Funding you earn now, next payment 04:00 UTC−0.0096%/8h= −10.5% APRnext payment −$0.12 per $10,000 · paid last 24h −0.060%
Price spread now: Deribit against Lighter+0.013%7-day average +0.083% · you sell dearer than you buy
Net, funding: paid 7d − costs−$68as in the Funding arb table
Net, price: spread back to 7d avg − costs−$60as in the Price arb table
costs, in and out, $10k−$530.534% of the position
Funding, last 7 days−0.151%−$15 on $10k
+Price spread, last 4 days (all we have)+1.586%+$159 · spread now +0.013%, 7d avg +0.083%
=Together, before fees+1.435%+ Points / potential airdropLighter: Season 3 · farm board+$144 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Deribit is 0.070% cheaper against Lighter than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of +0.083%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter APT | 0.7637 | 0.0096 | pay 0.0012% / 1h | 41m 39s | $408K | $421K | 10x |
| Short | Deribit APT_USDC-PERPETUAL | 0.7638 | 0 | get 0.0000% / 1h | 41m 39s | $17K | $443K | 50x |
Lighter APT
Deribit APT_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit 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
- −$20.16
- Price spread: +0.013% → +0.083%
- −$6.97
- Slippage, 4 orders
- −$46.36
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$80.49
- Costs to cover
- 0.534%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 8 min ago; Deribit: live order book, 17 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, 8 min ago | 3.28 bp | 4.6 bp −$5 | 48.0 bp −$480 | doesn't fit | doesn't fit |
| Sell Deribit live order book, 17 min ago | 9.12 bp | 12.6 bp −$13 | 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 | |
|---|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) APT/USD | L −0.0004% / S +0.0005% | 1h | 0.7638 | +0.013% | $21K | — | 150x | as long as short |
| Deribit APT_USDC-PERPETUALshort | 0.0000% | 1h | 0.7638 | +0.013% | $17K | $443K | 50x | |
| Orderly PERP_APT_USDC | +0.0016% | 8h | 0.7639 | +0.026% | $10K | $7K | 10x | as long as short |
| Injective APT/USDC PERP | +0.0033% | 1h | 0.7780 | +1.872% | $2K | $240K | 12x | as long as short |
| Variational Omni APT | +0.0036% | 8h | 0.7632 | −0.064% | $510K | $415K | — | as long as short |
| Lighter APTlong | +0.0096% | 1h | 0.7637 | long leg | $408K | $421K | 10x | |
| Hyperliquid APT | +0.0100% | 1h | 0.7643 | +0.079% | $5.2M | $6.2M | 10x | as long as short |
| Aster APTUSDT | +0.0100% | 8h | 0.7642 | +0.068% | $96K | $961K | 20x | as long as short |
| Binance APTUSDT | +0.0100% | 8h | 0.7640 | +0.039% | $28.0M | $106.5M | 75x | as long as short |
| Bybit APTUSDT | +0.0100% | 8h | 0.7634 | −0.039% | $27.3M | $39.0M | 50x | as long as short |
gTrade (Gains Network) APT/USD
Orderly PERP_APT_USDC
Injective APT/USDC PERP
Variational Omni APT
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 | 0.7638 | +0.013% | $5.7M | $24.6M | 50x | as long as short |
| Gate APT_USDT | +0.0100% | 8h | 0.7638 | +0.013% | $2.6M | $4.9M | 75x | as long as short |
| MEXC APT_USDT | +0.0100% | 8h | 0.7639 | +0.026% | $28.7M | $15.2M | 200x | as long as short |
| KuCoin APTUSDTM | +0.0100% | 8h | 0.7638 | +0.013% | $5.0M | $12.3M | 50x | as long as short |
| Bitget APTUSDT | +0.0100% | 8h | 0.7635 | −0.026% | $8.5M | $12.7M | 75x | as long as short |
| BingX APT-USDT | +0.0100% | 8h | 0.7638 | +0.013% | — | $26.0M | — | as long as short |
| Backpack APT_USDC_PERP | +0.0100% | 1h | 0.7643 | +0.079% | $189K | $382K | 20x | as long as short |
| ApeX Omni APTUSDT | +0.0100% | 1h | 0.7640 | +0.039% | $61K | $582K | 50x | as long as short |
| SunX APT-USDT | +0.0100% | 8h | 0.7624 | −0.170% | $6K | $1.5M | 20x | as long as short |
| SoDEX APT-USD | +0.0100% | 1h | 0.7636 | −0.013% | $60 | $6K | 5x | as long as short |
| HTX APT-USDT | +0.0100% | 8h | 0.7653 | +0.210% | $259K | $117K | 50x | as long as short |
| Extended APT-USD | +0.0104% | 1h | 0.7635 | −0.026% | $83K | $483K | 25x | as long as short |
| Aevo APT-PERP | +0.0104% | 1h | 0.7635 | −0.026% | $28K | $5K | 3x | as long as short |
| GMX APT/USD [ETH-USDC] | L +0.0189% / S −0.0143% | 1h | 0.7635 | −0.032% | $17K | — | 100x | as long as short |
| BloFin APT-USDT | +0.0220% | 8h | 0.7639 | +0.026% | $1.4M | $942K | 75x | as long as short |
| Kraken Futures PF_APTUSD | +0.0317% | 1h | 0.7636 | −0.013% | $528K | $640K | 50x | as long as short |
| Coinbase International APT-PERP-INTX | +0.0328% | 1h | 0.7649 | +0.157% | $220K | $454K | 50x | as long as short |
| dYdX APT-USD | +0.0481% | 1h | 0.7639 | +0.020% | $53K | $6K | 10x | as long as short |
| Reya APTRUSDPERP | +0.0484% | 1h | 0.7636 | −0.013% | $3K | — | 20x | as long as short |
| 01 Exchange APTUSD | +0.5504% | 1h | 0.7776 | +1.820% | $2K | — | 5x | as long as short |
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
Kraken Futures PF_APTUSD
Coinbase International APT-PERP-INTX
dYdX APT-USD
Reya APTRUSDPERP
01 Exchange APTUSD