Funding you earn now, next payment 10:00 UTC−0.0510%/8h= −55.8% APRpaid last 24h −0.034%
Price spread now: Lighter against GRVT+0.024%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+0.016%+$2 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 pays, funding is against you. Lighter is 0.024% dearer against GRVT than usual: you sell high and buy low (spread +0.024% now, against zero (this spread has no 7-day history yet)): +$2 on $10k if it goes back. Holding the pair costs −$15 a day in funding at the current rate, which eats that in about 4 hours. 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 0.016% in total (about 0.8% 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 IWM_USDT_Perp | 286.36 | 0.0542 | pay 0.0542% / 8h | 6h 58m | $988 | $104K | 10x |
| Short | Lighter IWM | 286.43 | 0.0032 | get 0.0004% / 1h | 58m 41s | $75K | $19K | 10x |
GRVT IWM_USDT_Perp
Lighter IWMFunding 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
- −$107.1
- Price spread: +0.024% → 0.000%
- $2.44
- Slippage, 4 orders
- no order book: not counted
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$113.66
- Costs to cover
- 0.090%
- Break-even
- never at this rate
Slippage unknown: GRVT: live order book, 29 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, 29 min ago | 1.58 bp | 27.2 bp −$27 | 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.
IWM on 17 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 IWMUSDT | 0.0000% | 8h | 286.13 | −0.079% | $2K | $221 | 20x | as long as short |
| Bybit IWMUSDT | 0.0000% | 8h | 285.99 | −0.129% | $568K | $73K | 25x | as long as short |
| OKX IWM-USDT-SWAP | 0.0000% | 8h | 285.68 | −0.237% | $440K | $180K | 20x | as long as short |
| Gate IWM_USDT | 0.0000% | 8h | 286.22 | −0.049% | $602K | $162K | 20x | as long as short |
| Bitget IWMUSDT | 0.0000% | 8h | 286.00 | −0.126% | $442K | $16K | 20x | as long as short |
| Variational Omni IWM | 0.0000% | 8h | 286.33 | −0.010% | $170K | $217K | — | as long as short |
| SunX IWM-USDT | 0.0000% | 8h | 286.24 | −0.042% | $905 | $468K | 10x | as long as short |
| HTX IWM-USDT | 0.0000% | 8h | 286.15 | −0.073% | $544 | $38K | 20x | as long as short |
| Phemex IWMUSDT | 0.0000% | 8h | 286.32 | −0.014% | $769K | $87K | 10x | as long as short |
| Lighter IWMshort | +0.0032% | 1h | 286.43 | +0.024% | $75K | $19K | 10x |
Aster IWMUSDT
Bybit IWMUSDT
OKX IWM-USDT-SWAP
Gate IWM_USDT
Bitget IWMUSDT
Variational Omni IWM
SunX IWM-USDT
HTX IWM-USDT
Phemex IWMUSDTShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Vest IWM-USD-PERP | +0.0046% | 1h | 286.06 | −0.105% | — | $1K | 25x | as long as short |
| KuCoin IWMUSDTM | +0.0100% | 8h | 286.09 | −0.094% | $167K | $967K | 20x | as long as short |
| Binance IWMUSDT | +0.0118% | 8h | 286.05 | −0.109% | $1.1M | $1.2M | 20x | as long as short |
| MEXC IWM_USDT | +0.0119% | 8h | 286.09 | −0.094% | $884K | $83K | 50x | as long as short |
| BloFin IWM-USDT | +0.0125% | 8h | 286.32 | −0.014% | $67K | $34K | 20x | as long as short |
| Markets by Kinetiq mkts:SMALL2000 | +0.0134% | 1h | 285.96 | −0.140% | $526K | $381K | 20x | as long as short |
| GRVT IWM_USDT_Perplong | +0.0542% | 8h | 286.36 | long leg | $988 | $104K | 10x |
Vest IWM-USD-PERP
KuCoin IWMUSDTM
Binance IWMUSDT
MEXC IWM_USDT
BloFin IWM-USDT
Markets by Kinetiq mkts:SMALL2000