Funding arb · Price arb /

APT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0104%/8h= +11.4% APRpaid last 24h +0.030%

Price spread now: BingX against gTrade (Gains Network)−0.065%46s7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on gTrade (Gains Network)Short on BingX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. BingX is 0.065% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.065% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$6 on $10k: about 2.1 days of funding at the current rate (+$3 a day). The two prices were read 46 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	gTrade (Gains Network) APT/USD	0.7697	L −0.0004% / S +0.0005%	get 0.0001% / 1h	24m 36s	$21K	—	150x
Short	BingX APT-USDC	0.7692	0.0100	get 0.0100% / 8h	4h 24m	—	$6.5M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee BingXbpOrdersPrice spread, now −0.065%Rate

Funding earned: $21.84
Price spread: −0.065% → 0.000%: −$6.5
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: −$4.65
Costs to cover: 0.200%
Break-even: 8.5 days

Slippage unknown: gTrade (Gains Network): no order-book sample; BingX: live order book, 10 min ago. Net counts fees only.

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 gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell BingX live order book, 10 min ago	1.31 bp	16.7 bp −$17	38.0 bp −$380	253.2 bp −$25.3K	684.2 bp −$342.1K

gTrade (Gains Network): no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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/USDlong	L −0.0004% / S +0.0005%	1h	0.7697	long leg	$21K	—	150x
Deribit APT_USDC-PERPETUAL	+0.0010%	1h	0.7698	+0.013%	$20K	$464K	50x	as long as short
Orderly PERP_APT_USDC	+0.0017%	8h	0.7697	0.000%	$10K	$7K	10x	as long as short
Injective APT/USDC PERP	+0.0033%	1h	0.7780	+1.078%	$2K	$240K	12x	as long as short
Variational Omni APT	+0.0049%	8h	0.7698	+0.014%	$514K	$415K	—	as long as short
Lighter APT	+0.0096%	1h	0.7693	−0.052%	$410K	$422K	10x	as long as short
Hyperliquid APT	+0.0100%	1h	0.7699	+0.026%	$5.3M	$6.1M	10x	as long as short
Aster APTUSDT	+0.0100%	8h	0.7686	−0.144%	$97K	$961K	20x	as long as short
Binance APTUSDT	+0.0100%	8h	0.7692	−0.061%	$28.2M	$106.8M	75x	as long as short
Bybit APTUSDT	+0.0100%	8h	0.7690	−0.091%	$27.4M	$39.5M	50x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX APT-USDT-SWAP	+0.0100%	8h	0.7690	−0.091%	$5.7M	$24.9M	50x	as long as short
Gate APT_USDT	+0.0100%	8h	0.7694	−0.039%	$2.6M	$4.9M	75x	as long as short
MEXC APT_USDT	+0.0100%	8h	0.7693	−0.052%	$28.9M	$15.3M	200x	as long as short
KuCoin APTUSDTM	+0.0100%	8h	0.7693	−0.052%	$5.1M	$12.3M	50x	as long as short
Bitget APTUSDT	+0.0100%	8h	0.7692	−0.065%	$8.6M	$12.8M	75x	as long as short
BingX APT-USDCshort	+0.0100%	8h	0.7692	−0.065%	—	$6.5M	—
Backpack APT_USDC_PERP	+0.0100%	1h	0.7695	−0.026%	$190K	$380K	20x	as long as short
ApeX Omni APTUSDT	+0.0100%	1h	0.7700	+0.039%	$62K	$581K	50x	as long as short
SunX APT-USDT	+0.0100%	8h	0.7698	+0.013%	$6K	$1.5M	20x	as long as short
SoDEX APT-USD	+0.0100%	1h	0.7695	−0.026%	$71	$6K	5x	as long as short
HTX APT-USDT	+0.0100%	8h	0.7707	+0.130%	$260K	$117K	50x	as long as short
Extended APT-USD	+0.0104%	1h	0.7691	−0.081%	$81K	$486K	25x	as long as short
Aevo APT-PERP	+0.0104%	1h	0.7693	−0.052%	$28K	$5K	3x	as long as short
GMX APT/USD [ETH-USDC]	L +0.0136% / S −0.0090%	1h	0.7693	−0.045%	$16K	—	100x	as long as short
BloFin APT-USDT	+0.0220%	8h	0.7698	+0.013%	$1.4M	$949K	75x	as long as short
Kraken Futures PF_APTUSD	+0.0315%	1h	0.7693	−0.050%	$533K	$641K	50x	as long as short
Coinbase International APT-PERP-INTX	+0.0328%	1h	0.7700	+0.039%	$222K	$460K	50x	as long as short
Reya APTRUSDPERP	+0.0485%	1h	0.7711	+0.188%	$3K	—	20x	as long as short
dYdX APT-USD	+0.0655%	1h	0.7695	−0.032%	$54K	$6K	10x	as long as short
01 Exchange APTUSD	+0.5048%	1h	0.7805	+1.403%	$2K	—	5x	as long as short