Funding you earn now, next payment 23:00 UTC−0.0096%/8h= −10.5% APRpaid last 24h −0.023%
Price spread now: GRVT against Lighter−0.041%48s7-day average +0.096% · you buy dearer than you sell
Net, funding: paid 7d − costs−$7as 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−$120.120% of the position
Funding, last 7 days+0.047%+$5 on $10k
+Price spread, last 7 days+0.130%+$13 · spread now −0.041%, 7d avg +0.096%
=Together, before fees+0.177%+ Points / potential airdropLighter: Season 3 · GRVT: Active · farm board+$18 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 GRVT is 0.138% cheaper against Lighter than usual: you would sell low and buy high (−$14 if the spread goes back to its 7-day average of +0.096%). Swap the legs. The two prices were read 48 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 | Lighter BNB | 806.54 | 0.0096 | pay 0.0012% / 1h | 42m 31s | $2.8M | $4.2M | 20x |
| Short | GRVT BNB_USDT_Perp | 806.21 | 0 | get 0.0000% / 8h | 1h 42m | $3.0M | $29.2M | 10x |
Lighter BNB
GRVT BNB_USDT_PerpFunding history
latest
Range statsloading…
Price spread between the two exchanges
GRVT 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: −0.041% → +0.096%
- −$13.79
- Slippage, 4 orders
- −$3.05
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Net
- −$46
- Costs to cover
- 0.120%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 5 min ago; GRVT: 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 Lighter live order book, 5 min ago | 0.71 bp | 1.8 bp −$2 | 5.6 bp −$56 | 15.8 bp −$1,585 | 68.0 bp −$34.0K |
| Sell GRVT live order book, 2 min ago | 0.06 bp | 4.6 bp −$5 | 4.6 bp −$46 | 17.7 bp −$1,766 | doesn't fit |
BNB on 46 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 | |
|---|---|---|---|---|---|---|---|---|
| GMX BNB/USD [WBTC.b-USDC] | L −0.0195% / S +0.0371% | 1h | 805.65 | −0.110% | $49K | — | 200x | as long as short |
| Hotstuff BNB-PERP | −0.0080% | 1h | 806.43 | −0.014% | $4K | $1K | 25x | as long as short |
| GRVT BNB_USDT_Perpshort | 0.0000% | 8h | 806.21 | −0.041% | $3.0M | $29.2M | 10x | |
| Kalshi KXBNBPERP | 0.0000% | 8h | 806.30 | −0.030% | $108K | $2.5M | 4.8x | as long as short |
| StandX BNB-USD | 0.0000% | 1h | 805.76 | −0.097% | $871K | $2.8M | 30x | as long as short |
| gTrade (Gains Network) BNB/USD | L +0.0008% / S −0.0007% | 1h | 805.73 | −0.101% | $9.8M | — | 150x | as long as short |
| Variational Omni BNB | +0.0048% | 8h | 804.97 | −0.194% | $4.1M | $5.3M | — | as long as short |
| BingX BNB-USDC | +0.0059% | 8h | 806.05 | −0.061% | — | $13.3M | — | as long as short |
| Hibachi BNB/USDT-P | +0.0080% | 1h | 805.86 | −0.084% | $71K | $48K | 12x | as long as short |
| Bybit BNBUSDT | +0.0083% | 8h | 806.26 | −0.035% | $139.7M | $81.1M | 75x | as long as short |
GMX BNB/USD [WBTC.b-USDC]
Hotstuff BNB-PERP
Kalshi KXBNBPERP
StandX BNB-USD
gTrade (Gains Network) BNB/USD
Variational Omni BNB
BingX BNB-USDC
Hibachi BNB/USDT-P
Bybit BNBUSDTShow all 46 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter BNBlong | +0.0096% | 1h | 806.54 | long leg | $2.8M | $4.2M | 20x | |
| Coinbase International BNB-PERP-INTX | +0.0096% | 1h | 805.54 | −0.124% | $608K | $881K | 50x | as long as short |
| Nado BNB-PERP | +0.0100% | 1h | 806.45 | −0.011% | $1.5M | $2.7M | 20x | as long as short |
| Pacifica BNB | +0.0100% | 1h | 806.62 | +0.010% | $1.2M | $924K | 20x | as long as short |
| OKX BNB-USDT-SWAP | +0.0100% | 8h | 806.40 | −0.018% | $55.1M | $116.0M | 50x | as long as short |
| Arcus BNB-USD | +0.0100% | 1h | 806.80 | +0.032% | $53K | $170K | 10x | as long as short |
