Funding you earn now, next payment 06:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h −0.001%
Price spread now: Lighter RH against GRVT+0.022%7-day average −0.079% · you sell dearer than you buy
Net, funding: paid 7d − costs−$48as in the Funding arb table
Net, price: spread back to 7d avg − costs−$40as in the Price arb table
costs, in and out, $10k−$500.502% of the position
Funding, last 7 days+0.019%+$2 on $10k
+Price spread, last 4 days (all we have)−0.367%−$37 · spread now +0.022%, 7d avg −0.079%
=Together, before fees−0.348%+ Points / potential airdropGRVT: Active · Lighter RH: Points live · farm board−$35 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Lighter RH is 0.101% dearer against GRVT than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of −0.079%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GRVT BE_USDT_Perp | 272.63 | 0 | get 0.0000% / 8h | 2h 51m | $6K | $162K | 10x |
| Short | Lighter RH BE | 272.69 | 0.0032 | get 0.0004% / 1h | 51m 29s | $249K | $290K | 10x |
GRVT BE_USDT_Perp
Lighter RH BEFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH 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
- $6.72
- Price spread: +0.022% → −0.079%
- $10.08
- Slippage, 4 orders
- −$41.2
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- −$33.4
- Costs to cover
- 0.502%
- Break-even
- 41.8 days
Slippage from GRVT: live order book, 56 min ago; Lighter RH: live order book, 61 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, 56 min ago | 3.28 bp | 18.6 bp −$19 | 25.9 bp −$259 | doesn't fit | doesn't fit |
| Sell Lighter RH live order book, 61 min ago | 5.83 bp | 6.6 bp −$7 | 16.8 bp −$168 | doesn't fit | doesn't fit |
BE on 21 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster BEUSDT | 0.0000% | 8h | 272.60 | −0.010% | $343K | $120K | 20x | as long as short |
| Extended BE-USD | 0.0000% | 1h | 272.67 | +0.016% | $47K | $258K | 10x | as long as short |
| Binance BEUSDT | 0.0000% | 8h | 272.77 | +0.051% | $8.3M | $37.0M | 25x | as long as short |
| Gate BE_USDT | 0.0000% | 8h | 272.60 | −0.011% | $1.4M | $3.3M | 50x | as long as short |
| Bitget BEUSDT | 0.0000% | 8h | 272.82 | +0.069% | $1.6M | $2.6M | 20x | as long as short |
| GRVT BE_USDT_Perplong | 0.0000% | 8h | 272.63 | long leg | $6K | $162K | 10x | |
| SunX BE-USDT | 0.0000% | 8h | 272.88 | +0.091% | $969 | $2.4M | 10x | as long as short |
| HTX BE-USDT | 0.0000% | 8h | 272.69 | +0.022% | $13K | $35K | 20x | as long as short |
| Bybit BEUSDT | +0.0018% | 8h | 272.91 | +0.102% | $2.0M | $1.1M | 25x | as long as short |
| QFEX BE-USD | +0.0024% | 1h | 272.70 | +0.025% | $1.3M | $2.5M | 10x | as long as short |
Aster BEUSDT
Extended BE-USD
Binance BEUSDT
Gate BE_USDT
Bitget BEUSDT
SunX BE-USDT
HTX BE-USDT
Bybit BEUSDT
QFEX BE-USDShow all 21 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter BE | +0.0032% | 1h | 272.50 | −0.048% | — | — | 10x | as long as short |
| Lighter RH BEshort | +0.0032% | 1h | 272.69 | +0.022% | $249K | $290K | 10x | |
| OKX BE-USDT-SWAP | +0.0035% | 8h | 272.75 | +0.044% | $2.6M | $6.9M | 25x | as long as short |
| Arcus BE-USD | +0.0040% | 1h | 272.40 | −0.085% | $114K | $109K | 10x | as long as short |
| Vest BE-USD-PERP | +0.0046% | 1h | 272.84 | +0.077% | — | — | 10x | as long as short |
| tradeXYZ xyz:BE | +0.0050% | 1h | 272.66 | +0.011% | $5.9M | $2.7M | 10x | as long as short |
| Coinbase International BE-PERP-INTX | +0.0056% | 1h | 271.77 | −0.316% | $475K | $136K | 10x | as long as short |
| KuCoin BEUSDTM | +0.0100% | 8h | 272.61 | −0.008% | $368K | $17K | 20x | as long as short |
| Aevo BE-PERP | +0.0104% | 1h | 272.78 | +0.056% | — | — | 10x | as long as short |
| BloFin BE-USDT | +0.0120% | 8h | 272.70 | +0.025% | $45K | $144K | 20x | as long as short |
| Deribit BE_USDC-PERPETUAL | +0.0814% | 1h | 272.89 | +0.095% | $6K | $4K | 10x | as long as short |
Lighter BE
OKX BE-USDT-SWAP
Arcus BE-USD
Vest BE-USD-PERP
tradeXYZ xyz:BE
Coinbase International BE-PERP-INTX
KuCoin BEUSDTM
Aevo BE-PERP
BloFin BE-USDT
Deribit BE_USDC-PERPETUAL