Funding you earn now, next payment 01:00 UTC−0.1812%/8h= −198.4% APRpaid last 24h −0.251%
Price spread now: Binance against Lighter−0.541%7-day average −0.048% · you buy dearer than you sell
Net, funding: paid 7d − costs−$280as in the Funding arb table
Net, price: spread back to 7d avg − costs−$252as in the Price arb table
costs, in and out, $10k−$2022.024% of the position
Funding, last 7 days−0.771%−$77 on $10k
+Price spread, last 4 days (all we have)+0.457%+$46 · spread now −0.541%, 7d avg −0.048%
=Together, before fees−0.314%+ Points / potential airdropLighter: Season 3 · farm board−$31 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$54 a day on $10k at the current rate, and Binance is 0.493% cheaper against Lighter than usual: you would sell low and buy high (−$49 if the spread goes back to its 7-day average of −0.048%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.771% in total (about -40.2% 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 | Lighter GRASS | 0.4149 | 0.1912 | pay 0.0239% / 1h | 42m 12s | $810K | $780K | 5x |
| Short | Binance GRASSUSDT | 0.4127 | 0.0100 | get 0.0050% / 4h | 3h 42m | $9.7M | $26.5M | 75x |
Lighter GRASS
Binance GRASSUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance 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
- −$380.52
- Price spread: −0.541% → −0.048%
- −$49.27
- Slippage, 4 orders
- −$192.44
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$632.22
- Costs to cover
- 2.024%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 28 min ago; Binance: live order book, 14 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, 28 min ago | 72.16 bp | 87.2 bp −$87 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 14 min ago | 2.42 bp | 22.4 bp −$22 | 37.5 bp −$375 | 298.3 bp −$29.8K | 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 | −0.0112% | 1h | 0.4119 | −0.724% | $619 | — | 15x | as long as short |
| Injective GRASS/USDC PERP | +0.0033% | 1h | 0.4267 | +2.839% | $7 | $23K | 5.5x | as long as short |
| Binance GRASSUSDTshort | +0.0100% | 4h | 0.4127 | −0.541% | $9.7M | $26.5M | 75x | |
| Bybit GRASSUSDT | +0.0100% | 4h | 0.4138 | −0.270% | $23.5M | $15.3M | 25x | as long as short |
| OKX GRASS-USDT-SWAP | +0.0100% | 4h | 0.4140 | −0.222% | $3.0M | $13.3M | 20x | as long as short |
| Gate GRASS_USDT | +0.0100% | 4h | 0.4124 | −0.607% | $1.1M | $1.5M | 50x | as long as short |
| MEXC GRASS_USDT | +0.0100% | 4h | 0.4135 | −0.342% | $1.2M | $2.2M | 100x | as long as short |
| Bitget GRASSUSDT | +0.0100% | 4h | 0.4137 | −0.306% | $4.8M | $3.0M | 75x | as long as short |
| BingX GRASS-USDT | +0.0100% | 4h | 0.4137 | −0.294% | — | $7.3M | — | as long as short |
| Variational Omni GRASS | +0.0100% | 4h | 0.4185 | +0.859% | $2.0M | $1.2M | — | as long as short |
Reya GRASSRUSDPERP
Injective GRASS/USDC PERP
Bybit GRASSUSDT
OKX GRASS-USDT-SWAP
Gate GRASS_USDT
MEXC GRASS_USDT
Bitget GRASSUSDT
BingX GRASS-USDT
Variational Omni GRASSShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended GRASS-USD | +0.0104% | 1h | 0.4129 | −0.483% | $207K | $1.0M | 10x | as long as short |
| KuCoin GRASSUSDTM | +0.0108% | 4h | 0.4128 | −0.511% | $1.3M | $1.4M | 50x | as long as short |
| BloFin GRASS-USDT | +0.0147% | 4h | 0.4147 | −0.053% | $522K | $298K | 20x | as long as short |
| Kraken Futures PF_GRASSUSD | +0.0283% | 1h | 0.4131 | −0.437% | $147K | $127K | 20x | as long as short |
| Hyperliquid GRASS | +0.0527% | 1h | 0.4143 | −0.154% | $15.4M | $3.7M | 3x | as long as short |
| Aster GRASSUSDT | +0.0543% | 4h | 0.4124 | −0.609% | $65K | $214K | 10x | as long as short |
| Lighter GRASSlong | +0.1912% | 1h | 0.4149 | long leg | $810K | $780K | 5x |
Extended GRASS-USD
KuCoin GRASSUSDTM
BloFin GRASS-USDT
Kraken Futures PF_GRASSUSD
Hyperliquid GRASS
Aster GRASSUSDT