Funding you earn now, next payment 23:00 UTC+0.0556%/8h= +60.9% APRpaid last 24h +0.103%
Price spread now: Lighter against Phemex+0.227%7-day average +0.147% · you sell dearer than you buy
Net, funding: paid 7d − costs−$126as in the Funding arb table
Net, price: spread back to 7d avg − costs−$151as in the Price arb table
costs, in and out, $10k−$1591.586% of the position
Funding, last 7 days+0.322%+$32 on $10k
+Price spread, last 3 days (all we have)−0.115%−$11 · spread now +0.227%, 7d avg +0.147%
=Together, before fees+0.207%+ Points / potential airdropLighter: Season 3 · farm board+$21 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$17 a day on $10k at the current rate, and Lighter is 0.080% dearer against Phemex than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of +0.147%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.322% in total (about 16.8% 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 | Phemex GRAMUSDT | 1.4470 | 0.0100 | pay 0.0050% / 4h | 1h 33m | $1.6M | $1.7M | 20x |
| Short | Lighter GRAM | 1.4503 | 0.0656 | get 0.0082% / 1h | 33m 13s | $2.7M | $2.3M | 20x |
Phemex GRAMUSDT
Lighter GRAMFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Phemex. 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
- $116.76
- Price spread: +0.227% → +0.147%
- $7.98
- Slippage, 4 orders
- −$146.59
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$33.85
- Costs to cover
- 1.586%
- Break-even
- 9.0 days
Slippage from Phemex: live order book, 5 min ago; Lighter: live order book, 4 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 Phemex live order book, 5 min ago | 10.34 bp | 80.8 bp −$81 | doesn't fit | doesn't fit | doesn't fit |
| Sell Lighter live order book, 4 min ago | 1.20 bp | 8.0 bp −$8 | 19.3 bp −$193 | 167.5 bp −$16.8K | 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 | −0.0387% | 1h | 1.4490 | +0.138% | $4K | $143K | 12x | as long as short |
| Paradex GRAM-USD-PERP | +0.0099% | 8h | 1.4479 | +0.063% | $2K | $30 | 5x | as long as short |
| Binance GRAMUSDT | +0.0100% | 4h | 1.4472 | +0.016% | $20.5M | $26.7M | 50x | as long as short |
| Bybit GRAMUSDT | +0.0100% | 4h | 1.4470 | 0.000% | $30.6M | $14.0M | 50x | as long as short |
| OKX GRAM-USDT-SWAP | +0.0100% | 4h | 1.4470 | 0.000% | $8.6M | $8.4M | 50x | as long as short |
| Gate GRAM_USDT | +0.0100% | 4h | 1.4476 | +0.041% | $3.7M | $3.2M | 75x | as long as short |
| MEXC GRAM_USDT | +0.0100% | 4h | 1.4480 | +0.069% | $15.4M | $2.8M | 20x | as long as short |
| KuCoin GRAMUSDTM | +0.0100% | 4h | 1.4481 | +0.076% | $8.6M | $10.9M | 50x | as long as short |
| Bitget GRAMUSDT | +0.0100% | 4h | 1.4474 | +0.028% | $7.1M | $3.8M | 50x | as long as short |
| Backpack GRAM_USDC_PERP | +0.0100% | 1h | 1.4482 | +0.083% | $45K | $13K | 10x | as long as short |
Injective GRAM/USDC PERP
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 | 1.4487 | +0.118% | $17K | $271K | 10x | as long as short |
| ApeX Omni GRAMUSDT | +0.0100% | 1h | 1.4500 | +0.207% | $13K | $588K | 50x | as long as short |
| Orderly PERP_GRAM_USDC_mythos | +0.0100% | 4h | 1.4470 | 0.000% | $2K | $1K | 10x | as long as short |
| SunX GRAM-USDT | +0.0100% | 4h | 1.4496 | +0.180% | $7K | $590K | 10x | as long as short |
| Phemex GRAMUSDTlong | +0.0100% | 4h | 1.4470 | long leg | $1.6M | $1.7M | 20x | |
| Extended GRAM-USD | +0.0104% | 1h | 1.4473 | +0.018% | $169K | $123K | 5x | as long as short |
| Aster GRAMUSDT | +0.0224% | 4h | 1.4495 | +0.171% | $964K | $98K | 50x | as long as short |
| Hyperliquid GRAM | +0.0279% | 1h | 1.4499 | +0.200% | $35.8M | $6.9M | 5x | as long as short |
| BloFin GRAM-USDT | +0.0340% | 4h | 1.4460 | −0.069% | $1.4M | $210K | 50x | as long as short |
| HTX GRAM-USDT | +0.0535% | 4h | 1.4501 | +0.214% | $337K | $621K | 30x | as long as short |
| Lighter GRAMshort | +0.0656% | 1h | 1.4503 | +0.227% | $2.7M | $2.3M | 20x |
edgeX GRAMUSDC
ApeX Omni GRAMUSDT
Orderly PERP_GRAM_USDC_mythos
SunX GRAM-USDT
Extended GRAM-USD
Aster GRAMUSDT
Hyperliquid GRAM
BloFin GRAM-USDT
HTX GRAM-USDT