Funding you earn now, next payment 02:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h +0.056%
Price spread now: GRVT against Lighter+0.286%7-day average +0.054% · you sell dearer than you buy
Net, funding: paid 7d − costs−$17as in the Funding arb table
Net, price: spread back to 7d avg − costs−$1as 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)−0.081%−$8 · spread now +0.286%, 7d avg +0.054%
=Together, before fees−0.009%+ Points / potential airdropLighter: Season 3 · GRVT: Active · farm board−$1 on $10k · with fees, hour by hour
The price spread pays, funding is against you. GRVT is 0.232% dearer against Lighter than usual: you sell high and buy low (spread +0.286% now, against its 7-day average of +0.054%): +$23 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 24 days. Mind the row above: over the last 7 days funding on this pair paid +0.072%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter EWY | 189.85 | 0.0032 | pay 0.0004% / 1h | 44m 49s | $385K | $37K | 20x |
| Short | GRVT EWY_USDT_Perp | 190.39 | 0 | get 0.0000% / 8h | 6h 44m | $753K | $384K | 10x |
Lighter EWY
GRVT EWY_USDT_PerpFunding history
latest
Range statsloading…
Price spread between the two exchanges
GRVT against Lighter. 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%
- $23.23
- Slippage, 4 orders
- −$15.03
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Net
- −$7.52
- Costs to cover
- 0.240%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 15 min ago; GRVT: live order book, 23 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 live order book, 15 min ago | 3.15 bp | 7.2 bp −$7 | 19.9 bp −$199 | 58.8 bp −$5,876 | doesn't fit |
| Sell GRVT live order book, 23 min ago | 1.05 bp | 5.5 bp −$6 | 11.4 bp −$114 | doesn't fit | 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 | +0.111% | $28K | $12K | 20x | as long as short |
| Bybit EWYUSDT | 0.0000% | 8h | 190.06 | +0.111% | $5.2M | $4.4M | 100x | as long as short |
| Gate EWY_USDT | 0.0000% | 8h | 189.97 | +0.063% | $4.0M | $3.5M | 50x | as long as short |
| GRVT EWY_USDT_Perpshort | 0.0000% | 8h | 190.39 | +0.286% | $753K | $384K | 10x | |
| SunX EWY-USDT | 0.0000% | 8h | 190.13 | +0.147% | — | $2.6M | 20x | as long as short |
| Deribit EWY_USDC-PERPETUAL | 0.0000% | 1h | 189.94 | +0.047% | $2K | $13K | 20x | as long as short |
| HTX EWY-USDT | 0.0000% | 8h | 190.48 | +0.332% | $22K | $37K | 20x | as long as short |
| Phemex EWYUSDT | 0.0000% | 8h | 189.98 | +0.068% | $1.7M | $37K | 10x | as long as short |
| Lighter EWYlong | +0.0032% | 1h | 189.85 | long leg | $385K | $37K | 20x | |
| Vest EWY-USD-PERP | +0.0046% | 1h | 190.25 | +0.211% | — | $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 | +0.126% | $197K | $142K | 20x | as long as short |
| Coinbase International EWY-PERP-INTX | +0.0048% | 1h | 190.28 | +0.226% | $531K | $339K | 20x | as long as short |
| tradeXYZ xyz:EWY | +0.0050% | 1h | 189.92 | +0.037% | $6.2M | $14.1M | 20x | as long as short |
| Entropy io:EWY | +0.0050% | 1h | 190.14 | +0.153% | $52K | $57K | 25x | as long as short |
| Polymarket Perps EWY-USD | +0.0050% | 1h | 189.86 | +0.005% | $4K | $126 | 20x | as long as short |
| SoDEX EWY-USD | +0.0050% | 1h | 190.00 | +0.079% | $595 | $4K | 10x | as long as short |
| Ondo Perps EWY-USD.P | +0.0050% | 1h | 189.91 | +0.032% | $230K | $234K | 10x | as long as short |
| Paradex EWY-USD-PERP | +0.0063% | 8h | 190.13 | +0.145% | $23 | — | 5x | as long as short |
| KuCoin EWYUSDTM | +0.0100% | 8h | 189.99 | +0.074% | $979K | $635K | 20x | as long as short |
| ApeX Omni EWYUSDT | +0.0100% | 1h | 190.15 | +0.158% | $13K | $263K | 50x | as long as short |
| Orderly PERP_EWY_USDC_mythos | +0.0100% | 8h | 190.00 | +0.079% | $2K | $1K | 20x | as long as short |
| OKX EWY-USDT-SWAP | +0.0235% | 8h | 190.01 | +0.084% | $4.2M | $3.4M | 50x | as long as short |
| Bitget EWYUSDT | +0.0387% | 8h | 190.03 | +0.095% | $2.8M | $1.6M | 20x | as long as short |
| Aster EWYUSDT | +0.0427% | 8h | 190.02 | +0.088% | $295K | $12K | 20x | as long as short |
| Variational Omni EWY | +0.0518% | 8h | 190.19 | +0.177% | $1.2M | $1.1M | — | as long as short |
| Binance EWYUSDT | +0.0541% | 8h | 189.98 | +0.070% | $28.4M | $77.0M | 50x | as long as short |
| MEXC EWY_USDT | +0.0542% | 8h | 190.00 | +0.079% | $7.0M | $4.1M | 100x | as long as short |
| Extended EWY_24_5-USD | +0.0544% | 1h | 189.95 | +0.053% | $304K | $670K | 10x | as long as short |
| BloFin EWY-USDT | +0.0565% | 8h | 190.43 | +0.306% | $2K | $214K | 50x | as long as short |
| edgeX EWYUSDC | +0.0976% | 4h | 190.18 | +0.173% | $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