Funding you earn now, next payment 01:00 UTC−0.0375%/8h= −41.0% APRnext payment −$0.47 per $10,000 · paid last 24h +0.108%
Price spread now: Backpack against Kraken Futures+0.001%7-day average −0.008% · you sell dearer than you buy
Net, funding: paid 7d − costs−$70as in the Funding arb table
Net, price: spread back to 7d avg − costs−$84as in the Price arb table
costs, in and out, $10k−$850.851% of the position
Funding, last 7 days+0.148%+$15 on $10k
+Price spread, last 3 days (all we have)−0.735%−$73 · spread now +0.001%, 7d avg −0.008%
=The price spread sits at its 7-day average of −0.008%, so right now this pair is about funding alone: −$11 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.148%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.148% in total (about 7.7% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.47 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_APTUSD | 0.7929 | 0.0475 | pay 0.0059% / 1h | 10m 24s | $544K | $640K | 50x |
| Short | Backpack APT_USDC_PERP | 0.7929 | 0.0100 | get 0.0013% / 1h | 10m 24s | $200K | $378K | 20x |
Kraken Futures PF_APTUSD
Backpack APT_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against Kraken Futures. 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
- −$78.71
- Price spread: +0.001% → −0.008%
- $0.91
- Slippage, 4 orders
- −$65.09
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$162.89
- Costs to cover
- 0.851%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 63 min ago; Backpack: live order book, 63 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 Kraken Futures live order book, 63 min ago | 9.41 bp | 45.7 bp −$46 | 103.7 bp −$1,037 | doesn't fit | doesn't fit |
| Sell Backpack live order book, 63 min ago | 0.63 bp | 9.5 bp −$9 | 30.2 bp −$302 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni APT | −0.0020% | 8h | 0.7921 | −0.097% | $518K | $322K | — | as long as short |
| Orderly PERP_APT_USDC | −0.0005% | 8h | 0.7928 | −0.011% | $10K | $7K | 10x | as long as short |
| gTrade (Gains Network) APT/USD | L −0.0004% / S +0.0005% | 1h | 0.7927 | −0.020% | $21K | — | 150x | as long as short |
| Deribit APT_USDC-PERPETUAL | 0.0000% | 1h | 0.7926 | −0.037% | $13K | $418K | 50x | as long as short |
| Injective APT/USDC PERP | +0.0033% | 1h | 0.7780 | −1.878% | $2K | $241K | 12x | as long as short |
| Lighter APT | +0.0096% | 1h | 0.7938 | +0.115% | $425K | $406K | 10x | as long as short |
| Hyperliquid APT | +0.0100% | 1h | 0.7960 | +0.392% | $6.2M | $5.7M | 10x | as long as short |
| Aster APTUSDT | +0.0100% | 8h | 0.7939 | +0.123% | $299K | $491K | 20x | as long as short |
| Binance APTUSDT | +0.0100% | 8h | 0.7954 | +0.322% | $30.1M | $103.4M | 75x | as long as short |
| Bybit APTUSDT | +0.0100% | 8h | 0.7950 | +0.266% | $29.4M | $37.2M | 50x | as long as short |
Variational Omni APT
Orderly PERP_APT_USDC
gTrade (Gains Network) APT/USD
Deribit APT_USDC-PERPETUAL
Injective APT/USDC PERP
Lighter APT
Hyperliquid APT
Aster APTUSDT
Binance APTUSDT
Bybit APTUSDTShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX APT-USDT-SWAP | +0.0100% | 8h | 0.7946 | +0.216% | $6.1M | $25.1M | 50x | as long as short |
| Gate APT_USDT | +0.0100% | 8h | 0.7954 | +0.316% | $2.8M | $4.9M | 75x | as long as short |
| MEXC APT_USDT | +0.0100% | 8h | 0.7952 | +0.291% | $29.1M | $15.1M | 200x | as long as short |
| KuCoin APTUSDTM | +0.0100% | 8h | 0.7935 | +0.077% | $5.5M | $12.3M | 50x | as long as short |
| Bitget APTUSDT | +0.0100% | 8h | 0.7951 | +0.279% | $9.1M | $12.6M | 75x | as long as short |
| BingX APT-USDT | +0.0100% | 8h | 0.7954 | +0.316% | — | $25.6M | — | as long as short |
| Backpack APT_USDC_PERPshort | +0.0100% | 1h | 0.7929 | +0.001% | $200K | $378K | 20x | |
| ApeX Omni APTUSDT | +0.0100% | 1h | 0.7930 | +0.014% | $64K | $573K | 50x | as long as short |
| SunX APT-USDT | +0.0100% | 8h | 0.7914 | −0.188% | $6K | $1.5M | 20x | as long as short |
| SoDEX APT-USD | +0.0100% | 1h | 0.7923 | −0.075% | $55 | $6K | 5x | as long as short |
| HTX APT-USDT | +0.0100% | 8h | 0.7932 | +0.039% | $267K | $128K | 50x | as long as short |
| Extended APT-USD | +0.0104% | 1h | 0.7949 | +0.253% | $82K | $489K | 25x | as long as short |
| Aevo APT-PERP | +0.0104% | 1h | 0.7924 | −0.067% | $29K | $5K | 3x | as long as short |
| GMX APT/USD [ETH-USDC] | L +0.0190% / S −0.0143% | 1h | 0.7924 | −0.065% | $17K | — | 100x | as long as short |
| BloFin APT-USDT | +0.0220% | 8h | 0.7923 | −0.075% | $1.5M | $894K | 75x | as long as short |
| dYdX APT-USD | +0.0221% | 1h | 0.7937 | +0.099% | $56K | $6K | 10x | as long as short |
| Coinbase International APT-PERP-INTX | +0.0232% | 1h | 0.7919 | −0.125% | $209K | $547K | 50x | as long as short |
| Kraken Futures PF_APTUSDlong | +0.0475% | 1h | 0.7929 | long leg | $544K | $640K | 50x | |
| Reya APTRUSDPERP | +0.0475% | 1h | 0.7946 | +0.218% | $3K | — | 20x | as long as short |
| 01 Exchange APTUSD | +0.1208% | 1h | 0.7938 | +0.115% | $2K | — | 5x | as long as short |
OKX APT-USDT-SWAP
Gate APT_USDT
MEXC APT_USDT
KuCoin APTUSDTM
Bitget APTUSDT
BingX APT-USDT
ApeX Omni APTUSDT
SunX APT-USDT
SoDEX APT-USD
HTX APT-USDT
Extended APT-USD
Aevo APT-PERP
GMX APT/USD [ETH-USDC]
BloFin APT-USDT
dYdX APT-USD
Coinbase International APT-PERP-INTX
Reya APTRUSDPERP
01 Exchange APTUSD