Funding you earn now, next payment 22:00 UTC−0.0708%/8h= −77.5% APRpaid last 24h −0.117%
Price spread now: GRVT against Lighter−0.329%7-day average −0.101% · you buy dearer than you sell
Net, funding: paid 7d − costs−$70as in the Funding arb table
Net, price: spread back to 7d avg − costs−$78as in the Price arb table
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)+0.190%+$19 · spread now −0.329%, 7d avg −0.101%
=Together, before fees+0.043%+ Points / potential airdropLighter: Season 3 · GRVT: Active · farm board+$4 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$21 a day on $10k at the current rate, and GRVT is 0.229% cheaper against Lighter than usual: you would sell low and buy high (−$23 if the spread goes back to its 7-day average of −0.101%). Swap the legs.
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 | Lighter XLM | 0.2155 | 0.0808 | pay 0.0101% / 1h | 21m 07s | $424K | $803K | 5x |
| Short | GRVT XLM_USDT_Perp | 0.2148 | 0.0100 | get 0.0100% / 8h | 2h 21m | $602K | $595K | 10x |
Lighter XLM
GRVT XLM_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
- −$148.68
- Price spread: −0.329% → −0.101%
- −$22.85
- Slippage, 4 orders
- −$46.19
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Net
- −$226.72
- Costs to cover
- 0.552%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 64 min ago; GRVT: live order book, 2 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, 64 min ago | 4.93 bp | 23.2 bp −$23 | 62.2 bp −$622 | doesn't fit | doesn't fit |
| Sell GRVT live order book, 2 min ago | 1.63 bp | 9.4 bp −$9 | 29.2 bp −$292 | 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 | −0.213% | $23K | $3K | 10x | as long as short |
| gTrade (Gains Network) XLM/USD | L 0.0000% / S +0.0002% | 1h | 0.2151 | −0.211% | $4K | — | 150x | as long as short |
| Aster XLMUSDT | +0.0100% | 8h | 0.2151 | −0.193% | $587K | $793K | 75x | as long as short |
| Binance XLMUSDT | +0.0100% | 8h | 0.2152 | −0.153% | $55.5M | $145.1M | 75x | as long as short |
| Bybit XLMUSDT | +0.0100% | 8h | 0.2152 | −0.153% | $43.8M | $41.3M | 75x | as long as short |
| OKX XLM-USDT-SWAP | +0.0100% | 8h | 0.2150 | −0.237% | $13.0M | $40.7M | 50x | as long as short |
| Gate XLM_USDT | +0.0100% | 8h | 0.2151 | −0.190% | $3.9M | $5.9M | 75x | as long as short |
| MEXC XLM_USDT | +0.0100% | 8h | 0.2152 | −0.144% | $25.3M | $25.2M | 300x | as long as short |
| KuCoin XLMUSDTM | +0.0100% | 8h | 0.2151 | −0.190% | $14.5M | $10.4M | 75x | as long as short |
| Bitget XLMUSDT | +0.0100% | 8h | 0.2152 | −0.148% | $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 | 0.2152 | −0.162% | — | $6.8M | — | as long as short |
| Backpack XLM_USDC_PERP | +0.0100% | 1h | 0.2152 | −0.158% | $102K | $221K | 20x | as long as short |
| Variational Omni XLM | +0.0100% | 8h | 0.2142 | −0.597% | $207K | $1.1M | — | as long as short |
| edgeX XLMUSDC | +0.0100% | 4h | 0.2146 | −0.442% | $12K | $298K | 10x | as long as short |
| GRVT XLM_USDT_Perpshort | +0.0100% | 8h | 0.2148 | −0.329% | $602K | $595K | 10x | |
| ApeX Omni XLMUSDT | +0.0100% | 1h | 0.2146 | −0.441% | $172K | $256K | 50x | as long as short |
| Orderly PERP_XLM_USDC_mythos | +0.0100% | 4h | 0.2152 | −0.153% | $3K | $2K | 10x | as long as short |
| SunX XLM-USDT | +0.0100% | 8h | 0.2149 | −0.306% | $2K | $1.7M | 20x | as long as short |
| SoDEX XLM-USD | +0.0100% | 1h | 0.2152 | −0.176% | $2K | $6K | 5x | as long as short |
| HTX XLM-USDT | +0.0100% | 8h | 0.2151 | −0.209% | $201K | $267K | 20x | as long as short |
| Phemex XLMUSDT | +0.0100% | 8h | 0.2151 | −0.181% | $9.0M | $9.0M | 50x | as long as short |
| Extended XLM-USD | +0.0104% | 1h | 0.2152 | −0.169% | $193K | $1.6M | 10x | as long as short |
| Phoenix XLM | +0.0187% | 1h | 0.2149 | −0.297% | $5K | $43K | 5x | as long as short |
| BloFin XLM-USDT | +0.0220% | 8h | 0.2152 | −0.144% | $2.3M | $6.3M | 75x | as long as short |
| Injective XLM/USDC PERP | +0.0249% | 1h | 0.2127 | −1.313% | $476 | $154K | 12x | as long as short |
| Hyperliquid XLM | +0.0263% | 1h | 0.2154 | −0.074% | $12.0M | $5.8M | 5x | as long as short |
| GMX XLM/USD [WBTC.b-USDC] | L +0.0313% / S −0.0166% | 1h | 0.2151 | −0.194% | $45K | — | 100x | as long as short |
| Coinbase International XLM-PERP-INTX | +0.0408% | 1h | 0.2155 | −0.009% | $229K | $1.5M | 50x | as long as short |
| Kraken Futures PF_XLMUSD | +0.0548% | 1h | 0.2152 | −0.134% | $2.6M | $2.6M | 50x | as long as short |
| Deribit XLM_USDC-PERPETUAL | +0.0726% | 1h | 0.2154 | −0.070% | $535K | $170K | 25x | as long as short |
| Lighter XLMlong | +0.0808% | 1h | 0.2155 | long leg | $424K | $803K | 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