Funding you earn now, next payment 07:00 UTC−0.0010%/8h= −1.1% APRpaid last 24h +0.009%
Price spread now: GMX against KuCoin−0.041%104s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 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
Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and GMX is 0.041% cheaper against KuCoin than usual: you would sell low and buy high (−$4 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 104 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 | KuCoin APTUSDTM | 0.7663 | 0.0100 | pay 0.0100% / 8h | 1h 29m | $4.9M | $11.9M | 50x |
| Short | GMX APT/USD [ETH-USDC] | 0.7660 | L +0.0136% / S −0.0090% | get 0.0011% / 1h | 29m 41s | $16K | — | 100x |
KuCoin APTUSDTM
GMX APT/USD [ETH-USDC]Funding history
latest
Range statsloading…
Price spread between the two exchanges
GMX against KuCoin. 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
- −$2.17
- Price spread: −0.041% → 0.000%
- −$4.06
- Slippage, 4 orders
- no order book: not counted
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- −$30.22
- Costs to cover
- 0.240%
- Break-even
- never at this rate
Slippage unknown: KuCoin: live order book, 9 min ago; GMX: 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 KuCoin live order book, 9 min ago | 4.56 bp | 23.6 bp −$24 | 75.0 bp −$750 | doesn't fit | doesn't fit |
| Sell GMX no order-book sample | — | — | — | — | — |
GMX: 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_APTUSD | −0.0228% | 1h | 0.7658 | −0.063% | $524K | $636K | 50x | as long as short |
| Variational Omni APT | −0.0021% | 8h | 0.7649 | −0.181% | $490K | $427K | — | as long as short |
| gTrade (Gains Network) APT/USD | L −0.0004% / S +0.0005% | 1h | 0.7657 | −0.077% | $21K | — | 150x | as long as short |
| Deribit APT_USDC-PERPETUAL | 0.0000% | 1h | 0.7655 | −0.104% | $2K | $572K | 50x | as long as short |
| Orderly PERP_APT_USDC | +0.0025% | 8h | 0.7657 | −0.078% | $10K | $7K | 10x | as long as short |
| Injective APT/USDC PERP | +0.0033% | 1h | 0.7780 | +1.527% | $2K | $240K | 12x | as long as short |
| Lighter APT | +0.0096% | 1h | 0.7655 | −0.104% | $408K | $422K | 10x | as long as short |
| Hyperliquid APT | +0.0100% | 1h | 0.7660 | −0.039% | $4.8M | $6.2M | 10x | as long as short |
| Aster APTUSDT | +0.0100% | 8h | 0.7653 | −0.124% | $91K | $918K | 20x | as long as short |
| Binance APTUSDT | +0.0100% | 8h | 0.7660 | −0.044% | $27.8M | $105.4M | 75x | as long as short |
Kraken Futures PF_APTUSD
Variational Omni APT
gTrade (Gains Network) APT/USD
Deribit APT_USDC-PERPETUAL
Orderly PERP_APT_USDC
Injective APT/USDC PERP
Lighter APT
Hyperliquid 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 | 0.7659 | −0.052% | $27.2M | $40.4M | 50x | as long as short |
| OKX APT-USDT-SWAP | +0.0100% | 8h | 0.7661 | −0.026% | $5.7M | $25.1M | 50x | as long as short |
| Gate APT_USDT | +0.0100% | 8h | 0.7663 | 0.000% | $2.6M | $4.7M | 75x | as long as short |
| MEXC APT_USDT | +0.0100% | 8h | 0.7667 | +0.052% | $30.7M | $15.3M | 200x | as long as short |
| KuCoin APTUSDTMlong | +0.0100% | 8h | 0.7663 | long leg | $4.9M | $11.9M | 50x | |
| Bitget APTUSDT | +0.0100% | 8h | 0.7663 | 0.000% | $8.7M | $13.1M | 75x | as long as short |
| BingX APT-USDT | +0.0100% | 8h | 0.7661 | −0.026% | — | $26.2M | — | as long as short |
| Backpack APT_USDC_PERP | +0.0100% | 1h | 0.7659 | −0.052% | $172K | $324K | 20x | as long as short |
| ApeX Omni APTUSDT | +0.0100% | 1h | 0.7670 | +0.091% | $62K | $583K | 50x | as long as short |
| SunX APT-USDT | +0.0100% | 8h | 0.7637 | −0.339% | $6K | $1.4M | 20x | as long as short |
| SoDEX APT-USD | +0.0100% | 1h | 0.7654 | −0.117% | $97 | $6K | 5x | as long as short |
| HTX APT-USDT | +0.0100% | 8h | 0.7658 | −0.065% | $251K | $185K | 50x | as long as short |
| Extended APT-USD | +0.0104% | 1h | 0.7662 | −0.017% | $83K | $553K | 25x | as long as short |
| Aevo APT-PERP | +0.0104% | 1h | 0.7652 | −0.140% | $28K | $5K | 3x | as long as short |
| GMX APT/USD [ETH-USDC]short | L +0.0136% / S −0.0090% | 1h | 0.7660 | −0.041% | $16K | — | 100x | |
| BloFin APT-USDT | +0.0220% | 8h | 0.7652 | −0.144% | $1.4M | $845K | 75x | as long as short |
| Coinbase International APT-PERP-INTX | +0.0360% | 1h | 0.7699 | +0.470% | $224K | $439K | 50x | as long as short |
| Reya APTRUSDPERP | +0.0496% | 1h | 0.7650 | −0.165% | $3K | — | 20x | as long as short |
| dYdX APT-USD | +0.0854% | 1h | 0.7655 | −0.107% | $54K | $6K | 10x | as long as short |
| 01 Exchange APTUSD | +0.5480% | 1h | 0.7784 | +1.579% | $2K | — | 5x | as long as short |
Bybit APTUSDT
OKX APT-USDT-SWAP
Gate APT_USDT
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
BloFin APT-USDT
Coinbase International APT-PERP-INTX
Reya APTRUSDPERP
dYdX APT-USD
01 Exchange APTUSD