Funding you earn now, next payment 11:00 UTC+0.0056%/8h= +6.1% APRpaid last 24h +0.025%
Price spread now: Lighter against GRVT−0.062%78s7-day average −0.076% · you buy dearer than you sell
Net, funding: paid 7d − costs−$21as 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−$270.271% of the position
Funding, last 7 days+0.065%+$6 on $10k
+Price spread, last 7 days+0.109%+$11 · spread now −0.062%, 7d avg −0.076%
=Together, before fees+0.174%+ Points / potential airdropGRVT: Active · Lighter: Season 3 · farm board+$17 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.076%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate. The two prices were read 78 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GRVT COIN_USDT_Perp | 198.77 | 0 | get 0.0000% / 8h | 5h 56m | $11K | $3.2M | 10x |
| Short | Lighter COIN | 198.65 | 0.0056 | get 0.0007% / 1h | 56m 19s | $347K | $1.9M | 10x |
GRVT COIN_USDT_Perp
Lighter COINFunding 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
- $11.76
- Price spread: −0.062% → −0.076%
- $1.45
- Slippage, 4 orders
- −$18.07
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$13.86
- Costs to cover
- 0.271%
- Break-even
- 15.2 days
Slippage from GRVT: live order book, 5 min ago; Lighter: live order book, 3 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, 5 min ago | 1.26 bp | 10.7 bp −$11 | 28.7 bp −$287 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 3 min ago | 0.75 bp | 2.0 bp −$2 | 2.6 bp −$26 | doesn't fit | doesn't fit |
COIN on 26 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| Injective COIN/USDC PERP | −0.0440% | 1h | 197.52 | −0.628% | $17K | $224K | 30x | as long as short |
| Aster COINUSDT | 0.0000% | 8h | 198.65 | −0.057% | $346K | $868K | 20x | as long as short |
| Extended COIN_24_5-USD | 0.0000% | 1h | 198.68 | −0.042% | $106K | $855K | 10x | as long as short |
| Binance COINUSDT | 0.0000% | 8h | 198.75 | −0.009% | $14.6M | $75.9M | 20x | as long as short |
| Bybit COINUSDT | 0.0000% | 8h | 198.78 | +0.006% | $4.7M | $5.5M | 50x | as long as short |
| OKX COIN-USDT-SWAP | 0.0000% | 8h | 198.77 | +0.001% | $3.1M | $4.4M | 20x | as long as short |
| Gate COIN_USDT | 0.0000% | 8h | 198.82 | +0.026% | $1.2M | $6.4M | 50x | as long as short |
| Bitget COINUSDT | 0.0000% | 8h | 198.82 | +0.026% | $6.4M | $9.5M | 20x | as long as short |
| Variational Omni COIN | 0.0000% | 8h | 198.45 | −0.158% | $769K | $921K | — | as long as short |
| GRVT COIN_USDT_Perplong | 0.0000% | 8h | 198.77 | long leg | $11K | $3.2M | 10x |
Injective COIN/USDC PERP
Aster COINUSDT
Extended COIN_24_5-USD
Binance COINUSDT
Bybit COINUSDT
OKX COIN-USDT-SWAP
Gate COIN_USDT
Bitget COINUSDT
Variational Omni COINShow all 26 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| QFEX COIN-USD | +0.0032% | 1h | 198.67 | −0.049% | $1.3M | $2.6M | 10x | as long as short |
| Lighter RH COIN | +0.0032% | 1h | 198.74 | −0.014% | $483K | $1.1M | 10x | as long as short |
| Arcus COIN-USD | +0.0040% | 1h | 198.78 | +0.006% | $17K | $28K | 5x | as long as short |
| Vest COIN-USD-PERP | +0.0046% | 1h | 198.63 | −0.069% | — | $288K | 25x | as long as short |
| tradeXYZ xyz:COIN | +0.0050% | 1h | 198.65 | −0.059% | $14.8M | $11.6M | 10x | as long as short |
| Polymarket Perps COIN-USD | +0.0050% | 1h | 198.61 | −0.079% | $136K | $1.2M | 10x | as long as short |
| SoDEX COIN-USD | +0.0050% | 1h | 198.69 | −0.039% | $93 | $3K | 10x | as long as short |
| Ondo Perps COIN-USD.P | +0.0050% | 1h | 198.43 | −0.170% | $333K | $2.1M | 10x | as long as short |
| Lighter COINshort | +0.0056% | 1h | 198.65 | −0.062% | $347K | $1.9M | 10x | |
| KuCoin COINUSDTM | +0.0100% | 8h | 198.70 | −0.034% | $937K | $247K | 20x | as long as short |
| ApeX Omni COINUSDT | +0.0100% | 1h | 198.44 | −0.165% | $89K | $272K | 50x | as long as short |
| Orderly PERP_COIN_USDC_mythos | +0.0100% | 8h | 198.69 | −0.039% | $575 | $4K | 10x | as long as short |
| Aevo COIN-PERP | +0.0104% | 1h | 198.68 | −0.043% | $117 | — | 10x | as long as short |
| BloFin COIN-USDT | +0.0120% | 8h | 198.77 | +0.001% | $193K | $492K | 20x | as long as short |
| Phoenix COIN | +0.0121% | 1h | 198.71 | −0.029% | $5K | $256K | 10x | as long as short |
| edgeX COINUSDC | +0.0220% | 4h | 198.42 | −0.175% | $51K | $295K | 10x | as long as short |
QFEX COIN-USD
Lighter RH COIN
Arcus COIN-USD
Vest COIN-USD-PERP
tradeXYZ xyz:COIN
Polymarket Perps COIN-USD
SoDEX COIN-USD
Ondo Perps COIN-USD.P
KuCoin COINUSDTM
ApeX Omni COINUSDT
Orderly PERP_COIN_USDC_mythos
Aevo COIN-PERP
BloFin COIN-USDT
Phoenix COIN
edgeX COINUSDC