Funding you earn now, next payment 23:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.019%
Price spread now: Lighter against GRVT+0.226%7-day average +0.021% · you sell dearer than you buy
Net, funding: paid 7d − costs−$84as in the Funding arb table
Net, price: spread back to 7d avg − costs−$64as in the Price arb table
costs, in and out, $10k−$840.841% of the position
Funding, last 7 days−0.001%$0 on $10k
+Price spread, last 4 days (all we have)−0.544%−$54 · spread now +0.226%, 7d avg +0.021%
=Together, before fees−0.545%+ Points / potential airdropGRVT: Active · Lighter: Season 3 · farm board−$54 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: Lighter is 0.205% dearer against GRVT than usual: you sell high and buy low, +$21 on $10k if it goes back to its 7-day average of +0.021%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GRVT OP_USDT_Perp | 0.1279 | 0.0100 | pay 0.0100% / 8h | 1h 11m | $320K | $5.1M | 10x |
| Short | Lighter OP | 0.1282 | 0.0096 | get 0.0012% / 1h | 11m 17s | $290K | $922K | 15x |
GRVT OP_USDT_Perp
Lighter OPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against GRVT. 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: +0.226% → +0.021%
- $20.55
- Slippage, 4 orders
- −$75.11
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$64.4
- Costs to cover
- 0.841%
- Break-even
- never at this rate
Slippage from GRVT: live order book, 3 min ago; Lighter: 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 GRVT live order book, 3 min ago | 3.91 bp | 25.8 bp −$26 | 86.9 bp −$869 | 17637.0 bp −$1.76M | doesn't fit |
| Sell Lighter live order book, 4 min ago | 3.90 bp | 18.3 bp −$18 | 54.7 bp −$547 | doesn't fit | doesn't fit |
OP on 30 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective OP/USDC PERP | −0.1710% | 1h | 0.1274 | −0.423% | $35K | $58K | 12x | as long as short |
| GMX OP/USD [OP-USDC] | L −0.1065% / S +0.0229% | 1h | 0.1281 | +0.143% | $13K | — | 100x | as long as short |
| Coinbase International OP-PERP-INTX | −0.0360% | 1h | 0.1280 | +0.046% | $21K | $65K | 50x | as long as short |
| dYdX OP-USD | 0.0000% | 1h | 0.1281 | +0.106% | $40K | $519 | 10x | as long as short |
| Deribit OP_USDC-PERPETUAL | 0.0000% | 1h | 0.1281 | +0.125% | $42K | $171K | 25x | as long as short |
| gTrade (Gains Network) OP/USD | L +0.0004% / S −0.0004% | 1h | 0.1281 | +0.136% | — | — | 150x | as long as short |
| Variational Omni OP | +0.0060% | 8h | 0.1280 | +0.014% | $233K | $53K | — | as long as short |
| Orderly PERP_OP_USDC | +0.0063% | 8h | 0.1281 | +0.125% | $6K | $49K | 10x | as long as short |
| Lighter OPshort | +0.0096% | 1h | 0.1282 | +0.226% | $290K | $922K | 15x | |
| Hyperliquid OP | +0.0100% | 1h | 0.1282 | +0.203% | $4.1M | $2.9M | 5x | as long as short |
Injective OP/USDC PERP
GMX OP/USD [OP-USDC]
Coinbase International OP-PERP-INTX
dYdX OP-USD
Deribit OP_USDC-PERPETUAL
gTrade (Gains Network) OP/USD
Variational Omni OP
Orderly PERP_OP_USDC
Hyperliquid OPShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster OPUSDT | +0.0100% | 8h | 0.1281 | +0.114% | $214K | $241K | 10x | as long as short |
| Binance OPUSDT | +0.0100% | 8h | 0.1281 | +0.141% | $20.8M | $61.7M | 75x | as long as short |
| Bybit OPUSDT | +0.0100% | 8h | 0.1281 | +0.109% | $18.8M | $25.4M | 75x | as long as short |
| OKX OP-USDT-SWAP | +0.0100% | 8h | 0.1281 | +0.125% | $6.0M | $30.2M | 50x | as long as short |
| Gate OP_USDT | +0.0100% | 8h | 0.1281 | +0.125% | $2.0M | $1.5M | 50x | as long as short |
| MEXC OP_USDT | +0.0100% | 8h | 0.1282 | +0.171% | $20.2M | $7.2M | 300x | as long as short |
| KuCoin OPUSDTM | +0.0100% | 8h | 0.1280 | +0.046% | $2.9M | $7.5M | 75x | as long as short |
| Bitget OPUSDT | +0.0100% | 8h | 0.1281 | +0.125% | $6.1M | $6.3M | 75x | as long as short |
| BingX OP-USDC | +0.0100% | 8h | 0.1282 | +0.203% | — | $1.6M | — | as long as short |
| Backpack OP_USDC_PERP | +0.0100% | 1h | 0.1281 | +0.132% | $125K | $192K | 10x | as long as short |
| edgeX OPUSDC | +0.0100% | 4h | 0.1279 | −0.003% | $9K | $382K | 10x | as long as short |
| GRVT OP_USDT_Perplong | +0.0100% | 8h | 0.1279 | long leg | $320K | $5.1M | 10x | |
| ApeX Omni OPUSDT | +0.0100% | 1h | 0.1280 | +0.046% | $46K | $722K | 50x | as long as short |
| SoDEX OP-USD | +0.0100% | 1h | 0.1280 | +0.015% | $174 | $6K | 5x | as long as short |
| HTX OP-USDT | +0.0100% | 8h | 0.1281 | +0.164% | $177K | $232K | 50x | as long as short |
| Extended OP-USD | +0.0104% | 1h | 0.1280 | +0.081% | $102K | $186K | 25x | as long as short |
| Aevo OP-PERP | +0.0104% | 1h | 0.1281 | +0.156% | $4K | — | 3x | as long as short |
| BloFin OP-USDT | +0.0220% | 8h | 0.1279 | −0.024% | $1.0M | $298K | 75x | as long as short |
| Kraken Futures PF_OPUSD | +0.0225% | 1h | 0.1281 | +0.161% | $801K | $745K | 20x | as long as short |
| Reya OPRUSDPERP | +0.0437% | 1h | 0.1281 | +0.116% | $712 | — | 20x | as long as short |
Aster OPUSDT
Binance OPUSDT
Bybit OPUSDT
OKX OP-USDT-SWAP
Gate OP_USDT
MEXC OP_USDT
KuCoin OPUSDTM
Bitget OPUSDT
BingX OP-USDC
Backpack OP_USDC_PERP
edgeX OPUSDC
ApeX Omni OPUSDT
SoDEX OP-USD
HTX OP-USDT
Extended OP-USD
Aevo OP-PERP
BloFin OP-USDT
Kraken Futures PF_OPUSD
Reya OPRUSDPERP