Funding you earn now, next payment 03:00 UTC+0.1844%/8h= +201.9% APRpaid last 24h +0.283%
Price spread now: Lighter against Bybit+0.505%7-day average +0.218% · you sell dearer than you buy
Net, funding: paid 7d − costs−$120as in the Funding arb table
Net, price: spread back to 7d avg − costs−$182as in the Price arb table
costs, in and out, $10k−$2112.108% of the position
Funding, last 7 days+0.904%+$90 on $10k
+Price spread, last 4 days (all we have)−0.326%−$33 · spread now +0.505%, 7d avg +0.218%
=Together, before fees+0.578%+ Points / potential airdropLighter: Season 3 · farm board+$58 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$55 a day on $10k at the current rate, and Lighter is 0.287% dearer against Bybit than usual: you sell high and buy low: +$29 more if the spread goes back to its 7-day average of +0.218%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.904% in total (about 47.1% 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 | Bybit GRASSUSDT | 0.4257 | 0.0100 | pay 0.0050% / 4h | 1h 15m | $23.8M | $16.8M | 25x |
| Short | Lighter GRASS | 0.4279 | 0.1944 | get 0.0243% / 1h | 15m 19s | $837K | $789K | 5x |
Bybit GRASSUSDT
Lighter GRASSFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Bybit. 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
- $387.24
- Price spread: +0.505% → +0.218%
- $28.7
- Slippage, 4 orders
- −$199.84
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $205.1
- Costs to cover
- 2.108%
- Break-even
- 3.3 days
Slippage from Bybit: live order book, 3 min ago; Lighter: live order book, 45 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 Bybit live order book, 3 min ago | 3.53 bp | 19.0 bp −$19 | 32.3 bp −$323 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 45 min ago | 43.13 bp | 51.4 bp −$51 | 150.6 bp −$1,506 | doesn't fit | doesn't fit |
GRASS on 17 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 | |
|---|---|---|---|---|---|---|---|---|
| Reya GRASSRUSDPERP | −0.0111% | 1h | 0.4259 | +0.037% | $640 | — | 15x | as long as short |
| Kraken Futures PF_GRASSUSD | +0.0004% | 1h | 0.4260 | +0.075% | $152K | $130K | 20x | as long as short |
| Injective GRASS/USDC PERP | +0.0033% | 1h | 0.4267 | +0.228% | $7 | $23K | 5.5x | as long as short |
| BloFin GRASS-USDT | +0.0071% | 4h | 0.4267 | +0.228% | $422K | $308K | 20x | as long as short |
| Binance GRASSUSDT | +0.0100% | 4h | 0.4261 | +0.091% | $10.2M | $29.4M | 75x | as long as short |
| Bybit GRASSUSDTlong | +0.0100% | 4h | 0.4257 | long leg | $23.8M | $16.8M | 25x | |
| OKX GRASS-USDT-SWAP | +0.0100% | 4h | 0.4260 | +0.063% | $3.2M | $15.8M | 20x | as long as short |
| Gate GRASS_USDT | +0.0100% | 4h | 0.4257 | −0.007% | $1.2M | $1.6M | 50x | as long as short |
| MEXC GRASS_USDT | +0.0100% | 4h | 0.4261 | +0.087% | $1.2M | $2.4M | 100x | as long as short |
| KuCoin GRASSUSDTM | +0.0100% | 4h | 0.4259 | +0.040% | $1.3M | $1.7M | 50x | as long as short |
Reya GRASSRUSDPERP
Kraken Futures PF_GRASSUSD
Injective GRASS/USDC PERP
BloFin GRASS-USDT
Binance GRASSUSDT
OKX GRASS-USDT-SWAP
Gate GRASS_USDT
MEXC GRASS_USDT
KuCoin GRASSUSDTMShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget GRASSUSDT | +0.0100% | 4h | 0.4257 | −0.007% | $4.9M | $3.2M | 75x | as long as short |
| BingX GRASS-USDT | +0.0100% | 4h | 0.4258 | +0.016% | — | $7.3M | — | as long as short |
| Variational Omni GRASS | +0.0100% | 4h | 0.4258 | +0.009% | $2.1M | $1.2M | — | as long as short |
| Extended GRASS-USD | +0.0104% | 1h | 0.4258 | +0.025% | $211K | $904K | 10x | as long as short |
| Aster GRASSUSDT | +0.0570% | 4h | 0.4262 | +0.118% | $66K | $226K | 10x | as long as short |
| Hyperliquid GRASS | +0.0893% | 1h | 0.4267 | +0.223% | $16.1M | $3.9M | 3x | as long as short |
| Lighter GRASSshort | +0.1944% | 1h | 0.4279 | +0.505% | $837K | $789K | 5x |
Bitget GRASSUSDT
BingX GRASS-USDT
Variational Omni GRASS
Extended GRASS-USD
Aster GRASSUSDT
Hyperliquid GRASS