Funding you earn now, next payment 23:00 UTC−0.1099%/8h= −120.4% APRnext payment −$1.37 per $10,000 · paid last 24h −0.141%
Price spread now: Injective against Lighter−0.303%7-day average −0.170% · you buy dearer than you sell
Net, funding: paid 7d − costs−$143as in the Funding arb table
Net, price: spread back to 7d avg − costs−$106as in the Price arb table
costs, in and out, $10k−$920.923% of the position
Funding, last 7 days−0.503%−$50 on $10k
+Price spread, last 3 days (all we have)−0.364%−$36 · spread now −0.303%, 7d avg −0.170%
=Together, before fees−0.868%+ Points / potential airdropLighter: Season 3 · farm board−$87 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$33 a day on $10k at the current rate, and Injective is 0.134% cheaper against Lighter than usual: you would sell low and buy high (−$13 if the spread goes back to its 7-day average of −0.170%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.503% in total (about -26.2% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.37 per $10,000. 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 | 1.4534 | 0.0712 | pay 0.0089% / 1h | 43m 03s | $2.7M | $2.3M | 20x |
| Short | Injective GRAM/USDC PERP | 1.4490 | −0.0387 | pay 0.0048% / 1h | 43m 03s | $4K | $143K | 12x |
Lighter GRAM
Injective GRAM/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective 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
- −$230.87
- Price spread: −0.303% → −0.170%
- −$13.39
- Slippage, 4 orders
- −$92.23
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$336.51
- Costs to cover
- 0.923%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 4 min ago; Injective: live order book, 21 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, 4 min ago | 1.03 bp | 6.5 bp −$6 | 34.4 bp −$344 | 220.7 bp −$22.1K | doesn't fit |
| Sell Injective live order book, 21 min ago | 37.97 bp | 38.0 bp −$38 | doesn't fit | 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 PERPshort | −0.0387% | 1h | 1.4490 | −0.303% | $4K | $143K | 12x | |
| Paradex GRAM-USD-PERP | +0.0099% | 8h | 1.4501 | −0.230% | $2K | $30 | 5x | as long as short |
| Binance GRAMUSDT | +0.0100% | 4h | 1.4501 | −0.225% | $20.5M | $26.7M | 50x | as long as short |
| Bybit GRAMUSDT | +0.0100% | 4h | 1.4520 | −0.097% | $30.7M | $14.0M | 50x | as long as short |
| OKX GRAM-USDT-SWAP | +0.0100% | 4h | 1.4520 | −0.097% | $8.7M | $8.5M | 50x | as long as short |
| Gate GRAM_USDT | +0.0100% | 4h | 1.4509 | −0.173% | $3.7M | $3.2M | 75x | as long as short |
| MEXC GRAM_USDT | +0.0100% | 4h | 1.4500 | −0.235% | $15.4M | $2.8M | 20x | as long as short |
| KuCoin GRAMUSDTM | +0.0100% | 4h | 1.4500 | −0.235% | $8.6M | $11.0M | 50x | as long as short |
| Bitget GRAMUSDT | +0.0100% | 4h | 1.4521 | −0.090% | $7.2M | $3.8M | 50x | as long as short |
| Backpack GRAM_USDC_PERP | +0.0100% | 1h | 1.4511 | −0.159% | $45K | $13K | 10x | as long as short |
Paradex GRAM-USD-PERP
Binance GRAMUSDT
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 | 1.4511 | −0.162% | $17K | $272K | 10x | as long as short |
| ApeX Omni GRAMUSDT | +0.0100% | 1h | 1.4530 | −0.028% | $13K | $588K | 50x | as long as short |
| Orderly PERP_GRAM_USDC_mythos | +0.0100% | 4h | 1.4510 | −0.166% | $2K | $1K | 10x | as long as short |
| SunX GRAM-USDT | +0.0100% | 4h | 1.4536 | +0.013% | $7K | $590K | 10x | as long as short |
| Phemex GRAMUSDT | +0.0100% | 4h | 1.4500 | −0.235% | $1.6M | $1.7M | 20x | as long as short |
| Extended GRAM-USD | +0.0104% | 1h | 1.4512 | −0.149% | $169K | $123K | 5x | as long as short |
| Aster GRAMUSDT | +0.0237% | 4h | 1.4530 | −0.025% | $966K | $98K | 50x | as long as short |
| BloFin GRAM-USDT | +0.0340% | 4h | 1.4500 | −0.235% | $1.4M | $210K | 50x | as long as short |
| Hyperliquid GRAM | +0.0385% | 1h | 1.4519 | −0.104% | $35.9M | $6.9M | 5x | as long as short |
| HTX GRAM-USDT | +0.0651% | 4h | 1.4551 | +0.116% | $337K | $621K | 30x | as long as short |
| Lighter GRAMlong | +0.0712% | 1h | 1.4534 | long leg | $2.7M | $2.3M | 20x |
edgeX GRAMUSDC
ApeX Omni GRAMUSDT
Orderly PERP_GRAM_USDC_mythos
SunX GRAM-USDT
Phemex GRAMUSDT
Extended GRAM-USD
Aster GRAMUSDT
BloFin GRAM-USDT
Hyperliquid GRAM
HTX GRAM-USDT