Funding you earn now, next payment 05:00 UTC−0.0004%/8h= −0.4% APRnext payment −$0.01 per $10,000 · paid last 24h −0.001%
Price spread now: Lighter against Hyperliquid−0.013%7-day average −0.094% · you buy dearer than you sell
Net, funding: paid 7d − costs−$37as in the Funding arb table
Net, price: spread back to 7d avg − costs−$29as in the Price arb table
costs, in and out, $10k−$370.373% of the position
Funding, last 7 days+0.001%$0 on $10k
+Price spread, last 4 days (all we have)+0.018%+$2 · spread now −0.013%, 7d avg −0.094%
=Together, before fees+0.019%+ Points / potential airdropHyperliquid: Season 2 · Lighter: Season 3 · farm board+$2 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: Lighter is 0.081% dearer against Hyperliquid than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of −0.094%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid APT | 0.7662 | 0.0100 | pay 0.0013% / 1h | 34m 19s | $5.2M | $6.1M | 10x |
| Short | Lighter APT | 0.7661 | 0.0096 | get 0.0012% / 1h | 34m 19s | $408K | $422K | 10x |
Hyperliquid APT
Lighter APTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Hyperliquid. 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
- −$0.84
- Price spread: −0.013% → −0.094%
- $8.12
- Slippage, 4 orders
- −$28.3
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$30.02
- Costs to cover
- 0.373%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 8 min ago; Lighter: live order book, 10 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 Hyperliquid live order book, 8 min ago | 1.96 bp | 7.7 bp −$8 | 17.7 bp −$177 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 10 min ago | 1.95 bp | 13.1 bp −$13 | 72.4 bp −$724 | 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 | |
|---|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) APT/USD | L −0.0004% / S +0.0005% | 1h | 0.7659 | −0.043% | $21K | — | 150x | as long as short |
| Deribit APT_USDC-PERPETUAL | 0.0000% | 1h | 0.7658 | −0.052% | $7K | $515K | 50x | as long as short |
| Orderly PERP_APT_USDC | +0.0017% | 8h | 0.7656 | −0.078% | $10K | $7K | 10x | as long as short |
| Variational Omni APT | +0.0022% | 8h | 0.7653 | −0.115% | $511K | $416K | — | as long as short |
| Injective APT/USDC PERP | +0.0033% | 1h | 0.7780 | +1.540% | $2K | $240K | 12x | as long as short |
| Lighter APTshort | +0.0096% | 1h | 0.7661 | −0.013% | $408K | $422K | 10x | |
| Hyperliquid APTlong | +0.0100% | 1h | 0.7662 | long leg | $5.2M | $6.1M | 10x | |
| Aster APTUSDT | +0.0100% | 8h | 0.7658 | −0.053% | $97K | $961K | 20x | as long as short |
| Binance APTUSDT | +0.0100% | 8h | 0.7658 | −0.052% | $27.8M | $106.6M | 75x | as long as short |
| Bybit APTUSDT | +0.0100% | 8h | 0.7652 | −0.131% | $27.2M | $39.8M | 50x | as long as short |
gTrade (Gains Network) APT/USD
Deribit APT_USDC-PERPETUAL
Orderly PERP_APT_USDC
Variational Omni APT
Injective APT/USDC PERP
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 | 0.7655 | −0.091% | $5.7M | $24.8M | 50x | as long as short |
| Gate APT_USDT | +0.0100% | 8h | 0.7657 | −0.065% | $2.6M | $5.0M | 75x | as long as short |
| MEXC APT_USDT | +0.0100% | 8h | 0.7655 | −0.091% | $29.0M | $15.0M | 200x | as long as short |
| KuCoin APTUSDTM | +0.0100% | 8h | 0.7657 | −0.065% | $5.1M | $12.3M | 50x | as long as short |
| Bitget APTUSDT | +0.0100% | 8h | 0.7654 | −0.104% | $8.7M | $13.0M | 75x | as long as short |
| BingX APT-USDT | +0.0100% | 8h | 0.7657 | −0.065% | — | $25.9M | — | as long as short |
| Backpack APT_USDC_PERP | +0.0100% | 1h | 0.7667 | +0.065% | $178K | $387K | 20x | as long as short |
| ApeX Omni APTUSDT | +0.0100% | 1h | 0.7660 | −0.026% | $61K | $579K | 50x | as long as short |
| SunX APT-USDT | +0.0100% | 8h | 0.7645 | −0.222% | $6K | $1.5M | 20x | as long as short |
| SoDEX APT-USD | +0.0100% | 1h | 0.7664 | +0.026% | $77 | $6K | 5x | as long as short |
| HTX APT-USDT | +0.0100% | 8h | 0.7657 | −0.065% | $250K | $149K | 50x | as long as short |
| Extended APT-USD | +0.0104% | 1h | 0.7652 | −0.137% | $79K | $428K | 25x | as long as short |
| Aevo APT-PERP | +0.0104% | 1h | 0.7631 | −0.410% | $28K | $5K | 3x | as long as short |
| GMX APT/USD [ETH-USDC] | L +0.0136% / S −0.0090% | 1h | 0.7660 | −0.022% | $16K | — | 100x | as long as short |
| BloFin APT-USDT | +0.0220% | 8h | 0.7663 | +0.013% | $1.4M | $953K | 75x | as long as short |
| Kraken Futures PF_APTUSD | +0.0250% | 1h | 0.7664 | +0.032% | $532K | $637K | 50x | as long as short |
| Coinbase International APT-PERP-INTX | +0.0312% | 1h | 0.7679 | +0.222% | $221K | $460K | 50x | as long as short |
| dYdX APT-USD | +0.0458% | 1h | 0.7664 | +0.021% | $54K | $6K | 10x | as long as short |
| Reya APTRUSDPERP | +0.0488% | 1h | 0.7657 | −0.071% | $3K | — | 20x | as long as short |
| 01 Exchange APTUSD | +0.4856% | 1h | 0.7787 | +1.631% | $2K | — | 5x | as long as short |
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
Kraken Futures PF_APTUSD
Coinbase International APT-PERP-INTX
dYdX APT-USD
Reya APTRUSDPERP
01 Exchange APTUSD