Funding you earn now, next payment 22:00 UTC−0.0428%/8h= −46.9% APRpaid last 24h −0.182%
Price spread now: GRVT against Lighter−0.339%7-day average −0.085% · you buy dearer than you sell
Net, funding: paid 7d − costs−$69as in the Funding arb table
Net, price: spread back to 7d avg − costs−$64as in the Price arb table
costs, in and out, $10k−$390.386% of the position
Funding, last 7 days−0.309%−$31 on $10k
+Price spread, last 7 days+0.207%+$21 · spread now −0.339%, 7d avg −0.085%
=Together, before fees−0.101%+ Points / potential airdropLighter: Season 3 · GRVT: Active · farm board−$10 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$13 a day on $10k at the current rate, and GRVT is 0.254% cheaper against Lighter than usual: you would sell low and buy high (−$25 if the spread goes back to its 7-day average of −0.085%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter UNI | 8.8729 | 0.0528 | pay 0.0066% / 1h | 35m 08s | $4.5M | $5.4M | 15x |
| Short | GRVT UNI_USDT_Perp | 8.8428 | 0.0100 | get 0.0100% / 8h | 2h 35m | $618K | $2.5M | 10x |
Lighter UNI
GRVT UNI_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
- −$89.88
- Price spread: −0.339% → −0.085%
- −$25.4
- Slippage, 4 orders
- −$29.58
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Net
- −$153.85
- Costs to cover
- 0.386%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 3 min ago; GRVT: 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 Lighter live order book, 3 min ago | 1.64 bp | 7.1 bp −$7 | 19.1 bp −$191 | 86.4 bp −$8,639 | doesn't fit |
| Sell GRVT live order book, 4 min ago | 1.13 bp | 16.2 bp −$16 | 24.8 bp −$248 | doesn't fit | doesn't fit |
UNI on 40 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 | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni UNI | −0.0185% | 8h | 8.8292 | −0.493% | $3.9M | $4.6M | — | as long as short |
| Bybit UNIUSDT | −0.0158% | 8h | 8.8580 | −0.168% | $102.4M | $104.4M | 75x | as long as short |
| 01 Exchange UNIUSD | 0.0000% | 1h | 8.8573 | −0.176% | $442 | — | 10x | as long as short |
| Deribit UNI_USDC-PERPETUAL | 0.0000% | 1h | 8.8616 | −0.128% | $553K | $125K | 50x | as long as short |
| gTrade (Gains Network) UNI/USD | L +0.0004% / S −0.0006% | 1h | 8.8561 | −0.189% | $80K | — | 150x | as long as short |
| OKX UNI-USDT-SWAP | +0.0014% | 8h | 8.8560 | −0.190% | $54.4M | $245.7M | 50x | as long as short |
| Paradex UNI-USD-PERP | +0.0100% | 8h | 8.8467 | −0.295% | $25K | — | 20x | as long as short |
| Nado UNI-PERP | +0.0100% | 1h | 8.8515 | −0.241% | $855K | $3.9M | 10x | as long as short |
| Aster UNIUSDT | +0.0100% | 8h | 8.8565 | −0.185% | $1.0M | $3.4M | 50x | as long as short |
| Pacifica UNI | +0.0100% | 1h | 8.8530 | −0.224% | $296K | $561K | 10x | as long as short |
Variational Omni UNI
Bybit UNIUSDT
01 Exchange UNIUSD
Deribit UNI_USDC-PERPETUAL
gTrade (Gains Network) UNI/USD
OKX UNI-USDT-SWAP
Paradex UNI-USD-PERP
Nado UNI-PERP
Aster UNIUSDT
Pacifica UNIShow all 40 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance UNIUSDT | +0.0100% | 8h | 8.8590 | −0.157% | $216.7M | $593.6M | 75x | as long as short |
| Arcus UNI-USD | +0.0100% | 1h | 8.8610 | −0.134% | $273K | $612K | 10x | as long as short |
