Funding you earn now, next payment 01:00 UTC−0.0172%/8h= −18.8% APRnext payment −$0.21 per $10,000 · paid last 24h −0.059%
Price spread now: Backpack against Coinbase International−0.346%7-day average −0.123% · you buy dearer than you sell
Net, funding: paid 7d − costs−$132as in the Funding arb table
Net, price: spread back to 7d avg − costs−$128as in the Price arb table
costs, in and out, $10k−$1061.058% of the position
Funding, last 7 days−0.263%−$26 on $10k
+Price spread, last 3 days (all we have)−0.312%−$31 · spread now −0.346%, 7d avg −0.123%
=Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Backpack is 0.223% cheaper against Coinbase International than usual: you would sell low and buy high (−$22 if the spread goes back to its 7-day average of −0.123%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International APT-PERP-INTX | 0.7809 | 0.0272 | pay 0.0034% / 1h | 29m 07s | $205K | $538K | 50x |
| Short | Backpack APT_USDC_PERP | 0.7782 | 0.0100 | get 0.0013% / 1h | 29m 07s | $193K | $392K | 20x |
Coinbase International APT-PERP-INTX
Backpack APT_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against Coinbase International. 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
- −$36.12
- Price spread: −0.346% → −0.123%
- −$22.27
- Slippage, 4 orders
- −$85.77
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$164.16
- Costs to cover
- 1.058%
- Break-even
- never at this rate
Slippage from Coinbase International: live order book, 39 min ago; Backpack: live order book, 39 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 Coinbase International live order book, 39 min ago | 11.36 bp | 51.5 bp −$51 | doesn't fit | doesn't fit | doesn't fit |
| Sell Backpack live order book, 39 min ago | 0.63 bp | 7.3 bp −$7 | 27.9 bp −$279 | doesn't fit | doesn't fit |
APT on 29 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 | 0.7782 | −0.345% | $21K | — | 150x | as long as short |
| Deribit APT_USDC-PERPETUAL | 0.0000% | 1h | 0.7777 | −0.410% | $12K | $418K | 50x | as long as short |
| Orderly PERP_APT_USDC | 0.0000% | 8h | 0.7779 | −0.384% | $10K | $7K | 10x | as long as short |
| Variational Omni APT | +0.0003% | 8h | 0.7760 | −0.624% | $507K | $335K | — | as long as short |
| Injective APT/USDC PERP | +0.0033% | 1h | 0.7780 | −0.371% | $2K | $240K | 12x | as long as short |
| dYdX APT-USD | +0.0047% | 1h | 0.7799 | −0.132% | $55K | $6K | 10x | as long as short |
| Lighter APT | +0.0096% | 1h | 0.7772 | −0.474% | $416K | $407K | 10x | as long as short |
| Hyperliquid APT | +0.0100% | 1h | 0.7785 | −0.307% | $5.6M | $6.1M | 10x | as long as short |
| Aster APTUSDT | +0.0100% | 8h | 0.7782 | −0.344% | $118K | $938K | 20x | as long as short |
| Binance APTUSDT | +0.0100% | 8h | 0.7782 | −0.346% | $28.8M | $106.4M | 75x | as long as short |
gTrade (Gains Network) APT/USD
Deribit APT_USDC-PERPETUAL
Orderly PERP_APT_USDC
Variational Omni APT
Injective APT/USDC PERP
dYdX APT-USD
Lighter APT
Hyperliquid APT
Aster APTUSDT
Binance APTUSDTShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit APTUSDT | +0.0100% | 8h | 0.7776 | −0.423% | $28.2M | $38.1M | 50x | as long as short |
| OKX APT-USDT-SWAP | +0.0100% | 8h | 0.7777 | −0.410% | $5.8M | $25.0M | 50x | as long as short |
| Gate APT_USDT | +0.0100% | 8h | 0.7783 | −0.333% | $2.7M | $4.9M | 75x | as long as short |
| MEXC APT_USDT | +0.0100% | 8h | 0.7779 | −0.384% | $29.6M | $15.4M | 200x | as long as short |
| KuCoin APTUSDTM | +0.0100% | 8h | 0.7781 | −0.359% | $5.4M | $12.2M | 50x | as long as short |
| Bitget APTUSDT | +0.0100% | 8h | 0.7782 | −0.346% | $8.7M | $12.8M | 75x | as long as short |
| BingX APT-USDT | +0.0100% | 8h | 0.7780 | −0.371% | — | $26.0M | — | as long as short |
| Backpack APT_USDC_PERPshort | +0.0100% | 1h | 0.7782 | −0.346% | $193K | $392K | 20x | |
| ApeX Omni APTUSDT | +0.0100% | 1h | 0.7770 | −0.499% | $63K | $574K | 50x | as long as short |
| SunX APT-USDT | +0.0100% | 8h | 0.7771 | −0.487% | $6K | $1.5M | 20x | as long as short |
| SoDEX APT-USD | +0.0100% | 1h | 0.7772 | −0.474% | $54 | $6K | 5x | as long as short |
| HTX APT-USDT | +0.0100% | 8h | 0.7805 | −0.051% | $262K | $126K | 50x | as long as short |
| Extended APT-USD | +0.0104% | 1h | 0.7771 | −0.491% | $84K | $486K | 25x | as long as short |
| Aevo APT-PERP | +0.0104% | 1h | 0.7777 | −0.405% | $29K | $5K | 3x | as long as short |
| Kraken Futures PF_APTUSD | +0.0138% | 1h | 0.7771 | −0.492% | $530K | $643K | 50x | as long as short |
| GMX APT/USD [ETH-USDC] | L +0.0190% / S −0.0143% | 1h | 0.7784 | −0.324% | $17K | — | 100x | as long as short |
| Coinbase International APT-PERP-INTXlong | +0.0272% | 1h | 0.7809 | long leg | $205K | $538K | 50x | |
| Reya APTRUSDPERP | +0.0478% | 1h | 0.7779 | −0.379% | $3K | — | 20x | as long as short |
| 01 Exchange APTUSD | +0.2536% | 1h | 0.7809 | 0.000% | $2K | — | 5x | as long as short |
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
Kraken Futures PF_APTUSD
GMX APT/USD [ETH-USDC]
Reya APTRUSDPERP
01 Exchange APTUSD