Funding you earn now, next payment 23:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h −0.026%
Price spread now: GRVT against Lighter+0.106%7-day average +0.031% · you sell dearer than you buy
Net, funding: paid 7d − costs−$56as in the Funding arb table
Net, price: spread back to 7d avg − costs−$21as in the Price arb table
costs, in and out, $10k−$280.281% of the position
Funding, last 7 days−0.280%−$28 on $10k
+Price spread, last 7 days−0.095%−$10 · spread now +0.106%, 7d avg +0.031%
=Together, before fees−0.375%+ Points / potential airdropLighter: Season 3 · GRVT: Active · farm board−$38 on $10k · with fees, hour by hour
The price spread pays, funding is against you. GRVT is 0.074% dearer against Lighter than usual: you sell high and buy low (spread +0.106% now, against its 7-day average of +0.031%): +$7 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 7.8 days. At the pace of the last 7 days (−0.280% in total) that is about 45 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter HOOD | 122.31 | 0.0032 | pay 0.0004% / 1h | 7m 20s | $2.9M | $2.2M | 10x |
| Short | GRVT HOOD_USDT_Perp | 122.44 | 0 | get 0.0000% / 8h | 1h 07m | $857K | $2.0M | 10x |
Funding 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: +0.106% → +0.031%
- $7.45
- Slippage, 4 orders
- −$19.06
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Net
- −$27.34
- Costs to cover
- 0.281%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 5 min ago; GRVT: 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 Lighter live order book, 5 min ago | 1.10 bp | 2.7 bp −$3 | 18.2 bp −$182 | doesn't fit | doesn't fit |
| Sell GRVT live order book, 1 min ago | 0.41 bp | 9.9 bp −$10 | 24.3 bp −$243 | doesn't fit | doesn't fit |
HOOD 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 | |
|---|---|---|---|---|---|---|---|---|
| Polymarket Perps HOOD-USD | −0.0138% | 1h | 122.13 | −0.145% | $268K | $332K | 10x | as long as short |
| Aster HOODUSDT | 0.0000% | 8h | 122.42 | +0.094% | $108K | $263K | 20x | as long as short |
| Bybit HOODUSDT | 0.0000% | 8h | 122.37 | +0.052% | $3.9M | $8.8M | 25x | as long as short |
| OKX HOOD-USDT-SWAP | 0.0000% | 8h | 122.48 | +0.141% | $2.9M | $5.8M | 20x | as long as short |
| RISEx HOOD/USDC | 0.0000% | 1h | 122.35 | +0.035% | $393K | $1.4M | 10x | as long as short |
| Gate HOOD_USDT | 0.0000% | 8h | 122.38 | +0.060% | $568K | $7.9M | 50x | as long as short |
| Bitget HOODUSDT | 0.0000% | 8h | 122.38 | +0.060% | $5.6M | $9.6M | 20x | as long as short |
| Variational Omni HOOD | 0.0000% | 8h | 122.39 | +0.067% | $2.3M | $1.0M | — | as long as short |
| GRVT HOOD_USDT_Perpshort | 0.0000% | 8h | 122.44 | +0.106% | $857K | $2.0M | 10x | |
| Deribit HOOD_USDC-PERPETUAL | 0.0000% | 1h | 122.30 | −0.006% | $8K | $81K | 10x | as long as short |
Show all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phemex HOODUSDT | 0.0000% | 8h | 122.38 | +0.060% | $1.0M | $8K | 10x | as long as short |
| Lighter HOODlong | +0.0032% | 1h | 122.31 | long leg | $2.9M | $2.2M | 10x | |
| Vest HOOD-USD-PERP | +0.0046% | 1h | 122.27 | −0.030% | — | $63K | 25x | as long as short |
| Binance HOODUSDT | +0.0047% | 8h | 122.44 | +0.109% | $22.2M | $87.9M | 20x | as long as short |
| SoDEX HOOD-USD | +0.0050% | 1h | 122.37 | +0.053% | $734 | $4K | 10x | as long as short |
| Ondo Perps HOOD-USD.P | +0.0050% | 1h | 122.36 | +0.043% | $1.2M | $1.6M | 15x | as long as short |
| Extended HOOD_24_5-USD | +0.0056% | 1h | 122.30 | −0.002% | $411K | $1.2M | 10x | as long as short |
| QFEX HOOD-USD | +0.0057% | 1h | 122.34 | +0.027% | $1.3M | $4.1M | 10x | as long as short |
| Coinbase International HOOD-PERP-INTX | +0.0080% | 1h | 122.43 | +0.101% | $198K | $1.9M | 10x | as long as short |
| Pacifica HOOD | +0.0100% | 1h | 122.31 | +0.001% | $70K | $114K | 10x | as long as short |
| KuCoin HOODUSDTM | +0.0100% | 8h | 122.37 | +0.052% | $1.3M | $1.1M | 20x | as long as short |
| ApeX Omni HOODUSDT | +0.0100% | 1h | 122.44 | +0.109% | $5K | $135K | 50x | as long as short |
| Orderly PERP_HOOD_USDC_mythos | +0.0100% | 8h | 122.42 | +0.092% | $2K | $2K | 10x | as long as short |
| Aevo HOOD-PERP | +0.0104% | 1h | 122.31 | +0.006% | $16K | — | 10x | as long as short |
| tradeXYZ xyz:HOOD | +0.0108% | 1h | 122.34 | +0.027% | $52.5M | $29.8M | 10x | as long as short |
| BloFin HOOD-USDT | +0.0180% | 8h | 122.44 | +0.109% | $183K | $123K | 20x | as long as short |
| Arcus HOOD-USD | +0.0187% | 1h | 122.25 | −0.047% | $1.1M | $1.7M | 10x | as long as short |
| Injective HOOD/USDC PERP | +0.0258% | 1h | 123.07 | +0.624% | $63K | $50K | 30x | as long as short |
| Phoenix HOOD | +0.0388% | 1h | 122.44 | +0.109% | $28K | $188K | 10x | as long as short |
| edgeX HOODUSDC | +0.0985% | 4h | 122.43 | +0.097% | $368K | $306K | 10x | as long as short |
Lighter HOOD
GRVT HOOD_USDT_Perp
Polymarket Perps HOOD-USD
Aster HOODUSDT
Bybit HOODUSDT
OKX HOOD-USDT-SWAP
RISEx HOOD/USDC
Gate HOOD_USDT
Bitget HOODUSDT
Variational Omni HOOD
Deribit HOOD_USDC-PERPETUAL
Phemex HOODUSDT
Binance HOODUSDT
SoDEX HOOD-USD
Extended HOOD_24_5-USD
Coinbase International HOOD-PERP-INTX
Pacifica HOOD
KuCoin HOODUSDTM
ApeX Omni HOODUSDT
tradeXYZ xyz:HOOD
BloFin HOOD-USDT
Injective HOOD/USDC PERP
Phoenix HOOD
edgeX HOODUSDC