Funding you earn now, next payment 07:00 UTC−0.0264%/8h= −28.9% APRnext payment −$0.33 per $10,000 · paid last 24h −0.065%
Price spread now: Lighter against Coinbase International−0.104%7-day average −0.206% · you buy dearer than you sell
Net, funding: paid 7d − costs−$132as in the Funding arb table
Net, price: spread back to 7d avg − costs−$80as in the Price arb table
costs, in and out, $10k−$900.898% of the position
Funding, last 7 days−0.420%−$42 on $10k
+Price spread, last 4 days (all we have)−0.704%−$70 · spread now −0.104%, 7d avg −0.206%
=Together, before fees−1.124%+ Points / potential airdropLighter: Season 3 · farm board−$112 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Lighter is 0.102% dearer against Coinbase International than usual: you sell high and buy low (spread −0.104% now, against its 7-day average of −0.206%): +$10 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 31 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International APT-PERP-INTX | 0.7672 | 0.0360 | pay 0.0045% / 1h | 24m 02s | $220K | $310K | 50x |
| Short | Lighter APT | 0.7664 | 0.0096 | get 0.0012% / 1h | 24m 02s | $411K | $420K | 10x |
Coinbase International APT-PERP-INTX
Lighter APTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Coinbase International. 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
- −$55.44
- Price spread: −0.104% → −0.206%
- $10.21
- Slippage, 4 orders
- −$79.83
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$135.06
- Costs to cover
- 0.898%
- Break-even
- never at this rate
Slippage from Coinbase International: live order book, 14 min ago; Lighter: live order book, 6 min ago.
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 Coinbase International live order book, 14 min ago | 11.75 bp | 49.4 bp −$49 | doesn't fit | doesn't fit | doesn't fit |
| Sell Lighter live order book, 6 min ago | 3.91 bp | 14.4 bp −$14 | 72.2 bp −$722 | doesn't fit | doesn't fit |
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 | −0.0442% | 1h | 0.7676 | +0.055% | $523K | $550K | 50x | as long as short |
| Variational Omni APT | −0.0049% | 8h | 0.7660 | −0.155% | $490K | $414K | — | as long as short |
| gTrade (Gains Network) APT/USD | L −0.0004% / S +0.0005% | 1h | 0.7670 | −0.026% | $21K | — | 150x | as long as short |
| Deribit APT_USDC-PERPETUAL | 0.0000% | 1h | 0.7669 | −0.039% | $19K | $597K | 50x | as long as short |
| Orderly PERP_APT_USDC | +0.0012% | 8h | 0.7666 | −0.078% | $10K | $7K | 10x | as long as short |
| Injective APT/USDC PERP | +0.0033% | 1h | 0.7780 | +1.408% | $2K | $240K | 12x | as long as short |
| Lighter APTshort | +0.0096% | 1h | 0.7664 | −0.104% | $411K | $420K | 10x | |
| Hyperliquid APT | +0.0100% | 1h | 0.7674 | +0.026% | $4.9M | $5.9M | 10x | as long as short |
| Aster APTUSDT | +0.0100% | 8h | 0.7664 | −0.104% | $91K | $882K | 20x | as long as short |
| Binance APTUSDT | +0.0100% | 8h | 0.7665 | −0.091% | $28.0M | $95.5M | 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
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 | 0.7661 | −0.143% | $27.3M | $37.4M | 50x | as long as short |
| OKX APT-USDT-SWAP | +0.0100% | 8h | 0.7664 | −0.104% | $5.7M | $23.1M | 50x | as long as short |
| Gate APT_USDT | +0.0100% | 8h | 0.7664 | −0.104% | $2.6M | $4.5M | 75x | as long as short |
| MEXC APT_USDT | +0.0100% | 8h | 0.7666 | −0.078% | $30.8M | $14.3M | 200x | as long as short |
| KuCoin APTUSDTM | +0.0100% | 8h | 0.7665 | −0.091% | $4.9M | $11.1M | 50x | as long as short |
| Bitget APTUSDT | +0.0100% | 8h | 0.7667 | −0.065% | $8.6M | $11.8M | 75x | as long as short |
| BingX APT-USDT | +0.0100% | 8h | 0.7662 | −0.130% | — | $24.5M | — | as long as short |
| Backpack APT_USDC_PERP | +0.0100% | 1h | 0.7670 | −0.026% | $178K | $297K | 20x | as long as short |
| ApeX Omni APTUSDT | +0.0100% | 1h | 0.7680 | +0.104% | $59K | $582K | 50x | as long as short |
| SunX APT-USDT | +0.0100% | 8h | 0.7653 | −0.248% | $6K | $1.3M | 20x | as long as short |
| SoDEX APT-USD | +0.0100% | 1h | 0.7665 | −0.091% | $114 | $6K | 5x | as long as short |
| HTX APT-USDT | +0.0100% | 8h | 0.7667 | −0.065% | $251K | $166K | 50x | as long as short |
| Extended APT-USD | +0.0104% | 1h | 0.7661 | −0.144% | $82K | $630K | 25x | as long as short |
| Aevo APT-PERP | +0.0104% | 1h | 0.7665 | −0.091% | $28K | $5K | 3x | as long as short |
| GMX APT/USD [ETH-USDC] | L +0.0136% / S −0.0090% | 1h | 0.7670 | −0.026% | $16K | — | 100x | as long as short |
| BloFin APT-USDT | +0.0220% | 8h | 0.7664 | −0.104% | $1.4M | $799K | 75x | as long as short |
| Coinbase International APT-PERP-INTXlong | +0.0360% | 1h | 0.7672 | long leg | $220K | $310K | 50x | |
| Reya APTRUSDPERP | +0.0500% | 1h | 0.7663 | −0.119% | $3K | — | 20x | as long as short |
| dYdX APT-USD | +0.0821% | 1h | 0.7668 | −0.058% | $54K | $6K | 10x | as long as short |
| 01 Exchange APTUSD | +0.4984% | 1h | 0.7791 | +1.551% | $2K | — | 5x | as long as short |
Bybit APTUSDT
OKX APT-USDT-SWAP
Gate APT_USDT
MEXC APT_USDT
KuCoin APTUSDTM
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
GMX APT/USD [ETH-USDC]
BloFin APT-USDT
Reya APTRUSDPERP
dYdX APT-USD
01 Exchange APTUSD