Funding you earn now, next payment 23:00 UTC+0.0518%/8h= +56.7% APRnext payment +$0.65 per $10,000 · paid last 24h +0.103%
Price spread now: Lighter against Kraken Futures−0.044%7-day average −0.086% · you buy dearer than you sell
Net, funding: paid 7d − costs−$60as in the Funding arb table
Net, price: spread back to 7d avg − costs−$56as in the Price arb table
costs, in and out, $10k−$600.598% of the position
Funding, last 7 days+0.001%$0 on $10k
+Price spread, last 3 days (all we have)−1.334%−$133 · spread now −0.044%, 7d avg −0.086%
=Together, before fees−1.333%+ Points / potential airdropLighter: Season 3 · farm board−$133 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$16 a day on $10k at the current rate, and Lighter is 0.042% dearer against Kraken Futures than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.086%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.001% in total (about 0.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.65 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 | Kraken Futures PF_APTUSD | 0.7874 | −0.0422 | get 0.0053% / 1h | 8m 19s | $543K | $635K | 50x |
| Short | Lighter APT | 0.7871 | 0.0096 | get 0.0012% / 1h | 8m 19s | $431K | $351K | 10x |
Kraken Futures PF_APTUSD
Lighter APTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Kraken Futures. 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
- $108.69
- Price spread: −0.044% → −0.086%
- $4.16
- Slippage, 4 orders
- −$49.85
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $53.01
- Costs to cover
- 0.598%
- Break-even
- 3.6 days
Slippage from Kraken Futures: live order book, 10 min ago; Lighter: live order book, 2 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 Kraken Futures live order book, 10 min ago | 8.28 bp | 21.7 bp −$22 | 96.0 bp −$960 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 2 min ago | 2.54 bp | 12.0 bp −$12 | 71.9 bp −$719 | 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 | −0.0448% | 1h | 0.7871 | −0.044% | $2K | — | 5x | as long as short |
| Kraken Futures PF_APTUSDlong | −0.0422% | 1h | 0.7874 | long leg | $543K | $635K | 50x | |
| Variational Omni APT | −0.0068% | 8h | 0.7872 | −0.026% | $617K | $214K | — | as long as short |
| Injective APT/USDC PERP | −0.0033% | 1h | 0.7780 | −1.200% | $2K | $241K | 12x | as long as short |
| Orderly PERP_APT_USDC | −0.0018% | 8h | 0.7875 | +0.007% | $10K | $7K | 10x | as long as short |
| gTrade (Gains Network) APT/USD | L −0.0004% / S +0.0005% | 1h | 0.7874 | 0.000% | $22K | — | 150x | as long as short |
| Deribit APT_USDC-PERPETUAL | 0.0000% | 1h | 0.7872 | −0.031% | $7K | $387K | 50x | as long as short |
| Lighter APTshort | +0.0096% | 1h | 0.7871 | −0.044% | $431K | $351K | 10x | |
| Hyperliquid APT | +0.0100% | 1h | 0.7881 | +0.083% | $6.0M | $5.3M | 10x | as long as short |
| Aster APTUSDT | +0.0100% | 8h | 0.7879 | +0.052% | $306K | $465K | 20x | as long as short |
01 Exchange APTUSD
Variational Omni APT
Injective APT/USDC PERP
Orderly PERP_APT_USDC
gTrade (Gains Network) APT/USD
Deribit APT_USDC-PERPETUAL
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 | 0.7876 | +0.020% | $29.0M | $97.6M | 75x | as long as short |
| Bybit APTUSDT | +0.0100% | 8h | 0.7872 | −0.031% | $29.4M | $35.5M | 50x | as long as short |
| OKX APT-USDT-SWAP | +0.0100% | 8h | 0.7867 | −0.095% | $6.2M | $23.8M | 50x | as long as short |
| Gate APT_USDT | +0.0100% | 8h | 0.7873 | −0.019% | $2.8M | $4.7M | 75x | as long as short |
| MEXC APT_USDT | +0.0100% | 8h | 0.7878 | +0.045% | $28.6M | $14.6M | 200x | as long as short |
| KuCoin APTUSDTM | +0.0100% | 8h | 0.7873 | −0.019% | $5.6M | $12.2M | 50x | as long as short |
| Bitget APTUSDT | +0.0100% | 8h | 0.7877 | +0.032% | $8.9M | $12.3M | 75x | as long as short |
| BingX APT-USDT | +0.0100% | 8h | 0.7874 | −0.006% | — | $24.9M | — | as long as short |
| Backpack APT_USDC_PERP | +0.0100% | 1h | 0.7876 | +0.020% | $201K | $368K | 20x | as long as short |
| ApeX Omni APTUSDT | +0.0100% | 1h | 0.7870 | −0.057% | $66K | $568K | 50x | as long as short |
| SunX APT-USDT | +0.0100% | 8h | 0.7864 | −0.133% | $6K | $1.4M | 20x | as long as short |
| SoDEX APT-USD | +0.0100% | 1h | 0.7870 | −0.057% | $77 | $6K | 5x | as long as short |
| HTX APT-USDT | +0.0100% | 8h | 0.7882 | +0.096% | $266K | $138K | 50x | as long as short |
| Extended APT-USD | +0.0104% | 1h | 0.7868 | −0.080% | $84K | $464K | 25x | as long as short |
| Aevo APT-PERP | +0.0104% | 1h | 0.7875 | +0.007% | $24K | — | 3x | as long as short |
| GMX APT/USD [ETH-USDC] | L +0.0190% / S −0.0143% | 1h | 0.7873 | −0.019% | $17K | — | 100x | as long as short |
| BloFin APT-USDT | +0.0220% | 8h | 0.7867 | −0.095% | $1.5M | $797K | 75x | as long as short |
| Coinbase International APT-PERP-INTX | +0.0288% | 1h | 0.7873 | −0.019% | $209K | $559K | 50x | as long as short |
| Reya APTRUSDPERP | +0.0468% | 1h | 0.7871 | −0.050% | $3K | — | 20x | as long as short |
| dYdX APT-USD | +0.0893% | 1h | 0.7867 | −0.096% | $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