Funding arb · Price arb /

APT

all APT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0103%/8h= +11.3% APRpaid last 24h +0.025%

Price spread now: Lighter against Orderly−0.228%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Orderly Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories

Funding pays, the price is against you. Lighter is 0.228% cheaper against Orderly than usual: you would sell low and buy high (spread −0.228% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$23 on $10k: about 7.4 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_APT_USDC	0.7885	−0.0007	get 0.0007% / 8h	7h 41m	$10K	$7K	10x
Short	Lighter APT	0.7867	0.0096	get 0.0012% / 1h	41m 48s	$422K	$404K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Orderly. 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 OrderlybpFee LighterbpOrdersPrice spread, now −0.228%Rate

Funding earned: $21.66
Price spread: −0.228% → 0.000%: −$22.83
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Lighter: 0 bp × 2 orders: $0
Net: −$7.17
Costs to cover: 0.060%
Break-even: 9.3 days

Slippage unknown: Orderly: no order-book sample; Lighter: live order book, 23 min ago. Net counts fees only.

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 Orderly no order-book sample	—	—	—	—	—
Sell Lighter live order book, 23 min ago	4.39 bp	11.6 bp −$12	75.3 bp −$753	doesn't fit	doesn't fit

Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0028%	8h	0.7839	−0.580%	$512K	$322K	—	as long as short
Orderly PERP_APT_USDClong	−0.0007%	8h	0.7885	long leg	$10K	$7K	10x
gTrade (Gains Network) APT/USD	L −0.0004% / S +0.0005%	1h	0.7880	−0.069%	$21K	—	150x	as long as short
Deribit APT_USDC-PERPETUAL	0.0000%	1h	0.7883	−0.025%	$13K	$418K	50x	as long as short
dYdX APT-USD	+0.0004%	1h	0.7871	−0.178%	$55K	$6K	10x	as long as short
Injective APT/USDC PERP	+0.0033%	1h	0.7780	−1.332%	$2K	$241K	12x	as long as short
Lighter APTshort	+0.0096%	1h	0.7867	−0.228%	$422K	$404K	10x
Hyperliquid APT	+0.0100%	1h	0.7882	−0.038%	$6.0M	$5.8M	10x	as long as short
Aster APTUSDT	+0.0100%	8h	0.7880	−0.067%	$296K	$492K	20x	as long as short
Binance APTUSDT	+0.0100%	8h	0.7867	−0.228%	$29.8M	$103.8M	75x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit APTUSDT	+0.0100%	8h	0.7861	−0.304%	$29.1M	$37.5M	50x	as long as short
OKX APT-USDT-SWAP	+0.0100%	8h	0.7862	−0.292%	$6.0M	$25.0M	50x	as long as short
Gate APT_USDT	+0.0100%	8h	0.7874	−0.140%	$2.8M	$4.8M	75x	as long as short
MEXC APT_USDT	+0.0100%	8h	0.7873	−0.152%	$28.7M	$15.0M	200x	as long as short
KuCoin APTUSDTM	+0.0100%	8h	0.7878	−0.089%	$5.5M	$12.2M	50x	as long as short
Bitget APTUSDT	+0.0100%	8h	0.7869	−0.203%	$8.9M	$12.8M	75x	as long as short
BingX APT-USDC	+0.0100%	8h	0.7873	−0.152%	—	$6.5M	—	as long as short
Backpack APT_USDC_PERP	+0.0100%	1h	0.7882	−0.038%	$196K	$376K	20x	as long as short
ApeX Omni APTUSDT	+0.0100%	1h	0.7850	−0.444%	$64K	$573K	50x	as long as short
SunX APT-USDT	+0.0100%	8h	0.7852	−0.419%	$6K	$1.5M	20x	as long as short
SoDEX APT-USD	+0.0100%	1h	0.7880	−0.063%	$55	$6K	5x	as long as short
HTX APT-USDT	+0.0100%	8h	0.7840	−0.571%	$264K	$141K	50x	as long as short
Extended APT-USD	+0.0104%	1h	0.7868	−0.218%	$80K	$588K	25x	as long as short
Aevo APT-PERP	+0.0104%	1h	0.7880	−0.059%	$29K	$5K	3x	as long as short
GMX APT/USD [ETH-USDC]	L +0.0190% / S −0.0143%	1h	0.7881	−0.045%	$17K	—	100x	as long as short
BloFin APT-USDT	+0.0220%	8h	0.7866	−0.241%	$1.5M	$821K	75x	as long as short
Coinbase International APT-PERP-INTX	+0.0232%	1h	0.7870	−0.190%	$208K	$574K	50x	as long as short
Reya APTRUSDPERP	+0.0473%	1h	0.7863	−0.280%	$3K	—	20x	as long as short
Kraken Futures PF_APTUSD	+0.0477%	1h	0.7885	+0.001%	$541K	$647K	50x	as long as short
01 Exchange APTUSD	+0.3080%	1h	0.7881	−0.051%	$2K	—	5x	as long as short