Funding you earn now, next payment 09:00 UTC−0.0024%/8h= −2.6% APRnext payment −$0.03 per $10,000 · paid last 24h −0.116%
Price spread now: Extended against Lighter−0.114%7-day average −0.169% · you buy dearer than you sell
Net, funding: paid 7d − costs−$95as in the Funding arb table
Net, price: spread back to 7d avg − costs−$45as in the Price arb table
costs, in and out, $10k−$510.507% of the position
Funding, last 7 days−0.438%−$44 on $10k
+Price spread, last 4 days (all we have)−0.122%−$12 · spread now −0.114%, 7d avg −0.169%
=Together, before fees−0.560%+ Points / potential airdropLighter: Season 3 · Extended: Active · farm board−$56 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Extended is 0.055% dearer against Lighter than usual: you sell high and buy low (spread −0.114% now, against its 7-day average of −0.169%): +$5 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 7.6 days. At the pace of the last 7 days (−0.438% in total) that is about 21 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter GRAM | 1.4293 | 0.0128 | pay 0.0016% / 1h | 39m 01s | $2.3M | $2.8M | 20x |
| Short | Extended GRAM-USD | 1.4276 | 0.0104 | get 0.0013% / 1h | 39m 01s | $166K | $122K | 5x |
Lighter GRAM
Extended GRAM-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended 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
- −$5.04
- Price spread: −0.114% → −0.169%
- $5.46
- Slippage, 4 orders
- −$45.68
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$50.26
- Costs to cover
- 0.507%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 3 min ago; Extended: live order book, 57 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, 3 min ago | 2.41 bp | 7.9 bp −$8 | 26.6 bp −$266 | 240.3 bp −$24.0K | doesn't fit |
| Sell Extended live order book, 57 min ago | 5.24 bp | 17.0 bp −$17 | 91.3 bp −$913 | 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 | +1.381% | $4K | $143K | 12x | as long as short |
| Binance GRAMUSDT | +0.0100% | 4h | 1.4276 | −0.114% | $20.1M | $27.2M | 50x | as long as short |
| Bybit GRAMUSDT | +0.0100% | 4h | 1.4280 | −0.088% | $30.2M | $13.3M | 50x | as long as short |
| OKX GRAM-USDT-SWAP | +0.0100% | 4h | 1.4280 | −0.088% | $8.5M | $7.9M | 50x | as long as short |
| Gate GRAM_USDT | +0.0100% | 4h | 1.4281 | −0.081% | $3.6M | $3.4M | 75x | as long as short |
| MEXC GRAM_USDT | +0.0100% | 4h | 1.4270 | −0.158% | $16.0M | $2.7M | 20x | as long as short |
| KuCoin GRAMUSDTM | +0.0100% | 4h | 1.4279 | −0.095% | $8.8M | $9.8M | 50x | as long as short |
| Bitget GRAMUSDT | +0.0100% | 4h | 1.4280 | −0.088% | $7.0M | $4.0M | 50x | as long as short |
| edgeX GRAMUSDC | +0.0100% | 4h | 1.4265 | −0.193% | $16K | $275K | 10x | as long as short |
| ApeX Omni GRAMUSDT | +0.0100% | 1h | 1.4280 | −0.088% | $14K | $614K | 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
edgeX GRAMUSDC
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 | 1.4290 | −0.018% | $2K | $1K | 10x | as long as short |
| SunX GRAM-USDT | +0.0100% | 4h | 1.4296 | +0.024% | $7K | $552K | 10x | as long as short |
| HTX GRAM-USDT | +0.0100% | 4h | 1.4301 | +0.059% | $303K | $625K | 30x | as long as short |
| Phemex GRAMUSDT | +0.0100% | 4h | 1.4280 | −0.088% | $1.6M | $1.7M | 20x | as long as short |
| Paradex GRAM-USD-PERP | +0.0100% | 8h | 1.4273 | −0.138% | $2K | $31 | 5x | as long as short |
| Extended GRAM-USDshort | +0.0104% | 1h | 1.4276 | −0.114% | $166K | $122K | 5x | |
| Lighter GRAMlong | +0.0128% | 1h | 1.4293 | long leg | $2.3M | $2.8M | 20x | |
| Hyperliquid GRAM | +0.0151% | 1h | 1.4289 | −0.025% | $35.1M | $7.7M | 5x | as long as short |
| Aster GRAMUSDT | +0.0297% | 4h | 1.4309 | +0.114% | $966K | $120K | 50x | as long as short |
| BloFin GRAM-USDT | +0.0340% | 4h | 1.4280 | −0.088% | $1.4M | $242K | 50x | as long as short |
| Backpack GRAM_USDC_PERP | +0.0367% | 1h | 1.4287 | −0.039% | $53K | $14K | 10x | as long as short |
Orderly PERP_GRAM_USDC_mythos
SunX GRAM-USDT
HTX GRAM-USDT
Phemex GRAMUSDT
Paradex GRAM-USD-PERP
Hyperliquid GRAM
Aster GRAMUSDT
BloFin GRAM-USDT
Backpack GRAM_USDC_PERP