Funding arb · Price arb /

EDGE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.019%

Price spread now: GRVT against Lighter+0.396%48s7-day average — · you sell dearer than you buy

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

Long on Lighter Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days−0.009%−$1 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropLighter: Season 3 · GRVT: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: GRVT is 0.396% dearer against Lighter than usual: you sell high and buy low, +$40 on $10k if it goes back to zero (this spread has no 7-day history yet). 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 EDGE	0.5809	0.0096	pay 0.0012% / 1h	50m 38s	$54K	$9K	3x
Short	GRVT EDGE_USDT_Perp	0.5832	0.0100	get 0.0050% / 4h	2h 50m	$6K	$1.7M	10x

Funding 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 it

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 LighterbpFee GRVTbpOrdersPrice spread, now +0.396%Rate

Funding earned: $0.84
Price spread: +0.396% → 0.000%: $39.59
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: $31.43
Costs to cover: 0.090%
Break-even: from the start

Slippage unknown: Lighter: no order-book sample; GRVT: live order book, 3 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 Lighter no order-book sample	—	—	—	—	—
Sell GRVT live order book, 3 min ago	2.57 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit

Lighter: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

EDGE on 17 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
Backpack EDGE_USDC_PERP	−0.0717%	1h	0.5819	+0.176%	$59K	$100K	3.3x	as long as short
Lighter EDGElong	+0.0096%	1h	0.5809	long leg	$54K	$9K	3x
Bybit EDGEUSDT	+0.0100%	4h	0.5815	+0.103%	$6.9M	$3.2M	25x	as long as short
KuCoin EDGEUSDTM	+0.0100%	4h	0.5820	+0.189%	$2.1M	$2.3M	50x	as long as short
Bitget EDGEUSDT	+0.0100%	4h	0.5821	+0.207%	$4.6M	$984K	20x	as long as short
Variational Omni EDGE	+0.0100%	4h	0.5814	+0.078%	$190K	$130K	—	as long as short
GRVT EDGE_USDT_Perpshort	+0.0100%	4h	0.5832	+0.396%	$6K	$1.7M	10x
ApeX Omni EDGEUSDT	+0.0100%	1h	0.5834	+0.430%	$6K	$295K	50x	as long as short
SunX EDGE-USDT	+0.0100%	4h	0.6091	+4.855%	$4K	$598K	10x	as long as short
OKX EDGE-USDT-SWAP	+0.0157%	4h	0.5830	+0.362%	$3.6M	$5.7M	20x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster EDGEUSDT	+0.0165%	4h	0.5828	+0.331%	$67K	$134K	5x	as long as short
edgeX EDGEUSDC	+0.0178%	4h	0.5827	+0.318%	$13.9M	$3.4M	30x	as long as short
BloFin EDGE-USDT	+0.0191%	4h	0.5827	+0.310%	$629K	$124K	50x	as long as short
Extended EDGE-USD	+0.0192%	1h	0.5819	+0.164%	$26K	$230K	5x	as long as short
MEXC EDGE_USDT	+0.0192%	4h	0.5827	+0.310%	$1.2M	$918K	50x	as long as short
Binance EDGEUSDT	+0.0193%	4h	0.5822	+0.224%	$9.9M	$10.0M	50x	as long as short
Orderly PERP_EDGE_USDC	+0.0363%	4h	0.5826	+0.293%	$3K	—	10x	as long as short