Funding you earn now, next payment 22:00 UTC+0.0105%/8h= +11.5% APRnext payment +$0.13 per $10,000 · paid last 24h +0.056%
Price spread now: Lighter against Deribit−0.181%7-day average −0.088% · you buy dearer than you sell
Net, funding: paid 7d − costs−$32as in the Funding arb table
Net, price: spread back to 7d avg − costs−$56as in the Price arb table
costs, in and out, $10k−$460.464% of the position
Funding, last 7 days+0.148%+$15 on $10k
+Price spread, last 3 days (all we have)−2.908%−$291 · spread now −0.181%, 7d avg −0.088%
=Together, before fees−2.760%+ Points / potential airdropLighter: Season 3 · farm board−$276 on $10k · with fees, hour by hour
Funding pays, the price is against you. Lighter is 0.093% cheaper against Deribit than usual: you would sell low and buy high (spread −0.181% now, against its 7-day average of −0.088%). If the spread goes back, that is −$9 on $10k: about 3.0 days of funding at the current rate (+$3 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit APT_USDC-PERPETUAL | 0.7723 | −0.0009 | get 0.0001% / 1h | 52m 27s | $16K | $330K | 50x |
| Short | Lighter APT | 0.7709 | 0.0096 | get 0.0012% / 1h | 52m 27s | $423K | $343K | 10x |
Deribit APT_USDC-PERPETUAL
Lighter APTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Deribit. 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
- $22.05
- Price spread: −0.181% → −0.088%
- −$9.32
- Slippage, 4 orders
- −$39.43
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$33.7
- Costs to cover
- 0.464%
- Break-even
- 17.7 days
Slippage from Deribit: live order book, 36 min ago; Lighter: live order book, 31 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 Deribit live order book, 36 min ago | 12.23 bp | 15.7 bp −$16 | doesn't fit | doesn't fit | doesn't fit |
| Sell Lighter live order book, 31 min ago | 4.53 bp | 6.7 bp −$7 | 67.6 bp −$676 | 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 | |
|---|---|---|---|---|---|---|---|---|
| 01 Exchange APTUSD | −0.0480% | 1h | 0.7696 | −0.350% | $2K | — | 5x | as long as short |
| Kraken Futures PF_APTUSD | −0.0366% | 1h | 0.7721 | −0.020% | $534K | $608K | 50x | as long as short |
| Variational Omni APT | −0.0122% | 8h | 0.7702 | −0.266% | $603K | $223K | — | as long as short |
| Orderly PERP_APT_USDC | −0.0019% | 8h | 0.7709 | −0.181% | $10K | $7K | 10x | as long as short |
| Injective APT/USDC PERP | −0.0016% | 1h | 0.7650 | −0.945% | $2K | $169K | 12x | as long as short |
| Deribit APT_USDC-PERPETUALlong | −0.0009% | 1h | 0.7723 | long leg | $16K | $330K | 50x | |
| gTrade (Gains Network) APT/USD | L −0.0004% / S +0.0005% | 1h | 0.7711 | −0.149% | $21K | — | 150x | as long as short |
| Bybit APTUSDT | +0.0056% | 8h | 0.7705 | −0.233% | $28.7M | $35.5M | 50x | as long as short |
| Lighter APTshort | +0.0096% | 1h | 0.7709 | −0.181% | $423K | $343K | 10x | |
| Hyperliquid APT | +0.0100% | 1h | 0.7716 | −0.091% | $5.8M | $5.1M | 10x | as long as short |
01 Exchange APTUSD
Kraken Futures PF_APTUSD
Variational Omni APT
Orderly PERP_APT_USDC
Injective APT/USDC PERP
gTrade (Gains Network) APT/USD
Bybit APTUSDT
Hyperliquid APTShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster APTUSDT | +0.0100% | 8h | 0.7710 | −0.173% | $300K | $451K | 20x | as long as short |
| Binance APTUSDT | +0.0100% | 8h | 0.7710 | −0.168% | $28.5M | $96.1M | 75x | as long as short |
| OKX APT-USDT-SWAP | +0.0100% | 8h | 0.7708 | −0.194% | $6.1M | $22.8M | 50x | as long as short |
| Gate APT_USDT | +0.0100% | 8h | 0.7708 | −0.194% | $2.7M | $4.6M | 75x | as long as short |
| MEXC APT_USDT | +0.0100% | 8h | 0.7709 | −0.181% | $27.7M | $14.4M | 200x | as long as short |
| KuCoin APTUSDTM | +0.0100% | 8h | 0.7708 | −0.194% | $5.5M | $12.0M | 50x | as long as short |
| Bitget APTUSDT | +0.0100% | 8h | 0.7711 | −0.155% | $9.0M | $12.2M | 75x | as long as short |
| BingX APT-USDT | +0.0100% | 8h | 0.7709 | −0.181% | — | $27.4M | — | as long as short |
| Backpack APT_USDC_PERP | +0.0100% | 1h | 0.7723 | 0.000% | $195K | $369K | 20x | as long as short |
| ApeX Omni APTUSDT | +0.0100% | 1h | 0.7700 | −0.298% | $64K | $574K | 50x | as long as short |
| SunX APT-USDT | +0.0100% | 8h | 0.7706 | −0.220% | $5K | $1.4M | 20x | as long as short |
| SoDEX APT-USD | +0.0100% | 1h | 0.7719 | −0.052% | $58 | $6K | 5x | as long as short |
| HTX APT-USDT | +0.0100% | 8h | 0.7705 | −0.233% | $260K | $138K | 50x | as long as short |
| Extended APT-USD | +0.0104% | 1h | 0.7707 | −0.203% | $82K | $479K | 25x | as long as short |
| Aevo APT-PERP | +0.0104% | 1h | 0.7714 | −0.118% | $24K | — | 3x | as long as short |
| GMX APT/USD [ETH-USDC] | L +0.0189% / S −0.0143% | 1h | 0.7713 | −0.123% | $17K | — | 100x | as long as short |
| BloFin APT-USDT | +0.0220% | 8h | 0.7720 | −0.039% | $1.5M | $764K | 75x | as long as short |
| Coinbase International APT-PERP-INTX | +0.0280% | 1h | 0.7726 | +0.039% | $208K | $536K | 50x | as long as short |
| dYdX APT-USD | +0.0436% | 1h | 0.7716 | −0.091% | $54K | $5K | 10x | as long as short |
| Reya APTRUSDPERP | +0.0462% | 1h | 0.7708 | −0.201% | $3K | — | 20x | as long as short |
Aster APTUSDT
Binance 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
Coinbase International APT-PERP-INTX
dYdX APT-USD
Reya APTRUSDPERP