Funding you earn now, next payment 23:00 UTC−0.0129%/8h= −14.1% APRnext payment −$0.16 per $10,000 · paid last 24h −0.328%
Price spread now: Injective against Lighter−0.816%66s7-day average −0.209% · you buy dearer than you sell
Net, funding: paid 7d − costs−$148as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$1171.169% of the position
Funding, last 7 days−0.306%−$31 on $10k
+Price spread, last 3 days (all we have)+1.551%+$155 · spread now −0.816%, 7d avg −0.209%
=Together, before fees+1.245%+ Points / potential airdropLighter: Season 3 · farm board+$124 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Injective is 0.607% cheaper against Lighter than usual: you would sell low and buy high (−$61 if the spread goes back to its 7-day average of −0.209%). Swap the legs. The two prices were read 66 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter APT | 0.7844 | 0.0096 | pay 0.0012% / 1h | 40m 04s | $430K | $350K | 10x |
| Short | Injective APT/USDC PERP | 0.7780 | −0.0033 | pay 0.0004% / 1h | 40m 04s | $2K | $241K | 12x |
Lighter APT
Injective APT/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective 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
- −$27.03
- Price spread: −0.816% → −0.209%
- −$60.74
- Slippage, 4 orders
- −$116.88
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$204.67
- Costs to cover
- 1.169%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 35 min ago; Injective: live order book, 44 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, 35 min ago | 3.20 bp | 5.5 bp −$6 | 47.7 bp −$477 | doesn't fit | doesn't fit |
| Sell Injective live order book, 44 min ago | 51.09 bp | 51.1 bp −$51 | 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 | |
|---|---|---|---|---|---|---|---|---|
| 01 Exchange APTUSD | −0.0520% | 1h | 0.7829 | −0.191% | $2K | — | 5x | as long as short |
| Kraken Futures PF_APTUSD | −0.0423% | 1h | 0.7844 | +0.004% | $535K | $627K | 50x | as long as short |
| Variational Omni APT | −0.0084% | 8h | 0.7837 | −0.094% | $615K | $224K | — | as long as short |
| Injective APT/USDC PERPshort | −0.0033% | 1h | 0.7780 | −0.816% | $2K | $241K | 12x | |
| Orderly PERP_APT_USDC | −0.0021% | 8h | 0.7841 | −0.038% | $10K | $7K | 10x | as long as short |
| Deribit APT_USDC-PERPETUAL | −0.0005% | 1h | 0.7844 | 0.000% | $7K | $372K | 50x | as long as short |
| gTrade (Gains Network) APT/USD | L −0.0004% / S +0.0005% | 1h | 0.7843 | −0.018% | $22K | — | 150x | as long as short |
| Lighter APTlong | +0.0096% | 1h | 0.7844 | long leg | $430K | $350K | 10x | |
| Hyperliquid APT | +0.0100% | 1h | 0.7858 | +0.178% | $5.9M | $5.1M | 10x | as long as short |
| Aster APTUSDT | +0.0100% | 8h | 0.7843 | −0.011% | $305K | $464K | 20x | as long as short |
01 Exchange APTUSD
Kraken Futures PF_APTUSD
Variational Omni APT
Orderly PERP_APT_USDC
Deribit APT_USDC-PERPETUAL
gTrade (Gains Network) APT/USD
Hyperliquid APT
Aster APTUSDTShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance APTUSDT | +0.0100% | 8h | 0.7855 | +0.137% | $29.0M | $97.0M | 75x | as long as short |
| Bybit APTUSDT | +0.0100% | 8h | 0.7851 | +0.089% | $29.3M | $35.3M | 50x | as long as short |
| OKX APT-USDT-SWAP | +0.0100% | 8h | 0.7850 | +0.076% | $6.2M | $23.5M | 50x | as long as short |
| Gate APT_USDT | +0.0100% | 8h | 0.7848 | +0.051% | $2.7M | $4.6M | 75x | as long as short |
| MEXC APT_USDT | +0.0100% | 8h | 0.7849 | +0.064% | $28.1M | $14.4M | 200x | as long as short |
| KuCoin APTUSDTM | +0.0100% | 8h | 0.7847 | +0.038% | $5.5M | $12.2M | 50x | as long as short |
| Bitget APTUSDT | +0.0100% | 8h | 0.7852 | +0.102% | $9.0M | $12.2M | 75x | as long as short |
| BingX APT-USDT | +0.0100% | 8h | 0.7848 | +0.051% | — | $26.2M | — | as long as short |
| Backpack APT_USDC_PERP | +0.0100% | 1h | 0.7851 | +0.089% | $200K | $363K | 20x | as long as short |
| ApeX Omni APTUSDT | +0.0100% | 1h | 0.7820 | −0.306% | $65K | $567K | 50x | as long as short |
| SunX APT-USDT | +0.0100% | 8h | 0.7821 | −0.293% | $6K | $1.4M | 20x | as long as short |
| SoDEX APT-USD | +0.0100% | 1h | 0.7841 | −0.038% | $64 | $6K | 5x | as long as short |
| HTX APT-USDT | +0.0100% | 8h | 0.7843 | −0.013% | $264K | $137K | 50x | as long as short |
| Extended APT-USD | +0.0104% | 1h | 0.7848 | +0.051% | $84K | $479K | 25x | as long as short |
| Aevo APT-PERP | +0.0104% | 1h | 0.7846 | +0.025% | $24K | — | 3x | as long as short |
| GMX APT/USD [ETH-USDC] | L +0.0189% / S −0.0143% | 1h | 0.7843 | −0.007% | $17K | — | 100x | as long as short |
| BloFin APT-USDT | +0.0220% | 8h | 0.7833 | −0.140% | $1.5M | $770K | 75x | as long as short |
| Coinbase International APT-PERP-INTX | +0.0288% | 1h | 0.7852 | +0.102% | $208K | $554K | 50x | as long as short |
| Reya APTRUSDPERP | +0.0466% | 1h | 0.7835 | −0.111% | $3K | — | 20x | as long as short |
| dYdX APT-USD | +0.0642% | 1h | 0.7832 | −0.154% | $55K | $5K | 10x | as long as short |
Binance APTUSDT
Bybit APTUSDT
OKX APT-USDT-SWAP
Gate APT_USDT
MEXC APT_USDT
KuCoin APTUSDTM
Bitget APTUSDT
BingX APT-USDT
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