Funding you earn now, next payment 00:00 UTC+0.0041%/8h= +4.5% APRnext payment +$0.05 per $10,000 · paid last 24h +0.001%
Price spread now: Backpack against Lighter+0.063%7-day average +0.078% · you sell dearer than you buy
Net, funding: paid 7d − costs−$19as in the Funding arb table
Net, price: spread back to 7d avg − costs−$33as in the Price arb table
costs, in and out, $10k−$320.318% of the position
Funding, last 7 days+0.132%+$13 on $10k
+Price spread, last 4 days (all we have)−0.058%−$6 · spread now +0.063%, 7d avg +0.078%
=Together, before fees+0.074%+ Points / potential airdropLighter: Season 3 · farm board+$7 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.078%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter APT | 0.7987 | 0.0096 | pay 0.0012% / 1h | 15m 58s | $428K | $392K | 10x |
| Short | Backpack APT_USDC_PERP | 0.7992 | 0.0137 | get 0.0017% / 1h | 15m 58s | $201K | $369K | 20x |
Lighter APT
Backpack APT_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against Lighter. 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
- $8.57
- Price spread: +0.063% → +0.078%
- −$1.53
- Slippage, 4 orders
- −$21.8
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$24.76
- Costs to cover
- 0.318%
- Break-even
- 27.2 days
Slippage from Lighter: live order book, 54 min ago; Backpack: live order book, 63 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 Lighter live order book, 54 min ago | 2.54 bp | 4.8 bp −$5 | 46.3 bp −$463 | doesn't fit | doesn't fit |
| Sell Backpack live order book, 63 min ago | 0.64 bp | 6.4 bp −$6 | 29.2 bp −$292 | 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 | −0.0398% | 1h | 0.7994 | +0.092% | $553K | $641K | 50x | as long as short |
| Deribit APT_USDC-PERPETUAL | −0.0375% | 1h | 0.7992 | +0.063% | $14K | $415K | 50x | as long as short |
| Variational Omni APT | −0.0038% | 8h | 0.7993 | +0.079% | $523K | $322K | — | as long as short |
| Orderly PERP_APT_USDC | −0.0011% | 8h | 0.7990 | +0.038% | $10K | $7K | 10x | as long as short |
| gTrade (Gains Network) APT/USD | L −0.0004% / S +0.0005% | 1h | 0.7993 | +0.076% | $21K | — | 150x | as long as short |
| Injective APT/USDC PERP | +0.0033% | 1h | 0.7780 | −2.592% | $2K | $241K | 12x | as long as short |
| Lighter APTlong | +0.0096% | 1h | 0.7987 | long leg | $428K | $392K | 10x | |
| Aster APTUSDT | +0.0100% | 8h | 0.7990 | +0.038% | $307K | $479K | 20x | as long as short |
| Binance APTUSDT | +0.0100% | 8h | 0.7993 | +0.077% | $30.3M | $101.1M | 75x | as long as short |
| Bybit APTUSDT | +0.0100% | 8h | 0.7981 | −0.075% | $29.7M | $37.0M | 50x | as long as short |
Kraken Futures PF_APTUSD
Deribit APT_USDC-PERPETUAL
Variational Omni APT
Orderly PERP_APT_USDC
gTrade (Gains Network) APT/USD
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 | 0.7982 | −0.063% | $6.4M | $24.9M | 50x | as long as short |
| Gate APT_USDT | +0.0100% | 8h | 0.7985 | −0.025% | $2.8M | $4.8M | 75x | as long as short |
| MEXC APT_USDT | +0.0100% | 8h | 0.7986 | −0.013% | $29.0M | $14.9M | 200x | as long as short |
| KuCoin APTUSDTM | +0.0100% | 8h | 0.7986 | −0.013% | $5.6M | $12.3M | 50x | as long as short |
| Bitget APTUSDT | +0.0100% | 8h | 0.7981 | −0.075% | $9.0M | $12.7M | 75x | as long as short |
| BingX APT-USDC | +0.0100% | 8h | 0.7992 | +0.063% | — | $6.5M | — | as long as short |
| ApeX Omni APTUSDT | +0.0100% | 1h | 0.8020 | +0.413% | $66K | $571K | 50x | as long as short |
| SunX APT-USDT | +0.0100% | 8h | 0.7982 | −0.063% | $6K | $1.5M | 20x | as long as short |
| SoDEX APT-USD | +0.0100% | 1h | 0.7987 | 0.000% | $59 | $6K | 5x | as long as short |
| HTX APT-USDT | +0.0100% | 8h | 0.8014 | +0.338% | $270K | $140K | 50x | as long as short |
| Extended APT-USD | +0.0104% | 1h | 0.7981 | −0.081% | $86K | $464K | 25x | as long as short |
| Aevo APT-PERP | +0.0104% | 1h | 0.7992 | +0.068% | $25K | — | 3x | as long as short |
| Backpack APT_USDC_PERPshort | +0.0137% | 1h | 0.7992 | +0.063% | $201K | $369K | 20x | |
| Hyperliquid APT | +0.0148% | 1h | 0.7999 | +0.150% | $6.2M | $5.7M | 10x | as long as short |
| GMX APT/USD [ETH-USDC] | L +0.0191% / S −0.0143% | 1h | 0.7991 | +0.052% | $17K | — | 100x | as long as short |
| BloFin APT-USDT | +0.0220% | 8h | 0.7996 | +0.113% | $1.5M | $831K | 75x | as long as short |
| Coinbase International APT-PERP-INTX | +0.0240% | 1h | 0.8083 | +1.202% | $215K | $585K | 50x | as long as short |
| Reya APTRUSDPERP | +0.0471% | 1h | 0.7990 | +0.034% | $3K | — | 20x | as long as short |
| dYdX APT-USD | +0.0795% | 1h | 0.8009 | +0.273% | $56K | $6K | 10x | as long as short |
| 01 Exchange APTUSD | +0.1736% | 1h | 0.8051 | +0.801% | $2K | — | 5x | as long as short |
OKX APT-USDT-SWAP
Gate APT_USDT
MEXC APT_USDT
KuCoin APTUSDTM
Bitget APTUSDT
BingX APT-USDC
ApeX Omni APTUSDT
SunX APT-USDT
SoDEX APT-USD
HTX APT-USDT
Extended APT-USD
Aevo APT-PERP
Hyperliquid APT
GMX APT/USD [ETH-USDC]
BloFin APT-USDT
Coinbase International APT-PERP-INTX
Reya APTRUSDPERP
dYdX APT-USD
01 Exchange APTUSD