Funding you earn now, next payment 02:00 UTC−0.0708%/8h= −77.5% APRpaid last 24h −0.114%
Price spread now: edgeX against Lighter−0.654%7-day average −0.180% · you buy dearer than you sell
Net, funding: paid 7d − costs−$104as in the Funding arb table
Net, price: spread back to 7d avg − costs−$110as in the Price arb table
costs, in and out, $10k−$630.628% of the position
Funding, last 7 days−0.410%−$41 on $10k
+Price spread, last 3 days (all we have)+0.376%+$38 · spread now −0.654%, 7d avg −0.180%
=Together, before fees−0.034%+ Points / potential airdropLighter: Season 3 · edgeX: Active · farm board−$3 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$21 a day on $10k at the current rate, and edgeX is 0.474% cheaper against Lighter than usual: you would sell low and buy high (−$47 if the spread goes back to its 7-day average of −0.180%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.410% in total (about -21.4% 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 | 1.4583 | 0.0808 | pay 0.0101% / 1h | 49m 25s | $2.6M | $2.4M | 20x |
| Short | edgeX GRAMUSDC | 1.4488 | 0.0100 | get 0.0050% / 4h | 2h 49m | $17K | $272K | 10x |
Lighter GRAM
edgeX GRAMUSDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
edgeX 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
- −$148.68
- Price spread: −0.654% → −0.180%
- −$47.35
- Slippage, 4 orders
- −$53.82
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- −$258.85
- Costs to cover
- 0.628%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 13 min ago; edgeX: live order book, 18 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, 13 min ago | 2.96 bp | 13.4 bp −$13 | 40.4 bp −$404 | 193.2 bp −$19.3K | doesn't fit |
| Sell edgeX live order book, 18 min ago | 17.09 bp | 21.6 bp −$22 | 42.4 bp −$424 | doesn't fit | 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 | −0.640% | $4K | $143K | 12x | as long as short |
| Binance GRAMUSDT | +0.0100% | 4h | 1.4560 | −0.160% | $20.6M | $27.5M | 50x | as long as short |
| Bybit GRAMUSDT | +0.0100% | 4h | 1.4561 | −0.153% | $31.0M | $14.0M | 50x | as long as short |
| OKX GRAM-USDT-SWAP | +0.0100% | 4h | 1.4550 | −0.228% | $8.7M | $8.7M | 50x | as long as short |
| Gate GRAM_USDT | +0.0100% | 4h | 1.4566 | −0.119% | $3.7M | $3.2M | 75x | as long as short |
| MEXC GRAM_USDT | +0.0100% | 4h | 1.4550 | −0.228% | $15.6M | $2.6M | 20x | as long as short |
| KuCoin GRAMUSDTM | +0.0100% | 4h | 1.4558 | −0.173% | $8.9M | $10.8M | 50x | as long as short |
| Bitget GRAMUSDT | +0.0100% | 4h | 1.4563 | −0.139% | $7.3M | $4.1M | 50x | as long as short |
| edgeX GRAMUSDCshort | +0.0100% | 4h | 1.4488 | −0.654% | $17K | $272K | 10x | |
| ApeX Omni GRAMUSDT | +0.0100% | 1h | 1.4520 | −0.434% | $14K | $604K | 50x | as long as short |
Injective GRAM/USDC PERP
Binance GRAMUSDT
Bybit GRAMUSDT
OKX GRAM-USDT-SWAP
Gate GRAM_USDT
MEXC GRAM_USDT
KuCoin GRAMUSDTM
Bitget GRAMUSDT
ApeX Omni GRAMUSDTShow all 21 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_GRAM_USDC_mythos | +0.0100% | 4h | 1.4550 | −0.228% | $2K | $1K | 10x | as long as short |
| SunX GRAM-USDT | +0.0100% | 4h | 1.4556 | −0.187% | $7K | $596K | 10x | as long as short |
| HTX GRAM-USDT | +0.0100% | 4h | 1.4548 | −0.242% | $339K | $625K | 30x | as long as short |
| Phemex GRAMUSDT | +0.0100% | 4h | 1.4550 | −0.228% | $1.6M | $1.7M | 20x | as long as short |
| Paradex GRAM-USD-PERP | +0.0100% | 8h | 1.4549 | −0.237% | $2K | $19 | 5x | as long as short |
| Extended GRAM-USD | +0.0104% | 1h | 1.4551 | −0.221% | $170K | $123K | 5x | as long as short |
| Hyperliquid GRAM | +0.0190% | 1h | 1.4568 | −0.105% | $35.8M | $7.1M | 5x | as long as short |
| BloFin GRAM-USDT | +0.0340% | 4h | 1.4490 | −0.640% | $1.4M | $199K | 50x | as long as short |
| Backpack GRAM_USDC_PERP | +0.0459% | 1h | 1.4566 | −0.119% | $54K | $20K | 10x | as long as short |
| Aster GRAMUSDT | +0.0477% | 4h | 1.4562 | −0.143% | $980K | $119K | 50x | as long as short |
| Lighter GRAMlong | +0.0808% | 1h | 1.4583 | long leg | $2.6M | $2.4M | 20x |
Orderly PERP_GRAM_USDC_mythos
SunX GRAM-USDT
HTX GRAM-USDT
Phemex GRAMUSDT
Paradex GRAM-USD-PERP
Extended GRAM-USD
Hyperliquid GRAM
BloFin GRAM-USDT
Backpack GRAM_USDC_PERP
Aster GRAMUSDT