Funding you earn now, next payment 04:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.118%
Price spread now: Lighter against Bybit+0.044%7-day average +0.099% · you sell dearer than you buy
Net, funding: paid 7d − costs+$2as in the Funding arb table
Net, price: spread back to 7d avg − costs−$50as in the Price arb table
costs, in and out, $10k−$450.449% of the position
Funding, last 7 days+0.465%+$46 on $10k
+Price spread, last 7 days−0.068%−$7 · spread now +0.044%, 7d avg +0.099%
=Together, before fees+0.397%+ Points / potential airdropLighter: Season 3 · farm board+$40 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 0.055% cheaper against Bybit than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of +0.099%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit GRAMUSDT | 1.4361 | 0.0100 | pay 0.0050% / 4h | 1m 43s | $30.3M | $14.2M | 50x |
| Short | Lighter GRAM | 1.4367 | 0.0096 | get 0.0012% / 1h | 1m 43s | $2.3M | $2.9M | 20x |
Bybit GRAMUSDT
Lighter GRAMFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Bybit. 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: +0.044% → +0.099%
- −$5.47
- Slippage, 4 orders
- −$33.86
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$51.18
- Costs to cover
- 0.449%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 2 min ago; Lighter: 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 Bybit live order book, 2 min ago | 3.49 bp | 15.7 bp −$16 | 36.5 bp −$365 | 981.5 bp −$98.1K | doesn't fit |
| Sell Lighter live order book, 5 min ago | 1.39 bp | 6.5 bp −$7 | 33.4 bp −$334 | 173.3 bp −$17.3K | doesn't fit |
GRAM on 21 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 GRAM/USDC PERP | +0.0033% | 1h | 1.4490 | +0.898% | $4K | $143K | 12x | as long as short |
| Lighter GRAMshort | +0.0096% | 1h | 1.4367 | +0.044% | $2.3M | $2.9M | 20x | |
| Paradex GRAM-USD-PERP | +0.0098% | 8h | 1.4352 | −0.065% | $2K | $19 | 5x | as long as short |
| Hyperliquid GRAM | +0.0100% | 1h | 1.4369 | +0.056% | $35.3M | $7.3M | 5x | as long as short |
| Binance GRAMUSDT | +0.0100% | 4h | 1.4360 | −0.007% | $20.3M | $28.8M | 50x | as long as short |
| Bybit GRAMUSDTlong | +0.0100% | 4h | 1.4361 | long leg | $30.3M | $14.2M | 50x | |
| OKX GRAM-USDT-SWAP | +0.0100% | 4h | 1.4360 | −0.007% | $8.6M | $8.7M | 50x | as long as short |
| Gate GRAM_USDT | +0.0100% | 4h | 1.4359 | −0.014% | $3.6M | $3.6M | 75x | as long as short |
| MEXC GRAM_USDT | +0.0100% | 4h | 1.4360 | −0.007% | $15.7M | $2.7M | 20x | as long as short |
| KuCoin GRAMUSDTM | +0.0100% | 4h | 1.4361 | 0.000% | $8.9M | $10.4M | 50x | as long as short |
Injective GRAM/USDC PERP
Paradex GRAM-USD-PERP
Hyperliquid GRAM
Binance GRAMUSDT
OKX GRAM-USDT-SWAP
Gate GRAM_USDT
MEXC GRAM_USDT
KuCoin GRAMUSDTMShow all 21 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget GRAMUSDT | +0.0100% | 4h | 1.4361 | 0.000% | $7.1M | $4.2M | 50x | as long as short |
| edgeX GRAMUSDC | +0.0100% | 4h | 1.4366 | +0.032% | $17K | $274K | 10x | as long as short |
| ApeX Omni GRAMUSDT | +0.0100% | 1h | 1.4350 | −0.077% | $14K | $615K | 50x | as long as short |
| Orderly PERP_GRAM_USDC_mythos | +0.0100% | 4h | 1.4350 | −0.077% | $2K | $1K | 10x | as long as short |
| SunX GRAM-USDT | +0.0100% | 4h | 1.4357 | −0.028% | $6K | $612K | 10x | as long as short |
| HTX GRAM-USDT | +0.0100% | 4h | 1.4378 | +0.118% | $326K | $677K | 30x | as long as short |
| Phemex GRAMUSDT | +0.0100% | 4h | 1.4350 | −0.077% | $1.5M | $1.8M | 20x | as long as short |
| Extended GRAM-USD | +0.0104% | 1h | 1.4356 | −0.035% | $168K | $123K | 5x | as long as short |
| Aster GRAMUSDT | +0.0109% | 4h | 1.4355 | −0.043% | $962K | $127K | 50x | as long as short |
| Backpack GRAM_USDC_PERP | +0.0266% | 1h | 1.4359 | −0.014% | $53K | $16K | 10x | as long as short |
| BloFin GRAM-USDT | +0.0340% | 4h | 1.4330 | −0.216% | $1.4M | $231K | 50x | as long as short |
Bitget GRAMUSDT
edgeX GRAMUSDC
ApeX Omni GRAMUSDT
Orderly PERP_GRAM_USDC_mythos
SunX GRAM-USDT
HTX GRAM-USDT
Phemex GRAMUSDT
Extended GRAM-USD
Aster GRAMUSDT
Backpack GRAM_USDC_PERP
BloFin GRAM-USDT