Funding you earn now, next payment 05:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h −0.261%
Price spread now: Injective against BingX+1.078%102s7-day average −0.259% · you sell dearer than you buy
Net, funding: paid 7d − costs−$177as 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−$1361.360% of the position
Funding, last 7 days−0.408%−$41 on $10k
+Price spread, last 4 days (all we have)+1.957%+$196 · spread now +1.078%, 7d avg −0.259%
=The price spread pays, funding is against you. Injective is 1.337% dearer against BingX than usual: you sell high and buy low (spread +1.078% now, against its 7-day average of −0.259%): +$134 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 2 months. At the pace of the last 7 days (−0.408% in total) that is about 23 days. The two prices were read 102 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 | BingX APT-USDC | 0.7697 | 0.0100 | pay 0.0100% / 8h | 3h 57m | — | $6.5M | — |
| Short | Injective APT/USDC PERP | 0.7780 | 0.0033 | get 0.0004% / 1h | 57m 46s | $2K | $240K | 12x |
BingX APT-USDC
Injective APT/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against BingX. 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
- −$14
- Price spread: +1.078% → −0.259%
- $133.7
- Slippage, 4 orders
- −$125.94
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$16.26
- Costs to cover
- 1.360%
- Break-even
- never at this rate
Slippage from BingX: live order book, 3 min ago; Injective: live order book, 61 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 BingX live order book, 3 min ago | 1.30 bp | 15.5 bp −$16 | 35.2 bp −$352 | 237.0 bp −$23.7K | 657.8 bp −$328.9K |
| Sell Injective live order book, 61 min ago | 52.02 bp | 52.0 bp −$52 | 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 | 0.7692 | −0.064% | $21K | — | 150x | as long as short |
| Deribit APT_USDC-PERPETUAL | 0.0000% | 1h | 0.7692 | −0.065% | $8K | $497K | 50x | as long as short |
| Orderly PERP_APT_USDC | +0.0017% | 8h | 0.7691 | −0.078% | $10K | $7K | 10x | as long as short |
| Variational Omni APT | +0.0029% | 8h | 0.7693 | −0.050% | $513K | $415K | — | as long as short |
| Injective APT/USDC PERPshort | +0.0033% | 1h | 0.7780 | +1.078% | $2K | $240K | 12x | |
| Lighter APT | +0.0096% | 1h | 0.7701 | +0.052% | $410K | $421K | 10x | as long as short |
| Hyperliquid APT | +0.0100% | 1h | 0.7709 | +0.156% | $5.3M | $6.1M | 10x | as long as short |
| Aster APTUSDT | +0.0100% | 8h | 0.7699 | +0.031% | $97K | $961K | 20x | as long as short |
| Binance APTUSDT | +0.0100% | 8h | 0.7700 | +0.033% | $28.1M | $106.6M | 75x | as long as short |
| Bybit APTUSDT | +0.0100% | 8h | 0.7694 | −0.039% | $27.3M | $39.6M | 50x | as long as short |
gTrade (Gains Network) APT/USD
Deribit APT_USDC-PERPETUAL
Orderly PERP_APT_USDC
Variational Omni APT
Lighter APT
Hyperliquid APT
Aster APTUSDT
Binance 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 | 0.7695 | −0.026% | $5.7M | $24.9M | 50x | as long as short |
| Gate APT_USDT | +0.0100% | 8h | 0.7700 | +0.039% | $2.6M | $4.9M | 75x | as long as short |
| MEXC APT_USDT | +0.0100% | 8h | 0.7700 | +0.039% | $28.9M | $14.9M | 200x | as long as short |
| KuCoin APTUSDTM | +0.0100% | 8h | 0.7703 | +0.078% | $5.1M | $12.4M | 50x | as long as short |
| Bitget APTUSDT | +0.0100% | 8h | 0.7699 | +0.026% | $8.5M | $12.8M | 75x | as long as short |
| BingX APT-USDClong | +0.0100% | 8h | 0.7697 | long leg | — | $6.5M | — | |
| Backpack APT_USDC_PERP | +0.0100% | 1h | 0.7702 | +0.065% | $190K | $378K | 20x | as long as short |
| ApeX Omni APTUSDT | +0.0100% | 1h | 0.7680 | −0.221% | $61K | $578K | 50x | as long as short |
| SunX APT-USDT | +0.0100% | 8h | 0.7678 | −0.247% | $6K | $1.5M | 20x | as long as short |
| SoDEX APT-USD | +0.0100% | 1h | 0.7694 | −0.039% | $71 | $6K | 5x | as long as short |
| HTX APT-USDT | +0.0100% | 8h | 0.7693 | −0.052% | $260K | $115K | 50x | as long as short |
| Extended APT-USD | +0.0104% | 1h | 0.7695 | −0.021% | $82K | $426K | 25x | as long as short |
| Aevo APT-PERP | +0.0104% | 1h | 0.7690 | −0.096% | $28K | $5K | 3x | as long as short |
| GMX APT/USD [ETH-USDC] | L +0.0136% / S −0.0090% | 1h | 0.7692 | −0.065% | $16K | — | 100x | as long as short |
| dYdX APT-USD | +0.0189% | 1h | 0.7704 | +0.085% | $54K | $6K | 10x | as long as short |
| BloFin APT-USDT | +0.0220% | 8h | 0.7688 | −0.117% | $1.4M | $959K | 75x | as long as short |
| Kraken Futures PF_APTUSD | +0.0249% | 1h | 0.7695 | −0.028% | $534K | $640K | 50x | as long as short |
| Coinbase International APT-PERP-INTX | +0.0312% | 1h | 0.7708 | +0.143% | $222K | $460K | 50x | as long as short |
| Reya APTRUSDPERP | +0.0487% | 1h | 0.7684 | −0.171% | $3K | — | 20x | as long as short |
| 01 Exchange APTUSD | +0.4128% | 1h | 0.7783 | +1.117% | $2K | — | 5x | as long as short |
OKX APT-USDT-SWAP
Gate APT_USDT
MEXC APT_USDT
KuCoin APTUSDTM
Bitget APTUSDT
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]
dYdX APT-USD
BloFin APT-USDT
Kraken Futures PF_APTUSD
Coinbase International APT-PERP-INTX
Reya APTRUSDPERP
01 Exchange APTUSD