| Gate BNB_USDT | +0.0100% | 8h | 806.15 | −0.049% | $36.1M | $57.5M | 75x | as long as short |
| KuCoin BNBUSDTM | +0.0100% | 8h | 806.20 | −0.042% | $28.2M | $10.5M | 75x | as long as short |
| Bitget BNBUSDT | +0.0100% | 8h | 806.46 | −0.010% | $78.8M | $25.0M | 75x | as long as short |
| edgeX BNBUSDC | +0.0100% | 4h | 806.31 | −0.029% | $4.2M | $76.6M | 30x | as long as short |
| ApeX Omni BNBUSDT | +0.0100% | 1h | 806.49 | −0.006% | $162K | $440K | 50x | as long as short |
| Polymarket Perps BNB-USD | +0.0100% | 1h | 806.65 | +0.013% | $116K | $870K | 10x | as long as short |
| Orderly PERP_BNB_USDC | +0.0100% | 8h | 805.67 | −0.108% | $389K | $592K | 50x | as long as short |
| Derive BNB-PERP | +0.0100% | 1h | 805.82 | −0.089% | $32K | $5K | 10x | as long as short |
| SunX BNB-USDT | +0.0100% | 8h | 806.36 | −0.023% | $13K | $1.7M | 50x | as long as short |
| HTX BNB-USDT | +0.0100% | 8h | 805.84 | −0.087% | $8.2M | $7.6M | 75x | as long as short |
| Paradex BNB-USD-PERP | +0.0100% | 8h | 807.01 | +0.058% | $79K | $19K | 50x | as long as short |
| Extended BNB-USD | +0.0104% | 1h | 806.03 | −0.064% | $1.9M | $6.0M | 50x | as long as short |
| Aevo BNB-PERP | +0.0104% | 1h | 805.85 | −0.085% | $387K | $40K | 10x | as long as short |
| Aster BNBUSDT | +0.0105% | 8h | 807.04 | +0.062% | $6.4M | $18.8M | 200x | as long as short |
| MEXC BNB_USDT | +0.0120% | 8h | 807.00 | +0.057% | $84.7M | $13.4M | 200x | as long as short |
| Binance BNBUSDT | +0.0121% | 8h | 807.41 | +0.108% | $521.6M | $803.5M | 75x | as long as short |
| Phemex BNBUSDT | +0.0131% | 8h | 806.42 | −0.015% | $70.4M | $51.8M | 50x | as long as short |
| Phoenix BNB | +0.0155% | 1h | 806.22 | −0.040% | $173K | $35K | 10x | as long as short |
| SoDEX BNB-USD | +0.0177% | 1h | 805.80 | −0.092% | $396K | $1.0M | 10x | as long as short |
| Hyperliquid BNB | +0.0193% | 1h | 807.21 | +0.083% | $52.0M | $22.1M | 10x | as long as short |
| Kraken Futures PF_BNBUSD | +0.0205% | 1h | 805.74 | −0.099% | $2.5M | $929K | 50x | as long as short |
| dYdX BNB-USD | +0.0205% | 1h | 805.84 | −0.087% | $162K | $63K | 10x | as long as short |
| BloFin BNB-USDT | +0.0241% | 8h | 806.53 | −0.001% | $18.8M | $3.1M | 75x | as long as short |
| Bulk BNB-USD | +0.0274% | 1h | 805.55 | −0.123% | $651K | $14K | 10x | as long as short |
| Deribit BNB_USDC-PERPETUAL | +0.0300% | 1h | 806.12 | −0.052% | $1.6M | $165K | 25x | as long as short |
| Injective BNB/USDC PERP | +0.0311% | 1h | 805.09 | −0.180% | $19K | $789K | 30x | as long as short |
| RISEx BNB/USDC | +0.0318% | 1h | 806.89 | +0.044% | $1.1M | $1.4M | 20x | as long as short |
| Reya BNBRUSDPERP | +0.0333% | 1h | 806.42 | −0.015% | $6K | $3K | 40x | as long as short |
| 01 Exchange BNBUSD | +0.0352% | 1h | 807.43 | +0.110% | $29K | $1K | 10x | as long as short |
| Backpack BNB_USDC_PERP | +0.0715% | 1h | 806.97 | +0.053% | $3.0M | $5.5M | 40x | as long as short |
Coinbase International BNB-PERP-INTX
Nado BNB-PERP
Pacifica BNB
OKX BNB-USDT-SWAP
Arcus BNB-USD
Gate BNB_USDT
KuCoin BNBUSDTM
Bitget BNBUSDT
edgeX BNBUSDC
ApeX Omni BNBUSDT
Polymarket Perps BNB-USD
Orderly PERP_BNB_USDC
Derive BNB-PERP
SunX BNB-USDT
HTX BNB-USDT
Paradex BNB-USD-PERP
Extended BNB-USD
Aevo BNB-PERP
Aster BNBUSDT
MEXC BNB_USDT
Binance BNBUSDT
Phemex BNBUSDT
Phoenix BNB
SoDEX BNB-USD
Hyperliquid BNB
Kraken Futures PF_BNBUSD
dYdX BNB-USD
BloFin BNB-USDT
Bulk BNB-USD
Deribit BNB_USDC-PERPETUAL
Injective BNB/USDC PERP
RISEx BNB/USDC
Reya BNBRUSDPERP
01 Exchange BNBUSD
Backpack BNB_USDC_PERP