Funding arb · Price arb /

APT

all APT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0260%/8h= +28.5% APRpaid last 24h +0.065%

Price spread now: Coinbase International against Gate+0.156%7-day average +0.190% · you sell dearer than you buy

Net, funding: paid 7d − costs−$66as in the Funding arb table

Net, price: spread back to 7d avg − costs−$112as in the Price arb table

costs, in and out, $10k−$1091.085% of the position

Long on Gate Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.429%+$43 on $10k

Price spread, last 4 days (all we have)+0.560%+$56 · spread now +0.156%, 7d avg +0.190%

Together, before fees+0.989%+$99 on $10k · with fees, hour by hour

Funding pays, the price is against you. Coinbase International is 0.034% cheaper against Gate than usual: you would sell low and buy high (spread +0.156% now, against its 7-day average of +0.190%). If the spread goes back, that is −$3 on $10k: about 11 hours of funding at the current rate (+$8 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate APT_USDT	0.7717	0.0100	pay 0.0100% / 8h	7h 59m	$2.6M	$4.5M	75x
Short	Coinbase International APT-PERP-INTX	0.7729	0.0360	get 0.0045% / 1h	59m 56s	$222K	$314K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Gate. 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 GatebpFee Coinbase InternationalbpOrdersPrice spread, now +0.156%Rate

Funding earned: $54.6
Price spread: +0.156% → +0.190%: −$3.42
Slippage, 4 orders: −$83.54
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$57.36
Costs to cover: 1.085%
Break-even: 14.4 days

Slippage from Gate: live order book, 3 min ago; Coinbase International: live order book, 38 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 Gate live order book, 3 min ago	4.53 bp	18.7 bp −$19	49.7 bp −$497	doesn't fit	doesn't fit
Sell Coinbase International live order book, 38 min ago	11.75 bp	22.1 bp −$22	doesn't fit	doesn't fit	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	−0.0439%	1h	0.7721	+0.049%	$524K	$552K	50x	as long as short
Variational Omni APT	−0.0065%	8h	0.7713	−0.046%	$493K	$415K	—	as long as short
gTrade (Gains Network) APT/USD	L −0.0004% / S +0.0005%	1h	0.7720	+0.043%	$21K	—	150x	as long as short
Deribit APT_USDC-PERPETUAL	+0.0009%	1h	0.7724	+0.091%	$20K	$597K	50x	as long as short
Orderly PERP_APT_USDC	+0.0015%	8h	0.7719	+0.026%	$10K	$7K	10x	as long as short
Injective APT/USDC PERP	+0.0033%	1h	0.7780	+0.816%	$2K	$240K	12x	as long as short
Lighter APT	+0.0096%	1h	0.7721	+0.052%	$413K	$421K	10x	as long as short
Hyperliquid APT	+0.0100%	1h	0.7729	+0.156%	$5.0M	$5.9M	10x	as long as short
Aster APTUSDT	+0.0100%	8h	0.7716	−0.013%	$92K	$883K	20x	as long as short
Binance APTUSDT	+0.0100%	8h	0.7722	+0.065%	$28.2M	$94.8M	75x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit APTUSDT	+0.0100%	8h	0.7716	−0.013%	$27.5M	$37.1M	50x	as long as short
OKX APT-USDT-SWAP	+0.0100%	8h	0.7715	−0.026%	$5.7M	$23.1M	50x	as long as short
Gate APT_USDTlong	+0.0100%	8h	0.7717	long leg	$2.6M	$4.5M	75x
MEXC APT_USDT	+0.0100%	8h	0.7720	+0.039%	$31.5M	$14.5M	200x	as long as short
KuCoin APTUSDTM	+0.0100%	8h	0.7717	0.000%	$4.9M	$11.0M	50x	as long as short
Bitget APTUSDT	+0.0100%	8h	0.7719	+0.026%	$8.7M	$11.7M	75x	as long as short
BingX APT-USDC	+0.0100%	8h	0.7724	+0.091%	—	$6.5M	—	as long as short
Backpack APT_USDC_PERP	+0.0100%	1h	0.7725	+0.104%	$183K	$298K	20x	as long as short
ApeX Omni APTUSDT	+0.0100%	1h	0.7720	+0.039%	$59K	$580K	50x	as long as short
SunX APT-USDT	+0.0100%	8h	0.7708	−0.117%	$6K	$1.3M	20x	as long as short
SoDEX APT-USD	+0.0100%	1h	0.7720	+0.039%	$108	$6K	5x	as long as short
HTX APT-USDT	+0.0100%	8h	0.7715	−0.026%	$253K	$165K	50x	as long as short
Extended APT-USD	+0.0104%	1h	0.7714	−0.033%	$83K	$635K	25x	as long as short
Aevo APT-PERP	+0.0104%	1h	0.7719	+0.026%	$28K	$5K	3x	as long as short
GMX APT/USD [ETH-USDC]	L +0.0136% / S −0.0090%	1h	0.7720	+0.045%	$16K	—	100x	as long as short
BloFin APT-USDT	+0.0220%	8h	0.7729	+0.156%	$1.4M	$799K	75x	as long as short
Coinbase International APT-PERP-INTXshort	+0.0360%	1h	0.7729	+0.156%	$222K	$314K	50x
Reya APTRUSDPERP	+0.0501%	1h	0.7717	−0.006%	$3K	—	20x	as long as short
dYdX APT-USD	+0.0940%	1h	0.7718	+0.019%	$54K	$6K	10x	as long as short
01 Exchange APTUSD	+0.4824%	1h	0.7817	+1.296%	$2K	—	5x	as long as short