APR arbitrage

live

Live Capricorn price differences between exchanges: perpetual, spot and DEX spreads after fees, with funding and depth.

Best net spread+0.54%Gate → HTX · Perp–Perp

Best perp–perp spread+0.70%Gate → HTX

Markets tracked129 venues · 9 perp · 3 spot · 0 DEX

Price range0.85%$0.1189 – $0.12

Spreads between exchanges

Long (buy)Short (sell)SpreadNetSpread+FDepth $Funding 24hFunding 30DD/WChart

No venue pairs for this coin in this mode right now.

Long = where you buy, Short = where you sell. Net subtracts a two-leg taker fee model; Spread+F adds the next funding payment.Updates every 15 seconds. Not investment advice.

APR price on every exchange

ExchangeMarketBidAskPricevs medianFunding 24hVolume 24h

OKXPerpetual · APR-USDT-SWAPPerpetual $0.1193$0.1194$0.1194+0.18% +0.030%$3.40M

BitgetPerpetual · APRUSDTPerpetual $0.1191$0.1192$0.1192+0.02% +0.030%$1.74M

BybitPerpetual · APRUSDTPerpetual $0.1192$0.1193$0.1193+0.09% +0.030%$888.2K

KuCoinPerpetual · APRUSDTMPerpetual $0.119$0.1193$0.1191-0.01% +0.030%$742.9K

BitgetSpot · APRUSDTSpot $0.1189$0.119$0.1189-0.17% —$462.8K

GatePerpetual · APR_USDTPerpetual $0.119$0.119$0.119-0.14% +0.030%$293.3K

KuCoinSpot · APR-USDTSpot $0.1189$0.1191$0.119-0.12% —$179.6K

MEXCPerpetual · APR_USDTPerpetual $0.1191$0.1192$0.1192+0.01% +0.030%$158.9K

HTXPerpetual · APR-USDTPerpetual $0.1198$0.1201$0.12+0.68% +0.021%$77.1K

BinancePerpetual · APRUSDTPerpetual $0.1191$0.1192$0.1192+0.01% +0.030%—

AsterPerpetual · APRUSDTPerpetual $0.119$0.1192$0.1191-0.03% +0.030%—

MEXCSpot · APRUSDTSpot $0.1186$0.1193$0.119-0.12% ——

Price is the bid/ask midpoint. "vs median" compares each market with the median of all centralized venues.

APR arbitrage explained

Right now Capricorn (APR) trades on 9 venues we scan: 9 perpetual markets, 3 spot markets and 0 DEX pools. The lowest ask is on Gate perp at $0.119 and the highest bid on HTX perp at $0.1198.

The widest APR perpetual spread is between Gate and HTX: long APR on Gate at $0.119 and short on HTX at $0.1198 for +0.70% gross, or +0.54% after the 0.16% two-leg fee model. No transfer is needed: both positions stay on their exchanges until the prices converge. The funding difference on this pair is -0.009% per day, which the position pays while it is open.

For a spot–perpetual (cash-and-carry) trade, the best APR route is to buy spot on Bitget and short the perpetual on HTX: +0.69% gross, +0.49% net, with +0.021% a day of funding on the short leg.

Spot–spot APR arbitrage (buy on Bitget, withdraw, deposit and sell on KuCoin) shows -0.07% gross right now. It only works if withdrawals on the buying exchange and deposits on the selling exchange are open, so check the D/W dots before moving coins.

Small APR gaps usually disappear after fees, slippage and funding. Look at the Net column, the executable Depth and the spread history before trading: a gap that has been open for days is a different trade from a one-minute spike.

Is there a APR arbitrage opportunity right now?

The best APR route right now is to buy on Gate → sell on HTX (Perp–Perp): +0.70% gross and +0.54% after fees. It is positive after the fee model, but check depth and funding before trading.

Which exchange has the cheapest APR?

Gate (perp) has the lowest APR ask at $0.119, and HTX (perp) the highest bid at $0.1198. Prices update every 15 seconds on this page.

How many exchanges list APR?

ArbiLayer tracks 12 APR markets on 9 venues: 9 perpetual, 3 spot and 0 DEX pools.

How do I arbitrage APR without transferring coins?

Use two perpetual contracts: go long APR on the cheaper exchange (Gate now) and short it on the more expensive one (HTX), then close both legs when the spread converges. The coins never move between exchanges.

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