Funding you earn now, next payment 22:00 UTC−0.0459%/8h= −50.3% APRnext payment −$0.57 per $10,000 · paid last 24h −0.098%
Price spread now: Kraken Futures against Lighter+0.036%7-day average +0.084% · you sell dearer than you buy
Net, funding: paid 7d − costs−$67as in the Funding arb table
Net, price: spread back to 7d avg − costs−$72as in the Price arb table
costs, in and out, $10k−$670.667% of the position
Funding, last 7 days+0.002%$0 on $10k
+Price spread, last 3 days (all we have)+1.535%+$153 · spread now +0.036%, 7d avg +0.084%
=Together, before fees+1.536%+ Points / potential airdropLighter: Season 3 · farm board+$154 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$14 a day on $10k at the current rate, and Kraken Futures is 0.048% cheaper against Lighter than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.084%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.002% in total (about 0.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.57 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter APT | 0.7788 | 0.0096 | pay 0.0012% / 1h | 2m 02s | $427K | $351K | 10x |
| Short | Kraken Futures PF_APTUSD | 0.7791 | −0.0363 | pay 0.0045% / 1h | 2m 02s | $534K | $617K | 50x |
Lighter APT
Kraken Futures PF_APTUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures 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
- −$96.38
- Price spread: +0.036% → +0.084%
- −$4.8
- Slippage, 4 orders
- −$56.72
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$167.91
- Costs to cover
- 0.667%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 13 min ago; Kraken Futures: live order book, 21 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, 13 min ago | 3.20 bp | 5.5 bp −$6 | 47.7 bp −$477 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 21 min ago | 10.86 bp | 28.7 bp −$29 | 86.1 bp −$861 | 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 | −0.0464% | 1h | 0.7784 | −0.051% | $2K | — | 5x | as long as short |
| Deribit APT_USDC-PERPETUAL | −0.0391% | 1h | 0.7792 | +0.051% | $7K | $382K | 50x | as long as short |
| Kraken Futures PF_APTUSDshort | −0.0363% | 1h | 0.7791 | +0.036% | $534K | $617K | 50x | |
| Variational Omni APT | −0.0097% | 8h | 0.7789 | +0.015% | $611K | $224K | — | as long as short |
| Orderly PERP_APT_USDC | −0.0020% | 8h | 0.7793 | +0.064% | $10K | $7K | 10x | as long as short |
| Injective APT/USDC PERP | −0.0016% | 1h | 0.7780 | −0.103% | $2K | $200K | 12x | as long as short |
| gTrade (Gains Network) APT/USD | L −0.0004% / S +0.0005% | 1h | 0.7797 | +0.111% | $21K | — | 150x | as long as short |
| Lighter APTlong | +0.0096% | 1h | 0.7788 | long leg | $427K | $351K | 10x | |
| Hyperliquid APT | +0.0100% | 1h | 0.7797 | +0.116% | $5.9M | $5.1M | 10x | as long as short |
| Aster APTUSDT | +0.0100% | 8h | 0.7798 | +0.128% | $308K | $459K | 20x | as long as short |
01 Exchange APTUSD
Deribit APT_USDC-PERPETUAL
Variational Omni APT
Orderly PERP_APT_USDC
Injective APT/USDC PERP
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 | 0.7790 | +0.026% | $28.7M | $96.6M | 75x | as long as short |
| Bybit APTUSDT | +0.0100% | 8h | 0.7791 | +0.039% | $29.0M | $35.4M | 50x | as long as short |
| OKX APT-USDT-SWAP | +0.0100% | 8h | 0.7788 | 0.000% | $6.2M | $23.2M | 50x | as long as short |
| Gate APT_USDT | +0.0100% | 8h | 0.7789 | +0.013% | $2.7M | $4.7M | 75x | as long as short |
| MEXC APT_USDT | +0.0100% | 8h | 0.7789 | +0.013% | $27.9M | $14.6M | 200x | as long as short |
| KuCoin APTUSDTM | +0.0100% | 8h | 0.7793 | +0.064% | $5.5M | $12.2M | 50x | as long as short |
| Bitget APTUSDT | +0.0100% | 8h | 0.7786 | −0.026% | $9.0M | $12.2M | 75x | as long as short |
| BingX APT-USDT | +0.0100% | 8h | 0.7789 | +0.013% | — | $26.2M | — | as long as short |
| Backpack APT_USDC_PERP | +0.0100% | 1h | 0.7794 | +0.077% | $197K | $359K | 20x | as long as short |
| ApeX Omni APTUSDT | +0.0100% | 1h | 0.7790 | +0.026% | $65K | $568K | 50x | as long as short |
| SunX APT-USDT | +0.0100% | 8h | 0.7776 | −0.154% | $6K | $1.4M | 20x | as long as short |
| SoDEX APT-USD | +0.0100% | 1h | 0.7788 | 0.000% | $55 | $6K | 5x | as long as short |
| HTX APT-USDT | +0.0100% | 8h | 0.7803 | +0.193% | $263K | $137K | 50x | as long as short |
| Extended APT-USD | +0.0104% | 1h | 0.7787 | −0.017% | $83K | $479K | 25x | as long as short |
| Aevo APT-PERP | +0.0104% | 1h | 0.7790 | +0.026% | $24K | — | 3x | as long as short |
| GMX APT/USD [ETH-USDC] | L +0.0189% / S −0.0143% | 1h | 0.7796 | +0.105% | $17K | — | 100x | as long as short |
| BloFin APT-USDT | +0.0220% | 8h | 0.7795 | +0.090% | $1.5M | $775K | 75x | as long as short |
| Coinbase International APT-PERP-INTX | +0.0280% | 1h | 0.7800 | +0.154% | $210K | $544K | 50x | as long as short |
| Reya APTRUSDPERP | +0.0465% | 1h | 0.7789 | +0.009% | $3K | — | 20x | as long as short |
| dYdX APT-USD | +0.0807% | 1h | 0.7800 | +0.149% | $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