Funding arb · Price arb /

APT

all APT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0220%/8h= +24.1% APRpaid last 24h +0.058%

Price spread now: Coinbase International against SunX+0.116%7-day average +0.280% · you sell dearer than you buy

Net, funding: paid 7d − costs−$340as in the Funding arb table

Net, price: spread back to 7d avg − costs−$388as in the Price arb table

costs, in and out, $10k−$3723.719% of the position

Long on SunX Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.324%+$32 on $10k

Price spread, last 4 days (all we have)+0.172%+$17 · spread now +0.116%, 7d avg +0.280%

Together, before fees+0.496%+$50 on $10k · with fees, hour by hour

Funding pays, the price is against you. Coinbase International is 0.163% cheaper against SunX than usual: you would sell low and buy high (spread +0.116% now, against its 7-day average of +0.280%). If the spread goes back, that is −$16 on $10k: about 2.5 days of funding at the current rate (+$7 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX APT-USDT	0.7732	0.0100	pay 0.0100% / 8h	5h 33m	$6K	$1.5M	20x
Short	Coinbase International APT-PERP-INTX	0.7741	0.0320	get 0.0040% / 1h	33m 15s	$203K	$531K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against SunX. 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 SunXbpFee Coinbase InternationalbpOrdersPrice spread, now +0.116%Rate

Funding earned: $46.2
Price spread: +0.116% → +0.280%: −$16.32
Slippage, 4 orders: −$353.94
Fee SunX: 4 bp × 2 orders: −$8
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$342.06
Costs to cover: 3.719%
Break-even: 58.8 days

Slippage from SunX: live order book, 12 min ago; Coinbase International: live order book, 30 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 SunX live order book, 12 min ago	65.77 bp	135.8 bp −$136	doesn't fit	doesn't fit	doesn't fit
Sell Coinbase International live order book, 30 min ago	8.42 bp	34.7 bp −$35	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
gTrade (Gains Network) APT/USD	L −0.0004% / S +0.0005%	1h	0.7742	+0.128%	$21K	—	150x	as long as short
Orderly PERP_APT_USDC	+0.0008%	8h	0.7741	+0.116%	$10K	$7K	10x	as long as short
Variational Omni APT	+0.0032%	8h	0.7718	−0.181%	$520K	$330K	—	as long as short
Injective APT/USDC PERP	+0.0033%	1h	0.7780	+0.621%	$2K	$240K	12x	as long as short
Lighter APT	+0.0096%	1h	0.7747	+0.194%	$417K	$413K	10x	as long as short
Hyperliquid APT	+0.0100%	1h	0.7748	+0.207%	$5.4M	$6.1M	10x	as long as short
Aster APTUSDT	+0.0100%	8h	0.7739	+0.091%	$101K	$940K	20x	as long as short
Binance APTUSDT	+0.0100%	8h	0.7750	+0.227%	$28.5M	$104.8M	75x	as long as short
Bybit APTUSDT	+0.0100%	8h	0.7746	+0.181%	$28.0M	$37.9M	50x	as long as short
OKX APT-USDT-SWAP	+0.0100%	8h	0.7750	+0.233%	$5.8M	$24.6M	50x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate APT_USDT	+0.0100%	8h	0.7739	+0.091%	$2.6M	$4.8M	75x	as long as short
MEXC APT_USDT	+0.0100%	8h	0.7750	+0.233%	$29.3M	$15.3M	200x	as long as short
KuCoin APTUSDTM	+0.0100%	8h	0.7746	+0.181%	$5.2M	$12.2M	50x	as long as short
Bitget APTUSDT	+0.0100%	8h	0.7750	+0.233%	$8.6M	$12.5M	75x	as long as short
BingX APT-USDT	+0.0100%	8h	0.7745	+0.168%	—	$26.0M	—	as long as short
Backpack APT_USDC_PERP	+0.0100%	1h	0.7756	+0.310%	$195K	$373K	20x	as long as short
ApeX Omni APTUSDT	+0.0100%	1h	0.7730	−0.026%	$63K	$579K	50x	as long as short
SunX APT-USDTlong	+0.0100%	8h	0.7732	long leg	$6K	$1.5M	20x
SoDEX APT-USD	+0.0100%	1h	0.7747	+0.194%	$54	$6K	5x	as long as short
HTX APT-USDT	+0.0100%	8h	0.7722	−0.129%	$261K	$117K	50x	as long as short
Extended APT-USD	+0.0104%	1h	0.7742	+0.127%	$79K	$487K	25x	as long as short
Aevo APT-PERP	+0.0104%	1h	0.7745	+0.169%	$28K	$5K	3x	as long as short
GMX APT/USD [ETH-USDC]	L +0.0189% / S −0.0143%	1h	0.7742	+0.134%	$17K	—	100x	as long as short
BloFin APT-USDT	+0.0220%	8h	0.7752	+0.259%	$1.4M	$956K	75x	as long as short
Kraken Futures PF_APTUSD	+0.0256%	1h	0.7747	+0.200%	$531K	$626K	50x	as long as short
Coinbase International APT-PERP-INTXshort	+0.0320%	1h	0.7741	+0.116%	$203K	$531K	50x
Deribit APT_USDC-PERPETUAL	+0.0396%	1h	0.7749	+0.220%	$17K	$428K	50x	as long as short
Reya APTRUSDPERP	+0.0481%	1h	0.7742	+0.129%	$3K	—	20x	as long as short
dYdX APT-USD	+0.1127%	1h	0.7735	+0.045%	$54K	$6K	10x	as long as short
01 Exchange APTUSD	+0.4248%	1h	0.7817	+1.099%	$2K	—	5x	as long as short