Funding you earn now, next payment 22:00 UTC+0.0459%/8h= +50.3% APRnext payment +$0.57 per $10,000 · paid last 24h +0.098%
Price spread now: Lighter against Kraken Futures−0.041%7-day average −0.084% · you buy dearer than you sell
Net, funding: paid 7d − costs−$60as in the Funding arb table
Net, price: spread back to 7d avg − costs−$56as in the Price arb table
costs, in and out, $10k−$600.601% of the position
Funding, last 7 days−0.002%$0 on $10k
+Price spread, last 3 days (all we have)−1.529%−$153 · spread now −0.041%, 7d avg −0.084%
=Together, before fees−1.531%+ Points / potential airdropLighter: Season 3 · farm board−$153 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$14 a day on $10k at the current rate, and Lighter is 0.042% dearer against Kraken Futures than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.084%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.002% in total (about -0.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.57 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_APTUSD | 0.7784 | −0.0363 | get 0.0045% / 1h | 31m 44s | $535K | $611K | 50x |
| Short | Lighter APT | 0.7781 | 0.0096 | get 0.0012% / 1h | 31m 44s | $425K | $347K | 10x |
Kraken Futures PF_APTUSD
Lighter APTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Kraken Futures. 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
- $96.45
- Price spread: −0.041% → −0.084%
- $4.22
- Slippage, 4 orders
- −$50.06
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $40.61
- Costs to cover
- 0.601%
- Break-even
- 4.1 days
Slippage from Kraken Futures: live order book, 56 min ago; Lighter: live order book, 52 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 Kraken Futures live order book, 56 min ago | 10.31 bp | 23.4 bp −$23 | 76.6 bp −$766 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 52 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 | −0.0624% | 1h | 0.7775 | −0.118% | $2K | — | 5x | as long as short |
| Kraken Futures PF_APTUSDlong | −0.0363% | 1h | 0.7784 | long leg | $535K | $611K | 50x | |
| Variational Omni APT | −0.0108% | 8h | 0.7729 | −0.706% | $606K | $222K | — | as long as short |
| Orderly PERP_APT_USDC | −0.0018% | 8h | 0.7782 | −0.029% | $10K | $7K | 10x | as long as short |
| Injective APT/USDC PERP | −0.0016% | 1h | 0.7650 | −1.724% | $2K | $169K | 12x | as long as short |
| Deribit APT_USDC-PERPETUAL | −0.0007% | 1h | 0.7785 | +0.010% | $16K | $372K | 50x | as long as short |
| gTrade (Gains Network) APT/USD | L −0.0004% / S +0.0005% | 1h | 0.7787 | +0.037% | $21K | — | 150x | as long as short |
| Bybit APTUSDT | +0.0090% | 8h | 0.7776 | −0.106% | $28.9M | $35.3M | 50x | as long as short |
| Lighter APTshort | +0.0096% | 1h | 0.7781 | −0.041% | $425K | $347K | 10x | |
| Hyperliquid APT | +0.0100% | 1h | 0.7795 | +0.138% | $5.9M | $5.1M | 10x | as long as short |
01 Exchange APTUSD
Variational Omni APT
Orderly PERP_APT_USDC
Injective APT/USDC PERP
Deribit APT_USDC-PERPETUAL
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 | 0.7787 | +0.038% | $303K | $449K | 20x | as long as short |
| Binance APTUSDT | +0.0100% | 8h | 0.7781 | −0.041% | $28.7M | $95.9M | 75x | as long as short |
| OKX APT-USDT-SWAP | +0.0100% | 8h | 0.7781 | −0.041% | $6.1M | $23.0M | 50x | as long as short |
| Gate APT_USDT | +0.0100% | 8h | 0.7787 | +0.036% | $2.7M | $4.6M | 75x | as long as short |
| MEXC APT_USDT | +0.0100% | 8h | 0.7779 | −0.067% | $27.9M | $14.4M | 200x | as long as short |
| KuCoin APTUSDTM | +0.0100% | 8h | 0.7779 | −0.067% | $5.5M | $12.1M | 50x | as long as short |
| Bitget APTUSDT | +0.0100% | 8h | 0.7778 | −0.080% | $8.9M | $12.2M | 75x | as long as short |
| BingX APT-USDC | +0.0100% | 8h | 0.7780 | −0.054% | — | $6.5M | — | as long as short |
| Backpack APT_USDC_PERP | +0.0100% | 1h | 0.7790 | +0.074% | $197K | $364K | 20x | as long as short |
| ApeX Omni APTUSDT | +0.0100% | 1h | 0.7730 | −0.697% | $64K | $571K | 50x | as long as short |
| SunX APT-USDT | +0.0100% | 8h | 0.7760 | −0.311% | $6K | $1.4M | 20x | as long as short |
| SoDEX APT-USD | +0.0100% | 1h | 0.7783 | −0.016% | $58 | $6K | 5x | as long as short |
| HTX APT-USDT | +0.0100% | 8h | 0.7734 | −0.645% | $261K | $138K | 50x | as long as short |
| Extended APT-USD | +0.0104% | 1h | 0.7787 | +0.031% | $83K | $479K | 25x | as long as short |
| Aevo APT-PERP | +0.0104% | 1h | 0.7785 | +0.010% | $24K | — | 3x | as long as short |
| GMX APT/USD [ETH-USDC] | L +0.0189% / S −0.0143% | 1h | 0.7785 | +0.007% | $17K | — | 100x | as long as short |
| BloFin APT-USDT | +0.0220% | 8h | 0.7773 | −0.144% | $1.5M | $768K | 75x | as long as short |
| Coinbase International APT-PERP-INTX | +0.0280% | 1h | 0.7798 | +0.177% | $210K | $540K | 50x | as long as short |
| Reya APTRUSDPERP | +0.0463% | 1h | 0.7781 | −0.038% | $3K | — | 20x | as long as short |
| dYdX APT-USD | +0.0589% | 1h | 0.7778 | −0.084% | $54K | $5K | 10x | as long as short |
Aster APTUSDT
Binance APTUSDT
OKX APT-USDT-SWAP
Gate APT_USDT
MEXC APT_USDT
KuCoin APTUSDTM
Bitget APTUSDT
BingX APT-USDC
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