Funding you earn now, next payment 00:00 UTC−0.0373%/8h= −40.8% APRpaid last 24h +0.014%
Price spread now: Lighter against GRVT+0.005%48s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.059%−$6 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropGRVT: Active · Lighter: Season 3 · farm boardneeds both histories
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$11 a day on $10k at the current rate. The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.059% in total (about -3.1% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GRVT IBM_USDT_Perp | 231.53 | 0.0405 | pay 0.0405% / 8h | 24m 41s | $702 | $170K | 10x |
| Short | Lighter IBM | 231.54 | 0.0032 | get 0.0004% / 1h | 24m 41s | $38K | $47K | 10x |
GRVT IBM_USDT_Perp
Lighter IBMFunding 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
- −$78.33
- Price spread: +0.005% → 0.000%
- $0.5
- Slippage, 4 orders
- no order book: not counted
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$86.83
- Costs to cover
- 0.090%
- Break-even
- never at this rate
Slippage unknown: GRVT: live order book, 52 min ago; Lighter: no order-book sample. Net counts fees only.
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, 52 min ago | 1.51 bp | 17.0 bp −$17 | doesn't fit | doesn't fit | doesn't fit |
| Sell Lighter no order-book sample | — | — | — | — | — |
Lighter: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
IBM on 18 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster IBMUSDT | 0.0000% | 8h | 231.90 | +0.161% | $13K | $127K | 20x | as long as short |
| Bybit IBMUSDT | 0.0000% | 8h | 231.38 | −0.064% | $976K | $376K | 50x | as long as short |
| OKX IBM-USDT-SWAP | 0.0000% | 8h | 231.58 | +0.022% | $1.4M | $1.2M | 20x | as long as short |
| Gate IBM_USDT | 0.0000% | 8h | 231.52 | −0.004% | $797K | $1.5M | 50x | as long as short |
| Bitget IBMUSDT | 0.0000% | 8h | 231.52 | −0.004% | $798K | $405K | 20x | as long as short |
| Variational Omni IBM | 0.0000% | 8h | 231.55 | +0.011% | $256K | $15K | — | as long as short |
| SunX IBM-USDT | 0.0000% | 8h | 231.31 | −0.094% | $796 | $534K | 10x | as long as short |
| HTX IBM-USDT | 0.0000% | 8h | 231.78 | +0.109% | $5K | $33K | 20x | as long as short |
| QFEX IBM-USD | +0.0031% | 1h | 231.48 | −0.021% | $1.2M | $3.3M | 10x | as long as short |
| Lighter IBMshort | +0.0032% | 1h | 231.54 | +0.005% | $38K | $47K | 10x |
Aster IBMUSDT
Bybit IBMUSDT
OKX IBM-USDT-SWAP
Gate IBM_USDT
Bitget IBMUSDT
Variational Omni IBM
SunX IBM-USDT
HTX IBM-USDT
QFEX IBM-USDShow all 18 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Injective IBM/USDC PERP | +0.0033% | 1h | 201.05 | −13.164% | — | $57 | 12x | as long as short |
| Vest IBM-USD-PERP | +0.0046% | 1h | 231.49 | −0.017% | — | — | 25x | as long as short |
| tradeXYZ xyz:IBM | +0.0050% | 1h | 231.35 | −0.077% | $2.0M | $808K | 10x | as long as short |
| KuCoin IBMUSDTM | +0.0100% | 8h | 231.34 | −0.081% | $194K | $34K | 20x | as long as short |
| BloFin IBM-USDT | +0.0151% | 8h | 231.67 | +0.061% | $46K | $52K | 20x | as long as short |
| Binance IBMUSDT | +0.0158% | 8h | 231.56 | +0.014% | $3.9M | $5.8M | 20x | as long as short |
| Extended IBM-USD | +0.0160% | 1h | 231.51 | −0.007% | $54K | $202K | 10x | as long as short |
| GRVT IBM_USDT_Perplong | +0.0405% | 8h | 231.53 | long leg | $702 | $170K | 10x |
Injective IBM/USDC PERP
Vest IBM-USD-PERP
tradeXYZ xyz:IBM
KuCoin IBMUSDTM
BloFin IBM-USDT
Binance IBMUSDT
Extended IBM-USD