Funding you earn now, next payment 22:00 UTC−0.0660%/8h= −72.3% APRpaid last 24h −0.099%
Price spread now: Binance against Lighter−0.228%7-day average −0.096% · you buy dearer than you sell
Net, funding: paid 7d − costs−$76as in the Funding arb table
Net, price: spread back to 7d avg − costs−$50as in the Price arb table
costs, in and out, $10k−$370.369% of the position
Funding, last 7 days−0.388%−$39 on $10k
+Price spread, last 7 days+0.205%+$20 · spread now −0.228%, 7d avg −0.096%
=Together, before fees−0.183%+ Points / potential airdropLighter: Season 3 · farm board−$18 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$20 a day on $10k at the current rate, and Binance is 0.133% cheaper against Lighter than usual: you would sell low and buy high (−$13 if the spread goes back to its 7-day average of −0.096%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.388% in total (about -20.2% 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 GRAM | 1.4543 | 0.0760 | pay 0.0095% / 1h | 45m 12s | $2.7M | $2.5M | 20x |
| Short | Binance GRAMUSDT | 1.4510 | 0.0100 | get 0.0050% / 4h | 2h 45m | $20.8M | $25.8M | 50x |
Lighter GRAM
Binance GRAMUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance 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
- −$138.6
- Price spread: −0.228% → −0.096%
- −$13.26
- Slippage, 4 orders
- −$26.87
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$188.73
- Costs to cover
- 0.369%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 2 min ago; Binance: live order book, 11 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, 2 min ago | 0.45 bp | 6.8 bp −$7 | 37.6 bp −$376 | 216.6 bp −$21.7K | doesn't fit |
| Sell Binance live order book, 11 min ago | 3.45 bp | 8.4 bp −$8 | 20.5 bp −$205 | 183.4 bp −$18.3K | 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 | |
|---|---|---|---|---|---|---|---|---|
| Paradex GRAM-USD-PERP | +0.0100% | 8h | 1.4514 | −0.201% | $2K | $30 | 5x | as long as short |
| Hyperliquid GRAM | +0.0100% | 1h | 1.4522 | −0.146% | $35.8M | $6.8M | 5x | as long as short |
| Binance GRAMUSDTshort | +0.0100% | 4h | 1.4510 | −0.228% | $20.8M | $25.8M | 50x | |
| Bybit GRAMUSDT | +0.0100% | 4h | 1.4507 | −0.249% | $30.6M | $13.9M | 50x | as long as short |
| OKX GRAM-USDT-SWAP | +0.0100% | 4h | 1.4500 | −0.297% | $8.6M | $8.3M | 50x | as long as short |
| Gate GRAM_USDT | +0.0100% | 4h | 1.4511 | −0.221% | $3.7M | $3.2M | 75x | as long as short |
| MEXC GRAM_USDT | +0.0100% | 4h | 1.4510 | −0.228% | $15.3M | $2.8M | 20x | as long as short |
| KuCoin GRAMUSDTM | +0.0100% | 4h | 1.4502 | −0.283% | $8.7M | $10.9M | 50x | as long as short |
| Bitget GRAMUSDT | +0.0100% | 4h | 1.4509 | −0.235% | $7.2M | $3.7M | 50x | as long as short |
| Backpack GRAM_USDC_PERP | +0.0100% | 1h | 1.4517 | −0.180% | $44K | $12K | 10x | as long as short |
Paradex GRAM-USD-PERP
Hyperliquid GRAM
Bybit GRAMUSDT
OKX GRAM-USDT-SWAP
Gate GRAM_USDT
MEXC GRAM_USDT
KuCoin GRAMUSDTM
Bitget GRAMUSDT
Backpack GRAM_USDC_PERPShow all 21 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| edgeX GRAMUSDC | +0.0100% | 4h | 1.4522 | −0.146% | $17K | $271K | 10x | as long as short |
| ApeX Omni GRAMUSDT | +0.0100% | 1h | 1.4530 | −0.091% | $13K | $586K | 50x | as long as short |
| Orderly PERP_GRAM_USDC_mythos | +0.0100% | 4h | 1.4520 | −0.160% | $2K | $1K | 10x | as long as short |
| SunX GRAM-USDT | +0.0100% | 4h | 1.4526 | −0.118% | $7K | $572K | 10x | as long as short |
| Phemex GRAMUSDT | +0.0100% | 4h | 1.4510 | −0.228% | $1.6M | $1.7M | 20x | as long as short |
| Extended GRAM-USD | +0.0104% | 1h | 1.4509 | −0.238% | $150K | $103K | 5x | as long as short |
| Injective GRAM/USDC PERP | +0.0132% | 1h | 1.4540 | −0.022% | $4K | $121K | 12x | as long as short |
| Aster GRAMUSDT | +0.0237% | 4h | 1.4537 | −0.040% | $967K | $99K | 50x | as long as short |
| BloFin GRAM-USDT | +0.0340% | 4h | 1.4500 | −0.297% | $1.4M | $210K | 50x | as long as short |
| Lighter GRAMlong | +0.0760% | 1h | 1.4543 | long leg | $2.7M | $2.5M | 20x | |
| HTX GRAM-USDT | +0.1359% | 4h | 1.4587 | +0.301% | $338K | $628K | 30x | as long as short |
edgeX GRAMUSDC
ApeX Omni GRAMUSDT
Orderly PERP_GRAM_USDC_mythos
SunX GRAM-USDT
Phemex GRAMUSDT
Extended GRAM-USD
Injective GRAM/USDC PERP
Aster GRAMUSDT
BloFin GRAM-USDT
HTX GRAM-USDT