Funding arb · Price arb /

FARTCOIN

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0150%/8h= −16.4% APRpaid last 24h +0.040%

Price spread now: Lighter against GRVT+0.714%78s7-day average −0.043% · you sell dearer than you buy

Net, funding: paid 7d − costs−$38as 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−$620.617% of the position

Long on GRVT Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.238%+$24 on $10k

Price spread, last 7 days−0.809%−$81 · spread now +0.714%, 7d avg −0.043%

Together, before fees−0.571%+ Points / potential airdropGRVT: Active · Lighter: Season 3 · farm board−$57 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Lighter is 0.757% dearer against GRVT than usual: you sell high and buy low (spread +0.714% now, against its 7-day average of −0.043%): +$76 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 17 days. Mind the row above: over the last 7 days funding on this pair paid +0.238%, so the current rate has only just turned against you. The two prices were read 78 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	GRVT FARTCOIN_USDT_Perp	0.1936	0.0494	pay 0.0247% / 4h	43m 55s	$253K	$4.4M	10x
Short	Lighter FARTCOIN	0.1950	0.0344	get 0.0043% / 1h	43m 55s	$629K	$1.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against GRVT. 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 GRVTbpFee LighterbpOrdersPrice spread, now +0.714%Rate

Funding earned: −$31.5
Price spread: +0.714% → −0.043%: $75.71
Slippage, 4 orders: −$52.68
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Lighter: 0 bp × 2 orders: $0
Net: −$17.47
Costs to cover: 0.617%
Break-even: from the start

Slippage from GRVT: live order book, 5 min ago; Lighter: live order book, 7 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 GRVT live order book, 5 min ago	2.58 bp	22.3 bp −$22	49.3 bp −$493	doesn't fit	doesn't fit
Sell Lighter live order book, 7 min ago	2.31 bp	15.9 bp −$16	39.0 bp −$390	doesn't fit	doesn't fit

FARTCOIN on 36 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
gTrade (Gains Network) FARTCOIN/USD	L +0.0005% / S −0.0004%	1h	0.1947	+0.556%	$571	—	150x	as long as short
Injective FARTCOIN/USDC PERP	+0.0033%	1h	0.1984	+2.459%	$1K	$5	5.5x	as long as short
SunX FARTCOIN-USDT	+0.0100%	4h	0.1950	+0.704%	$2K	$1.7M	20x	as long as short
SoDEX FARTCOIN-USD	+0.0100%	1h	0.1949	+0.652%	$156K	$7K	10x	as long as short
HTX FARTCOIN-USDT	+0.0100%	4h	0.1950	+0.704%	$68K	$151K	20x	as long as short
Polymarket Perps FARTCOIN-USD	+0.0125%	1h	0.1950	+0.678%	$110K	$865K	10x	as long as short
Bulk FARTCOIN-USD	+0.0183%	1h	0.1945	+0.427%	$77K	$2K	10x	as long as short
Aevo FARTCOIN-PERP	+0.0184%	1h	0.1946	+0.491%	$31K	—	3x	as long as short
OKX FARTCOIN-USDT-SWAP	+0.0252%	4h	0.1949	+0.652%	$4.8M	$15.2M	20x	as long as short
Gate FARTCOIN_USDT	+0.0264%	4h	0.1948	+0.605%	$11.1M	$8.7M	75x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget FARTCOINUSDT	+0.0270%	4h	0.1949	+0.652%	$13.7M	$17.2M	50x	as long as short
Backpack FARTCOIN_USDC_PERP	+0.0278%	1h	0.1948	+0.611%	$82K	$255K	10x	as long as short
Lighter FARTCOINshort	+0.0344%	1h	0.1950	+0.714%	$629K	$1.3M	10x
Pacifica FARTCOIN	+0.0348%	1h	0.1946	+0.487%	$182K	$412K	10x	as long as short
KuCoin FARTCOINUSDTM	+0.0370%	4h	0.1950	+0.704%	$10.7M	$15.5M	50x	as long as short
GMX FARTCOIN/USD [WBTC.b-USDC]	L +0.0389% / S −0.0566%	1h	0.1948	+0.599%	$44K	—	100x	as long as short
MEXC FARTCOIN_USDT	+0.0408%	4h	0.1949	+0.636%	$32.2M	$14.2M	100x	as long as short
Reya FARTCOINRUSDPERP	+0.0411%	1h	0.1951	+0.744%	$0	—	5x	as long as short
Binance FARTCOINUSDT	+0.0411%	4h	0.1949	+0.652%	$18.7M	$79.1M	75x	as long as short
Bybit FARTCOINUSDT	+0.0417%	4h	0.1948	+0.600%	$30.1M	$53.5M	50x	as long as short
Aster FARTCOINUSDT	+0.0451%	4h	0.1947	+0.525%	$82K	$192K	5x	as long as short
BingX FARTCOIN-USDC	+0.0470%	4h	0.1948	+0.600%	—	$6.5M	—	as long as short
GRVT FARTCOIN_USDT_Perplong	+0.0494%	4h	0.1936	long leg	$253K	$4.4M	10x
Kraken Futures PF_FARTCOINUSD	+0.0598%	1h	0.1948	+0.586%	$760K	$1.9M	50x	as long as short
Extended FARTCOIN-USD	+0.0616%	1h	0.1949	+0.638%	$217K	$2.0M	25x	as long as short
Variational Omni FARTCOIN	+0.0628%	4h	0.1939	+0.140%	$807K	$2.7M	—	as long as short
BloFin FARTCOIN-USDT	+0.0650%	4h	0.1945	+0.445%	$969K	$2.0M	75x	as long as short
Phoenix FARTCOIN	+0.0704%	1h	0.1940	+0.197%	$153K	$211K	10x	as long as short
Deribit FARTCOIN_USDC-PERPETUAL	+0.0726%	1h	0.1949	+0.652%	$124K	$62K	25x	as long as short
ApeX Omni FARTCOINUSDT	+0.0775%	1h	0.1936	−0.019%	$26K	$211K	50x	as long as short
Nado FARTCOIN-PERP	+0.0785%	1h	0.1951	+0.729%	$790K	$732K	10x	as long as short
Orderly PERP_FARTCOIN_USDC	+0.0908%	4h	0.1950	+0.704%	$24K	$4K	20x	as long as short
Arcus FARTCOIN-USD	+0.0973%	1h	0.1949	+0.652%	$14K	$112K	10x	as long as short
01 Exchange FARTCOINUSD	+0.1048%	1h	0.1954	+0.890%	$401	$386	10x	as long as short
Coinbase International FARTCOIN-PERP-INTX	+0.1152%	1h	0.1948	+0.590%	$1.1M	$7.3M	50x	as long as short
Hyperliquid FARTCOIN	+0.1172%	1h	0.1950	+0.719%	$43.6M	$29.6M	10x	as long as short