Funding you earn now, next payment 22:00 UTC−0.0666%/8h= −72.9% APRpaid last 24h −0.048%
Price spread now: GRVT against Lighter RH−0.466%79s7-day average −0.207% · you buy dearer than you sell
Net, funding: paid 7d − costs−$119as 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−$480.482% of the position
Funding, last 7 days−0.705%−$71 on $10k
+Price spread, last 7 days+0.402%+$40 · spread now −0.466%, 7d avg −0.207%
=Together, before fees−0.303%+ Points / potential airdropLighter RH: Points live · GRVT: Active · farm board−$30 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$20 a day on $10k at the current rate, and GRVT is 0.260% cheaper against Lighter RH than usual: you would sell low and buy high (−$26 if the spread goes back to its 7-day average of −0.207%). Swap the legs. The two prices were read 79 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 RH LIT | 4.7314 | 0.0408 | pay 0.0051% / 1h | 1m 58s | $3.7M | $14.3M | 5x |
| Short | GRVT LIT_USDT_Perp | 4.7093 | −0.0258 | pay 0.0129% / 4h | 2h 01m | $894K | $1.9M | 10x |
Lighter RH LIT
GRVT LIT_USDT_PerpFunding history
latest
Range statsloading…
Price spread between the two exchanges
GRVT against Lighter RH. 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
- −$139.86
- Price spread: −0.466% → −0.207%
- −$25.97
- Slippage, 4 orders
- −$39.22
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Net
- −$214.05
- Costs to cover
- 0.482%
- Break-even
- never at this rate
Slippage from Lighter RH: live order book, 2 min ago; GRVT: live order book, 1 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 RH live order book, 2 min ago | 1.38 bp | 1.4 bp −$1 | 13.1 bp −$131 | doesn't fit | doesn't fit |
| Sell GRVT live order book, 1 min ago | 1.06 bp | 15.6 bp −$16 | 32.5 bp −$325 | doesn't fit | doesn't fit |
LIT on 42 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 LIT_USDC-PERPETUAL | −0.1033% | 1h | 4.7260 | −0.113% | $41K | $40K | 10x | as long as short |
| Gate LIT_USDT | −0.0782% | 4h | 4.7220 | −0.199% | $2.8M | $4.6M | 50x | as long as short |
| Orderly PERP_LIT_USDC | −0.0625% | 4h | 4.7186 | −0.271% | $32K | $2K | 10x | as long as short |
| 01 Exchange LITUSD | −0.0600% | 1h | 4.7091 | −0.471% | $33K | $4K | 5x | as long as short |
| Phemex LITUSDT | −0.0600% | 4h | 4.7210 | −0.220% | $1.3M | $2.8M | 20x | as long as short |
| OKX LIT-USDT-SWAP | −0.0380% | 4h | 4.7170 | −0.304% | $25.1M | $62.1M | 50x | as long as short |
| Bullet LIT-USD | −0.0361% | 1h | 4.7223 | −0.192% | $85K | $81K | 20x | as long as short |
| Bybit LITUSDT | −0.0317% | 4h | 4.7237 | −0.163% | $42.7M | $30.8M | 75x | as long as short |
| KuCoin LITUSDTM | −0.0308% | 4h | 4.7263 | −0.108% | $5.2M | $1.1M | 30x | as long as short |
| Backpack LIT_USDC_PERP | −0.0305% | 1h | 4.7253 | −0.129% | $664K | $1.5M | 5x | as long as short |
Deribit LIT_USDC-PERPETUAL
Gate LIT_USDT
Orderly PERP_LIT_USDC
01 Exchange LITUSD
Phemex LITUSDT
OKX LIT-USDT-SWAP
Bullet LIT-USD
Bybit LITUSDT
KuCoin LITUSDTM
Backpack LIT_USDC_PERPShow all 42 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT LIT_USDT_Perpshort | −0.0258% | 4h | 4.7093 | −0.466% | $894K | $1.9M | 10x | |
| Aftermath Perps LITUSD | −0.0202% | 1h | 4.7257 | −0.121% | $10K | $202K | 10x | as long as short |
| Coinbase International LIT-PERP-INTX | −0.0152% | 1h | 4.7721 | +0.861% | $660K | $404K | 50x | as long as short |
