Funding you earn now, next payment 06:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.016%
Price spread now: Bybit against Lighter−0.185%7-day average −0.022% · you buy dearer than you sell
Net, funding: paid 7d − costs−$44as in the Funding arb table
Net, price: spread back to 7d avg − costs−$56as in the Price arb table
costs, in and out, $10k−$400.402% of the position
Funding, last 7 days−0.036%−$4 on $10k
+Price spread, last 4 days (all we have)+0.236%+$24 · spread now −0.185%, 7d avg −0.022%
=Together, before fees+0.200%+ Points / potential airdropLighter: Season 3 · farm board+$20 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: Bybit is 0.163% cheaper against Lighter than usual: you would sell low and buy high, −$16 on $10k if it goes back to its 7-day average of −0.022%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter APT | 0.7584 | 0.0096 | pay 0.0012% / 1h | 43m 24s | $405K | $425K | 10x |
| Short | Bybit APTUSDT | 0.7570 | 0.0100 | get 0.0100% / 8h | 2h 43m | $27.0M | $40.8M | 50x |
Lighter APT
Bybit APTUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- $0.84
- Price spread: −0.185% → −0.022%
- −$16.26
- Slippage, 4 orders
- −$29.17
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$55.59
- Costs to cover
- 0.402%
- Break-even
- 470.2 days
Slippage from Lighter: live order book, 61 min ago; Bybit: live order book, 5 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, 61 min ago | 1.95 bp | 5.5 bp −$5 | 44.4 bp −$444 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 5 min ago | 0.66 bp | 10.9 bp −$11 | 24.7 bp −$247 | 74.9 bp −$7,493 | 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 | 0.7578 | −0.073% | $20K | — | 150x | as long as short |
| Deribit APT_USDC-PERPETUAL | 0.0000% | 1h | 0.7586 | +0.026% | $6K | $556K | 50x | as long as short |
| Variational Omni APT | +0.0009% | 8h | 0.7578 | −0.077% | $506K | $416K | — | as long as short |
| Orderly PERP_APT_USDC | +0.0018% | 8h | 0.7585 | +0.013% | $10K | $7K | 10x | as long as short |
| Injective APT/USDC PERP | +0.0033% | 1h | 0.7780 | +2.584% | $2K | $240K | 12x | as long as short |
| Lighter APTlong | +0.0096% | 1h | 0.7584 | long leg | $405K | $425K | 10x | |
| Hyperliquid APT | +0.0100% | 1h | 0.7582 | −0.026% | $4.9M | $6.3M | 10x | as long as short |
| Aster APTUSDT | +0.0100% | 8h | 0.7582 | −0.026% | $93K | $960K | 20x | as long as short |
| Binance APTUSDT | +0.0100% | 8h | 0.7576 | −0.105% | $27.4M | $107.0M | 75x | as long as short |
| Bybit APTUSDTshort | +0.0100% | 8h | 0.7570 | −0.185% | $27.0M | $40.8M | 50x |
gTrade (Gains Network) APT/USD
Deribit APT_USDC-PERPETUAL
Variational Omni APT
Orderly PERP_APT_USDC
Injective APT/USDC PERP
Hyperliquid APT
Aster APTUSDT
Binance 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 | 0.7576 | −0.105% | $5.6M | $24.9M | 50x | as long as short |
| Gate APT_USDT | +0.0100% | 8h | 0.7581 | −0.040% | $2.6M | $5.0M | 75x | as long as short |
| MEXC APT_USDT | +0.0100% | 8h | 0.7580 | −0.053% | $29.9M | $15.2M | 200x | as long as short |
| KuCoin APTUSDTM | +0.0100% | 8h | 0.7578 | −0.079% | $4.9M | $12.2M | 50x | as long as short |
| Bitget APTUSDT | +0.0100% | 8h | 0.7581 | −0.040% | $8.6M | $13.1M | 75x | as long as short |
| BingX APT-USDC | +0.0100% | 8h | 0.7579 | −0.066% | — | $6.5M | — | as long as short |
| Backpack APT_USDC_PERP | +0.0100% | 1h | 0.7589 | +0.066% | $188K | $357K | 20x | as long as short |
| ApeX Omni APTUSDT | +0.0100% | 1h | 0.7580 | −0.053% | $60K | $579K | 50x | as long as short |
| SunX APT-USDT | +0.0100% | 8h | 0.7567 | −0.224% | $6K | $1.5M | 20x | as long as short |
| SoDEX APT-USD | +0.0100% | 1h | 0.7584 | 0.000% | $95 | $6K | 5x | as long as short |
| HTX APT-USDT | +0.0100% | 8h | 0.7585 | +0.013% | $248K | $149K | 50x | as long as short |
| Extended APT-USD | +0.0104% | 1h | 0.7576 | −0.102% | $78K | $583K | 25x | as long as short |
| Aevo APT-PERP | +0.0104% | 1h | 0.7585 | +0.013% | $28K | $5K | 3x | as long as short |
| GMX APT/USD [ETH-USDC] | L +0.0136% / S −0.0090% | 1h | 0.7576 | −0.103% | $16K | — | 100x | as long as short |
| Kraken Futures PF_APTUSD | +0.0218% | 1h | 0.7586 | +0.032% | $526K | $625K | 50x | as long as short |
| BloFin APT-USDT | +0.0220% | 8h | 0.7576 | −0.105% | $1.4M | $968K | 75x | as long as short |
| Coinbase International APT-PERP-INTX | +0.0320% | 1h | 0.7630 | +0.607% | $220K | $460K | 50x | as long as short |
| Reya APTRUSDPERP | +0.0491% | 1h | 0.7577 | −0.090% | $3K | — | 20x | as long as short |
| dYdX APT-USD | +0.0718% | 1h | 0.7588 | +0.059% | $53K | $6K | 10x | as long as short |
| 01 Exchange APTUSD | +0.6608% | 1h | 0.7747 | +2.149% | $2K | — | 5x | as long as short |
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]
Kraken Futures PF_APTUSD
BloFin APT-USDT
Coinbase International APT-PERP-INTX
Reya APTRUSDPERP
dYdX APT-USD
01 Exchange APTUSD