Funding you earn now, next payment 00:00 UTC+0.0108%/8h= +11.8% APRpaid last 24h +0.016%
Price spread now: Backpack against Orderly+0.101%46s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
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
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Backpack is 0.101% dearer against Orderly than usual: you sell high and buy low: +$10 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 46 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 | Orderly PERP_APT_USDC | 0.7956 | −0.0008 | get 0.0008% / 8h | 4m 20s | $10K | $7K | 10x |
| Short | Backpack APT_USDC_PERP | 0.7964 | 0.0100 | get 0.0013% / 1h | 4m 20s | $201K | $373K | 20x |
Orderly PERP_APT_USDC
Backpack APT_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against Orderly. 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
- $22.61
- Price spread: +0.101% → 0.000%
- $10.06
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- $16.66
- Costs to cover
- 0.160%
- Break-even
- 1.8 days
Slippage unknown: Orderly: no order-book sample; Backpack: live order book, 9 min ago. 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 Orderly no order-book sample | — | — | — | — | — |
| Sell Backpack live order book, 9 min ago | 0.63 bp | 9.5 bp −$9 | 30.2 bp −$302 | doesn't fit | doesn't fit |
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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_APTUSD | −0.0399% | 1h | 0.7973 | +0.210% | $552K | $638K | 50x | as long as short |
| Variational Omni APT | −0.0036% | 8h | 0.7947 | −0.108% | $520K | $322K | — | as long as short |
| Orderly PERP_APT_USDClong | −0.0008% | 8h | 0.7956 | long leg | $10K | $7K | 10x | |
| gTrade (Gains Network) APT/USD | L −0.0004% / S +0.0005% | 1h | 0.7968 | +0.145% | $21K | — | 150x | as long as short |
| Deribit APT_USDC-PERPETUAL | 0.0000% | 1h | 0.7959 | +0.038% | $13K | $417K | 50x | as long as short |
| Injective APT/USDC PERP | +0.0033% | 1h | 0.7780 | −2.212% | $2K | $241K | 12x | as long as short |
| Lighter APT | +0.0096% | 1h | 0.7963 | +0.088% | $428K | $394K | 10x | as long as short |
| Aster APTUSDT | +0.0100% | 8h | 0.7969 | +0.158% | $298K | $492K | 20x | as long as short |
| Binance APTUSDT | +0.0100% | 8h | 0.7967 | +0.144% | $30.2M | $102.2M | 75x | as long as short |
| Bybit APTUSDT | +0.0100% | 8h | 0.7963 | +0.088% | $29.5M | $37.2M | 50x | as long as short |
Kraken Futures PF_APTUSD
Variational Omni APT
gTrade (Gains Network) APT/USD
Deribit APT_USDC-PERPETUAL
Injective APT/USDC PERP
Lighter 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 | 0.7952 | −0.050% | $6.3M | $24.8M | 50x | as long as short |
| Gate APT_USDT | +0.0100% | 8h | 0.7963 | +0.088% | $2.8M | $4.9M | 75x | as long as short |
| MEXC APT_USDT | +0.0100% | 8h | 0.7967 | +0.138% | $29.0M | $15.1M | 200x | as long as short |
| KuCoin APTUSDTM | +0.0100% | 8h | 0.7963 | +0.088% | $5.6M | $12.3M | 50x | as long as short |
| Bitget APTUSDT | +0.0100% | 8h | 0.7957 | +0.013% | $8.9M | $12.7M | 75x | as long as short |
| BingX APT-USDT | +0.0100% | 8h | 0.7964 | +0.101% | — | $25.9M | — | as long as short |
| Backpack APT_USDC_PERPshort | +0.0100% | 1h | 0.7964 | +0.101% | $201K | $373K | 20x | |
| ApeX Omni APTUSDT | +0.0100% | 1h | 0.7960 | +0.050% | $65K | $572K | 50x | as long as short |
| SunX APT-USDT | +0.0100% | 8h | 0.7937 | −0.239% | $6K | $1.5M | 20x | as long as short |
| SoDEX APT-USD | +0.0100% | 1h | 0.7955 | −0.013% | $56 | $6K | 5x | as long as short |
| HTX APT-USDT | +0.0100% | 8h | 0.7954 | −0.025% | $267K | $142K | 50x | as long as short |
| Extended APT-USD | +0.0104% | 1h | 0.7963 | +0.094% | $85K | $464K | 25x | as long as short |
| Aevo APT-PERP | +0.0104% | 1h | 0.7954 | −0.019% | $25K | — | 3x | as long as short |
| Hyperliquid APT | +0.0109% | 1h | 0.7976 | +0.251% | $6.2M | $5.7M | 10x | as long as short |
| GMX APT/USD [ETH-USDC] | L +0.0190% / S −0.0143% | 1h | 0.7955 | −0.011% | $17K | — | 100x | as long as short |
| BloFin APT-USDT | +0.0220% | 8h | 0.7956 | 0.000% | $1.5M | $829K | 75x | as long as short |
| Coinbase International APT-PERP-INTX | +0.0240% | 1h | 0.7979 | +0.289% | $211K | $580K | 50x | as long as short |
| Reya APTRUSDPERP | +0.0472% | 1h | 0.7964 | +0.104% | $3K | — | 20x | as long as short |
| dYdX APT-USD | +0.0625% | 1h | 0.7968 | +0.148% | $56K | $6K | 10x | as long as short |
| 01 Exchange APTUSD | +0.1864% | 1h | 0.8030 | +0.930% | $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
Hyperliquid APT
GMX APT/USD [ETH-USDC]
BloFin APT-USDT
Coinbase International APT-PERP-INTX
Reya APTRUSDPERP
dYdX APT-USD
01 Exchange APTUSD