Funding you earn now, next payment 10:00 UTC+0.0311%/8h= +34.1% APRpaid last 24h +0.038%
Price spread now: GRVT against Lighter−0.056%78s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.141%+$14 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropLighter: Season 3 · GRVT: Active · farm boardneeds both histories
Funding pays, the price is against you. GRVT is 0.056% cheaper against Lighter than usual: you would sell low and buy high (spread −0.056% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$6 on $10k: about 14 hours of funding at the current rate (+$9 a day). At the pace of the last 7 days (+0.141% in total) that is about 2.8 days. The two prices were read 78 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 0.141% in total (about 7.4% 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 | Lighter IBM | 232.90 | 0.0080 | pay 0.0010% / 1h | 58m 03s | $38K | $45K | 10x |
| Short | GRVT IBM_USDT_Perp | 232.77 | 0.0391 | get 0.0391% / 8h | 6h 58m | $573 | $164K | 10x |
Lighter IBM
GRVT IBM_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
- $65.31
- Price spread: −0.056% → 0.000%
- −$5.58
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Net
- $50.73
- Costs to cover
- 0.090%
- Break-even
- 1.6 days
Slippage unknown: Lighter: no order-book sample; GRVT: live order book, 30 min ago. 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 Lighter no order-book sample | — | — | — | — | — |
| Sell GRVT live order book, 30 min ago | 1.51 bp | 29.6 bp −$30 | doesn't fit | doesn't fit | doesn't fit |
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 | |
|---|---|---|---|---|---|---|---|---|
| tradeXYZ xyz:IBM | −0.0144% | 1h | 232.50 | −0.172% | $1.8M | $773K | 10x | as long as short |
| BloFin IBM-USDT | −0.0003% | 8h | 232.67 | −0.099% | $47K | $61K | 20x | as long as short |
| Aster IBMUSDT | 0.0000% | 8h | 232.59 | −0.134% | $13K | $127K | 20x | as long as short |
| Extended IBM-USD | 0.0000% | 1h | 232.72 | −0.076% | $54K | $313K | 10x | as long as short |
| Binance IBMUSDT | 0.0000% | 8h | 232.79 | −0.048% | $3.8M | $4.8M | 20x | as long as short |
| Bybit IBMUSDT | 0.0000% | 8h | 232.65 | −0.107% | $995K | $319K | 50x | as long as short |
| OKX IBM-USDT-SWAP | 0.0000% | 8h | 232.69 | −0.090% | $1.4M | $1.1M | 20x | as long as short |
| Gate IBM_USDT | 0.0000% | 8h | 232.77 | −0.056% | $743K | $1.4M | 50x | as long as short |
| Bitget IBMUSDT | 0.0000% | 8h | 232.73 | −0.073% | $782K | $293K | 20x | as long as short |
| Variational Omni IBM | 0.0000% | 8h | 232.69 | −0.091% | $258K | $15K | — | as long as short |
tradeXYZ xyz:IBM
BloFin IBM-USDT
Aster IBMUSDT
Extended IBM-USD
Binance IBMUSDT
Bybit IBMUSDT
OKX IBM-USDT-SWAP
Gate IBM_USDT
Bitget IBMUSDT
Variational Omni IBMShow all 18 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX IBM-USDT | 0.0000% | 8h | 232.43 | −0.202% | $904 | $421K | 10x | as long as short |
| HTX IBM-USDT | 0.0000% | 8h | 232.79 | −0.047% | $6K | $33K | 20x | as long as short |
| QFEX IBM-USD | +0.0015% | 1h | 232.69 | −0.090% | $1.2M | $2.0M | 10x | as long as short |
| Injective IBM/USDC PERP | +0.0033% | 1h | 201.05 | −13.675% | — | $57 | 12x | as long as short |
| Vest IBM-USD-PERP | +0.0046% | 1h | 232.57 | −0.142% | — | — | 25x | as long as short |
| Lighter IBMlong | +0.0080% | 1h | 232.90 | long leg | $38K | $45K | 10x | |
| KuCoin IBMUSDTM | +0.0100% | 8h | 232.66 | −0.103% | $195K | $115K | 20x | as long as short |
| GRVT IBM_USDT_Perpshort | +0.0391% | 8h | 232.77 | −0.056% | $573 | $164K | 10x |
SunX IBM-USDT
HTX IBM-USDT
QFEX IBM-USD
Injective IBM/USDC PERP
Vest IBM-USD-PERP
KuCoin IBMUSDTM