Funding you earn now, next payment 22:00 UTC−0.1064%/8h= −116.5% APRnext payment −$1.33 per $10,000 · paid last 24h −0.177%
Price spread now: Extended against Lighter−0.727%7-day average −0.161% · you buy dearer than you sell
Net, funding: paid 7d − costs−$253as in the Funding arb table
Net, price: spread back to 7d avg − costs−$242as in the Price arb table
costs, in and out, $10k−$1861.858% of the position
Funding, last 7 days−0.673%−$67 on $10k
+Price spread, last 4 days (all we have)+0.580%+$58 · spread now −0.727%, 7d avg −0.161%
=Together, before fees−0.093%+ Points / potential airdropLighter: Season 3 · Extended: Active · farm board−$9 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$32 a day on $10k at the current rate, and Extended is 0.567% cheaper against Lighter than usual: you would sell low and buy high (−$57 if the spread goes back to its 7-day average of −0.161%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.673% in total (about -35.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.33 per $10,000. 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 | 0.4404 | 0.1376 | pay 0.0172% / 1h | 49m 17s | $696K | $505K | 5x |
| Short | Extended GRASS-USD | 0.4372 | 0.0312 | get 0.0039% / 1h | 49m 17s | $215K | $817K | 10x |
Lighter GRASS
Extended GRASS-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended 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
- −$223.44
- Price spread: −0.727% → −0.161%
- −$56.68
- Slippage, 4 orders
- −$180.81
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$465.94
- Costs to cover
- 1.858%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 35 min ago; Extended: live order book, 38 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, 35 min ago | 57.16 bp | 98.5 bp −$99 | 797.8 bp −$7,978 | doesn't fit | doesn't fit |
| Sell Extended live order book, 38 min ago | 3.60 bp | 14.4 bp −$14 | 106.6 bp −$1,066 | 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 | −0.0115% | 1h | 0.4366 | −0.866% | $656 | — | 15x | as long as short |
| Bybit GRASSUSDT | +0.0100% | 4h | 0.4363 | −0.920% | $24.0M | $8.9M | 25x | as long as short |
| OKX GRASS-USDT-SWAP | +0.0100% | 4h | 0.4373 | −0.699% | $3.1M | $5.5M | 20x | as long as short |
| Gate GRASS_USDT | +0.0100% | 4h | 0.4363 | −0.926% | $1.2M | $923K | 50x | as long as short |
| KuCoin GRASSUSDTM | +0.0100% | 4h | 0.4367 | −0.836% | $1.5M | $859K | 50x | as long as short |
| Bitget GRASSUSDT | +0.0100% | 4h | 0.4366 | −0.856% | $5.0M | $1.8M | 75x | as long as short |
| Variational Omni GRASS | +0.0100% | 4h | 0.4352 | −1.176% | $1.4M | $325K | — | as long as short |
| BloFin GRASS-USDT | +0.0284% | 4h | 0.4376 | −0.631% | $560K | $250K | 20x | as long as short |
| Extended GRASS-USDshort | +0.0312% | 1h | 0.4372 | −0.727% | $215K | $817K | 10x | |
| Binance GRASSUSDT | +0.0312% | 4h | 0.4372 | −0.729% | $10.5M | $11.9M | 75x | as long as short |
Reya GRASSRUSDPERP
Bybit GRASSUSDT
OKX GRASS-USDT-SWAP
Gate GRASS_USDT
KuCoin GRASSUSDTM
Bitget GRASSUSDT
Variational Omni GRASS
BloFin GRASS-USDT
Binance GRASSUSDTShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC GRASS_USDT | +0.0316% | 4h | 0.4367 | −0.836% | $1.4M | $898K | 100x | as long as short |
| BingX GRASS-USDT | +0.0328% | 4h | 0.4365 | −0.881% | — | $7.0M | — | as long as short |
| Hyperliquid GRASS | +0.0371% | 1h | 0.4377 | −0.604% | $16.2M | $2.2M | 3x | as long as short |
| Lighter GRASSlong | +0.1376% | 1h | 0.4404 | long leg | $696K | $505K | 5x | |
| Aster GRASSUSDT | +0.1503% | 4h | 0.4369 | −0.792% | $63K | $109K | 10x | as long as short |
| Kraken Futures PF_GRASSUSD | +0.1535% | 1h | 0.4388 | −0.369% | $165K | $58K | 20x | as long as short |
| Injective GRASS/USDC PERP | +0.5000% | 1h | 0.4267 | −3.106% | $7 | $23K | 5.5x | as long as short |
MEXC GRASS_USDT
BingX GRASS-USDT
Hyperliquid GRASS
Aster GRASSUSDT
Kraken Futures PF_GRASSUSD
Injective GRASS/USDC PERP