| Phoenix LIT | −0.0050% | 1h | 4.7150 | −0.347% | $245K | $321K | 5x | as long as short |
| SoDEX LIT-USD | −0.0049% | 1h | 4.7245 | −0.146% | $1K | $487K | 5x | as long as short |
| Paradex LIT-USD-PERP | −0.0031% | 8h | 4.7137 | −0.374% | $6K | $2K | 5x | as long as short |
| Nado LIT-PERP | −0.0002% | 1h | 4.7146 | −0.356% | $2.1M | $1.7M | 10x | as long as short |
| dYdX LIT-USD | 0.0000% | 1h | 4.7187 | −0.268% | $34K | — | 5x | as long as short |
| gTrade (Gains Network) LIT/USD | L +0.0003% / S −0.0003% | 1h | 4.7288 | −0.055% | $35K | — | 150x | as long as short |
| RISEx LIT/USDC | +0.0009% | 1h | 4.7194 | −0.254% | $756K | $2.1M | 5x | as long as short |
| Polymarket Perps LIT-USD | +0.0021% | 1h | 4.7170 | −0.304% | $445K | $105K | 10x | as long as short |
| MEXC LIT_USDT | +0.0026% | 4h | 4.7194 | −0.254% | $5.8M | $4.3M | 100x | as long as short |
| Binance LITUSDT | +0.0028% | 4h | 4.7203 | −0.235% | $74.8M | $81.7M | 75x | as long as short |
| edgeX LITUSDC | +0.0032% | 4h | 4.7110 | −0.431% | $287K | $311K | 10x | as long as short |
| Injective LIT/USDC PERP | +0.0033% | 1h | 4.8040 | +1.534% | $422 | $178K | 5.5x | as long as short |
| Aevo LIT-PERP | +0.0048% | 1h | 4.7195 | −0.252% | $148K | $44K | 3x | as long as short |
| Lighter LIT | +0.0096% | 1h | 4.7313 | −0.002% | $59.4M | $30.4M | 5x | as long as short |
| Hyperliquid LIT | +0.0100% | 1h | 4.7297 | −0.036% | $210.8M | $45.5M | 5x | as long as short |
| Aster LITUSDT | +0.0100% | 4h | 4.7255 | −0.125% | $12.6M | $2.5M | 50x | as long as short |
| Pacifica LIT | +0.0100% | 1h | 4.7180 | −0.283% | $582K | $1.8M | 10x | as long as short |
| Arcus LIT-USD | +0.0100% | 1h | 4.7161 | −0.323% | $116K | $449K | 5x | as long as short |
| Bulk LIT-USD | +0.0100% | 1h | 4.7374 | +0.126% | $119K | $6K | 10x | as long as short |
| Bitget LITUSDT | +0.0100% | 4h | 4.7240 | −0.156% | $6.7M | $2.7M | 20x | as long as short |
| ApeX Omni LITUSDT | +0.0100% | 1h | 4.7130 | −0.389% | $55K | $78K | 50x | as long as short |
| Derive LIT-PERP | +0.0100% | 1h | 4.7298 | −0.034% | $2K | $1K | 6.7x | as long as short |
| SunX LIT-USDT | +0.0100% | 4h | 4.7179 | −0.285% | $4K | $1.2M | 20x | as long as short |
| HTX LIT-USDT | +0.0100% | 4h | 4.7270 | −0.093% | $189K | $330K | 30x | as long as short |
| Extended LIT-USD | +0.0104% | 1h | 4.7206 | −0.228% | $5.2M | $5.2M | 25x | as long as short |
| BloFin LIT-USDT | +0.0111% | 4h | 4.7170 | −0.304% | $1.5M | $2.1M | 75x | as long as short |
| Perpl LIT | +0.0112% | 43m | 4.7228 | −0.181% | $31K | $843K | 33x | as long as short |
| GMX LIT/USD [ETH-USDC] | L +0.0357% / S −0.0155% | 1h | 4.7287 | −0.056% | $59K | — | 50x | as long as short |
| Lighter RH LITlong | +0.0408% | 1h | 4.7314 | long leg | $3.7M | $14.3M | 5x |
Aftermath Perps LITUSD
Coinbase International LIT-PERP-INTX
Phoenix LIT
SoDEX LIT-USD
Paradex LIT-USD-PERP
Nado LIT-PERP
dYdX LIT-USD
gTrade (Gains Network) LIT/USD
RISEx LIT/USDC
Polymarket Perps LIT-USD
MEXC LIT_USDT
Binance LITUSDT
edgeX LITUSDC
Injective LIT/USDC PERP
Aevo LIT-PERP
Lighter LIT
Hyperliquid LIT
Aster LITUSDT
Pacifica LIT
Arcus LIT-USD
Bulk LIT-USD
Bitget LITUSDT
ApeX Omni LITUSDT
Derive LIT-PERP
SunX LIT-USDT
HTX LIT-USDT
Extended LIT-USD
BloFin LIT-USDT
Perpl LIT
GMX LIT/USD [ETH-USDC]