Funding you earn now, next payment 01:00 UTC−0.0140%/8h= −15.3% APRpaid last 24h −0.113%
Price spread now: Orderly against Lighter−0.106%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories
Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Orderly is 0.106% cheaper against Lighter than usual: you would sell low and buy high (−$11 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter GRAM | 1.4485 | 0.0240 | pay 0.0030% / 1h | 40m 26s | $2.6M | $2.4M | 20x |
| Short | Orderly PERP_GRAM_USDC_mythos | 1.4470 | 0.0100 | get 0.0050% / 4h | 3h 40m | $2K | $1K | 10x |
Lighter GRAM
Orderly PERP_GRAM_USDC_mythosFunding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly 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
- −$29.4
- Price spread: −0.106% → 0.000%
- −$10.56
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- −$45.96
- Costs to cover
- 0.060%
- Break-even
- never at this rate
Slippage unknown: Lighter: live order book, 2 min ago; Orderly: no order-book sample. Net counts fees only.
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 | 0.93 bp | 4.4 bp −$4 | 25.3 bp −$253 | 169.8 bp −$17.0K | doesn't fit |
| Sell Orderly no order-book sample | — | — | — | — | — |
Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | +0.032% | $4K | $143K | 12x | as long as short |
| Paradex GRAM-USD-PERP | +0.0100% | 8h | 1.4472 | −0.093% | $2K | $30 | 5x | as long as short |
| Hyperliquid GRAM | +0.0100% | 1h | 1.4491 | +0.039% | $35.6M | $7.0M | 5x | as long as short |
| Binance GRAMUSDT | +0.0100% | 4h | 1.4473 | −0.087% | $20.4M | $27.0M | 50x | as long as short |
| Bybit GRAMUSDT | +0.0100% | 4h | 1.4475 | −0.071% | $30.6M | $13.7M | 50x | as long as short |
| OKX GRAM-USDT-SWAP | +0.0100% | 4h | 1.4460 | −0.175% | $8.6M | $8.3M | 50x | as long as short |
| Gate GRAM_USDT | +0.0100% | 4h | 1.4471 | −0.099% | $3.7M | $3.2M | 75x | as long as short |
| MEXC GRAM_USDT | +0.0100% | 4h | 1.4460 | −0.175% | $15.4M | $2.6M | 20x | as long as short |
| KuCoin GRAMUSDTM | +0.0100% | 4h | 1.4473 | −0.085% | $8.9M | $10.9M | 50x | as long as short |
| Bitget GRAMUSDT | +0.0100% | 4h | 1.4474 | −0.078% | $7.2M | $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 | 1.4476 | −0.064% | $53K | $20K | 10x | as long as short |
| edgeX GRAMUSDC | +0.0100% | 4h | 1.4472 | −0.095% | $17K | $271K | 10x | as long as short |
| ApeX Omni GRAMUSDT | +0.0100% | 1h | 1.4460 | −0.175% | $14K | $599K | 50x | as long as short |
| Orderly PERP_GRAM_USDC_mythosshort | +0.0100% | 4h | 1.4470 | −0.106% | $2K | $1K | 10x | |
| SunX GRAM-USDT | +0.0100% | 4h | 1.4486 | +0.005% | $7K | $592K | 10x | as long as short |
| Phemex GRAMUSDT | +0.0100% | 4h | 1.4460 | −0.175% | $1.6M | $1.7M | 20x | as long as short |
| Extended GRAM-USD | +0.0104% | 1h | 1.4471 | −0.099% | $169K | $123K | 5x | as long as short |
| Aster GRAMUSDT | +0.0200% | 4h | 1.4480 | −0.037% | $975K | $111K | 50x | as long as short |
| Lighter GRAMlong | +0.0240% | 1h | 1.4485 | long leg | $2.6M | $2.4M | 20x | |
| HTX GRAM-USDT | +0.0273% | 4h | 1.4514 | +0.198% | $337K | $618K | 30x | as long as short |
| BloFin GRAM-USDT | +0.0340% | 4h | 1.4480 | −0.037% | $1.4M | $205K | 50x | as long as short |
Backpack GRAM_USDC_PERP
edgeX GRAMUSDC
ApeX Omni GRAMUSDT
SunX GRAM-USDT
Phemex GRAMUSDT
Extended GRAM-USD
Aster GRAMUSDT
HTX GRAM-USDT
BloFin GRAM-USDT