Funding you earn now, next payment 22:00 UTC−0.0004%/8h= −0.4% APRnext payment −$0.01 per $10,000 · paid last 24h −0.015%
Price spread now: Lighter against ApeX Omni+0.384%108s7-day average −0.030% · you sell dearer than you buy
Net, funding: paid 7d − costs−$264as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$1751.750% of the position
Funding, last 7 days−0.889%−$89 on $10k
+Price spread, last 3 days (all we have)−0.968%−$97 · spread now +0.384%, 7d avg −0.030%
=Together, before fees−1.856%+ Points / potential airdropLighter: Season 3 · farm board−$186 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Lighter is 0.414% dearer against ApeX Omni than usual: you sell high and buy low, +$41 on $10k if it goes back to its 7-day average of −0.030%. The two prices were read 108 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 | ApeX Omni SUSDT | 0.03910 | 0.0100 | pay 0.0013% / 1h | 59m 49s | $23K | $471K | 50x |
| Short | Lighter S | 0.03925 | 0.0096 | get 0.0012% / 1h | 59m 49s | $164K | $222K | 5x |
ApeX Omni SUSDT
Lighter SFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against ApeX Omni. 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: +0.384% → −0.030%
- $41.39
- Slippage, 4 orders
- −$165.04
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$134.49
- Costs to cover
- 1.750%
- Break-even
- never at this rate
Slippage from ApeX Omni: live order book, 23 min ago; Lighter: live order book, 14 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 ApeX Omni live order book, 23 min ago | 25.51 bp | 56.5 bp −$56 | doesn't fit | doesn't fit | doesn't fit |
| Sell Lighter live order book, 14 min ago | 15.24 bp | 21.4 bp −$21 | 95.0 bp −$950 | doesn't fit | doesn't fit |
S on 25 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_SUSD | −0.1454% | 1h | 0.03924 | +0.369% | $33K | $30K | 10x | as long as short |
| Coinbase International S-PERP-INTX | −0.1264% | 1h | 0.03826 | −2.148% | $47K | $5K | 25x | as long as short |
| Variational Omni S | −0.0787% | 4h | 0.03914 | +0.099% | $609K | $34K | — | as long as short |
| GMX S/USD [WBTC.b-USDC] | L −0.0192% / S +0.0186% | 1h | 0.03924 | +0.361% | $1K | — | 100x | as long as short |
| Reya SRUSDPERP | −0.0101% | 1h | 0.03920 | +0.251% | $4 | — | 15x | as long as short |
| gTrade (Gains Network) S/USD | L +0.0001% / S +0.0006% | 1h | 0.03924 | +0.360% | $605 | — | 150x | as long as short |
| Orderly PERP_S_USDC | +0.0014% | 4h | 0.03921 | +0.281% | $100K | $348K | 10x | as long as short |
| 01 Exchange SUSD | +0.0016% | 1h | 0.03920 | +0.256% | $24K | $3K | 5x | as long as short |
| Injective S/USDC PERP | +0.0033% | 1h | 0.04100 | +4.859% | $2K | $37K | 12x | as long as short |
| Aster SUSDT | +0.0038% | 4h | 0.03924 | +0.345% | $43K | $212K | 10x | as long as short |
Kraken Futures PF_SUSD
Coinbase International S-PERP-INTX
Variational Omni S
GMX S/USD [WBTC.b-USDC]
Reya SRUSDPERP
gTrade (Gains Network) S/USD
Orderly PERP_S_USDC
01 Exchange SUSD
Injective S/USDC PERP
Aster SUSDTShow all 25 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter Sshort | +0.0096% | 1h | 0.03925 | +0.384% | $164K | $222K | 5x | |
| Hyperliquid S | +0.0100% | 1h | 0.03920 | +0.253% | $984K | $878K | 5x | as long as short |
| Binance SUSDT | +0.0100% | 4h | 0.03920 | +0.263% | $5.3M | $22.7M | 75x | as long as short |
| Bybit SUSDT | +0.0100% | 4h | 0.03914 | +0.102% | $5.6M | $6.2M | 50x | as long as short |
| OKX S-USDT-SWAP | +0.0100% | 4h | 0.03915 | +0.128% | $976K | $7.1M | 20x | as long as short |
| Gate S_USDT | +0.0100% | 4h | 0.03917 | +0.179% | $320K | $293K | 50x | as long as short |
| MEXC S_USDT | +0.0100% | 4h | 0.03922 | +0.307% | $3.5M | $2.6M | 200x | as long as short |
| KuCoin SUSDTM | +0.0100% | 4h | 0.03918 | +0.205% | $1.8M | $3.1M | 50x | as long as short |
| Bitget SUSDT | +0.0100% | 4h | 0.03925 | +0.384% | $1.2M | $2.9M | 50x | as long as short |
| BingX S-USDT | +0.0100% | 4h | 0.03919 | +0.230% | — | $6.8M | — | as long as short |
| ApeX Omni SUSDTlong | +0.0100% | 1h | 0.03910 | long leg | $23K | $471K | 50x | |
| Extended S-USD | +0.0104% | 1h | 0.03917 | +0.180% | $219K | $883K | 10x | as long as short |
| Deribit S_USDC-PERPETUAL | +0.0260% | 1h | 0.03927 | +0.435% | $66K | $10K | 10x | as long as short |
| BloFin S-USDT | +0.0340% | 4h | 0.03918 | +0.205% | $269K | $133K | 75x | as long as short |
| Backpack S_USDC_PERP | +0.0510% | 1h | 0.03930 | +0.512% | $114K | $298K | 5x | as long as short |
Hyperliquid S
Binance SUSDT
Bybit SUSDT
OKX S-USDT-SWAP
Gate S_USDT
MEXC S_USDT
KuCoin SUSDTM
Bitget SUSDT
BingX S-USDT
Extended S-USD
Deribit S_USDC-PERPETUAL
BloFin S-USDT
Backpack S_USDC_PERP