Funding you earn now, next payment 04:00 UTC−0.1972%/8h= −215.9% APRpaid last 24h −0.313%
Price spread now: Bybit against Lighter−0.367%7-day average −0.224% · you buy dearer than you sell
Net, funding: paid 7d − costs−$273as in the Funding arb table
Net, price: spread back to 7d avg − costs−$194as in the Price arb table
costs, in and out, $10k−$1791.794% of the position
Funding, last 7 days−0.936%−$94 on $10k
+Price spread, last 4 days (all we have)+0.191%+$19 · spread now −0.367%, 7d avg −0.224%
=Together, before fees−0.745%+ Points / potential airdropLighter: Season 3 · farm board−$75 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$59 a day on $10k at the current rate, and Bybit is 0.143% cheaper against Lighter than usual: you would sell low and buy high (−$14 if the spread goes back to its 7-day average of −0.224%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.936% in total (about -48.8% 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 | Lighter GRASS | 0.4274 | 0.2072 | pay 0.0259% / 1h | 4m 32s | $881K | $916K | 5x |
| Short | Bybit GRASSUSDT | 0.4259 | 0.0100 | get 0.0050% / 4h | 4m 32s | $23.9M | $17.2M | 25x |
Lighter GRASS
Bybit GRASSUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- −$414.12
- Price spread: −0.367% → −0.224%
- −$14.32
- Slippage, 4 orders
- −$168.42
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$607.85
- Costs to cover
- 1.794%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 51 min ago; Bybit: 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 Lighter live order book, 51 min ago | 67.43 bp | 67.6 bp −$68 | 79.7 bp −$797 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 4 min ago | 1.18 bp | 20.7 bp −$21 | 40.5 bp −$405 | 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 | −0.0110% | 1h | 0.4258 | −0.388% | $640 | — | 15x | as long as short |
| Injective GRASS/USDC PERP | +0.0033% | 1h | 0.4267 | −0.168% | $7 | $23K | 5.5x | as long as short |
| BloFin GRASS-USDT | +0.0083% | 4h | 0.4270 | −0.098% | $549K | $323K | 20x | as long as short |
| Binance GRASSUSDT | +0.0100% | 4h | 0.4265 | −0.215% | $10.1M | $30.4M | 75x | as long as short |
| Bybit GRASSUSDTshort | +0.0100% | 4h | 0.4259 | −0.367% | $23.9M | $17.2M | 25x | |
| OKX GRASS-USDT-SWAP | +0.0100% | 4h | 0.4256 | −0.426% | $3.4M | $16.6M | 20x | as long as short |
| Gate GRASS_USDT | +0.0100% | 4h | 0.4258 | −0.379% | $1.2M | $1.6M | 50x | as long as short |
| MEXC GRASS_USDT | +0.0100% | 4h | 0.4264 | −0.239% | $1.5M | $2.5M | 100x | as long as short |
| KuCoin GRASSUSDTM | +0.0100% | 4h | 0.4258 | −0.379% | $1.2M | $1.7M | 50x | as long as short |
| Bitget GRASSUSDT | +0.0100% | 4h | 0.4259 | −0.351% | $5.0M | $3.3M | 75x | as long as short |
Reya GRASSRUSDPERP
Injective GRASS/USDC PERP
BloFin GRASS-USDT
Binance GRASSUSDT
OKX GRASS-USDT-SWAP
Gate GRASS_USDT
MEXC GRASS_USDT
KuCoin GRASSUSDTM
Bitget GRASSUSDTShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX GRASS-USDT | +0.0100% | 4h | 0.4261 | −0.309% | — | $7.3M | — | as long as short |
| Variational Omni GRASS | +0.0100% | 4h | 0.4256 | −0.432% | $2.1M | $1.3M | — | as long as short |
| Extended GRASS-USD | +0.0104% | 1h | 0.4261 | −0.313% | $211K | $894K | 10x | as long as short |
| Hyperliquid GRASS | +0.0291% | 1h | 0.4264 | −0.234% | $16.2M | $4.1M | 3x | as long as short |
| Aster GRASSUSDT | +0.0419% | 4h | 0.4266 | −0.200% | $61K | $239K | 10x | as long as short |
| Kraken Futures PF_GRASSUSD | +0.0790% | 1h | 0.4263 | −0.272% | $154K | $135K | 20x | as long as short |
| Lighter GRASSlong | +0.2072% | 1h | 0.4274 | long leg | $881K | $916K | 5x |
BingX GRASS-USDT
Variational Omni GRASS
Extended GRASS-USD
Hyperliquid GRASS
Aster GRASSUSDT
Kraken Futures PF_GRASSUSD