Funding you earn now, next payment 10:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.003%
Price spread now: GRVT against Lighter−0.007%78s7-day average +0.025% · you buy dearer than you sell
Net, funding: paid 7d − costs−$13as 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−$130.134% of the position
Funding, last 7 days+0.001%$0 on $10k
+Price spread, last 7 days+0.042%+$4 · spread now −0.007%, 7d avg +0.025%
=Together, before fees+0.043%+ Points / potential airdropLighter: Season 3 · GRVT: Active · farm board+$4 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 0.032% cheaper against Lighter than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.025%. The two prices were read 78 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 PAXG | 4,310.7 | 0.0096 | pay 0.0012% / 1h | 8m 11s | $1.4M | $481K | 25x |
| Short | GRVT PAXG_USDT_Perp | 4,310.4 | 0.0100 | get 0.0050% / 4h | 2h 08m | $1.5M | $1.8M | 10x |
Lighter PAXG
GRVT PAXG_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: −0.007% → +0.025%
- −$3.19
- Slippage, 4 orders
- −$4.39
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Net
- −$15.74
- Costs to cover
- 0.134%
- Break-even
- 138.1 days
Slippage from Lighter: live order book, 1 min ago; GRVT: live order book, 3 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, 1 min ago | 1.17 bp | 1.3 bp −$1 | 3.0 bp −$30 | 16.6 bp −$1,664 | doesn't fit |
| Sell GRVT live order book, 3 min ago | 0.01 bp | 4.8 bp −$5 | 6.3 bp −$63 | doesn't fit | doesn't fit |
PAXG on 29 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX PAXG-USD | 0.0000% | 1h | 4,311.7 | +0.022% | $117K | $3K | 5x | as long as short |
| Gate PAXG_USDT | 0.0000% | 8h | 4,313 | +0.053% | $15.5M | $2.2M | 100x | as long as short |
| SunX PAXG-USDT | 0.0000% | 4h | 4,307.9 | −0.066% | $2K | $1.0M | 20x | as long as short |
| Deribit PAXG_USDC-PERPETUAL | 0.0000% | 1h | 4,315.5 | +0.111% | $8.0M | $119K | 50x | as long as short |
| HTX PAXG-USDT | 0.0000% | 4h | 4,316.3 | +0.131% | $887K | $627K | 75x | as long as short |
| Hibachi PAXG/USDT-P | +0.0016% | 1h | 4,309.8 | −0.021% | $47K | $347K | 20x | as long as short |
| Injective PAXG/USDC PERP | +0.0033% | 1h | 4,323.8 | +0.304% | $1K | $62K | 30x | as long as short |
| Lighter PAXGlong | +0.0096% | 1h | 4,310.7 | long leg | $1.4M | $481K | 25x | |
| Paradex PAXG-USD-PERP | +0.0100% | 8h | 4,311 | +0.007% | $80K | $2K | 50x | as long as short |
| Hyperliquid PAXG | +0.0100% | 1h | 4,311.4 | +0.016% | $21.0M | $2.6M | 10x | as long as short |
dYdX PAXG-USD
Gate PAXG_USDT
SunX PAXG-USDT
Deribit PAXG_USDC-PERPETUAL
HTX PAXG-USDT
Hibachi PAXG/USDT-P
Injective PAXG/USDC PERP
Paradex PAXG-USD-PERP
Hyperliquid PAXGShow all 29 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster PAXGUSDT | +0.0100% | 4h | 4,310.1 | −0.013% | $932K | $56K | 50x | as long as short |
| Pacifica PAXG | +0.0100% | 1h | 4,311.6 | +0.022% | $1.1M | $394K | 10x | as long as short |
| Binance PAXGUSDT | +0.0100% | 4h | 4,310.8 | +0.002% | $82.6M | $64.8M | 75x | as long as short |
| Bybit PAXGUSDT | +0.0100% | 4h | 4,312.5 | +0.041% | $14.7M | $3.7M | 75x | as long as short |
| MEXC PAXG_USDT | +0.0100% | 4h | 4,320.9 | +0.236% | $18.0M | $1.2M | 100x | as long as short |
| KuCoin PAXGUSDTM | +0.0100% | 4h | 4,314.4 | +0.087% | $28.9M | $5.9M | 30x | as long as short |
| Bitget PAXGUSDT | +0.0100% | 4h | 4,312.5 | +0.042% | $9.3M | $10.6M | 50x | as long as short |
| BingX PAXG-USDT | +0.0100% | 4h | 4,312.2 | +0.035% | — | $6.9M | — | as long as short |
| Backpack PAXG_USDC_PERP | +0.0100% | 1h | 4,312 | +0.030% | $1.2M | $243K | 50x | as long as short |
| Variational Omni PAXG | +0.0100% | 4h | 4,309.9 | −0.018% | $12.1M | $195K | — | as long as short |
| GRVT PAXG_USDT_Perpshort | +0.0100% | 4h | 4,310.4 | −0.007% | $1.5M | $1.8M | 10x | |
| ApeX Omni PAXGUSDT | +0.0100% | 1h | 4,311.5 | +0.018% | $264K | $779K | 50x | as long as short |
| Orderly PERP_PAXG_USDC_mythos | +0.0100% | 4h | 4,310.6 | −0.002% | $553 | — | 10x | as long as short |
| Phemex PAXGUSDT | +0.0100% | 4h | 4,312 | +0.030% | $1.5M | $35K | 50x | as long as short |
| Extended PAXG-USD | +0.0104% | 1h | 4,309.7 | −0.022% | $381K | $3.7M | 25x | as long as short |
| Kraken Futures PF_PAXGUSD | +0.0158% | 1h | 4,312.4 | +0.041% | $1.3M | $662K | 20x | as long as short |
| Reya PAXGRUSDPERP | +0.0189% | 1h | 4,312.9 | +0.052% | $20K | — | 100x | as long as short |
| Coinbase International PAXG-PERP-INTX | +0.0312% | 1h | 4,313.8 | +0.072% | $958K | $291K | 50x | as long as short |
| 01 Exchange PAXGUSD | +0.3056% | 1h | 4,330.8 | +0.466% | $29K | $2K | 10x | as long as short |
Aster PAXGUSDT
Pacifica PAXG
Binance PAXGUSDT
Bybit PAXGUSDT
MEXC PAXG_USDT
KuCoin PAXGUSDTM
Bitget PAXGUSDT
BingX PAXG-USDT
Backpack PAXG_USDC_PERP
Variational Omni PAXG
ApeX Omni PAXGUSDT
Orderly PERP_PAXG_USDC_mythos
Phemex PAXGUSDT
Extended PAXG-USD
Kraken Futures PF_PAXGUSD
Reya PAXGRUSDPERP
Coinbase International PAXG-PERP-INTX
01 Exchange PAXGUSD