Funding you earn now, next payment 05:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.01 per $10,000 · paid last 24h +0.001%
Price spread now: Backpack against Lighter+0.079%7-day average +0.077% · you sell dearer than you buy
Net, funding: paid 7d − costs−$21as in the Funding arb table
Net, price: spread back to 7d avg − costs−$35as in the Price arb table
costs, in and out, $10k−$360.356% of the position
Funding, last 7 days+0.146%+$15 on $10k
+Price spread, last 4 days (all we have)−0.093%−$9 · spread now +0.079%, 7d avg +0.077%
=Together, before fees+0.054%+ Points / potential airdropLighter: Season 3 · farm board+$5 on $10k · with fees, hour by hour
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter APT | 0.7618 | 0.0096 | pay 0.0012% / 1h | 8m 14s | $407K | $423K | 10x |
| Short | Backpack APT_USDC_PERP | 0.7624 | 0.0100 | get 0.0013% / 1h | 8m 14s | $172K | $389K | 20x |
Lighter APT
Backpack APT_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against Lighter. 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
- $0.84
- Price spread: +0.079% → +0.077%
- $0.15
- Slippage, 4 orders
- −$25.61
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$34.62
- Costs to cover
- 0.356%
- Break-even
- 295.5 days
Slippage from Lighter: live order book, 37 min ago; Backpack: live order book, 45 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, 37 min ago | 1.95 bp | 5.5 bp −$5 | 44.4 bp −$444 | doesn't fit | doesn't fit |
| Sell Backpack live order book, 45 min ago | 0.65 bp | 6.3 bp −$6 | 29.2 bp −$292 | 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 | |
|---|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) APT/USD | L −0.0004% / S +0.0005% | 1h | 0.7619 | +0.015% | $20K | — | 150x | as long as short |
| Deribit APT_USDC-PERPETUAL | 0.0000% | 1h | 0.7621 | +0.039% | $4K | $540K | 50x | as long as short |
| Orderly PERP_APT_USDC | +0.0016% | 8h | 0.7620 | +0.026% | $10K | $7K | 10x | as long as short |
| Variational Omni APT | +0.0017% | 8h | 0.7609 | −0.117% | $508K | $416K | — | as long as short |
| Injective APT/USDC PERP | +0.0033% | 1h | 0.7780 | +2.127% | $2K | $240K | 12x | as long as short |
| Lighter APTlong | +0.0096% | 1h | 0.7618 | long leg | $407K | $423K | 10x | |
| Hyperliquid APT | +0.0100% | 1h | 0.7621 | +0.039% | $5.0M | $6.3M | 10x | as long as short |
| Aster APTUSDT | +0.0100% | 8h | 0.7621 | +0.042% | $94K | $957K | 20x | as long as short |
| Binance APTUSDT | +0.0100% | 8h | 0.7619 | +0.013% | $27.5M | $106.8M | 75x | as long as short |
| Bybit APTUSDT | +0.0100% | 8h | 0.7615 | −0.039% | $27.1M | $40.3M | 50x | as long as short |
gTrade (Gains Network) APT/USD
Deribit APT_USDC-PERPETUAL
Orderly PERP_APT_USDC
Variational Omni APT
Injective APT/USDC PERP
Hyperliquid APT
Aster APTUSDT
Binance APTUSDT
Bybit APTUSDTShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX APT-USDT-SWAP | +0.0100% | 8h | 0.7616 | −0.026% | $5.6M | $24.9M | 50x | as long as short |
| Gate APT_USDT | +0.0100% | 8h | 0.7617 | −0.013% | $2.6M | $5.1M | 75x | as long as short |
| MEXC APT_USDT | +0.0100% | 8h | 0.7619 | +0.013% | $29.9M | $15.7M | 200x | as long as short |
| KuCoin APTUSDTM | +0.0100% | 8h | 0.7614 | −0.053% | $5.0M | $12.2M | 50x | as long as short |
| Bitget APTUSDT | +0.0100% | 8h | 0.7619 | +0.013% | $8.6M | $13.1M | 75x | as long as short |
| BingX APT-USDT | +0.0100% | 8h | 0.7618 | 0.000% | — | $26.1M | — | as long as short |
| Backpack APT_USDC_PERPshort | +0.0100% | 1h | 0.7624 | +0.079% | $172K | $389K | 20x | |
| ApeX Omni APTUSDT | +0.0100% | 1h | 0.7630 | +0.158% | $61K | $582K | 50x | as long as short |
| SunX APT-USDT | +0.0100% | 8h | 0.7609 | −0.118% | $6K | $1.5M | 20x | as long as short |
| SoDEX APT-USD | +0.0100% | 1h | 0.7621 | +0.039% | $81 | $6K | 5x | as long as short |
| HTX APT-USDT | +0.0100% | 8h | 0.7644 | +0.341% | $249K | $148K | 50x | as long as short |
| Extended APT-USD | +0.0104% | 1h | 0.7617 | −0.017% | $80K | $506K | 25x | as long as short |
| Aevo APT-PERP | +0.0104% | 1h | 0.7617 | −0.016% | $28K | $5K | 3x | as long as short |
| GMX APT/USD [ETH-USDC] | L +0.0136% / S −0.0090% | 1h | 0.7623 | +0.062% | $16K | — | 100x | as long as short |
| BloFin APT-USDT | +0.0220% | 8h | 0.7606 | −0.158% | $1.4M | $962K | 75x | as long as short |
| Kraken Futures PF_APTUSD | +0.0252% | 1h | 0.7622 | +0.054% | $529K | $625K | 50x | as long as short |
| Coinbase International APT-PERP-INTX | +0.0312% | 1h | 0.7623 | +0.066% | $219K | $458K | 50x | as long as short |
| Reya APTRUSDPERP | +0.0490% | 1h | 0.7618 | 0.000% | $3K | — | 20x | as long as short |
| dYdX APT-USD | +0.0753% | 1h | 0.7608 | −0.136% | $53K | $6K | 10x | as long as short |
| 01 Exchange APTUSD | +0.5400% | 1h | 0.7761 | +1.877% | $2K | — | 5x | as long as short |
OKX APT-USDT-SWAP
Gate APT_USDT
MEXC APT_USDT
KuCoin APTUSDTM
Bitget APTUSDT
BingX APT-USDT
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
Kraken Futures PF_APTUSD
Coinbase International APT-PERP-INTX
Reya APTRUSDPERP
dYdX APT-USD
01 Exchange APTUSD