Funding you earn now, next payment 04:00 UTC+0.3246%/8h= +355.4% APRpaid last 24h +0.434%
Price spread now: Lighter against GRVT+0.333%48s7-day average −0.006% · you sell dearer than you buy
Net, funding: paid 7d − costs−$198as 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−$2192.193% of the position
Funding, last 7 days+0.212%+$21 on $10k
+Price spread, last 4 days (all we have)+0.382%+$38 · spread now +0.333%, 7d avg −0.006%
=Together, before fees+0.594%+ Points / potential airdropGRVT: Active · Lighter: Season 3 · farm board+$59 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$97 a day on $10k at the current rate, and Lighter is 0.339% dearer against GRVT than usual: you sell high and buy low: +$34 more if the spread goes back to its 7-day average of −0.006%. The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.212% in total (about 11.0% 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 | GRVT PROVE_USDT_Perp | 0.2340 | −0.3150 | get 0.1575% / 4h | 52m 22s | $228K | $2.7M | 10x |
| Short | Lighter PROVE | 0.2348 | 0.0096 | get 0.0012% / 1h | 52m 22s | $83K | $140K | 3x |
GRVT PROVE_USDT_Perp
Lighter PROVEFunding 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
- $681.66
- Price spread: +0.333% → −0.006%
- $33.92
- Slippage, 4 orders
- −$210.34
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $496.23
- Costs to cover
- 2.193%
- Break-even
- 1.9 days
Slippage from GRVT: live order book, 1 min ago; Lighter: live order book, 52 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, 1 min ago | 4.27 bp | 96.8 bp −$97 | 276.7 bp −$2,767 | 91685.3 bp −$9.17M | doesn't fit |
| Sell Lighter live order book, 52 min ago | 36.31 bp | 40.0 bp −$40 | 209.9 bp −$2,099 | doesn't fit | doesn't fit |
PROVE on 14 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit PROVEUSDT | −0.4053% | 4h | 0.2344 | +0.171% | $2.2M | $11.5M | 25x | as long as short |
| OKX PROVE-USDT-SWAP | −0.4009% | 4h | 0.2337 | −0.128% | $615K | $8.5M | 20x | as long as short |
| Aster PROVEUSDT | −0.3927% | 4h | 0.2342 | +0.066% | $46K | $275K | 5x | as long as short |
| Bitget PROVEUSDT | −0.3830% | 4h | 0.2342 | +0.085% | $715K | $5.1M | 50x | as long as short |
| MEXC PROVE_USDT | −0.3750% | 4h | 0.2338 | −0.085% | $279K | $415K | 20x | as long as short |
| Binance PROVEUSDT | −0.3701% | 4h | 0.2338 | −0.085% | $3.5M | $37.9M | 75x | as long as short |
| KuCoin PROVEUSDTM | −0.3520% | 4h | 0.2343 | +0.120% | $2.8M | $1.2M | 50x | as long as short |
| Variational Omni PROVE | −0.3200% | 4h | 0.2348 | +0.347% | $28K | $47K | — | as long as short |
| GRVT PROVE_USDT_Perplong | −0.3150% | 4h | 0.2340 | long leg | $228K | $2.7M | 10x | |
| Gate PROVE_USDT | −0.3134% | 4h | 0.2344 | +0.171% | $202K | $1.1M | 75x | as long as short |
Bybit PROVEUSDT
OKX PROVE-USDT-SWAP
Aster PROVEUSDT
Bitget PROVEUSDT
MEXC PROVE_USDT
Binance PROVEUSDT
KuCoin PROVEUSDTM
Variational Omni PROVE
Gate PROVE_USDTShow all 14 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| ApeX Omni PROVEUSDT | −0.2730% | 1h | 0.2335 | −0.214% | $49K | $335K | 50x | as long as short |
| BingX PROVE-USDT | −0.2662% | 4h | 0.2342 | +0.085% | — | $2.5M | — | as long as short |
| Hyperliquid PROVE | −0.1015% | 1h | 0.2339 | −0.041% | $339K | $948K | 3x | as long as short |
| Lighter PROVEshort | +0.0096% | 1h | 0.2348 | +0.333% | $83K | $140K | 3x |
ApeX Omni PROVEUSDT
BingX PROVE-USDT
Hyperliquid PROVE