rate (+$15 a day). At the pace of the last 7 days (+0.090% in total) that is about 13 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.090% in total (about 4.7% 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	0.7945	−0.0401	get 0.0050% / 1h	45m 06s	$551K	$634K	50x
Short	SunX APT-USDT	0.7919	0.0100	get 0.0100% / 8h	45m 06s	$6K	$1.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now −0.328%Rate

Funding earned: $105.11
Price spread: −0.328% → −0.165%: −$16.29
Slippage, 4 orders: −$240.02
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: −$169.19
Costs to cover: 2.580%
Break-even: 18.3 days

Slippage from Kraken Futures: live order book, 33 min ago; SunX: live order book, 9 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, 33 min ago	8.28 bp	21.7 bp −$22	96.0 bp −$960	doesn't fit	doesn't fit
Sell SunX live order book, 9 min ago	30.98 bp	113.2 bp −$113	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_APTUSDlong	−0.0401%	1h	0.7945	long leg	$551K	$634K	50x
01 Exchange APTUSD	−0.0272%	1h	0.7933	−0.152%	$2K	—	5x	as long as short
Variational Omni APT	−0.0055%	8h	0.7937	−0.108%	$517K	$320K	—	as long as short
Orderly PERP_APT_USDC	−0.0013%	8h	0.7932	−0.164%	$10K	$7K	10x	as long as short
gTrade (Gains Network) APT/USD	L −0.0004% / S +0.0005%	1h	0.7938	−0.093%	$21K	—	150x	as long as short
Deribit APT_USDC-PERPETUAL	−0.0002%	1h	0.7936	−0.114%	$14K	$413K	50x	as long as short
Injective APT/USDC PERP	+0.0033%	1h	0.7780	−2.077%	$2K	$241K	12x	as long as short
Lighter APT	+0.0096%	1h	0.7936	−0.114%	$434K	$353K	10x	as long as short
Aster APTUSDT	+0.0100%	8h	0.7935	−0.123%	$309K	$465K	20x	as long as short
Binance APTUSDT	+0.0100%	8h	0.7935	−0.124%	$29.5M	$98.5M	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	0.7933	−0.152%	$29.5M	$36.3M	50x	as long as short
OKX APT-USDT-SWAP	+0.0100%	8h	0.7936	−0.114%	$6.2M	$24.2M	50x	as long as short
Gate APT_USDT	+0.0100%	8h	0.7937	−0.101%	$2.8M	$4.7M	75x	as long as short
MEXC APT_USDT	+0.0100%	8h	0.7931	−0.177%	$28.8M	$14.6M	200x	as long as short
KuCoin APTUSDTM	+0.0100%	8h	0.7935	−0.127%	$5.6M	$12.2M	50x	as long as short
Bitget APTUSDT	+0.0100%	8h	0.7937	−0.101%	$9.0M	$12.6M	75x	as long as short
BingX APT-USDC	+0.0100%	8h	0.7934	−0.139%	—	$6.5M	—	as long as short
Backpack APT_USDC_PERP	+0.0100%	1h	0.7940	−0.064%	$199K	$369K	20x	as long as short
ApeX Omni APTUSDT	+0.0100%	1h	0.7940	−0.064%	$66K	$569K	50x	as long as short
SunX APT-USDTshort	+0.0100%	8h	0.7919	−0.328%	$6K	$1.4M	20x
SoDEX APT-USD	+0.0100%	1h	0.7937	−0.101%	$73	$6K	5x	as long as short
HTX APT-USDT	+0.0100%	8h	0.7945	−0.001%	$268K	$139K	50x	as long as short
Extended APT-USD	+0.0104%	1h	0.7933	−0.157%	$85K	$464K	25x	as long as short
Aevo APT-PERP	+0.0104%	1h	0.7940	−0.069%	$25K	—	3x	as long as short
GMX APT/USD [ETH-USDC]	L +0.0190% / S −0.0143%	1h	0.7936	−0.111%	$17K	—	100x	as long as short
Hyperliquid APT	+0.0195%	1h	0.7946	+0.012%	$6.1M	$5.4M	10x	as long as short
BloFin APT-USDT	+0.0220%	8h	0.7938	−0.089%	$1.5M	$806K	75x	as long as short
Coinbase International APT-PERP-INTX	+0.0240%	1h	0.7962	+0.213%	$211K	$571K	50x	as long as short
Reya APTRUSDPERP	+0.0470%	1h	0.7935	−0.125%	$3K	—	20x	as long as short
dYdX APT-USD	+0.1462%	1h	0.7936	−0.113%	$56K	$6K	10x	as long as short