Funding you earn now, next payment 00:00 UTC−0.1804%/8h= −197.5% APRpaid last 24h −0.224%
Price spread now: OKX against Lighter−0.418%7-day average −0.087% · you buy dearer than you sell
Net, funding: paid 7d − costs−$307as in the Funding arb table
Net, price: spread back to 7d avg − costs−$265as in the Price arb table
costs, in and out, $10k−$2322.322% of the position
Funding, last 7 days−0.747%−$75 on $10k
+Price spread, last 4 days (all we have)+0.411%+$41 · spread now −0.418%, 7d avg −0.087%
=Together, before fees−0.336%+ Points / potential airdropLighter: Season 3 · farm board−$34 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 OKX is 0.331% cheaper against Lighter than usual: you would sell low and buy high (−$33 if the spread goes back to its 7-day average of −0.087%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.747% in total (about -39.0% 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 | 0.4355 | 0.1904 | pay 0.0238% / 1h | 53m 07s | $850K | $763K | 5x |
| Short | OKX GRASS-USDT-SWAP | 0.4337 | 0.0100 | get 0.0050% / 4h | 53m 07s | $3.2M | $11.8M | 20x |
Lighter GRASS
OKX GRASS-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- −$378.84
- Price spread: −0.418% → −0.087%
- −$33.14
- Slippage, 4 orders
- −$222.17
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$644.15
- Costs to cover
- 2.322%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 22 min ago; OKX: live order book, 5 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, 22 min ago | 91.65 bp | 93.3 bp −$93 | doesn't fit | doesn't fit | doesn't fit |
| Sell OKX live order book, 5 min ago | 3.52 bp | 18.2 bp −$18 | 65.9 bp −$659 | 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 | −0.0113% | 1h | 0.4338 | −0.402% | $652 | — | 15x | as long as short |
| Injective GRASS/USDC PERP | +0.0033% | 1h | 0.4267 | −2.025% | $7 | $23K | 5.5x | as long as short |
| Hyperliquid GRASS | +0.0100% | 1h | 0.4341 | −0.317% | $16.1M | $3.5M | 3x | as long as short |
| Bybit GRASSUSDT | +0.0100% | 4h | 0.4331 | −0.556% | $24.4M | $13.5M | 25x | as long as short |
| OKX GRASS-USDT-SWAPshort | +0.0100% | 4h | 0.4337 | −0.418% | $3.2M | $11.8M | 20x | |
| Gate GRASS_USDT | +0.0100% | 4h | 0.4332 | −0.533% | $1.2M | $1.5M | 50x | as long as short |
| Bitget GRASSUSDT | +0.0100% | 4h | 0.4332 | −0.535% | $5.0M | $2.7M | 75x | as long as short |
| Variational Omni GRASS | +0.0100% | 4h | 0.4301 | −1.235% | $2.1M | $1.2M | — | as long as short |
| BloFin GRASS-USDT | +0.0135% | 4h | 0.4335 | −0.464% | $557K | $290K | 20x | as long as short |
| Binance GRASSUSDT | +0.0173% | 4h | 0.4334 | −0.487% | $10.3M | $23.0M | 75x | as long as short |
Reya GRASSRUSDPERP
Injective GRASS/USDC PERP
Hyperliquid GRASS
Bybit GRASSUSDT
Gate GRASS_USDT
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 | |
|---|---|---|---|---|---|---|---|---|
| Extended GRASS-USD | +0.0176% | 1h | 0.4336 | −0.437% | $213K | $823K | 10x | as long as short |
| MEXC GRASS_USDT | +0.0178% | 4h | 0.4338 | −0.395% | $1.3M | $1.9M | 100x | as long as short |
| BingX GRASS-USDT | +0.0208% | 4h | 0.4337 | −0.418% | — | $7.2M | — | as long as short |
| KuCoin GRASSUSDTM | +0.0216% | 4h | 0.4337 | −0.418% | $1.4M | $1.3M | 50x | as long as short |
| Aster GRASSUSDT | +0.0998% | 4h | 0.4336 | −0.441% | $76K | $193K | 10x | as long as short |
| Kraken Futures PF_GRASSUSD | +0.1345% | 1h | 0.4339 | −0.382% | $153K | $112K | 20x | as long as short |
| Lighter GRASSlong | +0.1904% | 1h | 0.4355 | long leg | $850K | $763K | 5x |
Extended GRASS-USD
MEXC GRASS_USDT
BingX GRASS-USDT
KuCoin GRASSUSDTM
Aster GRASSUSDT
Kraken Futures PF_GRASSUSD