Funding you earn now, next payment 06:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h +0.001%
Price spread now: GRVT against Lighter RH−0.022%7-day average +0.079% · you buy dearer than you sell
Net, funding: paid 7d − costs−$52as in the Funding arb table
Net, price: spread back to 7d avg − costs−$60as 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 airdropLighter RH: Points live · GRVT: Active · farm board+$35 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and GRVT is 0.101% cheaper against Lighter RH than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of +0.079%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter RH BE | 272.69 | 0.0032 | pay 0.0004% / 1h | 51m 23s | $249K | $290K | 10x |
| Short | GRVT BE_USDT_Perp | 272.63 | 0 | get 0.0000% / 8h | 2h 51m | $6K | $162K | 10x |
Lighter RH BE
GRVT BE_USDT_PerpFunding history
latest
Range statsloading…
Price spread between the two exchanges
GRVT against Lighter RH. 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 Lighter RH: 0 bp × 2 orders
- $0
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Net
- −$67
- Costs to cover
- 0.502%
- Break-even
- never at this rate
Slippage from Lighter RH: live order book, 61 min ago; GRVT: live order book, 56 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 RH live order book, 61 min ago | 5.83 bp | 5.9 bp −$6 | 16.8 bp −$168 | doesn't fit | doesn't fit |
| Sell GRVT live order book, 56 min ago | 3.28 bp | 19.0 bp −$19 | doesn't fit | 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 | 272.61 | −0.031% | $343K | $120K | 20x | as long as short |
| Extended BE-USD | 0.0000% | 1h | 272.74 | +0.019% | $47K | $258K | 10x | as long as short |
| Binance BEUSDT | 0.0000% | 8h | 272.82 | +0.048% | $8.3M | $37.0M | 25x | as long as short |
| Gate BE_USDT | 0.0000% | 8h | 272.60 | −0.033% | $1.4M | $3.3M | 50x | as long as short |
| Bitget BEUSDT | 0.0000% | 8h | 272.82 | +0.048% | $1.6M | $2.6M | 20x | as long as short |
| GRVT BE_USDT_Perpshort | 0.0000% | 8h | 272.63 | −0.022% | $6K | $162K | 10x | |
| SunX BE-USDT | 0.0000% | 8h | 272.88 | +0.070% | $969 | $2.4M | 10x | as long as short |
| HTX BE-USDT | 0.0000% | 8h | 272.87 | +0.066% | $12K | $35K | 20x | as long as short |
| Bybit BEUSDT | +0.0018% | 8h | 272.91 | +0.081% | $2.0M | $1.1M | 25x | as long as short |
| QFEX BE-USD | +0.0024% | 1h | 272.70 | +0.004% | $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 | −0.070% | — | — | 10x | as long as short |
| Lighter RH BElong | +0.0032% | 1h | 272.69 | long leg | $249K | $290K | 10x | |
| OKX BE-USDT-SWAP | +0.0032% | 8h | 272.75 | +0.022% | $2.6M | $6.9M | 25x | as long as short |
| Arcus BE-USD | +0.0040% | 1h | 272.40 | −0.106% | $114K | $109K | 10x | as long as short |
| Vest BE-USD-PERP | +0.0046% | 1h | 272.84 | +0.055% | — | — | 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 | −0.337% | $475K | $136K | 10x | as long as short |
| KuCoin BEUSDTM | +0.0100% | 8h | 272.63 | −0.022% | $368K | $17K | 20x | as long as short |
| Aevo BE-PERP | +0.0104% | 1h | 272.74 | +0.018% | — | — | 10x | as long as short |
| BloFin BE-USDT | +0.0120% | 8h | 272.70 | +0.004% | $45K | $144K | 20x | as long as short |
| Deribit BE_USDC-PERPETUAL | +0.0484% | 1h | 272.76 | +0.026% | $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