APT

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0144%/8h= +15.8% APRnext payment +$0.18 per $10,000 · paid last 24h +0.063%

Price spread now: Coinbase International against Lighter−0.298%7-day average +0.200% · you buy dearer than you sell

Net, funding: paid 7d − costs−$22as in the Funding arb table

Net, price: spread back to 7d avg − costs−$112as in the Price arb table

costs, in and out, $10k−$620.620% of the position

Long on Lighter Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.404%+$40 on $10k

Price spread, last 3 days (all we have)+1.382%+$138 · spread now −0.298%, 7d avg +0.200%

Together, before fees+1.786%+ Points / potential airdropLighter: Season 3 · farm board+$179 on $10k · with fees, hour by hour

Funding pays, the price is against you. Coinbase International is 0.499% cheaper against Lighter than usual: you would sell low and buy high (spread −0.298% now, against its 7-day average of +0.200%). If the spread goes back, that is −$50 on $10k: about 12 days of funding at the current rate (+$4 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter APT	0.8041	0.0096	pay 0.0012% / 1h	25m 19s	$438K	$361K	10x
Short	Coinbase International APT-PERP-INTX	0.8017	0.0240	get 0.0030% / 1h	25m 19s	$213K	$575K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Lighter. 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 LighterbpFee Coinbase InternationalbpOrdersPrice spread, now −0.298%Rate

Funding earned: $30.24
Price spread: −0.298% → +0.200%: −$49.87
Slippage, 4 orders: −$52.01
Fee Lighter: 0 bp × 2 orders: $0
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$81.64
Costs to cover: 0.620%
Break-even: 25.9 days

Slippage from Lighter: live order book, 45 min ago; Coinbase International: live order book, 53 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, 45 min ago	2.54 bp	4.8 bp −$5	46.3 bp −$463	doesn't fit	doesn't fit
Sell Coinbase International live order book, 53 min ago	9.56 bp	24.5 bp −$24	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	−0.0396%	1h	0.8030	−0.134%	$555K	$640K	50x	as long as short
Variational Omni APT	−0.0032%	8h	0.8013	−0.353%	$523K	$320K	—	as long as short
Orderly PERP_APT_USDC	−0.0009%	8h	0.8052	+0.137%	$11K	$7K	10x	as long as short
gTrade (Gains Network) APT/USD	L −0.0004% / S +0.0005%	1h	0.8048	+0.082%	$21K	—	150x	as long as short
Deribit APT_USDC-PERPETUAL	0.0000%	1h	0.8026	−0.187%	$14K	$415K	50x	as long as short
Injective APT/USDC PERP	+0.0033%	1h	0.7780	−3.246%	$2K	$241K	12x	as long as short
Lighter APTlong	+0.0096%	1h	0.8041	long leg	$438K	$361K	10x
Aster APTUSDT	+0.0100%	8h	0.8040	−0.011%	$313K	$477K	20x	as long as short
Binance APTUSDT	+0.0100%	8h	0.8049	+0.099%	$30.2M	$100.1M	75x	as long as short
Bybit APTUSDT	+0.0100%	8h	0.8044	+0.037%	$29.9M	$36.8M	50x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX APT-USDT-SWAP	+0.0100%	8h	0.8046	+0.062%	$6.4M	$24.8M	50x	as long as short
Gate APT_USDT	+0.0100%	8h	0.8052	+0.137%	$2.8M	$4.8M	75x	as long as short
MEXC APT_USDT	+0.0100%	8h	0.8048	+0.087%	$29.4M	$14.8M	200x	as long as short
KuCoin APTUSDTM	+0.0100%	8h	0.8038	−0.037%	$5.6M	$12.2M	50x	as long as short
Bitget APTUSDT	+0.0100%	8h	0.8041	0.000%	$9.0M	$12.6M	75x	as long as short
BingX APT-USDC	+0.0100%	8h	0.8051	+0.124%	—	$6.5M	—	as long as short
ApeX Omni APTUSDT	+0.0100%	1h	0.7990	−0.634%	$67K	$568K	50x	as long as short
SunX APT-USDT	+0.0100%	8h	0.8013	−0.348%	$5K	$1.5M	20x	as long as short
SoDEX APT-USD	+0.0100%	1h	0.8024	−0.211%	$64	$6K	5x	as long as short
HTX APT-USDT	+0.0100%	8h	0.8045	+0.050%	$271K	$140K	50x	as long as short
Extended APT-USD	+0.0104%	1h	0.8036	−0.058%	$85K	$464K	25x	as long as short
Aevo APT-PERP	+0.0104%	1h	0.8049	+0.100%	$25K	—	3x	as long as short
Hyperliquid APT	+0.0130%	1h	0.8046	+0.062%	$6.2M	$5.5M	10x	as long as short
Backpack APT_USDC_PERP	+0.0141%	1h	0.8025	−0.199%	$203K	$369K	20x	as long as short
GMX APT/USD [ETH-USDC]	L +0.0191% / S −0.0143%	1h	0.8051	+0.127%	$18K	—	100x	as long as short
BloFin APT-USDT	+0.0220%	8h	0.8039	−0.025%	$1.5M	$831K	75x	as long as short
Coinbase International APT-PERP-INTXshort	+0.0240%	1h	0.8017	−0.298%	$213K	$575K	50x
Reya APTRUSDPERP	+0.0471%	1h	0.8039	−0.026%	$3K	—	20x	as long as short
dYdX APT-USD	+0.0977%	1h	0.8041	−0.004%	$56K	$6K	10x	as long as short
01 Exchange APTUSD	+0.1160%	1h	0.8174	+1.654%	$2K	—	5x	as long as short