Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.028%
Price spread now: Bybit against Backpack−0.163%45s7-day average −0.103% · you buy dearer than you sell
Net, funding: paid 7d − costs−$54as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$380.377% of the position
Funding, last 7 days−0.168%−$17 on $10k
+Price spread, last 4 days (all we have)+0.210%+$21 · spread now −0.163%, 7d avg −0.103%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.060% cheaper against Backpack than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of −0.103%. The two prices were read 45 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack APT_USDC_PERP | 0.7997 | 0.0100 | pay 0.0013% / 1h | 31m 23s | $203K | $368K | 20x |
| Short | Bybit APTUSDT | 0.7984 | 0.0100 | get 0.0100% / 8h | 31m 23s | $29.6M | $36.6M | 50x |
Backpack APT_USDC_PERP
Bybit APTUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Backpack. 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
- $0
- Price spread: −0.163% → −0.103%
- −$5.98
- Slippage, 4 orders
- −$16.66
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$43.64
- Costs to cover
- 0.377%
- Break-even
- never at this rate
Slippage from Backpack: live order book, 47 min ago; Bybit: live order book, 2 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 Backpack live order book, 47 min ago | 0.64 bp | 8.6 bp −$9 | 29.2 bp −$292 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 2 min ago | 0.63 bp | 10.0 bp −$10 | 22.3 bp −$223 | 74.4 bp −$7,438 | 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 | −0.0398% | 1h | 0.7993 | −0.044% | $554K | $637K | 50x | as long as short |
| Variational Omni APT | −0.0036% | 8h | 0.7978 | −0.243% | $520K | $320K | — | as long as short |
| Orderly PERP_APT_USDC | −0.0009% | 8h | 0.7987 | −0.125% | $10K | $7K | 10x | as long as short |
| gTrade (Gains Network) APT/USD | L −0.0004% / S +0.0005% | 1h | 0.7988 | −0.116% | $22K | — | 150x | as long as short |
| Deribit APT_USDC-PERPETUAL | 0.0000% | 1h | 0.7990 | −0.088% | $14K | $415K | 50x | as long as short |
| Injective APT/USDC PERP | +0.0033% | 1h | 0.7780 | −2.714% | $2K | $241K | 12x | as long as short |
| Lighter APT | +0.0096% | 1h | 0.7984 | −0.163% | $437K | $353K | 10x | as long as short |
| Aster APTUSDT | +0.0100% | 8h | 0.7990 | −0.090% | $311K | $472K | 20x | as long as short |
| Binance APTUSDT | +0.0100% | 8h | 0.7989 | −0.100% | $29.8M | $99.2M | 75x | as long as short |
| Bybit APTUSDTshort | +0.0100% | 8h | 0.7984 | −0.163% | $29.6M | $36.6M | 50x |
Kraken Futures PF_APTUSD
Variational Omni APT
Orderly PERP_APT_USDC
gTrade (Gains Network) APT/USD
Deribit APT_USDC-PERPETUAL
Injective APT/USDC PERP
Lighter APT
Aster APTUSDT
Binance 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 | 0.7986 | −0.138% | $6.3M | $24.5M | 50x | as long as short |
| Gate APT_USDT | +0.0100% | 8h | 0.7985 | −0.150% | $2.8M | $4.7M | 75x | as long as short |
| MEXC APT_USDT | +0.0100% | 8h | 0.7982 | −0.188% | $29.1M | $14.8M | 200x | as long as short |
| KuCoin APTUSDTM | +0.0100% | 8h | 0.7987 | −0.125% | $5.6M | $12.2M | 50x | as long as short |
| Bitget APTUSDT | +0.0100% | 8h | 0.7986 | −0.138% | $9.0M | $12.6M | 75x | as long as short |
| BingX APT-USDC | +0.0100% | 8h | 0.7986 | −0.138% | — | $6.5M | — | as long as short |
| Backpack APT_USDC_PERPlong | +0.0100% | 1h | 0.7997 | long leg | $203K | $368K | 20x | |
| ApeX Omni APTUSDT | +0.0100% | 1h | 0.8000 | +0.038% | $67K | $569K | 50x | as long as short |
| SunX APT-USDT | +0.0100% | 8h | 0.7973 | −0.300% | $6K | $1.5M | 20x | as long as short |
| SoDEX APT-USD | +0.0100% | 1h | 0.7987 | −0.125% | $61 | $6K | 5x | as long as short |
| HTX APT-USDT | +0.0100% | 8h | 0.7982 | −0.188% | $269K | $139K | 50x | as long as short |
| Extended APT-USD | +0.0104% | 1h | 0.7983 | −0.180% | $85K | $464K | 25x | as long as short |
| Aevo APT-PERP | +0.0104% | 1h | 0.7987 | −0.120% | $25K | — | 3x | as long as short |
| Hyperliquid APT | +0.0186% | 1h | 0.7991 | −0.075% | $6.1M | $5.4M | 10x | as long as short |
| GMX APT/USD [ETH-USDC] | L +0.0191% / S −0.0143% | 1h | 0.7985 | −0.155% | $17K | — | 100x | as long as short |
| BloFin APT-USDT | +0.0220% | 8h | 0.7990 | −0.088% | $1.5M | $826K | 75x | as long as short |
| Coinbase International APT-PERP-INTX | +0.0240% | 1h | 0.8009 | +0.150% | $213K | $575K | 50x | as long as short |
| Reya APTRUSDPERP | +0.0470% | 1h | 0.7980 | −0.210% | $3K | — | 20x | as long as short |
| 01 Exchange APTUSD | +0.0640% | 1h | 0.8141 | +1.801% | $2K | — | 5x | as long as short |
| dYdX APT-USD | +0.1163% | 1h | 0.7990 | −0.088% | $56K | $6K | 10x | as long as short |
OKX APT-USDT-SWAP
Gate APT_USDT
MEXC APT_USDT
KuCoin APTUSDTM
Bitget APTUSDT
BingX APT-USDC
ApeX Omni APTUSDT
SunX APT-USDT
SoDEX APT-USD
HTX APT-USDT
Extended APT-USD
Aevo APT-PERP
Hyperliquid APT
GMX APT/USD [ETH-USDC]
BloFin APT-USDT
Coinbase International APT-PERP-INTX
Reya APTRUSDPERP
01 Exchange APTUSD
dYdX APT-USD