Funding you earn now, next payment 09:00 UTC−0.0224%/8h= −24.5% APRpaid last 24h −0.056%
Price spread now: GRVT against Lighter+0.131%108s7-day average +0.021% · you sell dearer than you buy
Net, funding: paid 7d − costs−$32as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$180.185% of the position
Funding, last 7 days−0.134%−$13 on $10k
+Price spread, last 4 days (all we have)−0.186%−$19 · spread now +0.131%, 7d avg +0.021%
=Together, before fees−0.320%+ Points / potential airdropLighter: Season 3 · GRVT: Active · farm board−$32 on $10k · with fees, hour by hour
The price spread pays, funding is against you. GRVT is 0.110% dearer against Lighter than usual: you sell high and buy low (spread +0.131% now, against its 7-day average of +0.021%): +$11 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 39 hours. At the pace of the last 7 days (−0.134% in total) that is about 5.7 days. The two prices were read 108 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 -0.134% in total (about -7.0% 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 META | 745.48 | 0.0224 | pay 0.0028% / 1h | 45m 35s | $1.2M | $2.9M | 20x |
| Short | GRVT META_USDT_Perp | 746.46 | 0 | get 0.0000% / 8h | 7h 45m | $12K | $443K | 10x |
Lighter META
GRVT META_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
- −$47.04
- Price spread: +0.131% → +0.021%
- $10.98
- Slippage, 4 orders
- −$9.45
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Net
- −$54.51
- Costs to cover
- 0.185%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 7 min ago; GRVT: live order book, 52 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, 7 min ago | 0.67 bp | 1.0 bp −$1 | 2.4 bp −$24 | doesn't fit | doesn't fit |
| Sell GRVT live order book, 52 min ago | 0.94 bp | 7.4 bp −$7 | 10.1 bp −$101 | doesn't fit | doesn't fit |
META on 37 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin META-USDT | −0.0120% | 8h | 745.52 | +0.005% | $334K | $1.1M | 20x | as long as short |
| Nado META-PERP | −0.0044% | 1h | 744.43 | −0.141% | $480K | $561K | 20x | as long as short |
| Aster METAUSDT | 0.0000% | 8h | 746.00 | +0.070% | $489K | $603K | 20x | as long as short |
| Extended META_24_5-USD | 0.0000% | 1h | 744.96 | −0.070% | $547K | $3.4M | 17x | as long as short |
| Binance METAUSDT | 0.0000% | 8h | 745.16 | −0.043% | $25.7M | $191.3M | 20x | as long as short |
| Bybit METAUSDT | 0.0000% | 8h | 744.98 | −0.067% | $7.4M | $15.7M | 100x | as long as short |
| OKX META-USDT-SWAP | 0.0000% | 8h | 744.82 | −0.089% | $6.0M | $12.8M | 20x | as long as short |
| Gate META_USDT | 0.0000% | 8h | 744.66 | −0.110% | $474K | $6.2M | 100x | as long as short |
| Bitget METAUSDT | 0.0000% | 8h | 744.91 | −0.076% | $5.7M | $12.4M | 100x | as long as short |
| Variational Omni META | 0.0000% | 8h | 744.82 | −0.088% | $2.5M | $3.0M | — | as long as short |
BloFin META-USDT
Nado META-PERP
Aster METAUSDT
Extended META_24_5-USD
Binance METAUSDT
Bybit METAUSDT
OKX META-USDT-SWAP
Gate META_USDT
Bitget METAUSDT
Variational Omni METAShow all 37 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT META_USDT_Perpshort | 0.0000% | 8h | 746.46 | +0.131% | $12K | $443K | 10x | |
