APT

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0136%/8h= +14.9% APRnext payment +$0.17 per $10,000 · paid last 24h +0.061%

Price spread now: Coinbase International against Lighter+0.126%7-day average +0.200% · you sell dearer than you buy

Net, funding: paid 7d − costs−$70as in the Funding arb table

Net, price: spread back to 7d avg − costs−$118as in the Price arb table

costs, in and out, $10k−$1111.105% of the position

Long on Lighter Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.405%+$41 on $10k

Price spread, last 3 days (all we have)+0.809%+$81 · spread now +0.126%, 7d avg +0.200%

Together, before fees+1.214%+ Points / potential airdropLighter: Season 3 · farm board+$121 on $10k · with fees, hour by hour

Funding pays, the price is against you. Coinbase International is 0.074% cheaper against Lighter than usual: you would sell low and buy high (spread +0.126% now, against its 7-day average of +0.200%). If the spread goes back, that is −$7 on $10k: about 44 hours of funding at the current rate (+$4 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter APT	0.7920	0.0096	pay 0.0012% / 1h	18m 52s	$424K	$406K	10x
Short	Coinbase International APT-PERP-INTX	0.7930	0.0232	get 0.0029% / 1h	18m 52s	$209K	$549K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Lighter. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee LighterbpFee Coinbase InternationalbpOrdersPrice spread, now +0.126%Rate

Funding earned: $28.56
Price spread: +0.126% → +0.200%: −$7.42
Slippage, 4 orders: −$100.52
Fee Lighter: 0 bp × 2 orders: $0
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$89.37
Costs to cover: 1.105%
Break-even: 28.9 days

Slippage from Lighter: live order book, 46 min ago; Coinbase International: live order book, 54 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, 46 min ago	4.39 bp	7.6 bp −$8	46.0 bp −$460	doesn't fit	doesn't fit
Sell Coinbase International live order book, 54 min ago	15.06 bp	40.1 bp −$40	doesn't fit	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
Variational Omni APT	−0.0027%	8h	0.7923	+0.040%	$518K	$322K	—	as long as short
Orderly PERP_APT_USDC	−0.0004%	8h	0.7933	+0.164%	$10K	$7K	10x	as long as short
gTrade (Gains Network) APT/USD	L −0.0004% / S +0.0005%	1h	0.7935	+0.193%	$21K	—	150x	as long as short
Deribit APT_USDC-PERPETUAL	0.0000%	1h	0.7935	+0.189%	$13K	$418K	50x	as long as short
Injective APT/USDC PERP	+0.0033%	1h	0.7780	−1.768%	$2K	$241K	12x	as long as short
Lighter APTlong	+0.0096%	1h	0.7920	long leg	$424K	$406K	10x
Hyperliquid APT	+0.0100%	1h	0.7931	+0.139%	$6.2M	$5.7M	10x	as long as short
Aster APTUSDT	+0.0100%	8h	0.7931	+0.134%	$298K	$491K	20x	as long as short
Binance APTUSDT	+0.0100%	8h	0.7917	−0.038%	$30.0M	$103.4M	75x	as long as short
Bybit APTUSDT	+0.0100%	8h	0.7914	−0.076%	$29.3M	$37.2M	50x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX APT-USDT-SWAP	+0.0100%	8h	0.7910	−0.126%	$6.1M	$25.0M	50x	as long as short
Gate APT_USDT	+0.0100%	8h	0.7920	0.000%	$2.8M	$4.9M	75x	as long as short
MEXC APT_USDT	+0.0100%	8h	0.7914	−0.076%	$29.0M	$15.1M	200x	as long as short
KuCoin APTUSDTM	+0.0100%	8h	0.7913	−0.088%	$5.5M	$12.3M	50x	as long as short
Bitget APTUSDT	+0.0100%	8h	0.7918	−0.025%	$9.0M	$12.6M	75x	as long as short
BingX APT-USDT	+0.0100%	8h	0.7917	−0.038%	—	$25.6M	—	as long as short
Backpack APT_USDC_PERP	+0.0100%	1h	0.7927	+0.088%	$200K	$378K	20x	as long as short
ApeX Omni APTUSDT	+0.0100%	1h	0.7930	+0.126%	$64K	$572K	50x	as long as short
SunX APT-USDT	+0.0100%	8h	0.7916	−0.051%	$6K	$1.5M	20x	as long as short
SoDEX APT-USD	+0.0100%	1h	0.7919	−0.013%	$55	$6K	5x	as long as short
HTX APT-USDT	+0.0100%	8h	0.7946	+0.328%	$267K	$128K	50x	as long as short
Extended APT-USD	+0.0104%	1h	0.7909	−0.139%	$82K	$489K	25x	as long as short
Aevo APT-PERP	+0.0104%	1h	0.7926	+0.073%	$29K	$5K	3x	as long as short
dYdX APT-USD	+0.0142%	1h	0.7937	+0.220%	$56K	$6K	10x	as long as short
GMX APT/USD [ETH-USDC]	L +0.0190% / S −0.0143%	1h	0.7940	+0.247%	$17K	—	100x	as long as short
BloFin APT-USDT	+0.0220%	8h	0.7924	+0.051%	$1.5M	$894K	75x	as long as short
Coinbase International APT-PERP-INTXshort	+0.0232%	1h	0.7930	+0.126%	$209K	$549K	50x
Reya APTRUSDPERP	+0.0475%	1h	0.7936	+0.201%	$3K	—	20x	as long as short
Kraken Futures PF_APTUSD	+0.0475%	1h	0.7919	−0.011%	$543K	$640K	50x	as long as short
01 Exchange APTUSD	+0.1528%	1h	0.7921	+0.013%	$2K	—	5x	as long as short