Funding you earn now, next payment 23:00 UTC−0.0524%/8h= −57.4% APRnext payment −$0.65 per $10,000 · paid last 24h −0.104%
Price spread now: Kraken Futures against Backpack−0.019%7-day average +0.007% · you buy dearer than you sell
Net, funding: paid 7d − costs−$82as in the Funding arb table
Net, price: spread back to 7d avg − costs−$71as in the Price arb table
costs, in and out, $10k−$690.687% of the position
Funding, last 7 days−0.130%−$13 on $10k
+Price spread, last 3 days (all we have)+1.287%+$129 · spread now −0.019%, 7d avg +0.007%
=Both sides work against this trade now: funding costs −$16 a day on $10k at the current rate, and Kraken Futures is 0.026% cheaper against Backpack than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.007%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.130% in total (about -6.8% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.65 per $10,000. 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 | Backpack APT_USDC_PERP | 0.7836 | 0.0100 | pay 0.0013% / 1h | 31m 26s | $199K | $365K | 20x |
| Short | Kraken Futures PF_APTUSD | 0.7835 | −0.0424 | pay 0.0053% / 1h | 31m 26s | $540K | $633K | 50x |
Backpack APT_USDC_PERP
Kraken Futures PF_APTUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures 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
- −$109.99
- Price spread: −0.019% → +0.007%
- −$2.61
- Slippage, 4 orders
- −$48.72
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$181.32
- Costs to cover
- 0.687%
- Break-even
- never at this rate
Slippage from Backpack: live order book, 52 min ago; Kraken Futures: live order book, 52 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, 52 min ago | 0.64 bp | 7.7 bp −$8 | 30.0 bp −$300 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 52 min ago | 10.86 bp | 28.7 bp −$29 | 86.1 bp −$861 | 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 | |
|---|---|---|---|---|---|---|---|---|
| 01 Exchange APTUSD | −0.0464% | 1h | 0.7831 | −0.064% | $2K | — | 5x | as long as short |
| Kraken Futures PF_APTUSDshort | −0.0424% | 1h | 0.7835 | −0.019% | $540K | $633K | 50x | |
| Deribit APT_USDC-PERPETUAL | −0.0260% | 1h | 0.7834 | −0.026% | $7K | $372K | 50x | as long as short |
| Variational Omni APT | −0.0082% | 8h | 0.7844 | +0.097% | $615K | $224K | — | as long as short |
| Injective APT/USDC PERP | −0.0033% | 1h | 0.7780 | −0.715% | $2K | $241K | 12x | as long as short |
| Orderly PERP_APT_USDC | −0.0023% | 8h | 0.7833 | −0.038% | $10K | $7K | 10x | as long as short |
| gTrade (Gains Network) APT/USD | L −0.0004% / S +0.0005% | 1h | 0.7849 | +0.164% | $22K | — | 150x | as long as short |
| Lighter APT | +0.0096% | 1h | 0.7842 | +0.077% | $430K | $350K | 10x | as long as short |
| Hyperliquid APT | +0.0100% | 1h | 0.7853 | +0.217% | $5.9M | $5.1M | 10x | as long as short |
| Aster APTUSDT | +0.0100% | 8h | 0.7836 | −0.001% | $305K | $464K | 20x | as long as short |
01 Exchange APTUSD
Deribit APT_USDC-PERPETUAL
Variational Omni APT
Injective APT/USDC PERP
Orderly PERP_APT_USDC
gTrade (Gains Network) APT/USD
Lighter APT
Hyperliquid APT
Aster APTUSDTShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance APTUSDT | +0.0100% | 8h | 0.7841 | +0.062% | $28.9M | $97.3M | 75x | as long as short |
| Bybit APTUSDT | +0.0100% | 8h | 0.7843 | +0.089% | $29.2M | $35.3M | 50x | as long as short |
| OKX APT-USDT-SWAP | +0.0100% | 8h | 0.7843 | +0.089% | $6.2M | $23.5M | 50x | as long as short |
| Gate APT_USDT | +0.0100% | 8h | 0.7839 | +0.038% | $2.7M | $4.7M | 75x | as long as short |
| MEXC APT_USDT | +0.0100% | 8h | 0.7849 | +0.166% | $28.0M | $14.5M | 200x | as long as short |
| KuCoin APTUSDTM | +0.0100% | 8h | 0.7844 | +0.102% | $5.6M | $12.1M | 50x | as long as short |
| Bitget APTUSDT | +0.0100% | 8h | 0.7849 | +0.166% | $8.9M | $12.3M | 75x | as long as short |
| BingX APT-USDT | +0.0100% | 8h | 0.7845 | +0.115% | — | $26.2M | — | as long as short |
| Backpack APT_USDC_PERPlong | +0.0100% | 1h | 0.7836 | long leg | $199K | $365K | 20x | |
| ApeX Omni APTUSDT | +0.0100% | 1h | 0.7840 | +0.051% | $65K | $568K | 50x | as long as short |
| SunX APT-USDT | +0.0100% | 8h | 0.7808 | −0.357% | $6K | $1.4M | 20x | as long as short |
| SoDEX APT-USD | +0.0100% | 1h | 0.7831 | −0.064% | $68 | $6K | 5x | as long as short |
| HTX APT-USDT | +0.0100% | 8h | 0.7835 | −0.013% | $264K | $137K | 50x | as long as short |
| Extended APT-USD | +0.0104% | 1h | 0.7839 | +0.037% | $84K | $464K | 25x | as long as short |
| Aevo APT-PERP | +0.0104% | 1h | 0.7830 | −0.077% | $24K | — | 3x | as long as short |
| GMX APT/USD [ETH-USDC] | L +0.0190% / S −0.0143% | 1h | 0.7842 | +0.077% | $17K | — | 100x | as long as short |
| BloFin APT-USDT | +0.0220% | 8h | 0.7832 | −0.051% | $1.5M | $770K | 75x | as long as short |
| Coinbase International APT-PERP-INTX | +0.0288% | 1h | 0.7845 | +0.115% | $208K | $557K | 50x | as long as short |
| Reya APTRUSDPERP | +0.0467% | 1h | 0.7843 | +0.094% | $3K | — | 20x | as long as short |
| dYdX APT-USD | +0.0747% | 1h | 0.7847 | +0.141% | $55K | $5K | 10x | as long as short |
Binance APTUSDT
Bybit APTUSDT
OKX APT-USDT-SWAP
Gate APT_USDT
MEXC APT_USDT
KuCoin APTUSDTM
Bitget APTUSDT
BingX APT-USDT
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
Coinbase International APT-PERP-INTX
Reya APTRUSDPERP
dYdX APT-USD