Funding you earn now, next payment 00:00 UTC−0.0096%/8h= −10.5% APRnext payment −$0.12 per $10,000 · paid last 24h −0.059%
Price spread now: Deribit against Lighter+0.088%7-day average +0.084% · you sell dearer than you buy
Net, funding: paid 7d − costs−$54as in the Funding arb table
Net, price: spread back to 7d avg − costs−$38as in the Price arb table
costs, in and out, $10k−$390.388% of the position
Funding, last 7 days−0.151%−$15 on $10k
+Price spread, last 3 days (all we have)+0.798%+$80 · spread now +0.088%, 7d avg +0.084%
=Together, before fees+0.647%+ Points / potential airdropLighter: Season 3 · farm board+$65 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.084%, so right now this pair is about funding alone: −$3 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 | 0.7993 | 0.0096 | pay 0.0012% / 1h | 8m 39s | $430K | $394K | 10x |
| Short | Deribit APT_USDC-PERPETUAL | 0.8000 | 0 | get 0.0000% / 1h | 8m 39s | $13K | $417K | 50x |
Lighter APT
Deribit APT_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit 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
- −$20.16
- Price spread: +0.088% → +0.084%
- $0.35
- Slippage, 4 orders
- −$31.84
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$58.65
- Costs to cover
- 0.388%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 61 min ago; Deribit: 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 | 2.54 bp | 4.8 bp −$5 | 46.3 bp −$463 | doesn't fit | doesn't fit |
| Sell Deribit live order book, 5 min ago | 7.51 bp | 11.0 bp −$11 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_APTUSD | −0.0397% | 1h | 0.8006 | +0.158% | $554K | $637K | 50x | as long as short |
| Variational Omni APT | −0.0039% | 8h | 0.7974 | −0.233% | $522K | $322K | — | as long as short |
| Orderly PERP_APT_USDC | −0.0010% | 8h | 0.7996 | +0.038% | $10K | $7K | 10x | as long as short |
| gTrade (Gains Network) APT/USD | L −0.0004% / S +0.0005% | 1h | 0.8002 | +0.107% | $21K | — | 150x | as long as short |
| Deribit APT_USDC-PERPETUALshort | 0.0000% | 1h | 0.8000 | +0.088% | $13K | $417K | 50x | |
| Injective APT/USDC PERP | +0.0033% | 1h | 0.7780 | −2.665% | $2K | $241K | 12x | as long as short |
| Lighter APTlong | +0.0096% | 1h | 0.7993 | long leg | $430K | $394K | 10x | |
| Aster APTUSDT | +0.0100% | 8h | 0.8001 | +0.097% | $309K | $489K | 20x | as long as short |
| Binance APTUSDT | +0.0100% | 8h | 0.7998 | +0.064% | $30.3M | $101.8M | 75x | as long as short |
| Bybit APTUSDT | +0.0100% | 8h | 0.7991 | −0.025% | $29.6M | $37.1M | 50x | as long as short |
Kraken Futures PF_APTUSD
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 | 0.7989 | −0.050% | $6.3M | $24.9M | 50x | as long as short |
| Gate APT_USDT | +0.0100% | 8h | 0.7994 | +0.013% | $2.8M | $4.9M | 75x | as long as short |
| MEXC APT_USDT | +0.0100% | 8h | 0.7997 | +0.050% | $29.2M | $15.0M | 200x | as long as short |
| KuCoin APTUSDTM | +0.0100% | 8h | 0.7989 | −0.050% | $5.6M | $12.3M | 50x | as long as short |
| Bitget APTUSDT | +0.0100% | 8h | 0.7990 | −0.038% | $9.0M | $12.6M | 75x | as long as short |
| BingX APT-USDT | +0.0100% | 8h | 0.7992 | −0.013% | — | $25.9M | — | as long as short |
| ApeX Omni APTUSDT | +0.0100% | 1h | 0.7990 | −0.038% | $65K | $571K | 50x | as long as short |
| SunX APT-USDT | +0.0100% | 8h | 0.7987 | −0.075% | $6K | $1.5M | 20x | as long as short |
| SoDEX APT-USD | +0.0100% | 1h | 0.8000 | +0.088% | $56 | $6K | 5x | as long as short |
| HTX APT-USDT | +0.0100% | 8h | 0.8002 | +0.113% | $269K | $142K | 50x | as long as short |
| Extended APT-USD | +0.0104% | 1h | 0.7987 | −0.076% | $85K | $464K | 25x | as long as short |
| Aevo APT-PERP | +0.0104% | 1h | 0.7994 | +0.010% | $25K | — | 3x | as long as short |
| Hyperliquid APT | +0.0123% | 1h | 0.8007 | +0.175% | $6.3M | $5.7M | 10x | as long as short |
| Backpack APT_USDC_PERP | +0.0128% | 1h | 0.8010 | +0.213% | $205K | $371K | 20x | as long as short |
| GMX APT/USD [ETH-USDC] | L +0.0191% / S −0.0143% | 1h | 0.8002 | +0.114% | $17K | — | 100x | as long as short |
| BloFin APT-USDT | +0.0220% | 8h | 0.8000 | +0.088% | $1.5M | $833K | 75x | as long as short |
| Coinbase International APT-PERP-INTX | +0.0240% | 1h | 0.8010 | +0.213% | $212K | $581K | 50x | as long as short |
| Reya APTRUSDPERP | +0.0472% | 1h | 0.8000 | +0.085% | $3K | — | 20x | as long as short |
| dYdX APT-USD | +0.0674% | 1h | 0.8000 | +0.086% | $56K | $6K | 10x | as long as short |
| 01 Exchange APTUSD | +0.1784% | 1h | 0.8041 | +0.601% | $2K | — | 5x | as long as short |
OKX APT-USDT-SWAP
Gate APT_USDT
MEXC APT_USDT
KuCoin APTUSDTM
Bitget APTUSDT
BingX APT-USDT
ApeX Omni APTUSDT
SunX APT-USDT
SoDEX APT-USD
HTX APT-USDT
Extended APT-USD
Aevo APT-PERP
Hyperliquid APT
Backpack APT_USDC_PERP
GMX APT/USD [ETH-USDC]
BloFin APT-USDT
Coinbase International APT-PERP-INTX
Reya APTRUSDPERP
dYdX APT-USD
01 Exchange APTUSD