S

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0004%/8h= −0.4% APRnext payment −$0.01 per $10,000 · paid last 24h −0.013%

Price spread now: Lighter against ApeX Omni−0.392%78s7-day average −0.022% · you buy dearer than you sell

Net, funding: paid 7d − costs−$268as 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−$1791.794% of the position

Long on ApeX Omni Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days−0.889%−$89 on $10k

Price spread, last 4 days (all we have)−0.414%−$41 · spread now −0.392%, 7d avg −0.022%

Together, before fees−1.303%+ Points / potential airdropLighter: Season 3 · farm board−$130 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Lighter is 0.371% cheaper against ApeX Omni than usual: you would sell low and buy high, −$37 on $10k if it goes back to its 7-day average of −0.022%. The two prices were read 78 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	ApeX Omni SUSDT	0.04080	0.0100	pay 0.0013% / 1h	28m 06s	$26K	$442K	50x
Short	Lighter S	0.04064	0.0096	get 0.0012% / 1h	28m 06s	$168K	$166K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against ApeX Omni. 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 ApeX OmnibpFee LighterbpOrdersPrice spread, now −0.392%Rate

Funding earned: −$0.84
Price spread: −0.392% → −0.022%: −$37.05
Slippage, 4 orders: −$169.39
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: −$217.28
Costs to cover: 1.794%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 39 min ago; Lighter: live order book, 22 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 ApeX Omni live order book, 39 min ago	25.00 bp	91.1 bp −$91	doesn't fit	doesn't fit	doesn't fit
Sell Lighter live order book, 22 min ago	6.21 bp	16.0 bp −$16	84.3 bp −$843	doesn't fit	doesn't fit

S on 24 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 SUSD	−0.7784%	1h	0.03940	−3.431%	$24K	$2K	5x	as long as short
Coinbase International S-PERP-INTX	−0.1464%	1h	0.04022	−1.422%	$48K	$16K	25x	as long as short
Kraken Futures PF_SUSD	−0.1249%	1h	0.04058	−0.546%	$34K	$16K	10x	as long as short
Variational Omni S	−0.0504%	4h	0.04066	−0.346%	$633K	$30K	—	as long as short
GMX S/USD [WBTC.b-USDC]	L −0.0206% / S +0.0198%	1h	0.04062	−0.436%	$1K	—	100x	as long as short
Reya SRUSDPERP	−0.0101%	1h	0.04066	−0.347%	$4	—	15x	as long as short
gTrade (Gains Network) S/USD	L +0.0001% / S +0.0006%	1h	0.04064	−0.391%	$2K	—	150x	as long as short
Injective S/USDC PERP	+0.0033%	1h	0.04100	+0.490%	$2K	$37K	12x	as long as short
Orderly PERP_S_USDC	+0.0043%	4h	0.04063	−0.417%	$102K	$334K	10x	as long as short
Lighter Sshort	+0.0096%	1h	0.04064	−0.392%	$168K	$166K	5x

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid S	+0.0100%	1h	0.04060	−0.493%	$1.0M	$572K	5x	as long as short
Aster SUSDT	+0.0100%	4h	0.04062	−0.432%	$44K	$134K	10x	as long as short
Binance SUSDT	+0.0100%	4h	0.04060	−0.490%	$5.6M	$14.9M	75x	as long as short
Bybit SUSDT	+0.0100%	4h	0.04054	−0.637%	$5.8M	$4.8M	50x	as long as short
OKX S-USDT-SWAP	+0.0100%	4h	0.04059	−0.515%	$1.0M	$4.2M	20x	as long as short
Gate S_USDT	+0.0100%	4h	0.04057	−0.564%	$336K	$203K	50x	as long as short
MEXC S_USDT	+0.0100%	4h	0.04060	−0.490%	$3.9M	$1.9M	200x	as long as short
KuCoin SUSDTM	+0.0100%	4h	0.04057	−0.564%	$1.9M	$2.7M	50x	as long as short
Bitget SUSDT	+0.0100%	4h	0.04060	−0.490%	$1.2M	$2.4M	50x	as long as short
BingX S-USDT	+0.0100%	4h	0.04056	−0.588%	—	$6.7M	—	as long as short
ApeX Omni SUSDTlong	+0.0100%	1h	0.04080	long leg	$26K	$442K	50x
Extended S-USD	+0.0104%	1h	0.04057	−0.553%	$231K	$1.1M	10x	as long as short
Deribit S_USDC-PERPETUAL	+0.0735%	1h	0.04063	−0.417%	$68K	$10K	10x	as long as short
Backpack S_USDC_PERP	+0.1052%	1h	0.04070	−0.245%	$118K	$348K	5x	as long as short