Funding you earn now, next payment 01:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.056%
Price spread now: Deribit against Binance+0.203%7-day average +0.033% · you sell dearer than you buy
Net, funding: paid 7d − costs−$58as in the Funding arb table
Net, price: spread back to 7d avg − costs−$28as in the Price arb table
costs, in and out, $10k−$450.445% of the position
Funding, last 7 days−0.136%−$14 on $10k
+Price spread, last 3 days (all we have)+0.421%+$42 · spread now +0.203%, 7d avg +0.033%
=The price spread pays, funding is against you. Deribit is 0.170% dearer against Binance than usual: you sell high and buy low (spread +0.203% now, against its 7-day average of +0.033%): +$17 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 5.7 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance APTUSDT | 0.7924 | 0.0100 | pay 0.0100% / 8h | 7h 08m | $30.0M | $103.4M | 75x |
| Short | Deribit APT_USDC-PERPETUAL | 0.7940 | 0 | get 0.0000% / 1h | 8m 39s | $13K | $418K | 50x |
Binance APTUSDT
Deribit APT_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against Binance. 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
- −$21
- Price spread: +0.203% → +0.033%
- $16.99
- Slippage, 4 orders
- −$27.54
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$48.55
- Costs to cover
- 0.445%
- Break-even
- never at this rate
Slippage from Binance: live order book, 4 min ago; Deribit: live order book, 65 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 Binance live order book, 4 min ago | 2.52 bp | 12.7 bp −$13 | 21.3 bp −$213 | 80.3 bp −$8,031 | doesn't fit |
| Sell Deribit live order book, 65 min ago | 7.51 bp | 11.0 bp −$11 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni APT | −0.0020% | 8h | 0.7921 | −0.034% | $518K | $322K | — | as long as short |
| Orderly PERP_APT_USDC | −0.0005% | 8h | 0.7938 | +0.178% | $10K | $7K | 10x | as long as short |
| gTrade (Gains Network) APT/USD | L −0.0004% / S +0.0005% | 1h | 0.7938 | +0.181% | $21K | — | 150x | as long as short |
| Deribit APT_USDC-PERPETUALshort | 0.0000% | 1h | 0.7940 | +0.203% | $13K | $418K | 50x | |
| Injective APT/USDC PERP | +0.0033% | 1h | 0.7780 | −1.816% | $2K | $241K | 12x | as long as short |
| Lighter APT | +0.0096% | 1h | 0.7923 | −0.012% | $424K | $406K | 10x | as long as short |
| Hyperliquid APT | +0.0100% | 1h | 0.7937 | +0.165% | $6.2M | $5.7M | 10x | as long as short |
| Aster APTUSDT | +0.0100% | 8h | 0.7941 | +0.215% | $299K | $488K | 20x | as long as short |
| Binance APTUSDTlong | +0.0100% | 8h | 0.7924 | long leg | $30.0M | $103.4M | 75x | |
| Bybit APTUSDT | +0.0100% | 8h | 0.7922 | −0.024% | $29.3M | $37.2M | 50x | as long as short |
Variational Omni APT
Orderly PERP_APT_USDC
gTrade (Gains Network) APT/USD
Injective APT/USDC PERP
Lighter APT
Hyperliquid APT
Aster APTUSDT
Bybit 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 | 0.7918 | −0.075% | $6.1M | $25.0M | 50x | as long as short |
| Gate APT_USDT | +0.0100% | 8h | 0.7932 | +0.102% | $2.7M | $4.9M | 75x | as long as short |
| MEXC APT_USDT | +0.0100% | 8h | 0.7925 | +0.014% | $29.0M | $15.1M | 200x | as long as short |
| KuCoin APTUSDTM | +0.0100% | 8h | 0.7926 | +0.026% | $5.5M | $12.3M | 50x | as long as short |
| Bitget APTUSDT | +0.0100% | 8h | 0.7917 | −0.087% | $9.0M | $12.6M | 75x | as long as short |
| BingX APT-USDC | +0.0100% | 8h | 0.7919 | −0.062% | — | $6.5M | — | as long as short |
| Backpack APT_USDC_PERP | +0.0100% | 1h | 0.7940 | +0.203% | $200K | $378K | 20x | as long as short |
| ApeX Omni APTUSDT | +0.0100% | 1h | 0.7930 | +0.077% | $64K | $574K | 50x | as long as short |
| SunX APT-USDT | +0.0100% | 8h | 0.7926 | +0.026% | $6K | $1.5M | 20x | as long as short |
| SoDEX APT-USD | +0.0100% | 1h | 0.7935 | +0.140% | $55 | $6K | 5x | as long as short |
| HTX APT-USDT | +0.0100% | 8h | 0.7932 | +0.102% | $267K | $128K | 50x | as long as short |
| Extended APT-USD | +0.0104% | 1h | 0.7927 | +0.038% | $85K | $494K | 25x | as long as short |
| Aevo APT-PERP | +0.0104% | 1h | 0.7936 | +0.151% | $29K | $5K | 3x | as long as short |
| GMX APT/USD [ETH-USDC] | L +0.0190% / S −0.0143% | 1h | 0.7942 | +0.233% | $17K | — | 100x | as long as short |
| BloFin APT-USDT | +0.0220% | 8h | 0.7938 | +0.178% | $1.5M | $896K | 75x | as long as short |
| Coinbase International APT-PERP-INTX | +0.0232% | 1h | 0.7938 | +0.178% | $210K | $548K | 50x | as long as short |
| dYdX APT-USD | +0.0237% | 1h | 0.7931 | +0.086% | $56K | $6K | 10x | as long as short |
| Kraken Futures PF_APTUSD | +0.0474% | 1h | 0.7936 | +0.150% | $544K | $640K | 50x | as long as short |
| Reya APTRUSDPERP | +0.0475% | 1h | 0.7939 | +0.189% | $3K | — | 20x | as long as short |
| 01 Exchange APTUSD | +0.1176% | 1h | 0.7930 | +0.077% | $2K | — | 5x | as long as short |
OKX APT-USDT-SWAP
Gate APT_USDT
MEXC APT_USDT
KuCoin APTUSDTM
Bitget APTUSDT
BingX APT-USDC
Backpack APT_USDC_PERP
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
dYdX APT-USD
Kraken Futures PF_APTUSD
Reya APTRUSDPERP
01 Exchange APTUSD