Funding arb · Price arb /

APT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0195%/8h= +21.3% APRpaid last 24h +0.084%

Price spread now: Lighter against Variational Omni−0.175%7-day average +0.029% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Variational Omni Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.123%+$12 on $10k

Price spread, last 3 days (all we have)+0.033%+$3 · spread now −0.175%, 7d avg +0.029%

Together, before fees+0.156%+ Points / potential airdropVariational Omni: Active · Lighter: Season 3 · farm board+$16 on $10k · with fees, hour by hour

Funding pays, the price is against you. Lighter is 0.204% cheaper against Variational Omni than usual: you would sell low and buy high (spread −0.175% now, against its 7-day average of +0.029%). If the spread goes back, that is −$20 on $10k: about 3.5 days of funding at the current rate (+$6 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni APT	0.7839	−0.0099	get 0.0099% / 8h	2h 24m	$614K	$223K	—
Short	Lighter APT	0.7825	0.0096	get 0.0012% / 1h	24m 30s	$428K	$348K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Variational Omni. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Variational OmnibpFee LighterbpOrdersPrice spread, now −0.175%Rate

Funding earned: $40.91
Price spread: −0.175% → +0.029%: −$20.4
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Lighter: 0 bp × 2 orders: $0
Net: $20.51
Costs to cover: 0.000%
Break-even: 3.5 days

Slippage unknown: Variational Omni: RFQ quote, 64 min ago; Lighter: live order book, 59 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 Variational Omni RFQ quote, 64 min ago	3.86 bp	doesn't fit	33.4 bp −$334	doesn't fit	doesn't fit
Sell Lighter live order book, 59 min ago	4.53 bp	6.7 bp −$7	67.6 bp −$676	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	−0.0536%	1h	0.7823	−0.201%	$2K	—	5x	as long as short
Kraken Futures PF_APTUSD	−0.0361%	1h	0.7824	−0.190%	$537K	$616K	50x	as long as short
Deribit APT_USDC-PERPETUAL	−0.0133%	1h	0.7825	−0.175%	$7K	$382K	50x	as long as short
Variational Omni APTlong	−0.0099%	8h	0.7839	long leg	$614K	$223K	—
Orderly PERP_APT_USDC	−0.0017%	8h	0.7826	−0.162%	$10K	$7K	10x	as long as short
Injective APT/USDC PERP	−0.0016%	1h	0.7780	−0.749%	$2K	$200K	12x	as long as short
gTrade (Gains Network) APT/USD	L −0.0004% / S +0.0005%	1h	0.7828	−0.135%	$22K	—	150x	as long as short
Lighter APTshort	+0.0096%	1h	0.7825	−0.175%	$428K	$348K	10x
Hyperliquid APT	+0.0100%	1h	0.7835	−0.048%	$5.9M	$5.1M	10x	as long as short
Aster APTUSDT	+0.0100%	8h	0.7834	−0.062%	$305K	$454K	20x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance APTUSDT	+0.0100%	8h	0.7825	−0.172%	$28.8M	$96.2M	75x	as long as short
Bybit APTUSDT	+0.0100%	8h	0.7822	−0.213%	$29.1M	$35.3M	50x	as long as short
OKX APT-USDT-SWAP	+0.0100%	8h	0.7825	−0.175%	$6.2M	$23.2M	50x	as long as short
Gate APT_USDT	+0.0100%	8h	0.7828	−0.137%	$2.7M	$4.6M	75x	as long as short
MEXC APT_USDT	+0.0100%	8h	0.7826	−0.162%	$28.0M	$14.5M	200x	as long as short
KuCoin APTUSDTM	+0.0100%	8h	0.7828	−0.137%	$5.6M	$12.1M	50x	as long as short
Bitget APTUSDT	+0.0100%	8h	0.7825	−0.175%	$9.0M	$12.2M	75x	as long as short
BingX APT-USDT	+0.0100%	8h	0.7825	−0.175%	—	$27.0M	—	as long as short
Backpack APT_USDC_PERP	+0.0100%	1h	0.7829	−0.124%	$198K	$363K	20x	as long as short
ApeX Omni APTUSDT	+0.0100%	1h	0.7830	−0.111%	$65K	$571K	50x	as long as short
SunX APT-USDT	+0.0100%	8h	0.7811	−0.354%	$6K	$1.4M	20x	as long as short
SoDEX APT-USD	+0.0100%	1h	0.7824	−0.188%	$56	$6K	5x	as long as short
HTX APT-USDT	+0.0100%	8h	0.7834	−0.060%	$264K	$137K	50x	as long as short
Extended APT-USD	+0.0104%	1h	0.7824	−0.190%	$84K	$479K	25x	as long as short
Aevo APT-PERP	+0.0104%	1h	0.7825	−0.172%	$24K	—	3x	as long as short
GMX APT/USD [ETH-USDC]	L +0.0189% / S −0.0143%	1h	0.7825	−0.180%	$17K	—	100x	as long as short
BloFin APT-USDT	+0.0220%	8h	0.7822	−0.213%	$1.5M	$773K	75x	as long as short
Coinbase International APT-PERP-INTX	+0.0280%	1h	0.7855	+0.208%	$210K	$547K	50x	as long as short
Reya APTRUSDPERP	+0.0464%	1h	0.7826	−0.157%	$3K	—	20x	as long as short
dYdX APT-USD	+0.0674%	1h	0.7827	−0.154%	$55K	$5K	10x	as long as short