Settings8H · net · $10k
Funding arb · Price arb /

APT

all APT markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 21:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Backpack against SunX+0.262%7-day average +0.156% · you sell dearer than you buy
Net, funding: paid 7d − costs−$226as in the Funding arb table
Net, price: spread back to 7d avg − costs−$219as in the Price arb table
costs, in and out, $10k−$2292.295% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.039%+$4 on $10k
Price spread, last 3 days (all we have)−3.465%−$347 · spread now +0.262%, 7d avg +0.156%
Together, before fees−3.426%−$343 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Backpack is 0.105% dearer against SunX than usual: you sell high and buy low, +$11 on $10k if it goes back to its 7-day average of +0.156%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX APT-USDT0.76420.0100pay 0.0100% / 8h3h 48m$6K$1.4M20x
ShortBackpack APT_USDC_PERP0.76620.0100get 0.0013% / 1h48m 13s$195K$367K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Backpack against SunX. 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

Funding earned
$0
Price spread: +0.262% → +0.156%
$10.55
Slippage, 4 orders
−$211.48
Fee SunX: 4 bp × 2 orders
−$8
Fee Backpack: 5 bp × 2 orders
−$10
Net
−$218.93
Costs to cover
2.295%
Break-even
never at this rate
Slippage from SunX: live order book, 11 min ago; Backpack: live order book, 44 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy SunX live order book, 11 min ago30.68 bp100.8 bp −$101doesn't fitdoesn't fitdoesn't fit
Sell Backpack live order book, 44 min ago0.65 bp6.6 bp −$729.5 bp −$295doesn't fitdoesn't fit

APT on 30 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
01 Exchange APTUSD−0.0312%1h0.7655+0.170%$2K5xas long as short
Kraken Futures PF_APTUSD−0.0244%1h0.7656+0.180%$544K$591K50xas long as short
Variational Omni APT−0.0125%8h0.7676+0.439%$602K$224Kas long as short
Orderly PERP_APT_USDC−0.0028%8h0.7653+0.144%$10K$7K10xas long as short
gTrade (Gains Network) APT/USDL −0.0004% / S +0.0005%1h0.7658+0.209%$21K150xas long as short
Deribit APT_USDC-PERPETUAL0.0000%1h0.7656+0.183%$13K$329K50xas long as short
Bybit APTUSDT+0.0068%8h0.7652+0.131%$28.6M$35.4M50xas long as short
Lighter APT+0.0096%1h0.7655+0.170%$439K$298K10xas long as short
Hyperliquid APT+0.0100%1h0.7667+0.327%$5.8M$5.1M10xas long as short
Aster APTUSDT+0.0100%8h0.7660+0.238%$298K$455K20xas long as short
Show all 30 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance APTUSDT+0.0100%8h0.7658+0.209%$28.3M$95.6M75xas long as short
OKX APT-USDT-SWAP+0.0100%8h0.7655+0.170%$6.1M$22.2M50xas long as short
Gate APT_USDT+0.0100%8h0.7654+0.157%$2.6M$4.6M75xas long as short
MEXC APT_USDT+0.0100%8h0.7655+0.170%$27.9M$14.1M200xas long as short
KuCoin APTUSDTM+0.0100%8h0.7652+0.131%$5.4M$11.8M50xas long as short
Bitget APTUSDT+0.0100%8h0.7654+0.157%$8.8M$11.9M75xas long as short
BingX APT-USDC+0.0100%8h0.7657+0.196%$6.5Mas long as short
Backpack APT_USDC_PERPshort+0.0100%1h0.7662+0.262%$195K$367K20x
ApeX Omni APTUSDT+0.0100%1h0.7650+0.105%$64K$574K50xas long as short
SunX APT-USDTlong+0.0100%8h0.7642long leg$6K$1.4M20x
SoDEX APT-USD+0.0100%1h0.7653+0.144%$57$6K5xas long as short
HTX APT-USDT+0.0100%8h0.7666+0.314%$259K$138K50xas long as short
Extended APT-USD+0.0104%1h0.7652+0.133%$82K$478K25xas long as short
Aevo APT-PERP+0.0104%1h0.7658+0.206%$24K3xas long as short
GMX APT/USD [ETH-USDC]L +0.0136% / S −0.0090%1h0.7655+0.169%$16K100xas long as short
Injective APT/USDC PERP+0.0175%1h0.7640−0.026%$2K$121K12xas long as short
BloFin APT-USDT+0.0220%8h0.7676+0.445%$1.5M$757K75xas long as short
Coinbase International APT-PERP-INTX+0.0248%1h0.7679+0.484%$201K$522K50xas long as short
Reya APTRUSDPERP+0.0459%1h0.7651+0.121%$3K20xas long as short
dYdX APT-USD+0.0993%1h0.7660+0.235%$54K$5K10xas long as short