Funding you earn now, next payment 02:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h −0.056%
Price spread now: Lighter against GRVT−0.286%7-day average −0.054% · you buy dearer than you sell
Net, funding: paid 7d − costs−$31as in the Funding arb table
Net, price: spread back to 7d avg − costs−$47as in the Price arb table
costs, in and out, $10k−$240.240% of the position
Funding, last 7 days−0.072%−$7 on $10k
+Price spread, last 4 days (all we have)+0.080%+$8 · spread now −0.286%, 7d avg −0.054%
=Together, before fees+0.008%+ Points / potential airdropGRVT: Active · Lighter: Season 3 · farm board+$1 on $10k · with fees, hour by hour
Funding pays, the price is against you. Lighter is 0.231% cheaper against GRVT than usual: you would sell low and buy high (spread −0.286% now, against its 7-day average of −0.054%). If the spread goes back, that is −$23 on $10k: about 24 days of funding at the current rate (+$1 a day). Mind the row above: over the last 7 days funding on this pair cost −0.072%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GRVT EWY_USDT_Perp | 190.39 | 0 | get 0.0000% / 8h | 6h 45m | $753K | $384K | 10x |
| Short | Lighter EWY | 189.85 | 0.0032 | get 0.0004% / 1h | 45m 04s | $385K | $37K | 20x |
GRVT EWY_USDT_Perp
Lighter EWYFunding 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
- $6.72
- Price spread: −0.286% → −0.054%
- −$23.14
- Slippage, 4 orders
- −$15.03
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$40.45
- Costs to cover
- 0.240%
- Break-even
- 49.1 days
Slippage from GRVT: live order book, 23 min ago; Lighter: live order book, 15 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, 23 min ago | 1.05 bp | 8.2 bp −$8 | 11.9 bp −$119 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 15 min ago | 3.15 bp | 3.2 bp −$3 | 9.7 bp −$97 | 42.8 bp −$4,281 | doesn't fit |
EWY on 30 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 | |
|---|---|---|---|---|---|---|---|---|
| Hotstuff EWY-PERP | −0.0024% | 1h | 190.06 | −0.175% | $28K | $12K | 20x | as long as short |
| Bybit EWYUSDT | 0.0000% | 8h | 190.06 | −0.175% | $5.2M | $4.4M | 100x | as long as short |
| Gate EWY_USDT | 0.0000% | 8h | 190.01 | −0.202% | $4.0M | $3.5M | 50x | as long as short |
| GRVT EWY_USDT_Perplong | 0.0000% | 8h | 190.39 | long leg | $753K | $384K | 10x | |
| SunX EWY-USDT | 0.0000% | 8h | 190.13 | −0.139% | — | $2.6M | 20x | as long as short |
| Deribit EWY_USDC-PERPETUAL | 0.0000% | 1h | 189.94 | −0.238% | $2K | $13K | 20x | as long as short |
| HTX EWY-USDT | 0.0000% | 8h | 190.48 | +0.045% | $22K | $37K | 20x | as long as short |
| Phemex EWYUSDT | 0.0000% | 8h | 189.98 | −0.217% | $1.7M | $37K | 10x | as long as short |
| Lighter EWYshort | +0.0032% | 1h | 189.85 | −0.286% | $385K | $37K | 20x | |
| Vest EWY-USD-PERP | +0.0046% | 1h | 190.25 | −0.075% | — | $220K | 25x | as long as short |
Hotstuff EWY-PERP
Bybit EWYUSDT
Gate EWY_USDT
SunX EWY-USDT
Deribit EWY_USDC-PERPETUAL
HTX EWY-USDT
Phemex EWYUSDT
Vest EWY-USD-PERPShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Popdex EWYUSDT | +0.0048% | 1h | 190.09 | −0.160% | $197K | $142K | 20x | as long as short |
| Coinbase International EWY-PERP-INTX | +0.0048% | 1h | 190.28 | −0.060% | $531K | $339K | 20x | as long as short |
| tradeXYZ xyz:EWY | +0.0050% | 1h | 189.92 | −0.249% | $6.2M | $14.1M | 20x | as long as short |
| Entropy io:EWY | +0.0050% | 1h | 190.14 | −0.133% | $52K | $57K | 25x | as long as short |
| Polymarket Perps EWY-USD | +0.0050% | 1h | 189.86 | −0.280% | $4K | $126 | 20x | as long as short |
| SoDEX EWY-USD | +0.0050% | 1h | 190.00 | −0.207% | $595 | $4K | 10x | as long as short |
| Ondo Perps EWY-USD.P | +0.0050% | 1h | 189.91 | −0.254% | $230K | $234K | 10x | as long as short |
| Paradex EWY-USD-PERP | +0.0063% | 8h | 190.13 | −0.141% | $23 | — | 5x | as long as short |
| KuCoin EWYUSDTM | +0.0100% | 8h | 190.00 | −0.207% | $979K | $635K | 20x | as long as short |
| ApeX Omni EWYUSDT | +0.0100% | 1h | 190.15 | −0.128% | $13K | $263K | 50x | as long as short |
| Orderly PERP_EWY_USDC_mythos | +0.0100% | 8h | 190.00 | −0.207% | $2K | $1K | 20x | as long as short |
| OKX EWY-USDT-SWAP | +0.0235% | 8h | 190.03 | −0.191% | $4.2M | $3.4M | 50x | as long as short |
| Bitget EWYUSDT | +0.0387% | 8h | 190.03 | −0.191% | $2.8M | $1.6M | 20x | as long as short |
| Aster EWYUSDT | +0.0427% | 8h | 190.03 | −0.193% | $295K | $12K | 20x | as long as short |
| Variational Omni EWY | +0.0518% | 8h | 190.19 | −0.109% | $1.2M | $1.1M | — | as long as short |
| Binance EWYUSDT | +0.0541% | 8h | 190.00 | −0.207% | $28.4M | $77.0M | 50x | as long as short |
| MEXC EWY_USDT | +0.0542% | 8h | 189.99 | −0.212% | $7.0M | $4.1M | 100x | as long as short |
| Extended EWY_24_5-USD | +0.0544% | 1h | 189.96 | −0.229% | $304K | $670K | 10x | as long as short |
| BloFin EWY-USDT | +0.0565% | 8h | 190.43 | +0.019% | $2K | $214K | 50x | as long as short |
| edgeX EWYUSDC | +0.0976% | 4h | 190.18 | −0.113% | $426K | $283K | 20x | as long as short |
Popdex EWYUSDT
Coinbase International EWY-PERP-INTX
tradeXYZ xyz:EWY
Entropy io:EWY
Polymarket Perps EWY-USD
SoDEX EWY-USD
Ondo Perps EWY-USD.P
Paradex EWY-USD-PERP
KuCoin EWYUSDTM
ApeX Omni EWYUSDT
Orderly PERP_EWY_USDC_mythos
OKX EWY-USDT-SWAP
Bitget EWYUSDT
Aster EWYUSDT
Variational Omni EWY
Binance EWYUSDT
MEXC EWY_USDT
Extended EWY_24_5-USD
BloFin EWY-USDT
edgeX EWYUSDC