Funding you earn now, next payment 09:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h +0.189%
Price spread now: KuCoin against Injective−1.285%85s7-day average +0.124% · you buy dearer than you sell
Net, funding: paid 7d − costs−$140as 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−$1801.799% of the position
Funding, last 7 days+0.397%+$40 on $10k
+Price spread, last 4 days (all we have)−1.735%−$174 · spread now −1.285%, 7d avg +0.124%
=Funding pays, the price is against you. KuCoin is 1.409% cheaper against Injective than usual: you would sell low and buy high (spread −1.285% now, against its 7-day average of +0.124%). If the spread goes back, that is −$141 on $10k: about 2 months of funding at the current rate (+$2 a day). At the pace of the last 7 days (+0.397% in total) that is about 25 days. The two prices were read 85 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 | 25m 56s | $2K | $240K | 12x |
| Short | KuCoin APTUSDTM | 0.7680 | 0.0100 | get 0.0100% / 8h | 7h 25m | $4.8M | $10.8M | 50x |
Injective APT/USDC PERP
KuCoin APTUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- $14
- Price spread: −1.285% → +0.124%
- −$140.92
- Slippage, 4 orders
- −$167.91
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$306.86
- Costs to cover
- 1.799%
- Break-even
- 160.4 days
Slippage from Injective: live order book, 8 min ago; KuCoin: live order book, 2 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, 8 min ago | 52.02 bp | 52.0 bp −$52 | doesn't fit | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 2 min ago | 3.25 bp | 34.0 bp −$34 | 80.5 bp −$805 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit APT_USDC-PERPETUAL | −0.0141% | 1h | 0.7670 | −1.414% | $19K | $597K | 50x | as long as short |
| Variational Omni APT | −0.0072% | 8h | 0.7675 | −1.347% | $490K | $412K | — | as long as short |
| Gate APT_USDT | −0.0029% | 8h | 0.7679 | −1.298% | $2.6M | $4.3M | 75x | as long as short |
| gTrade (Gains Network) APT/USD | L −0.0004% / S +0.0005% | 1h | 0.7677 | −1.323% | $21K | — | 150x | as long as short |
| Bybit APTUSDT | +0.0014% | 8h | 0.7686 | −1.208% | $27.3M | $35.9M | 50x | as long as short |
| Orderly PERP_APT_USDC | +0.0017% | 8h | 0.7668 | −1.440% | $10K | $6K | 10x | as long as short |
| Injective APT/USDC PERPlong | +0.0033% | 1h | 0.7780 | long leg | $2K | $240K | 12x | |
| Lighter APT | +0.0096% | 1h | 0.7667 | −1.452% | $410K | $414K | 10x | as long as short |
| Hyperliquid APT | +0.0100% | 1h | 0.7671 | −1.401% | $5.0M | $6.1M | 10x | as long as short |
| Aster APTUSDT | +0.0100% | 8h | 0.7675 | −1.349% | $91K | $861K | 20x | as long as short |
Deribit APT_USDC-PERPETUAL
Variational Omni APT
Gate APT_USDT
gTrade (Gains Network) APT/USD
Bybit APTUSDT
Orderly PERP_APT_USDC
Lighter APT
Hyperliquid APT
Aster APTUSDTShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance APTUSDT | +0.0100% | 8h | 0.7687 | −1.193% | $28.0M | $93.0M | 75x | as long as short |
| OKX APT-USDT-SWAP | +0.0100% | 8h | 0.7690 | −1.157% | $5.7M | $22.8M | 50x | as long as short |
| MEXC APT_USDT | +0.0100% | 8h | 0.7680 | −1.285% | $21.4M | $13.8M | 200x | as long as short |
| KuCoin APTUSDTMshort | +0.0100% | 8h | 0.7680 | −1.285% | $4.8M | $10.8M | 50x | |
| Bitget APTUSDT | +0.0100% | 8h | 0.7680 | −1.285% | $8.7M | $11.3M | 75x | as long as short |
| BingX APT-USDT | +0.0100% | 8h | 0.7685 | −1.221% | — | $24.1M | — | as long as short |
| Backpack APT_USDC_PERP | +0.0100% | 1h | 0.7671 | −1.401% | $177K | $296K | 20x | as long as short |
| ApeX Omni APTUSDT | +0.0100% | 1h | 0.7680 | −1.285% | $59K | $582K | 50x | as long as short |
| SunX APT-USDT | +0.0100% | 8h | 0.7662 | −1.517% | $5K | $1.3M | 20x | as long as short |
| SoDEX APT-USD | +0.0100% | 1h | 0.7669 | −1.427% | $89 | $6K | 5x | as long as short |
| HTX APT-USDT | +0.0100% | 8h | 0.7682 | −1.260% | $252K | $147K | 50x | as long as short |
| Extended APT-USD | +0.0104% | 1h | 0.7675 | −1.346% | $79K | $640K | 25x | as long as short |
| Aevo APT-PERP | +0.0104% | 1h | 0.7670 | −1.414% | $28K | $5K | 3x | as long as short |
| GMX APT/USD [ETH-USDC] | L +0.0136% / S −0.0090% | 1h | 0.7672 | −1.391% | $16K | — | 100x | as long as short |
| Kraken Futures PF_APTUSD | +0.0145% | 1h | 0.7666 | −1.464% | $526K | $536K | 50x | as long as short |
| BloFin APT-USDT | +0.0220% | 8h | 0.7685 | −1.221% | $1.4M | $760K | 75x | as long as short |
| Coinbase International APT-PERP-INTX | +0.0336% | 1h | 0.7689 | −1.170% | $221K | $297K | 50x | as long as short |
| Reya APTRUSDPERP | +0.0503% | 1h | 0.7677 | −1.329% | $3K | — | 20x | as long as short |
| dYdX APT-USD | +0.1152% | 1h | 0.7682 | −1.260% | $54K | $6K | 10x | as long as short |
| 01 Exchange APTUSD | +0.3976% | 1h | 0.7793 | +0.167% | $2K | — | 5x | as long as short |
Binance APTUSDT
OKX APT-USDT-SWAP
MEXC APT_USDT
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
GMX APT/USD [ETH-USDC]
Kraken Futures PF_APTUSD
BloFin APT-USDT
Coinbase International APT-PERP-INTX
Reya APTRUSDPERP
dYdX APT-USD
01 Exchange APTUSD