Funding you earn now, next payment 10:00 UTC−0.0024%/8h= −2.6% APRpaid last 24h −0.056%
Price spread now: Lighter against GRVT−0.030%7-day average −0.083% · you buy dearer than you sell
Net, funding: paid 7d − costs−$53as in the Funding arb table
Net, price: spread back to 7d avg − costs−$36as in the Price arb table
costs, in and out, $10k−$410.410% of the position
Funding, last 7 days−0.124%−$12 on $10k
+Price spread, last 4 days (all we have)+0.025%+$2 · spread now −0.030%, 7d avg −0.083%
=Together, before fees−0.099%+ Points / potential airdropGRVT: Active · Lighter: Season 3 · farm board−$10 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Lighter is 0.053% dearer against GRVT than usual: you sell high and buy low (spread −0.030% now, against its 7-day average of −0.083%): +$5 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 7.4 days. At the pace of the last 7 days (−0.124% in total) that is about 3.0 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GRVT CBRS_USDT_Perp | 206.12 | 0 | get 0.0000% / 8h | 6h 59m | $649 | $220K | 10x |
| Short | Lighter CBRS | 206.06 | −0.0024 | pay 0.0003% / 1h | 59m 34s | $90K | $1.1M | 10x |
GRVT CBRS_USDT_Perp
Lighter CBRSFunding 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
- −$5.04
- Price spread: −0.030% → −0.083%
- $5.34
- Slippage, 4 orders
- −$32.05
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$40.75
- Costs to cover
- 0.410%
- Break-even
- never at this rate
Slippage from GRVT: live order book, 33 min ago; Lighter: live order book, 1 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, 33 min ago | 2.45 bp | 12.1 bp −$12 | doesn't fit | doesn't fit | doesn't fit |
| Sell Lighter live order book, 1 min ago | 4.61 bp | 4.6 bp −$5 | 8.4 bp −$84 | doesn't fit | doesn't fit |
CBRS on 26 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 | |
|---|---|---|---|---|---|---|---|---|
| edgeX CBRSUSDC | −0.0303% | 4h | 206.08 | −0.020% | $23K | $222K | 10x | as long as short |
| Bitget CBRSUSDT | −0.0157% | 8h | 206.20 | +0.038% | $2.4M | $2.7M | 20x | as long as short |
| Phoenix CBRS | −0.0039% | 1h | 205.91 | −0.103% | $1K | $108K | 10x | as long as short |
| Lighter CBRSshort | −0.0024% | 1h | 206.06 | −0.030% | $90K | $1.1M | 10x | |
| BloFin CBRS-USDT | −0.0021% | 8h | 206.14 | +0.009% | $147K | $72K | 20x | as long as short |
| Aster CBRSUSDT | 0.0000% | 8h | 206.15 | +0.013% | $65K | $148K | 20x | as long as short |
| Extended CBRS_24_5-USD | 0.0000% | 1h | 206.14 | +0.008% | $44K | $387K | 10x | as long as short |
| Binance CBRSUSDT | 0.0000% | 8h | 206.16 | +0.018% | $10.2M | $32.2M | 25x | as long as short |
| Bybit CBRSUSDT | 0.0000% | 8h | 206.14 | +0.009% | $2.1M | $2.2M | 25x | as long as short |
| OKX CBRS-USDT-SWAP | 0.0000% | 8h | 206.14 | +0.009% | $2.2M | $3.5M | 25x | as long as short |
edgeX CBRSUSDC
Bitget CBRSUSDT
Phoenix CBRS
BloFin CBRS-USDT
Aster CBRSUSDT
Extended CBRS_24_5-USD
Binance CBRSUSDT
Bybit CBRSUSDT
OKX CBRS-USDT-SWAPShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni CBRS | 0.0000% | 8h | 205.99 | −0.065% | $395K | $101K | — | as long as short |
| GRVT CBRS_USDT_Perplong | 0.0000% | 8h | 206.12 | long leg | $649 | $220K | 10x | |
| SunX CBRS-USDT | 0.0000% | 8h | 206.39 | +0.130% | $1K | $2.7M | 10x | as long as short |
| Deribit CBRS_USDC-PERPETUAL | 0.0000% | 1h | 206.14 | +0.009% | $12K | $5K | 10x | as long as short |
| HTX CBRS-USDT | 0.0000% | 8h | 206.22 | +0.048% | $9K | $10K | 20x | as long as short |
| QFEX CBRS-USD | +0.0017% | 1h | 206.18 | +0.028% | $1.1M | $3.0M | 10x | as long as short |
| Vest CBRS-USD-PERP | +0.0020% | 1h | 205.92 | −0.098% | — | $107K | 10x | as long as short |
| tradeXYZ xyz:CBRS | +0.0049% | 1h | 205.94 | −0.088% | $42.2M | $4.0M | 10x | as long as short |
| Polymarket Perps CBRS-USD | +0.0050% | 1h | 206.07 | −0.025% | $51K | $471K | 10x | as long as short |
| Ondo Perps CBRS-USD.P | +0.0050% | 1h | 206.16 | +0.019% | $329K | $724K | 10x | as long as short |
| Orderly PERP_CBRS_USDC_mythos | +0.0100% | 8h | 206.21 | +0.043% | $816 | $2K | 10x | as long as short |
| KuCoin CBRSUSDTM | +0.0100% | 8h | 206.08 | −0.020% | $112K | $187K | 20x | as long as short |
| ApeX Omni CBRSUSDT | +0.0100% | 1h | 205.86 | −0.127% | $24K | $138K | 50x | as long as short |
| Aevo CBRS-PERP | +0.0104% | 1h | 206.08 | −0.022% | $239 | — | 10x | as long as short |
| Gate CBRS_USDT | +0.0121% | 8h | 206.40 | +0.135% | $2.9M | $3.1M | 50x | as long as short |
| Coinbase International CBRS-PERP-INTX | +0.0480% | 1h | 210.27 | +2.013% | $115K | $108K | 10x | as long as short |
Variational Omni CBRS
SunX CBRS-USDT
Deribit CBRS_USDC-PERPETUAL
HTX CBRS-USDT
QFEX CBRS-USD
Vest CBRS-USD-PERP
tradeXYZ xyz:CBRS
Polymarket Perps CBRS-USD
Ondo Perps CBRS-USD.P
Orderly PERP_CBRS_USDC_mythos
KuCoin CBRSUSDTM
ApeX Omni CBRSUSDT
Aevo CBRS-PERP
Gate CBRS_USDT
Coinbase International CBRS-PERP-INTX