Funding arb · Price arb /

APT

all APT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0483%/8h= −52.9% APRpaid last 24h +0.083%

Price spread now: Orderly against Kraken Futures+0.063%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Kraken Futures Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 5 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

The price spread pays, funding is against you. Orderly is 0.063% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.063% now, against zero (this spread has no 7-day history yet)): +$6 on $10k if it goes back. Holding the pair costs −$14 a day in funding at the current rate, which eats that in about 10 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_APTUSD	0.7892	0.0477	pay 0.0060% / 1h	30m 55s	$541K	$646K	50x
Short	Orderly PERP_APT_USDC	0.7897	−0.0006	pay 0.0006% / 8h	7h 30m	$10K	$7K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 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 Kraken FuturesbpFee OrderlybpOrdersPrice spread, now +0.063%Rate

Funding earned: −$101.5
Price spread: +0.063% → 0.000%: $6.28
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$111.22
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Kraken Futures: live order book, 42 min ago; Orderly: no order-book sample. 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 Kraken Futures live order book, 42 min ago	9.41 bp	45.7 bp −$46	103.7 bp −$1,037	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: 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	−0.0035%	8h	0.7896	+0.054%	$517K	$322K	—	as long as short
Orderly PERP_APT_USDCshort	−0.0006%	8h	0.7897	+0.063%	$10K	$7K	10x
gTrade (Gains Network) APT/USD	L −0.0004% / S +0.0005%	1h	0.7898	+0.082%	$21K	—	150x	as long as short
Deribit APT_USDC-PERPETUAL	0.0000%	1h	0.7899	+0.088%	$13K	$418K	50x	as long as short
dYdX APT-USD	+0.0017%	1h	0.7899	+0.085%	$55K	$6K	10x	as long as short
Injective APT/USDC PERP	+0.0033%	1h	0.7780	−1.420%	$2K	$241K	12x	as long as short
Bybit APTUSDT	+0.0048%	8h	0.7893	+0.012%	$29.2M	$37.3M	50x	as long as short
Lighter APT	+0.0096%	1h	0.7892	−0.001%	$423K	$405K	10x	as long as short
Hyperliquid APT	+0.0100%	1h	0.7906	+0.177%	$6.0M	$5.7M	10x	as long as short
Aster APTUSDT	+0.0100%	8h	0.7901	+0.113%	$297K	$491K	20x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance APTUSDT	+0.0100%	8h	0.7902	+0.120%	$30.0M	$103.5M	75x	as long as short
OKX APT-USDT-SWAP	+0.0100%	8h	0.7891	−0.013%	$6.1M	$25.0M	50x	as long as short
Gate APT_USDT	+0.0100%	8h	0.7899	+0.088%	$2.8M	$4.8M	75x	as long as short
MEXC APT_USDT	+0.0100%	8h	0.7906	+0.177%	$29.0M	$15.0M	200x	as long as short
KuCoin APTUSDTM	+0.0100%	8h	0.7900	+0.101%	$5.5M	$12.3M	50x	as long as short
Bitget APTUSDT	+0.0100%	8h	0.7899	+0.088%	$9.0M	$12.7M	75x	as long as short
BingX APT-USDC	+0.0100%	8h	0.7899	+0.088%	—	$6.5M	—	as long as short
Backpack APT_USDC_PERP	+0.0100%	1h	0.7902	+0.126%	$200K	$378K	20x	as long as short
ApeX Omni APTUSDT	+0.0100%	1h	0.7890	−0.026%	$64K	$573K	50x	as long as short
SunX APT-USDT	+0.0100%	8h	0.7885	−0.089%	$6K	$1.5M	20x	as long as short
SoDEX APT-USD	+0.0100%	1h	0.7896	+0.050%	$55	$6K	5x	as long as short
HTX APT-USDT	+0.0100%	8h	0.7902	+0.126%	$266K	$131K	50x	as long as short
Extended APT-USD	+0.0104%	1h	0.7895	+0.039%	$81K	$526K	25x	as long as short
Aevo APT-PERP	+0.0104%	1h	0.7896	+0.046%	$29K	$5K	3x	as long as short
GMX APT/USD [ETH-USDC]	L +0.0190% / S −0.0143%	1h	0.7903	+0.133%	$17K	—	100x	as long as short
BloFin APT-USDT	+0.0220%	8h	0.7902	+0.126%	$1.5M	$845K	75x	as long as short
Coinbase International APT-PERP-INTX	+0.0232%	1h	0.7909	+0.215%	$209K	$549K	50x	as long as short
Reya APTRUSDPERP	+0.0474%	1h	0.7900	+0.100%	$3K	—	20x	as long as short
Kraken Futures PF_APTUSDlong	+0.0477%	1h	0.7892	long leg	$541K	$646K	50x
01 Exchange APTUSD	+0.2144%	1h	0.7911	+0.240%	$2K	—	5x	as long as short