Funding you earn now, next payment 23:00 UTC+0.0207%/8h= +22.6% APRnext payment +$0.26 per $10,000 · paid last 24h +0.379%
Price spread now: Coinbase International against Injective+2.185%64s7-day average +0.424% · you sell dearer than you buy
Net, funding: paid 7d − costs−$62as 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−$1341.344% of the position
Funding, last 7 days+0.728%+$73 on $10k
+Price spread, last 3 days (all we have)−1.569%−$157 · spread now +2.185%, 7d avg +0.424%
=Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Coinbase International is 1.762% dearer against Injective than usual: you sell high and buy low: +$176 more if the spread goes back to its 7-day average of +0.424%. The two prices were read 64 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 | Injective APT/USDC PERP | 0.7780 | 0.0033 | pay 0.0004% / 1h | 49m 43s | $2K | $241K | 12x |
| Short | Coinbase International APT-PERP-INTX | 0.7950 | 0.0240 | get 0.0030% / 1h | 49m 43s | $211K | $570K | 50x |
Injective APT/USDC PERP
Coinbase International APT-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against Injective. 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
- $43.4
- Price spread: +2.185% → +0.424%
- $176.16
- Slippage, 4 orders
- −$124.4
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- $85.14
- Costs to cover
- 1.344%
- Break-even
- from the start
Slippage from Injective: live order book, 29 min ago; Coinbase International: live order book, 28 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 Injective live order book, 29 min ago | 44.61 bp | 44.6 bp −$45 | doesn't fit | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 28 min ago | 9.56 bp | 24.5 bp −$24 | 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 | −0.0400% | 1h | 0.7960 | +2.319% | $552K | $638K | 50x | as long as short |
| 01 Exchange APTUSD | −0.0280% | 1h | 0.7942 | +2.082% | $2K | — | 5x | as long as short |
| Variational Omni APT | −0.0056% | 8h | 0.7941 | +2.063% | $517K | $320K | — | as long as short |
| Orderly PERP_APT_USDC | −0.0014% | 8h | 0.7955 | +2.249% | $10K | $8K | 10x | as long as short |
| gTrade (Gains Network) APT/USD | L −0.0004% / S +0.0005% | 1h | 0.7958 | +2.282% | $21K | — | 150x | as long as short |
| Deribit APT_USDC-PERPETUAL | 0.0000% | 1h | 0.7956 | +2.262% | $14K | $421K | 50x | as long as short |
| Injective APT/USDC PERPlong | +0.0033% | 1h | 0.7780 | long leg | $2K | $241K | 12x | |
| Lighter APT | +0.0096% | 1h | 0.7951 | +2.198% | $435K | $353K | 10x | as long as short |
| Aster APTUSDT | +0.0100% | 8h | 0.7957 | +2.273% | $310K | $465K | 20x | as long as short |
| Binance APTUSDT | +0.0100% | 8h | 0.7958 | +2.287% | $29.6M | $98.7M | 75x | 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
Lighter APT
Aster APTUSDT
Binance APTUSDTShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit APTUSDT | +0.0100% | 8h | 0.7951 | +2.198% | $29.7M | $36.2M | 50x | as long as short |
| OKX APT-USDT-SWAP | +0.0100% | 8h | 0.7953 | +2.224% | $6.2M | $24.3M | 50x | as long as short |
| Gate APT_USDT | +0.0100% | 8h | 0.7957 | +2.275% | $2.8M | $4.7M | 75x | as long as short |
| MEXC APT_USDT | +0.0100% | 8h | 0.7950 | +2.185% | $28.8M | $14.6M | 200x | as long as short |
| KuCoin APTUSDTM | +0.0100% | 8h | 0.7954 | +2.237% | $5.6M | $12.2M | 50x | as long as short |
| Bitget APTUSDT | +0.0100% | 8h | 0.7955 | +2.249% | $9.0M | $12.6M | 75x | as long as short |
| BingX APT-USDT | +0.0100% | 8h | 0.7956 | +2.262% | — | $25.3M | — | as long as short |
| Backpack APT_USDC_PERP | +0.0100% | 1h | 0.7961 | +2.326% | $200K | $368K | 20x | as long as short |
| ApeX Omni APTUSDT | +0.0100% | 1h | 0.7950 | +2.185% | $66K | $569K | 50x | as long as short |
| SunX APT-USDT | +0.0100% | 8h | 0.7944 | +2.108% | $6K | $1.4M | 20x | as long as short |
| SoDEX APT-USD | +0.0100% | 1h | 0.7954 | +2.237% | $79 | $6K | 5x | as long as short |
| HTX APT-USDT | +0.0100% | 8h | 0.7947 | +2.147% | $268K | $139K | 50x | as long as short |
| Extended APT-USD | +0.0104% | 1h | 0.7953 | +2.229% | $85K | $464K | 25x | as long as short |
| Aevo APT-PERP | +0.0104% | 1h | 0.7959 | +2.302% | $25K | — | 3x | as long as short |
| Hyperliquid APT | +0.0121% | 1h | 0.7966 | +2.391% | $6.1M | $5.4M | 10x | as long as short |
| GMX APT/USD [ETH-USDC] | L +0.0190% / S −0.0143% | 1h | 0.7954 | +2.243% | $17K | — | 100x | as long as short |
| BloFin APT-USDT | +0.0220% | 8h | 0.7953 | +2.224% | $1.5M | $808K | 75x | as long as short |
| Coinbase International APT-PERP-INTXshort | +0.0240% | 1h | 0.7950 | +2.185% | $211K | $570K | 50x | |
| Reya APTRUSDPERP | +0.0469% | 1h | 0.7951 | +2.202% | $3K | — | 20x | as long as short |
| dYdX APT-USD | +0.1303% | 1h | 0.7945 | +2.116% | $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
Hyperliquid APT
GMX APT/USD [ETH-USDC]
BloFin APT-USDT
Reya APTRUSDPERP
dYdX APT-USD