| Gate UNI_USDT | +0.0100% | 8h | 8.8590 | −0.157% | $23.0M | $59.1M | 75x | as long as short |
| MEXC UNI_USDT | +0.0100% | 8h | 8.8570 | −0.179% | $42.9M | $24.5M | 200x | as long as short |
| KuCoin UNIUSDTM | +0.0100% | 8h | 8.8570 | −0.179% | $13.8M | $13.7M | 75x | as long as short |
| Bitget UNIUSDT | +0.0100% | 8h | 8.8570 | −0.179% | $32.0M | $41.0M | 75x | as long as short |
| BingX UNI-USDC | +0.0100% | 8h | 8.8580 | −0.168% | — | $6.5M | — | as long as short |
| Backpack UNI_USDC_PERP | +0.0100% | 1h | 8.8638 | −0.103% | $985K | $2.3M | 10x | as long as short |
| edgeX UNIUSDC | +0.0100% | 4h | 8.8350 | −0.428% | $166K | $342K | 20x | as long as short |
| GRVT UNI_USDT_Perpshort | +0.0100% | 8h | 8.8428 | −0.339% | $618K | $2.5M | 10x | |
| ApeX Omni UNIUSDT | +0.0100% | 1h | 8.8490 | −0.269% | $84K | $712K | 50x | as long as short |
| StandX UNI-USD | +0.0100% | 1h | 8.8380 | −0.393% | $105K | $3.2M | 20x | as long as short |
| Polymarket Perps UNI-USD | +0.0100% | 1h | 8.8562 | −0.188% | $87K | $323K | 10x | as long as short |
| Orderly PERP_UNI_USDC | +0.0100% | 8h | 8.8560 | −0.190% | $16K | $1.7M | 10x | as long as short |
| SunX UNI-USDT | +0.0100% | 8h | 8.8604 | −0.141% | $36K | $1.3M | 30x | as long as short |
| SoDEX UNI-USD | +0.0100% | 1h | 8.8549 | −0.203% | $25K | $661K | 10x | as long as short |
| HTX UNI-USDT | +0.0100% | 8h | 8.8587 | −0.160% | $723K | $4.3M | 75x | as long as short |
| Phemex UNIUSDT | +0.0100% | 8h | 8.8580 | −0.168% | $26.7M | $4.3M | 50x | as long as short |
| Extended UNI-USD | +0.0104% | 1h | 8.8510 | −0.247% | $298K | $1.4M | 25x | as long as short |
| Aevo UNI-PERP | +0.0104% | 1h | 8.8570 | −0.180% | $31K | $1K | 3x | as long as short |
| dYdX UNI-USD | +0.0108% | 1h | 8.8536 | −0.217% | $245K | $5K | 10x | as long as short |
| Coinbase International UNI-PERP-INTX | +0.0200% | 1h | 8.8470 | −0.292% | $1.0M | $5.3M | 50x | as long as short |
| BloFin UNI-USDT | +0.0220% | 8h | 8.8480 | −0.281% | $9.8M | $3.3M | 75x | as long as short |
| Kraken Futures PF_UNIUSD | +0.0268% | 1h | 8.8619 | −0.123% | $5.0M | $7.1M | 50x | as long as short |
| Hyperliquid UNI | +0.0321% | 1h | 8.8709 | −0.023% | $96.5M | $59.8M | 10x | as long as short |
| Reya UNIRUSDPERP | +0.0360% | 1h | 8.8524 | −0.231% | $16K | — | 20x | as long as short |
| GMX UNI/USD [UNI-USDC] | L +0.0379% / S −0.0320% | 1h | 8.8572 | −0.177% | $555K | — | 120x | as long as short |
| Aftermath Perps UNIUSD | +0.0467% | 1h | 8.8490 | −0.270% | $1K | $50K | 10x | as long as short |
| Lighter UNIlong | +0.0528% | 1h | 8.8729 | long leg | $4.5M | $5.4M | 15x | |
| Injective UNI/USDC PERP | +0.2702% | 1h | 8.7900 | −0.934% | $657 | $97K | 12x | as long as short |
Binance UNIUSDT
Arcus UNI-USD
Gate UNI_USDT
MEXC UNI_USDT
KuCoin UNIUSDTM
Bitget UNIUSDT
BingX UNI-USDC
Backpack UNI_USDC_PERP
edgeX UNIUSDC
ApeX Omni UNIUSDT
StandX UNI-USD
Polymarket Perps UNI-USD
Orderly PERP_UNI_USDC
SunX UNI-USDT
SoDEX UNI-USD
HTX UNI-USDT
Phemex UNIUSDT
Extended UNI-USD
Aevo UNI-PERP
dYdX UNI-USD
Coinbase International UNI-PERP-INTX
BloFin UNI-USDT
Kraken Futures PF_UNIUSD
Hyperliquid UNI
Reya UNIRUSDPERP
GMX UNI/USD [UNI-USDC]
Aftermath Perps UNIUSD
Injective UNI/USDC PERP