Funding you earn now, next payment 22:00 UTC+0.0724%/8h= +79.3% APRpaid last 24h +0.117%
Price spread now: Lighter against GRVT+0.534%108s7-day average +0.101% · you sell dearer than you buy
Net, funding: paid 7d − costs−$40as 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−$550.552% of the position
Funding, last 7 days+0.147%+$15 on $10k
+Price spread, last 3 days (all we have)−0.395%−$39 · spread now +0.534%, 7d avg +0.101%
=Together, before fees−0.248%+ Points / potential airdropGRVT: Active · Lighter: Season 3 · farm board−$25 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$22 a day on $10k at the current rate, and Lighter is 0.433% dearer against GRVT than usual: you sell high and buy low: +$43 more if the spread goes back to its 7-day average of +0.101%. The two prices were read 108 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 0.147% in total (about 7.7% 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 XLM_USDT_Perp | 0.2141 | 0.0100 | pay 0.0100% / 8h | 2h 21m | $600K | $611K | 10x |
| Short | Lighter XLM | 0.2152 | 0.0824 | get 0.0103% / 1h | 21m 39s | $427K | $793K | 5x |
GRVT XLM_USDT_Perp
Lighter XLMFunding 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
- $152.04
- Price spread: +0.534% → +0.101%
- $43.3
- Slippage, 4 orders
- −$46.19
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $140.15
- Costs to cover
- 0.552%
- Break-even
- 0.5 days
Slippage from GRVT: live order book, 1 min ago; Lighter: live order book, 63 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 | 1.63 bp | 11.3 bp −$11 | 14.1 bp −$141 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 63 min ago | 4.93 bp | 11.3 bp −$11 | 60.7 bp −$607 | doesn't fit | doesn't fit |
XLM on 31 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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX XLM-USD | 0.0000% | 1h | 0.2151 | +0.450% | $23K | $3K | 10x | as long as short |
| gTrade (Gains Network) XLM/USD | L 0.0000% / S +0.0002% | 1h | 0.2150 | +0.414% | $4K | — | 150x | as long as short |
| Aster XLMUSDT | +0.0100% | 8h | 0.2151 | +0.454% | $587K | $793K | 75x | as long as short |
| Binance XLMUSDT | +0.0100% | 8h | 0.2152 | +0.492% | $55.5M | $145.1M | 75x | as long as short |
| Bybit XLMUSDT | +0.0100% | 8h | 0.2151 | +0.478% | $43.8M | $41.2M | 75x | as long as short |
| OKX XLM-USDT-SWAP | +0.0100% | 8h | 0.2150 | +0.436% | $13.0M | $40.7M | 50x | as long as short |
| Gate XLM_USDT | +0.0100% | 8h | 0.2151 | +0.454% | $3.9M | $5.9M | 75x | as long as short |
| MEXC XLM_USDT | +0.0100% | 8h | 0.2151 | +0.482% | $25.3M | $25.2M | 300x | as long as short |
| KuCoin XLMUSDTM | +0.0100% | 8h | 0.2151 | +0.454% | $14.5M | $10.4M | 75x | as long as short |
| Bitget XLMUSDT | +0.0100% | 8h | 0.2151 | +0.473% | $25.8M | $17.9M | 75x | as long as short |
dYdX XLM-USD
gTrade (Gains Network) XLM/USD
Aster XLMUSDT
Binance XLMUSDT
Bybit XLMUSDT
OKX XLM-USDT-SWAP
Gate XLM_USDT
MEXC XLM_USDT
KuCoin XLMUSDTM
Bitget XLMUSDTShow all 31 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX XLM-USDT | +0.0100% | 8h | 0.2151 | +0.478% | — | $6.8M | — | as long as short |
| Backpack XLM_USDC_PERP | +0.0100% | 1h | 0.2151 | +0.478% | $102K | $221K | 20x | as long as short |
| Variational Omni XLM | +0.0100% | 8h | 0.2142 | +0.063% | $207K | $1.1M | — | as long as short |
| edgeX XLMUSDC | +0.0100% | 4h | 0.2140 | −0.028% | $12K | $297K | 10x | as long as short |
| GRVT XLM_USDT_Perplong | +0.0100% | 8h | 0.2141 | long leg | $600K | $611K | 10x | |
| ApeX Omni XLMUSDT | +0.0100% | 1h | 0.2140 | −0.064% | $171K | $255K | 50x | as long as short |
| Orderly PERP_XLM_USDC_mythos | +0.0100% | 4h | 0.2151 | +0.464% | $3K | $2K | 10x | as long as short |
| SunX XLM-USDT | +0.0100% | 8h | 0.2147 | +0.286% | $2K | $1.7M | 20x | as long as short |
| SoDEX XLM-USD | +0.0100% | 1h | 0.2150 | +0.440% | $2K | $6K | 5x | as long as short |
| HTX XLM-USDT | +0.0100% | 8h | 0.2148 | +0.319% | $200K | $267K | 20x | as long as short |
| Phemex XLMUSDT | +0.0100% | 8h | 0.2150 | +0.436% | $9.0M | $9.0M | 50x | as long as short |
| Extended XLM-USD | +0.0104% | 1h | 0.2151 | +0.481% | $193K | $1.6M | 10x | as long as short |
| Phoenix XLM | +0.0187% | 1h | 0.2143 | +0.109% | $5K | $43K | 5x | as long as short |
| BloFin XLM-USDT | +0.0220% | 8h | 0.2146 | +0.249% | $2.3M | $6.3M | 75x | as long as short |
| Injective XLM/USDC PERP | +0.0249% | 1h | 0.2127 | −0.657% | $476 | $154K | 12x | as long as short |
| Hyperliquid XLM | +0.0261% | 1h | 0.2153 | +0.557% | $12.0M | $5.8M | 5x | as long as short |
| GMX XLM/USD [WBTC.b-USDC] | L +0.0313% / S −0.0166% | 1h | 0.2150 | +0.410% | $45K | — | 100x | as long as short |
| Coinbase International XLM-PERP-INTX | +0.0408% | 1h | 0.2145 | +0.188% | $228K | $1.5M | 50x | as long as short |
| Kraken Futures PF_XLMUSD | +0.0549% | 1h | 0.2152 | +0.493% | $2.6M | $2.6M | 50x | as long as short |
| Deribit XLM_USDC-PERPETUAL | +0.0727% | 1h | 0.2152 | +0.524% | $534K | $170K | 25x | as long as short |
| Lighter XLMshort | +0.0824% | 1h | 0.2152 | +0.534% | $427K | $793K | 5x |
BingX XLM-USDT
Backpack XLM_USDC_PERP
Variational Omni XLM
edgeX XLMUSDC
ApeX Omni XLMUSDT
Orderly PERP_XLM_USDC_mythos
SunX XLM-USDT
SoDEX XLM-USD
HTX XLM-USDT
Phemex XLMUSDT
Extended XLM-USD
Phoenix XLM
BloFin XLM-USDT
Injective XLM/USDC PERP
Hyperliquid XLM
GMX XLM/USD [WBTC.b-USDC]
Coinbase International XLM-PERP-INTX
Kraken Futures PF_XLMUSD
Deribit XLM_USDC-PERPETUAL