| SunX META-USDT | 0.0000% | 8h | 745.04 | −0.059% | $1K | $7.9M | 20x | as long as short |
| Deribit META_USDC-PERPETUAL | 0.0000% | 1h | 744.71 | −0.103% | $53K | $290K | 10x | as long as short |
| HTX META-USDT | 0.0000% | 8h | 744.78 | −0.094% | $108K | $312K | 30x | as long as short |
| Phemex METAUSDT | 0.0000% | 4h | 745.46 | −0.003% | $2.0M | $8K | 10x | as long as short |
| Lighter RH META | +0.0032% | 1h | 745.28 | −0.027% | $795K | $2.9M | 20x | as long as short |
| QFEX META-USD | +0.0036% | 1h | 744.95 | −0.071% | $2.2M | $14.1M | 10x | as long as short |
| Arcus META-USD | +0.0040% | 1h | 744.71 | −0.103% | $112K | $337K | 10x | as long as short |
| Vest META-USD-PERP | +0.0046% | 1h | 745.50 | +0.003% | — | $12K | 25x | as long as short |
| Popdex METAUSDT | +0.0048% | 1h | 744.80 | −0.091% | $180K | $205K | 20x | as long as short |
| Polymarket Perps META-USD | +0.0050% | 1h | 744.20 | −0.172% | $566K | $619K | 10x | as long as short |
| SoDEX META-USD | +0.0050% | 1h | 744.86 | −0.083% | $25K | $3K | 10x | as long as short |
| Ondo Perps META-USD.P | +0.0050% | 1h | 744.50 | −0.131% | $724K | $5.1M | 10x | as long as short |
| Paradex META-USD-PERP | +0.0056% | 8h | 744.85 | −0.084% | — | — | 5x | as long as short |
| Aftermath Perps METAUSD | +0.0083% | 1h | 745.46 | −0.003% | $49K | $90K | 10x | as long as short |
| Pacifica META | +0.0100% | 1h | 745.01 | −0.063% | $635 | $1K | 10x | as long as short |
| KuCoin METAUSDTM | +0.0100% | 8h | 745.38 | −0.013% | $1.6M | $750K | 20x | as long as short |
| ApeX Omni METAUSDT | +0.0100% | 1h | 745.98 | +0.067% | $167K | $71K | 50x | as long as short |
| Orderly PERP_META_USDC_mythos | +0.0100% | 8h | 745.27 | −0.028% | $1K | $24 | 10x | as long as short |
| Aevo META-PERP | +0.0104% | 1h | 745.04 | −0.059% | $268 | — | 10x | as long as short |
| Coinbase International META-PERP-INTX | +0.0120% | 1h | 744.50 | −0.131% | $652K | $8.1M | 10x | as long as short |
| Injective META/USDC PERP | +0.0220% | 1h | 748.08 | +0.349% | $177K | $52K | 30x | as long as short |
| Lighter METAlong | +0.0224% | 1h | 745.48 | long leg | $1.2M | $2.9M | 20x | |
| tradeXYZ xyz:META | +0.0256% | 1h | 745.22 | −0.035% | $84.2M | $132.8M | 20x | as long as short |
| Hotstuff META-PERP | +0.0328% | 1h | 746.35 | +0.117% | $33K | $105 | 20x | as long as short |
| edgeX METAUSDC | +0.0372% | 4h | 746.05 | +0.076% | $63K | $347K | 10x | as long as short |
| Phoenix META | +0.0791% | 1h | 746.70 | +0.164% | $797K | $1.5M | 20x | as long as short |
SunX META-USDT
Deribit META_USDC-PERPETUAL
HTX META-USDT
Phemex METAUSDT
Lighter RH META
QFEX META-USD
Arcus META-USD
Vest META-USD-PERP
Popdex METAUSDT
Polymarket Perps META-USD
SoDEX META-USD
Ondo Perps META-USD.P
Paradex META-USD-PERP
Aftermath Perps METAUSD
Pacifica META
KuCoin METAUSDTM
ApeX Omni METAUSDT
Orderly PERP_META_USDC_mythos
Aevo META-PERP
Coinbase International META-PERP-INTX
Injective META/USDC PERP
tradeXYZ xyz:META
Hotstuff META-PERP
edgeX METAUSDC
Phoenix META