Funding you earn now, next payment 09:00 UTC−0.0160%/8h= −17.5% APRnext payment −$0.20 per $10,000 · paid last 24h −0.021%
Price spread now: Lighter against GMX−0.332%129s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 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
Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Lighter is 0.332% cheaper against GMX than usual: you would sell low and buy high (−$33 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 129 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 | GMX APT/USD [ETH-USDC] | 0.7771 | L +0.0136% / S −0.0090% | pay 0.0017% / 1h | 58m 54s | $17K | — | 100x |
| Short | Lighter APT | 0.7745 | −0.0024 | pay 0.0003% / 1h | 58m 54s | $413K | $394K | 10x |
GMX APT/USD [ETH-USDC]
Lighter APTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against GMX. 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
- −$33.62
- Price spread: −0.332% → 0.000%
- −$33.18
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$78.8
- Costs to cover
- 0.120%
- Break-even
- never at this rate
Slippage unknown: GMX: no order-book sample; Lighter: live order book, 26 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 GMX no order-book sample | — | — | — | — | — |
| Sell Lighter live order book, 26 min ago | 1.95 bp | 10.4 bp −$10 | 72.4 bp −$724 | doesn't fit | doesn't fit |
GMX: 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit APT_USDC-PERPETUAL | −0.0137% | 1h | 0.7747 | −0.306% | $20K | $586K | 50x | as long as short |
| Variational Omni APT | −0.0090% | 8h | 0.7755 | −0.202% | $496K | $411K | — | as long as short |
| Bybit APTUSDT | −0.0077% | 8h | 0.7744 | −0.345% | $27.5M | $35.1M | 50x | as long as short |
| SoDEX APT-USD | −0.0071% | 1h | 0.7744 | −0.345% | $84 | $6K | 5x | as long as short |
| Kraken Futures PF_APTUSD | −0.0040% | 1h | 0.7752 | −0.246% | $528K | $522K | 50x | as long as short |
| Lighter APTshort | −0.0024% | 1h | 0.7745 | −0.332% | $413K | $394K | 10x | |
| gTrade (Gains Network) APT/USD | L −0.0004% / S +0.0005% | 1h | 0.7767 | −0.051% | $21K | — | 150x | as long as short |
| Orderly PERP_APT_USDC | +0.0013% | 8h | 0.7752 | −0.242% | $10K | $6K | 10x | as long as short |
| Injective APT/USDC PERP | +0.0033% | 1h | 0.7780 | +0.119% | $2K | $240K | 12x | as long as short |
| Hyperliquid APT | +0.0100% | 1h | 0.7755 | −0.203% | $5.1M | $6.1M | 10x | as long as short |
Deribit APT_USDC-PERPETUAL
Variational Omni APT
Bybit APTUSDT
SoDEX APT-USD
Kraken Futures PF_APTUSD
gTrade (Gains Network) APT/USD
Orderly PERP_APT_USDC
Injective APT/USDC PERP
Hyperliquid APTShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster APTUSDT | +0.0100% | 8h | 0.7747 | −0.312% | $90K | $868K | 20x | as long as short |
| Binance APTUSDT | +0.0100% | 8h | 0.7749 | −0.280% | $28.2M | $90.9M | 75x | as long as short |
| OKX APT-USDT-SWAP | +0.0100% | 8h | 0.7750 | −0.267% | $5.7M | $22.7M | 50x | as long as short |
| Gate APT_USDT | +0.0100% | 8h | 0.7751 | −0.255% | $2.6M | $4.0M | 75x | as long as short |
| MEXC APT_USDT | +0.0100% | 8h | 0.7750 | −0.267% | $22.9M | $12.4M | 200x | as long as short |
| KuCoin APTUSDTM | +0.0100% | 8h | 0.7746 | −0.319% | $4.9M | $10.6M | 50x | as long as short |
| Bitget APTUSDT | +0.0100% | 8h | 0.7748 | −0.293% | $8.7M | $11.2M | 75x | as long as short |
| BingX APT-USDT | +0.0100% | 8h | 0.7747 | −0.306% | — | $23.7M | — | as long as short |
| Backpack APT_USDC_PERP | +0.0100% | 1h | 0.7752 | −0.242% | $184K | $334K | 20x | as long as short |
| ApeX Omni APTUSDT | +0.0100% | 1h | 0.7760 | −0.139% | $59K | $584K | 50x | as long as short |
| SunX APT-USDT | +0.0100% | 8h | 0.7744 | −0.345% | $6K | $1.2M | 20x | as long as short |
| HTX APT-USDT | +0.0100% | 8h | 0.7770 | −0.010% | $256K | $157K | 50x | as long as short |
| Extended APT-USD | +0.0104% | 1h | 0.7743 | −0.362% | $81K | $637K | 25x | as long as short |
| Aevo APT-PERP | +0.0104% | 1h | 0.7744 | −0.344% | $28K | $5K | 3x | as long as short |
| GMX APT/USD [ETH-USDC]long | L +0.0136% / S −0.0090% | 1h | 0.7771 | long leg | $17K | — | 100x | |
| BloFin APT-USDT | +0.0220% | 8h | 0.7744 | −0.345% | $1.4M | $767K | 75x | as long as short |
| Coinbase International APT-PERP-INTX | +0.0344% | 1h | 0.7787 | +0.209% | $223K | $298K | 50x | as long as short |
| Reya APTRUSDPERP | +0.0505% | 1h | 0.7744 | −0.339% | $3K | — | 20x | as long as short |
| dYdX APT-USD | +0.0930% | 1h | 0.7761 | −0.120% | $54K | $6K | 10x | as long as short |
| 01 Exchange APTUSD | +0.3432% | 1h | 0.7839 | +0.878% | $2K | — | 5x | as long as short |
Aster APTUSDT
Binance 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
HTX APT-USDT
Extended APT-USD
Aevo APT-PERP
BloFin APT-USDT
Coinbase International APT-PERP-INTX
Reya APTRUSDPERP
dYdX APT-USD
01 Exchange APTUSD