Funding arb · Price arb /

APT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0104%/8h= +11.4% APRpaid last 24h +0.026%

Price spread now: KuCoin against gTrade (Gains Network)−0.259%7-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 KuCoin

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. KuCoin is 0.259% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.259% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$26 on $10k: about 8.3 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) APT/USD	0.7799	L −0.0004% / S +0.0005%	get 0.0001% / 1h	0m 53s	$21K	—	150x
Short	KuCoin APTUSDTM	0.7779	0.0100	get 0.0100% / 8h	7h 00m	$5.4M	$12.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.259%Rate

Funding earned: $21.86
Price spread: −0.259% → 0.000%: −$25.9
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$26.04
Costs to cover: 0.220%
Break-even: 15.3 days

Slippage unknown: gTrade (Gains Network): no order-book sample; KuCoin: live order book, 3 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 KuCoin live order book, 3 min ago	1.91 bp	24.8 bp −$25	74.0 bp −$740	doesn't fit	doesn't fit

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
Variational Omni APT	−0.0014%	8h	0.7793	−0.078%	$512K	$324K	—	as long as short
Orderly PERP_APT_USDC	−0.0005%	8h	0.7798	−0.015%	$10K	$7K	10x	as long as short
gTrade (Gains Network) APT/USDlong	L −0.0004% / S +0.0005%	1h	0.7799	long leg	$21K	—	150x
Deribit APT_USDC-PERPETUAL	0.0000%	1h	0.7794	−0.067%	$12K	$418K	50x	as long as short
Injective APT/USDC PERP	+0.0033%	1h	0.7780	−0.246%	$2K	$241K	12x	as long as short
Lighter APT	+0.0096%	1h	0.7783	−0.208%	$417K	$407K	10x	as long as short
Hyperliquid APT	+0.0100%	1h	0.7790	−0.118%	$5.9M	$5.9M	10x	as long as short
Aster APTUSDT	+0.0100%	8h	0.7785	−0.182%	$294K	$583K	20x	as long as short
Binance APTUSDT	+0.0100%	8h	0.7787	−0.160%	$29.3M	$103.8M	75x	as long as short
Bybit APTUSDT	+0.0100%	8h	0.7784	−0.195%	$28.7M	$37.3M	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	0.7785	−0.182%	$5.9M	$24.7M	50x	as long as short
Gate APT_USDT	+0.0100%	8h	0.7786	−0.169%	$2.7M	$4.9M	75x	as long as short
MEXC APT_USDT	+0.0100%	8h	0.7786	−0.169%	$28.2M	$15.2M	200x	as long as short
KuCoin APTUSDTMshort	+0.0100%	8h	0.7779	−0.259%	$5.4M	$12.3M	50x
Bitget APTUSDT	+0.0100%	8h	0.7780	−0.246%	$8.7M	$12.6M	75x	as long as short
BingX APT-USDT	+0.0100%	8h	0.7784	−0.195%	—	$25.6M	—	as long as short
Backpack APT_USDC_PERP	+0.0100%	1h	0.7790	−0.118%	$195K	$380K	20x	as long as short
ApeX Omni APTUSDT	+0.0100%	1h	0.7860	+0.780%	$64K	$575K	50x	as long as short
SunX APT-USDT	+0.0100%	8h	0.7773	−0.336%	$6K	$1.5M	20x	as long as short
SoDEX APT-USD	+0.0100%	1h	0.7785	−0.182%	$55	$6K	5x	as long as short
HTX APT-USDT	+0.0100%	8h	0.7788	−0.144%	$262K	$127K	50x	as long as short
Extended APT-USD	+0.0104%	1h	0.7781	−0.237%	$84K	$489K	25x	as long as short
Aevo APT-PERP	+0.0104%	1h	0.7784	−0.196%	$29K	$5K	3x	as long as short
GMX APT/USD [ETH-USDC]	L +0.0190% / S −0.0143%	1h	0.7799	−0.008%	$17K	—	100x	as long as short
BloFin APT-USDT	+0.0220%	8h	0.7790	−0.118%	$1.5M	$952K	75x	as long as short
Coinbase International APT-PERP-INTX	+0.0232%	1h	0.7818	+0.241%	$206K	$539K	50x	as long as short
dYdX APT-USD	+0.0266%	1h	0.7817	+0.224%	$55K	$6K	10x	as long as short
Reya APTRUSDPERP	+0.0476%	1h	0.7805	+0.072%	$3K	—	20x	as long as short
Kraken Futures PF_APTUSD	+0.0483%	1h	0.7788	−0.139%	$533K	$639K	50x	as long as short
01 Exchange APTUSD	+0.1152%	1h	0.7863	+0.818%	$2K	—	5x	as long as short