Funding you earn now, next payment 08:00 UTC+0.0063%/8h= +6.9% APRnext payment +$0.08 per $10,000 · paid last 24h +0.210%
Price spread now: Lighter against Injective−1.491%66s7-day average +0.118% · you buy dearer than you sell
Net, funding: paid 7d − costs−$69as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$1101.095% of the position
Funding, last 7 days+0.407%+$41 on $10k
+Price spread, last 4 days (all we have)+1.302%+$130 · spread now −1.491%, 7d avg +0.118%
=Together, before fees+1.709%+ Points / potential airdropLighter: Season 3 · farm board+$171 on $10k · with fees, hour by hour
Funding pays, the price is against you. Lighter is 1.609% cheaper against Injective than usual: you would sell low and buy high (spread −1.491% now, against its 7-day average of +0.118%). If the spread goes back, that is −$161 on $10k: about 3 months of funding at the current rate (+$2 a day). At the pace of the last 7 days (+0.407% in total) that is about 28 days. The two prices were read 66 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Injective APT/USDC PERP | 0.7780 | 0.0033 | pay 0.0004% / 1h | 23m 58s | $2K | $240K | 12x |
| Short | Lighter APT | 0.7664 | 0.0096 | get 0.0012% / 1h | 23m 58s | $411K | $420K | 10x |
Injective APT/USDC PERP
Lighter APTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Injective. 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
- $13.16
- Price spread: −1.491% → +0.118%
- −$160.9
- Slippage, 4 orders
- −$109.49
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$257.26
- Costs to cover
- 1.095%
- Break-even
- 143.8 days
Slippage from Injective: live order book, 15 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 Injective live order book, 15 min ago | 45.60 bp | 45.6 bp −$46 | 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 | −1.334% | $523K | $550K | 50x | as long as short |
| Variational Omni APT | −0.0049% | 8h | 0.7660 | −1.541% | $490K | $414K | — | as long as short |
| gTrade (Gains Network) APT/USD | L −0.0004% / S +0.0005% | 1h | 0.7670 | −1.414% | $21K | — | 150x | as long as short |
| Deribit APT_USDC-PERPETUAL | 0.0000% | 1h | 0.7669 | −1.427% | $19K | $597K | 50x | as long as short |
| Orderly PERP_APT_USDC | +0.0012% | 8h | 0.7666 | −1.465% | $10K | $7K | 10x | as long as short |
| Injective APT/USDC PERPlong | +0.0033% | 1h | 0.7780 | long leg | $2K | $240K | 12x | |
| Lighter APTshort | +0.0096% | 1h | 0.7664 | −1.491% | $411K | $420K | 10x | |
| Hyperliquid APT | +0.0100% | 1h | 0.7674 | −1.362% | $4.9M | $5.9M | 10x | as long as short |
| Aster APTUSDT | +0.0100% | 8h | 0.7664 | −1.491% | $91K | $882K | 20x | as long as short |
| Binance APTUSDT | +0.0100% | 8h | 0.7665 | −1.478% | $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
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 | −1.530% | $27.3M | $37.4M | 50x | as long as short |
| OKX APT-USDT-SWAP | +0.0100% | 8h | 0.7664 | −1.491% | $5.7M | $23.1M | 50x | as long as short |
| Gate APT_USDT | +0.0100% | 8h | 0.7664 | −1.491% | $2.6M | $4.5M | 75x | as long as short |
| MEXC APT_USDT | +0.0100% | 8h | 0.7666 | −1.465% | $30.8M | $14.3M | 200x | as long as short |
| KuCoin APTUSDTM | +0.0100% | 8h | 0.7665 | −1.478% | $4.9M | $11.1M | 50x | as long as short |
| Bitget APTUSDT | +0.0100% | 8h | 0.7667 | −1.452% | $8.6M | $11.8M | 75x | as long as short |
| BingX APT-USDT | +0.0100% | 8h | 0.7662 | −1.517% | — | $24.5M | — | as long as short |
| Backpack APT_USDC_PERP | +0.0100% | 1h | 0.7670 | −1.414% | $178K | $297K | 20x | as long as short |
| ApeX Omni APTUSDT | +0.0100% | 1h | 0.7680 | −1.285% | $59K | $582K | 50x | as long as short |
| SunX APT-USDT | +0.0100% | 8h | 0.7653 | −1.632% | $6K | $1.3M | 20x | as long as short |
| SoDEX APT-USD | +0.0100% | 1h | 0.7665 | −1.478% | $114 | $6K | 5x | as long as short |
| HTX APT-USDT | +0.0100% | 8h | 0.7667 | −1.452% | $251K | $166K | 50x | as long as short |
| Extended APT-USD | +0.0104% | 1h | 0.7661 | −1.530% | $82K | $630K | 25x | as long as short |
| Aevo APT-PERP | +0.0104% | 1h | 0.7665 | −1.478% | $28K | $5K | 3x | as long as short |
| GMX APT/USD [ETH-USDC] | L +0.0136% / S −0.0090% | 1h | 0.7670 | −1.414% | $16K | — | 100x | as long as short |
| BloFin APT-USDT | +0.0220% | 8h | 0.7664 | −1.491% | $1.4M | $799K | 75x | as long as short |
| Coinbase International APT-PERP-INTX | +0.0360% | 1h | 0.7672 | −1.388% | $220K | $310K | 50x | as long as short |
| Reya APTRUSDPERP | +0.0500% | 1h | 0.7663 | −1.506% | $3K | — | 20x | as long as short |
| dYdX APT-USD | +0.0821% | 1h | 0.7668 | −1.445% | $54K | $6K | 10x | as long as short |
| 01 Exchange APTUSD | +0.4984% | 1h | 0.7791 | +0.141% | $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
Coinbase International APT-PERP-INTX
Reya APTRUSDPERP
dYdX APT-USD
01 Exchange APTUSD