Funding arb · Price arb /

APT

all APT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC−0.0060%/8h= −6.6% APRpaid last 24h −0.034%

Price spread now: BloFin against Coinbase International−0.192%58s7-day average −0.087% · you buy dearer than you sell

Net, funding: paid 7d − costs−$119as 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−$1011.012% of the position

Long on Coinbase International Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.180%−$18 on $10k

Price spread, last 3 days (all we have)+0.089%+$9 · spread now −0.192%, 7d avg −0.087%

Together, before fees−0.091%−$9 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and BloFin is 0.104% cheaper against Coinbase International than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of −0.087%). Swap the legs. The two prices were read 58 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	Coinbase International APT-PERP-INTX	0.7828	0.0280	pay 0.0035% / 1h	9m 34s	$211K	$546K	50x
Short	BloFin APT-USDT	0.7813	0.0220	get 0.0220% / 8h	2h 09m	$1.5M	$775K	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee Coinbase InternationalbpFee BloFinbpOrdersPrice spread, now −0.192%Rate

Funding earned: −$12.6
Price spread: −0.192% → −0.087%: −$10.42
Slippage, 4 orders: −$79.16
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$124.19
Costs to cover: 1.012%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 14 min ago; BloFin: live order book, 8 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, 14 min ago	12.13 bp	37.9 bp −$38	doesn't fit	doesn't fit	doesn't fit
Sell BloFin live order book, 8 min ago	0.64 bp	10.2 bp −$10	17.1 bp −$171	52.5 bp −$5,249	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	−0.0472%	1h	0.7794	−0.434%	$2K	—	5x	as long as short
Kraken Futures PF_APTUSD	−0.0362%	1h	0.7813	−0.187%	$536K	$617K	50x	as long as short
Deribit APT_USDC-PERPETUAL	−0.0134%	1h	0.7814	−0.179%	$7K	$382K	50x	as long as short
Variational Omni APT	−0.0095%	8h	0.7802	−0.328%	$611K	$224K	—	as long as short
Orderly PERP_APT_USDC	−0.0018%	8h	0.7815	−0.166%	$10K	$7K	10x	as long as short
Injective APT/USDC PERP	−0.0016%	1h	0.7780	−0.613%	$2K	$200K	12x	as long as short
gTrade (Gains Network) APT/USD	L −0.0004% / S +0.0005%	1h	0.7820	−0.100%	$22K	—	150x	as long as short
Lighter APT	+0.0096%	1h	0.7801	−0.345%	$428K	$351K	10x	as long as short
Hyperliquid APT	+0.0100%	1h	0.7807	−0.268%	$5.9M	$5.1M	10x	as long as short
Aster APTUSDT	+0.0100%	8h	0.7809	−0.243%	$308K	$454K	20x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance APTUSDT	+0.0100%	8h	0.7800	−0.358%	$28.8M	$96.5M	75x	as long as short
Bybit APTUSDT	+0.0100%	8h	0.7794	−0.434%	$29.0M	$35.4M	50x	as long as short
OKX APT-USDT-SWAP	+0.0100%	8h	0.7800	−0.358%	$6.2M	$23.2M	50x	as long as short
Gate APT_USDT	+0.0100%	8h	0.7799	−0.370%	$2.7M	$4.7M	75x	as long as short
MEXC APT_USDT	+0.0100%	8h	0.7799	−0.370%	$27.9M	$14.6M	200x	as long as short
KuCoin APTUSDTM	+0.0100%	8h	0.7799	−0.370%	$5.5M	$12.1M	50x	as long as short
Bitget APTUSDT	+0.0100%	8h	0.7797	−0.396%	$9.0M	$12.2M	75x	as long as short
BingX APT-USDC	+0.0100%	8h	0.7799	−0.370%	—	$6.5M	—	as long as short
Backpack APT_USDC_PERP	+0.0100%	1h	0.7807	−0.268%	$198K	$359K	20x	as long as short
ApeX Omni APTUSDT	+0.0100%	1h	0.7800	−0.358%	$65K	$570K	50x	as long as short
SunX APT-USDT	+0.0100%	8h	0.7801	−0.345%	$6K	$1.4M	20x	as long as short
SoDEX APT-USD	+0.0100%	1h	0.7812	−0.204%	$55	$6K	5x	as long as short
HTX APT-USDT	+0.0100%	8h	0.7792	−0.460%	$263K	$137K	50x	as long as short
Extended APT-USD	+0.0104%	1h	0.7798	−0.388%	$83K	$479K	25x	as long as short
Aevo APT-PERP	+0.0104%	1h	0.7815	−0.171%	$24K	—	3x	as long as short
GMX APT/USD [ETH-USDC]	L +0.0189% / S −0.0143%	1h	0.7814	−0.174%	$17K	—	100x	as long as short
BloFin APT-USDTshort	+0.0220%	8h	0.7813	−0.192%	$1.5M	$775K	75x
Coinbase International APT-PERP-INTXlong	+0.0280%	1h	0.7828	long leg	$211K	$546K	50x
Reya APTRUSDPERP	+0.0465%	1h	0.7800	−0.357%	$3K	—	20x	as long as short
dYdX APT-USD	+0.0761%	1h	0.7806	−0.285%	$55K	$5K	10x	as long as short