Funding you earn now, next payment 01:00 UTC−0.0748%/8h= −81.9% APRpaid last 24h −0.211%
Price spread now: GRVT against Lighter−0.442%7-day average −0.208% · you buy dearer than you sell
Net, funding: paid 7d − costs−$154as in the Funding arb table
Net, price: spread back to 7d avg − costs−$130as in the Price arb table
costs, in and out, $10k−$1071.069% of the position
Funding, last 7 days−0.467%−$47 on $10k
+Price spread, last 3 days (all we have)+0.090%+$9 · spread now −0.442%, 7d avg −0.208%
=Together, before fees−0.377%+ Points / potential airdropLighter: Season 3 · GRVT: Active · farm board−$38 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$22 a day on $10k at the current rate, and GRVT is 0.234% cheaper against Lighter than usual: you would sell low and buy high (−$23 if the spread goes back to its 7-day average of −0.208%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.467% in total (about -24.3% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter CC | 0.1200 | 0.0848 | pay 0.0106% / 1h | 18m 59s | $237K | $154K | 5x |
| Short | GRVT CC_USDT_Perp | 0.1195 | 0.0100 | get 0.0050% / 4h | 3h 18m | $90K | $2.3M | 10x |
Lighter CC
GRVT CC_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
- −$157.08
- Price spread: −0.442% → −0.208%
- −$23.39
- Slippage, 4 orders
- −$97.86
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Net
- −$287.33
- Costs to cover
- 1.069%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 36 min ago; GRVT: live order book, 5 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, 36 min ago | 10.54 bp | 34.2 bp −$34 | 384.0 bp −$3,840 | doesn't fit | doesn't fit |
| Sell GRVT live order book, 5 min ago | 2.51 bp | 36.8 bp −$37 | doesn't fit | doesn't fit | doesn't fit |
CC on 19 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective CC/USDC PERP | −0.4522% | 1h | 0.1174 | −2.167% | $6K | $99 | 5.5x | as long as short |
| MEXC CC_USDT | −0.0538% | 4h | 0.1194 | −0.483% | $1.7M | $315K | 100x | as long as short |
| Bybit CCUSDT | −0.0496% | 4h | 0.1195 | −0.408% | $10.8M | $3.8M | 25x | as long as short |
| Paradex CC-USD-PERP | +0.0098% | 8h | 0.1195 | −0.377% | $1K | — | 5x | as long as short |
| Hyperliquid CC | +0.0100% | 1h | 0.1198 | −0.196% | $5.6M | $1.4M | 3x | as long as short |
| Aster CCUSDT | +0.0100% | 4h | 0.1195 | −0.449% | $35K | $39K | 20x | as long as short |
| Binance CCUSDT | +0.0100% | 4h | 0.1195 | −0.458% | $11.3M | $11.4M | 75x | as long as short |
| OKX CC-USDT-SWAP | +0.0100% | 4h | 0.1196 | −0.342% | $2.6M | $3.6M | 20x | as long as short |
| Gate CC_USDT | +0.0100% | 4h | 0.1197 | −0.275% | $370K | $213K | 50x | as long as short |
| KuCoin CCUSDTM | +0.0100% | 4h | 0.1196 | −0.325% | $501K | $119K | 50x | as long as short |
Injective CC/USDC PERP
MEXC CC_USDT
Bybit CCUSDT
Paradex CC-USD-PERP
Hyperliquid CC
Aster CCUSDT
Binance CCUSDT
OKX CC-USDT-SWAP
Gate CC_USDT
KuCoin CCUSDTMShow all 19 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget CCUSDT | +0.0100% | 4h | 0.1196 | −0.342% | $954K | $781K | 20x | as long as short |
| BingX CC-USDT | +0.0100% | 4h | 0.1195 | −0.417% | — | $6.6M | — | as long as short |
| Backpack CC_USDC_PERP | +0.0100% | 1h | 0.1195 | −0.392% | $16K | $22K | 10x | as long as short |
| Variational Omni CC | +0.0100% | 4h | 0.1195 | −0.458% | $608K | $55K | — | as long as short |
| GRVT CC_USDT_Perpshort | +0.0100% | 4h | 0.1195 | −0.442% | $90K | $2.3M | 10x | |
| Derive CC-PERP | +0.0100% | 1h | 0.1195 | −0.422% | $6K | $36K | 6.7x | as long as short |
| BloFin CC-USDT | +0.0340% | 4h | 0.1195 | −0.458% | $596K | $105K | 75x | as long as short |
| GMX CC/USD [WBTC.b-USDC] | L +0.0451% / S −0.0241% | 1h | 0.1197 | −0.276% | $45K | — | 50x | as long as short |
| Lighter CClong | +0.0848% | 1h | 0.1200 | long leg | $237K | $154K | 5x |
Bitget CCUSDT
BingX CC-USDT
Backpack CC_USDC_PERP
Variational Omni CC
Derive CC-PERP
BloFin CC-USDT
GMX CC/USD [WBTC.b-USDC]