Funding you earn now, next payment 06:00 UTC−0.0148%/8h= −16.2% APRpaid last 24h −0.115%
Price spread now: Phemex against Lighter−0.203%7-day average −0.149% · you buy dearer than you sell
Net, funding: paid 7d − costs−$195as in the Funding arb table
Net, price: spread back to 7d avg − costs−$164as in the Price arb table
costs, in and out, $10k−$1591.589% of the position
Funding, last 7 days−0.358%−$36 on $10k
+Price spread, last 4 days (all we have)+0.091%+$9 · spread now −0.203%, 7d avg −0.149%
=Together, before fees−0.267%+ Points / potential airdropLighter: Season 3 · farm board−$27 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Phemex is 0.055% cheaper against Lighter than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.149%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter GRAM | 1.4419 | 0.0248 | pay 0.0031% / 1h | 56m 08s | $2.3M | $2.9M | 20x |
| Short | Phemex GRAMUSDT | 1.4390 | 0.0100 | get 0.0050% / 4h | 2h 56m | $1.6M | $1.8M | 20x |
Lighter GRAM
Phemex GRAMUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex 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
- −$31.08
- Price spread: −0.203% → −0.149%
- −$5.46
- Slippage, 4 orders
- −$146.87
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$195.41
- Costs to cover
- 1.589%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 6 min ago; Phemex: live order book, 2 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, 6 min ago | 2.32 bp | 6.1 bp −$6 | 23.9 bp −$239 | 161.2 bp −$16.1K | doesn't fit |
| Sell Phemex live order book, 2 min ago | 3.47 bp | 73.2 bp −$73 | 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 PERP | +0.0033% | 1h | 1.4490 | +0.490% | $4K | $143K | 12x | as long as short |
| Binance GRAMUSDT | +0.0100% | 4h | 1.4400 | −0.134% | $20.3M | $27.5M | 50x | as long as short |
| Bybit GRAMUSDT | +0.0100% | 4h | 1.4403 | −0.113% | $30.4M | $13.6M | 50x | as long as short |
| OKX GRAM-USDT-SWAP | +0.0100% | 4h | 1.4400 | −0.134% | $8.6M | $8.1M | 50x | as long as short |
| Gate GRAM_USDT | +0.0100% | 4h | 1.4404 | −0.106% | $3.6M | $3.4M | 75x | as long as short |
| MEXC GRAM_USDT | +0.0100% | 4h | 1.4400 | −0.134% | $16.5M | $2.6M | 20x | as long as short |
| KuCoin GRAMUSDTM | +0.0100% | 4h | 1.4409 | −0.071% | $9.2M | $10.1M | 50x | as long as short |
| Bitget GRAMUSDT | +0.0100% | 4h | 1.4403 | −0.113% | $7.1M | $4.0M | 50x | as long as short |
| edgeX GRAMUSDC | +0.0100% | 4h | 1.4384 | −0.245% | $17K | $276K | 10x | as long as short |
| ApeX Omni GRAMUSDT | +0.0100% | 1h | 1.4400 | −0.134% | $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 | 1.4400 | −0.134% | $2K | $1K | 10x | as long as short |
| SunX GRAM-USDT | +0.0100% | 4h | 1.4427 | +0.053% | $6K | $561K | 10x | as long as short |
| HTX GRAM-USDT | +0.0100% | 4h | 1.4450 | +0.213% | $331K | $584K | 30x | as long as short |
| Phemex GRAMUSDTshort | +0.0100% | 4h | 1.4390 | −0.203% | $1.6M | $1.8M | 20x | |
| Paradex GRAM-USD-PERP | +0.0100% | 8h | 1.4403 | −0.113% | $2K | $19 | 5x | as long as short |
| Extended GRAM-USD | +0.0104% | 1h | 1.4396 | −0.161% | $168K | $123K | 5x | as long as short |
| Aster GRAMUSDT | +0.0198% | 4h | 1.4431 | +0.080% | $967K | $120K | 50x | as long as short |
| Lighter GRAMlong | +0.0248% | 1h | 1.4419 | long leg | $2.3M | $2.9M | 20x | |
| BloFin GRAM-USDT | +0.0340% | 4h | 1.4430 | +0.074% | $1.4M | $234K | 50x | as long as short |
| Hyperliquid GRAM | +0.0556% | 1h | 1.4418 | −0.009% | $35.5M | $7.5M | 5x | as long as short |
| Backpack GRAM_USDC_PERP | +0.0706% | 1h | 1.4408 | −0.078% | $53K | $16K | 10x | as long as short |
Orderly PERP_GRAM_USDC_mythos
SunX GRAM-USDT
HTX GRAM-USDT
Paradex GRAM-USD-PERP
Extended GRAM-USD
Aster GRAMUSDT
BloFin GRAM-USDT
Hyperliquid GRAM
Backpack GRAM_USDC_PERP