Funding you earn now, next payment 01:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.019%
Price spread now: GRVT against Lighter−0.146%48s7-day average −0.073% · you buy dearer than you sell
Net, funding: paid 7d − costs−$37as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$520.518% of the position
Funding, last 7 days+0.149%+$15 on $10k
+Price spread, last 3 days (all we have)+0.278%+$28 · spread now −0.146%, 7d avg −0.073%
=Together, before fees+0.427%+ Points / potential airdropLighter: Season 3 · GRVT: Active · farm board+$43 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: GRVT is 0.072% cheaper against Lighter than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of −0.073%. The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter ICP | 3.0503 | 0.0096 | pay 0.0012% / 1h | 40m 45s | $175K | $479K | 5x |
| Short | GRVT ICP_USDT_Perp | 3.0459 | 0.0100 | get 0.0100% / 8h | 7h 40m | $589K | $471K | 10x |
Lighter ICP
GRVT ICP_USDT_PerpFunding history
latest
Range statsloading…
Price spread between the two exchanges
GRVT 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
- $0.84
- Price spread: −0.146% → −0.073%
- −$7.25
- Slippage, 4 orders
- −$42.78
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Net
- −$58.19
- Costs to cover
- 0.518%
- Break-even
- 491.9 days
Slippage from Lighter: live order book, 24 min ago; GRVT: live order book, 32 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, 24 min ago | 0.99 bp | 12.2 bp −$12 | 41.2 bp −$412 | doesn't fit | doesn't fit |
| Sell GRVT live order book, 32 min ago | 3.32 bp | 25.6 bp −$26 | 46.3 bp −$463 | doesn't fit | doesn't fit |
ICP on 27 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit ICP_USDC-PERPETUAL | −0.0472% | 1h | 3.0440 | −0.207% | $271 | $464 | 50x | as long as short |
| Phemex ICPUSDT | −0.0240% | 8h | 3.0430 | −0.239% | $1.8M | $767K | 50x | as long as short |
| Kraken Futures PF_ICPUSD | −0.0121% | 1h | 3.0487 | −0.053% | $557K | $601K | 50x | as long as short |
| Variational Omni ICP | −0.0086% | 8h | 3.0390 | −0.370% | $1.1M | $111K | — | as long as short |
| dYdX ICP-USD | 0.0000% | 1h | 3.0483 | −0.067% | $71K | $4K | 5x | as long as short |
| gTrade (Gains Network) ICP/USD | L +0.0006% / S −0.0010% | 1h | 3.0455 | −0.159% | $27K | — | 150x | as long as short |
| Injective ICP/USDC PERP | +0.0033% | 1h | 2.9665 | −2.747% | $202 | $200K | 12x | as long as short |
| Lighter ICPlong | +0.0096% | 1h | 3.0503 | long leg | $175K | $479K | 5x | |
| Aster ICPUSDT | +0.0100% | 8h | 3.0468 | −0.115% | $301K | $1.6M | 20x | as long as short |
| Pacifica ICP | +0.0100% | 1h | 3.0484 | −0.062% | $138K | $11K | 5x | as long as short |
Deribit ICP_USDC-PERPETUAL
Phemex ICPUSDT
Kraken Futures PF_ICPUSD
Variational Omni ICP
dYdX ICP-USD
gTrade (Gains Network) ICP/USD
Injective ICP/USDC PERP
Aster ICPUSDT
Pacifica ICPShow all 27 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance ICPUSDT | +0.0100% | 8h | 3.0477 | −0.085% | $30.4M | $52.6M | 75x | as long as short |
| Bybit ICPUSDT | +0.0100% | 8h | 3.0480 | −0.075% | $18.1M | $18.7M | 75x | as long as short |
| OKX ICP-USDT-SWAP | +0.0100% | 8h | 3.0500 | −0.010% | $6.2M | $17.0M | 50x | as long as short |
| Gate ICP_USDT | +0.0100% | 8h | 3.0460 | −0.141% | $2.0M | $3.0M | 50x | as long as short |
| MEXC ICP_USDT | +0.0100% | 8h | 3.0480 | −0.075% | $19.4M | $9.5M | 50x | as long as short |
| KuCoin ICPUSDTM | +0.0100% | 8h | 3.0430 | −0.239% | $5.2M | $13.3M | 50x | as long as short |
| Bitget ICPUSDT | +0.0100% | 8h | 3.0510 | +0.023% | $7.2M | $4.8M | 50x | as long as short |
| BingX ICP-USDT | +0.0100% | 8h | 3.0490 | −0.043% | — | $5.2M | — | as long as short |
| edgeX ICPUSDC | +0.0100% | 4h | 3.0432 | −0.234% | $24K | $278K | 10x | as long as short |
| GRVT ICP_USDT_Perpshort | +0.0100% | 8h | 3.0459 | −0.146% | $589K | $471K | 10x | |
| SunX ICP-USDT | +0.0100% | 8h | 3.0420 | −0.272% | $1K | $1.8M | 20x | as long as short |
| HTX ICP-USDT | +0.0100% | 8h | 3.0420 | −0.272% | $106K | $239K | 20x | as long as short |
| Extended ICP-USD | +0.0104% | 1h | 3.0433 | −0.231% | $22K | $118K | 10x | as long as short |
| Hyperliquid ICP | +0.0179% | 1h | 3.0495 | −0.026% | $4.8M | $5.0M | 5x | as long as short |
| BloFin ICP-USDT | +0.0220% | 8h | 3.0410 | −0.305% | $1.3M | $2.4M | 75x | as long as short |
| Coinbase International ICP-PERP-INTX | +0.0280% | 1h | 3.0470 | −0.108% | $63K | $87K | 50x | as long as short |
| GMX ICP/USD [WBTC.b-USDC] | L +0.0510% / S −0.0480% | 1h | 3.0454 | −0.161% | $38K | — | 100x | as long as short |
Binance ICPUSDT
Bybit ICPUSDT
OKX ICP-USDT-SWAP
Gate ICP_USDT
MEXC ICP_USDT
KuCoin ICPUSDTM
Bitget ICPUSDT
BingX ICP-USDT
edgeX ICPUSDC
SunX ICP-USDT
HTX ICP-USDT
Extended ICP-USD
Hyperliquid ICP
BloFin ICP-USDT
Coinbase International ICP-PERP-INTX
GMX ICP/USD [WBTC.b-USDC]