Funding you earn now, next payment 11:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h +0.009%
Price spread now: Lighter RH against GRVT+0.075%7-day average −0.062% · you sell dearer than you buy
Net, funding: paid 7d − costs−$24as in the Funding arb table
Net, price: spread back to 7d avg − costs−$14as in the Price arb table
costs, in and out, $10k−$280.277% of the position
Funding, last 7 days+0.034%+$3 on $10k
+Price spread, last 7 days−0.001%$0 · spread now +0.075%, 7d avg −0.062%
=Together, before fees+0.033%+ Points / potential airdropGRVT: Active · Lighter RH: Points live · farm board+$3 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 0.136% dearer against GRVT than usual: you sell high and buy low: +$14 more if the spread goes back to its 7-day average of −0.062%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GRVT COIN_USDT_Perp | 198.07 | 0 | get 0.0000% / 8h | 5h 07m | $11K | $3.3M | 10x |
| Short | Lighter RH COIN | 198.22 | 0.0032 | get 0.0004% / 1h | 7m 08s | $484K | $1.1M | 10x |
GRVT COIN_USDT_Perp
Lighter RH COINFunding 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: +0.075% → −0.062%
- $13.64
- Slippage, 4 orders
- −$18.68
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- −$7.32
- Costs to cover
- 0.277%
- Break-even
- 14.6 days
Slippage from GRVT: live order book, 5 min ago; Lighter RH: live order book, 4 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 | 1.51 bp | 9.7 bp −$10 | 17.1 bp −$171 | doesn't fit | doesn't fit |
| Sell Lighter RH live order book, 4 min ago | 2.53 bp | 4.1 bp −$4 | 8.6 bp −$86 | 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 | 197.34 | −0.370% | $17K | $224K | 30x | as long as short |
| Aster COINUSDT | 0.0000% | 8h | 198.16 | +0.043% | $345K | $868K | 20x | as long as short |
| Extended COIN_24_5-USD | 0.0000% | 1h | 198.23 | +0.077% | $106K | $852K | 10x | as long as short |
| Binance COINUSDT | 0.0000% | 8h | 198.32 | +0.123% | $14.6M | $74.7M | 20x | as long as short |
| Bybit COINUSDT | 0.0000% | 8h | 198.35 | +0.140% | $4.7M | $5.3M | 50x | as long as short |
| OKX COIN-USDT-SWAP | 0.0000% | 8h | 198.32 | +0.125% | $3.1M | $4.2M | 20x | as long as short |
| Gate COIN_USDT | 0.0000% | 8h | 198.32 | +0.125% | $1.2M | $6.5M | 50x | as long as short |
| Bitget COINUSDT | 0.0000% | 8h | 198.35 | +0.140% | $6.4M | $9.5M | 20x | as long as short |
| Variational Omni COIN | 0.0000% | 8h | 197.98 | −0.048% | $782K | $909K | — | as long as short |
| GRVT COIN_USDT_Perplong | 0.0000% | 8h | 198.07 | long leg | $11K | $3.3M | 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 | 198.25 | +0.090% | $1.3M | $2.5M | 10x | as long as short |
| Lighter COIN | +0.0032% | 1h | 198.21 | +0.071% | $343K | $1.9M | 10x | as long as short |
| Lighter RH COINshort | +0.0032% | 1h | 198.22 | +0.075% | $484K | $1.1M | 10x | |
| Arcus COIN-USD | +0.0040% | 1h | 198.31 | +0.120% | $20K | $31K | 5x | as long as short |
| Vest COIN-USD-PERP | +0.0046% | 1h | 198.06 | −0.006% | — | $277K | 25x | as long as short |
| tradeXYZ xyz:COIN | +0.0050% | 1h | 198.19 | +0.059% | $14.6M | $11.1M | 10x | as long as short |
| Polymarket Perps COIN-USD | +0.0050% | 1h | 198.09 | +0.009% | $120K | $1.2M | 10x | as long as short |
| SoDEX COIN-USD | +0.0050% | 1h | 198.25 | +0.090% | $93 | $3K | 10x | as long as short |
| Ondo Perps COIN-USD.P | +0.0050% | 1h | 198.05 | −0.011% | $323K | $2.1M | 10x | as long as short |
| Phoenix COIN | +0.0081% | 1h | 198.18 | +0.054% | $5K | $256K | 10x | as long as short |
| KuCoin COINUSDTM | +0.0100% | 8h | 198.10 | +0.014% | $934K | $246K | 20x | as long as short |
| ApeX Omni COINUSDT | +0.0100% | 1h | 197.91 | −0.082% | $89K | $272K | 50x | as long as short |
| Orderly PERP_COIN_USDC_mythos | +0.0100% | 8h | 198.22 | +0.075% | $573 | $4K | 10x | as long as short |
| Aevo COIN-PERP | +0.0104% | 1h | 198.26 | +0.093% | $117 | — | 10x | as long as short |
| BloFin COIN-USDT | +0.0120% | 8h | 198.33 | +0.130% | $195K | $480K | 20x | as long as short |
| edgeX COINUSDC | +0.0178% | 4h | 198.00 | −0.036% | $51K | $293K | 10x | as long as short |
QFEX COIN-USD
Lighter COIN
Arcus COIN-USD
Vest COIN-USD-PERP
tradeXYZ xyz:COIN
Polymarket Perps COIN-USD
SoDEX COIN-USD
Ondo Perps COIN-USD.P
Phoenix COIN
KuCoin COINUSDTM
ApeX Omni COINUSDT
Orderly PERP_COIN_USDC_mythos
Aevo COIN-PERP
BloFin COIN-USDT
edgeX COINUSDC