Funding you earn now, next payment 00:00 UTC+0.0568%/8h= +62.2% APRnext payment +$0.71 per $10,000 · paid last 24h +0.107%
Price spread now: Lighter against Extended+0.204%7-day average +0.171% · you sell dearer than you buy
Net, funding: paid 7d − costs−$11as in the Funding arb table
Net, price: spread back to 7d avg − costs−$48as in the Price arb table
costs, in and out, $10k−$510.512% of the position
Funding, last 7 days+0.403%+$40 on $10k
+Price spread, last 4 days (all we have)+0.029%+$3 · spread now +0.204%, 7d avg +0.171%
=Together, before fees+0.432%+ Points / potential airdropExtended: Active · Lighter: Season 3 · farm board+$43 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$17 a day on $10k at the current rate, and Lighter is 0.033% dearer against Extended than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.171%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended GRAM-USD | 1.4507 | 0.0104 | pay 0.0013% / 1h | 54m 43s | $169K | $123K | 5x |
| Short | Lighter GRAM | 1.4536 | 0.0672 | get 0.0084% / 1h | 54m 43s | $2.7M | $2.3M | 20x |
Extended GRAM-USD
Lighter GRAMFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Extended. 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
- $119.28
- Price spread: +0.204% → +0.171%
- $3.28
- Slippage, 4 orders
- −$46.24
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $71.31
- Costs to cover
- 0.512%
- Break-even
- 2.8 days
Slippage from Extended: live order book, 21 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 Extended live order book, 21 min ago | 5.54 bp | 18.5 bp −$18 | 85.0 bp −$850 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 7 min ago | 0.41 bp | 4.7 bp −$5 | 13.8 bp −$138 | 166.3 bp −$16.6K | 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 | −0.114% | $4K | $143K | 12x | as long as short |
| Paradex GRAM-USD-PERP | +0.0100% | 8h | 1.4501 | −0.038% | $2K | $30 | 5x | as long as short |
| Hyperliquid GRAM | +0.0100% | 1h | 1.4517 | +0.072% | $35.7M | $7.0M | 5x | as long as short |
| Binance GRAMUSDT | +0.0100% | 4h | 1.4508 | +0.013% | $20.5M | $26.9M | 50x | as long as short |
| Bybit GRAMUSDT | +0.0100% | 4h | 1.4501 | −0.038% | $30.7M | $13.9M | 50x | as long as short |
| OKX GRAM-USDT-SWAP | +0.0100% | 4h | 1.4490 | −0.114% | $8.6M | $8.5M | 50x | as long as short |
| Gate GRAM_USDT | +0.0100% | 4h | 1.4505 | −0.011% | $3.7M | $3.2M | 75x | as long as short |
| MEXC GRAM_USDT | +0.0100% | 4h | 1.4500 | −0.045% | $15.4M | $2.7M | 20x | as long as short |
| KuCoin GRAMUSDTM | +0.0100% | 4h | 1.4504 | −0.018% | $9.0M | $10.9M | 50x | as long as short |
| Bitget GRAMUSDT | +0.0100% | 4h | 1.4504 | −0.018% | $7.1M | $3.9M | 50x | as long as short |
Injective GRAM/USDC PERP
Paradex GRAM-USD-PERP
Hyperliquid GRAM
Binance GRAMUSDT
Bybit GRAMUSDT
OKX GRAM-USDT-SWAP
Gate GRAM_USDT
MEXC GRAM_USDT
KuCoin GRAMUSDTM
Bitget GRAMUSDTShow all 21 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Backpack GRAM_USDC_PERP | +0.0100% | 1h | 1.4511 | +0.031% | $44K | $15K | 10x | as long as short |
| edgeX GRAMUSDC | +0.0100% | 4h | 1.4486 | −0.141% | $17K | $270K | 10x | as long as short |
| ApeX Omni GRAMUSDT | +0.0100% | 1h | 1.4500 | −0.045% | $13K | $590K | 50x | as long as short |
| Orderly PERP_GRAM_USDC_mythos | +0.0100% | 4h | 1.4500 | −0.045% | $2K | $1K | 10x | as long as short |
| SunX GRAM-USDT | +0.0100% | 4h | 1.4527 | +0.141% | $7K | $596K | 10x | as long as short |
| Phemex GRAMUSDT | +0.0100% | 4h | 1.4500 | −0.045% | $1.6M | $1.7M | 20x | as long as short |
| Extended GRAM-USDlong | +0.0104% | 1h | 1.4507 | long leg | $169K | $123K | 5x | |
| Aster GRAMUSDT | +0.0148% | 4h | 1.4510 | +0.024% | $966K | $99K | 50x | as long as short |
| HTX GRAM-USDT | +0.0312% | 4h | 1.4517 | +0.072% | $336K | $628K | 30x | as long as short |
| BloFin GRAM-USDT | +0.0340% | 4h | 1.4480 | −0.183% | $1.4M | $215K | 50x | as long as short |
| Lighter GRAMshort | +0.0672% | 1h | 1.4536 | +0.204% | $2.7M | $2.3M | 20x |
Backpack GRAM_USDC_PERP
edgeX GRAMUSDC
ApeX Omni GRAMUSDT
Orderly PERP_GRAM_USDC_mythos
SunX GRAM-USDT
Phemex GRAMUSDT
Aster GRAMUSDT
HTX GRAM-USDT
BloFin GRAM-USDT