Funding you earn now, next payment 10:00 UTC+0.0510%/8h= +55.8% APRpaid last 24h +0.034%
Price spread now: GRVT against Lighter−0.024%48s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.016%−$2 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 0.024% cheaper against Lighter than usual: you would sell low and buy high (spread −0.024% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$2 on $10k: about 4 hours of funding at the current rate (+$15 a day). 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 | Lighter IWM | 286.43 | 0.0032 | pay 0.0004% / 1h | 58m 31s | $75K | $19K | 10x |
| Short | GRVT IWM_USDT_Perp | 286.36 | 0.0542 | get 0.0542% / 8h | 6h 58m | $988 | $104K | 10x |
Lighter IWM
GRVT IWM_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
- $107.1
- Price spread: −0.024% → 0.000%
- −$2.44
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Net
- $95.66
- Costs to cover
- 0.090%
- Break-even
- 0.7 days
Slippage unknown: Lighter: no order-book sample; GRVT: live order book, 29 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, 29 min ago | 1.58 bp | doesn't fit | 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.
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 | 286.11 | −0.111% | $2K | $221 | 20x | as long as short |
| Bybit IWMUSDT | 0.0000% | 8h | 285.96 | −0.164% | $568K | $73K | 25x | as long as short |
| OKX IWM-USDT-SWAP | 0.0000% | 8h | 285.68 | −0.262% | $439K | $180K | 20x | as long as short |
| Gate IWM_USDT | 0.0000% | 8h | 286.16 | −0.094% | $602K | $162K | 20x | as long as short |
| Bitget IWMUSDT | 0.0000% | 8h | 286.00 | −0.150% | $442K | $16K | 20x | as long as short |
| Variational Omni IWM | 0.0000% | 8h | 286.33 | −0.034% | $170K | $217K | — | as long as short |
| SunX IWM-USDT | 0.0000% | 8h | 286.24 | −0.066% | $905 | $468K | 10x | as long as short |
| HTX IWM-USDT | 0.0000% | 8h | 286.15 | −0.098% | $544 | $38K | 20x | as long as short |
| Phemex IWMUSDT | 0.0000% | 8h | 286.32 | −0.038% | $769K | $87K | 10x | as long as short |
| Lighter IWMlong | +0.0032% | 1h | 286.43 | long leg | $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 | 285.92 | −0.178% | — | $1K | 25x | as long as short |
| KuCoin IWMUSDTM | +0.0100% | 8h | 286.05 | −0.133% | $167K | $982K | 20x | as long as short |
| Binance IWMUSDT | +0.0118% | 8h | 286.14 | −0.101% | $1.1M | $1.2M | 20x | as long as short |
| MEXC IWM_USDT | +0.0119% | 8h | 286.09 | −0.119% | $884K | $83K | 50x | as long as short |
| BloFin IWM-USDT | +0.0125% | 8h | 286.32 | −0.038% | $67K | $34K | 20x | as long as short |
| Markets by Kinetiq mkts:SMALL2000 | +0.0134% | 1h | 285.96 | −0.164% | $526K | $381K | 20x | as long as short |
| GRVT IWM_USDT_Perpshort | +0.0542% | 8h | 286.36 | −0.024% | $988 | $104K | 10x |
Vest IWM-USD-PERP
KuCoin IWMUSDTM
Binance IWMUSDT
MEXC IWM_USDT
BloFin IWM-USDT
Markets by Kinetiq mkts:SMALL2000