Funding you earn now, next payment 23:00 UTC−0.0140%/8h= −15.3% APRpaid last 24h −0.067%
Price spread now: Binance against Coinbase International+0.042%7-day average −0.151% · you sell dearer than you buy
Net, funding: paid 7d − costs−$106as in the Funding arb table
Net, price: spread back to 7d avg − costs−$43as in the Price arb table
costs, in and out, $10k−$620.623% of the position
Funding, last 7 days−0.434%−$43 on $10k
+Price spread, last 3 days (all we have)−1.029%−$103 · spread now +0.042%, 7d avg −0.151%
=The price spread pays, funding is against you. Binance is 0.193% dearer against Coinbase International than usual: you sell high and buy low (spread +0.042% now, against its 7-day average of −0.151%): +$19 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 4.6 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International APT-PERP-INTX | 0.7940 | 0.0240 | pay 0.0030% / 1h | 50m 45s | $210K | $570K | 50x |
| Short | Binance APTUSDT | 0.7943 | 0.0100 | get 0.0100% / 8h | 50m 45s | $29.5M | $98.6M | 75x |
Coinbase International APT-PERP-INTX
Binance APTUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance 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
- −$29.4
- Price spread: +0.042% → −0.151%
- $19.32
- Slippage, 4 orders
- −$42.27
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$72.35
- Costs to cover
- 0.623%
- Break-even
- never at this rate
Slippage from Coinbase International: live order book, 27 min ago; Binance: live order book, 7 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, 27 min ago | 9.56 bp | 20.7 bp −$21 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 7 min ago | 0.63 bp | 8.9 bp −$9 | 20.4 bp −$204 | 77.7 bp −$7,769 | 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 | −0.0400% | 1h | 0.7954 | +0.171% | $551K | $639K | 50x | as long as short |
| 01 Exchange APTUSD | −0.0288% | 1h | 0.7939 | −0.013% | $2K | — | 5x | as long as short |
| Variational Omni APT | −0.0061% | 8h | 0.7890 | −0.624% | $618K | $214K | — | as long as short |
| Orderly PERP_APT_USDC | −0.0014% | 8h | 0.7946 | +0.076% | $10K | $8K | 10x | as long as short |
| gTrade (Gains Network) APT/USD | L −0.0004% / S +0.0005% | 1h | 0.7948 | +0.095% | $21K | — | 150x | as long as short |
| Deribit APT_USDC-PERPETUAL | −0.0002% | 1h | 0.7945 | +0.063% | $14K | $421K | 50x | as long as short |
| Injective APT/USDC PERP | +0.0033% | 1h | 0.7780 | −2.015% | $2K | $241K | 12x | as long as short |
| Lighter APT | +0.0096% | 1h | 0.7943 | +0.038% | $434K | $353K | 10x | as long as short |
| Hyperliquid APT | +0.0100% | 1h | 0.7955 | +0.189% | $6.1M | $5.4M | 10x | as long as short |
| Aster APTUSDT | +0.0100% | 8h | 0.7944 | +0.049% | $309K | $465K | 20x | as long as short |
Kraken Futures PF_APTUSD
01 Exchange APTUSD
Variational Omni APT
Orderly PERP_APT_USDC
gTrade (Gains Network) APT/USD
Deribit APT_USDC-PERPETUAL
Injective APT/USDC PERP
Lighter APT
Hyperliquid APT
Aster APTUSDTShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance APTUSDTshort | +0.0100% | 8h | 0.7943 | +0.042% | $29.5M | $98.6M | 75x | |
| Bybit APTUSDT | +0.0100% | 8h | 0.7949 | +0.113% | $29.7M | $36.3M | 50x | as long as short |
| OKX APT-USDT-SWAP | +0.0100% | 8h | 0.7951 | +0.139% | $6.2M | $24.2M | 50x | as long as short |
| Gate APT_USDT | +0.0100% | 8h | 0.7945 | +0.063% | $2.8M | $4.7M | 75x | as long as short |
| MEXC APT_USDT | +0.0100% | 8h | 0.7953 | +0.164% | $28.8M | $14.6M | 200x | as long as short |
| KuCoin APTUSDTM | +0.0100% | 8h | 0.7948 | +0.101% | $5.6M | $12.2M | 50x | as long as short |
| Bitget APTUSDT | +0.0100% | 8h | 0.7951 | +0.139% | $9.0M | $12.6M | 75x | as long as short |
| BingX APT-USDT | +0.0100% | 8h | 0.7952 | +0.151% | — | $25.2M | — | as long as short |
| Backpack APT_USDC_PERP | +0.0100% | 1h | 0.7946 | +0.076% | $200K | $370K | 20x | as long as short |
| ApeX Omni APTUSDT | +0.0100% | 1h | 0.7950 | +0.126% | $66K | $569K | 50x | as long as short |
| SunX APT-USDT | +0.0100% | 8h | 0.7935 | −0.063% | $6K | $1.4M | 20x | as long as short |
| SoDEX APT-USD | +0.0100% | 1h | 0.7945 | +0.063% | $78 | $6K | 5x | as long as short |
| HTX APT-USDT | +0.0100% | 8h | 0.7947 | +0.088% | $268K | $139K | 50x | as long as short |
| Extended APT-USD | +0.0104% | 1h | 0.7949 | +0.116% | $85K | $464K | 25x | as long as short |
| Aevo APT-PERP | +0.0104% | 1h | 0.7947 | +0.086% | $25K | — | 3x | as long as short |
| GMX APT/USD [ETH-USDC] | L +0.0190% / S −0.0143% | 1h | 0.7939 | −0.010% | $17K | — | 100x | as long as short |
| BloFin APT-USDT | +0.0220% | 8h | 0.7953 | +0.164% | $1.5M | $808K | 75x | as long as short |
| Coinbase International APT-PERP-INTXlong | +0.0240% | 1h | 0.7940 | long leg | $210K | $570K | 50x | |
| Reya APTRUSDPERP | +0.0469% | 1h | 0.7942 | +0.030% | $3K | — | 20x | as long as short |
| dYdX APT-USD | +0.1303% | 1h | 0.7945 | +0.059% | $56K | $5K | 10x | as long as short |
Bybit APTUSDT
OKX APT-USDT-SWAP
Gate APT_USDT
MEXC APT_USDT
KuCoin APTUSDTM
Bitget APTUSDT
BingX APT-USDT
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
Reya APTRUSDPERP
dYdX APT-USD