Funding you earn now, next payment 01:00 UTC−0.0744%/8h= −81.5% APRpaid last 24h −0.087%
Price spread now: GRVT against Lighter−0.069%7-day average −0.007% · you buy dearer than you sell
Net, funding: paid 7d − costs−$99as in the Funding arb table
Net, price: spread back to 7d avg − costs−$76as in the Price arb table
costs, in and out, $10k−$700.695% of the position
Funding, last 7 days−0.296%−$30 on $10k
+Price spread, last 3 days (all we have)+0.110%+$11 · spread now −0.069%, 7d avg −0.007%
=Together, before fees−0.185%+ Points / potential airdropLighter: Season 3 · GRVT: Active · farm board−$19 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$22 a day on $10k at the current rate, and GRVT is 0.062% cheaper against Lighter than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of −0.007%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.296% in total (about -15.4% 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 MRNA | 173.22 | 0.0744 | pay 0.0093% / 1h | 53m 21s | $123K | $1.0M | 10x |
| Short | GRVT MRNA_USDT_Perp | 173.10 | 0 | get 0.0000% / 8h | 7h 53m | $440 | $163K | 10x |
Lighter MRNA
GRVT MRNA_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
- −$156.24
- Price spread: −0.069% → −0.007%
- −$6.19
- Slippage, 4 orders
- −$60.5
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Net
- −$231.93
- Costs to cover
- 0.695%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 2 min ago; GRVT: live order book, 14 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, 2 min ago | 4.33 bp | 5.4 bp −$5 | 32.3 bp −$323 | 171.2 bp −$17.1K | doesn't fit |
| Sell GRVT live order book, 14 min ago | 2.59 bp | 27.9 bp −$28 | doesn't fit | doesn't fit | doesn't fit |
MRNA on 21 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 | |
|---|---|---|---|---|---|---|---|---|
| edgeX MRNAUSDC | −0.0559% | 4h | 173.08 | −0.079% | $3K | $244K | 10x | as long as short |
| BloFin MRNA-USDT | −0.0012% | 8h | 173.13 | −0.052% | $44K | $29K | 20x | as long as short |
| Aster MRNAUSDT | 0.0000% | 8h | 173.10 | −0.067% | $29K | $81K | 20x | as long as short |
| Binance MRNAUSDT | 0.0000% | 8h | 173.28 | +0.032% | $2.2M | $11.4M | 20x | as long as short |
| Bybit MRNAUSDT | 0.0000% | 8h | 173.42 | +0.115% | $941K | $1.0M | 25x | as long as short |
| OKX MRNA-USDT-SWAP | 0.0000% | 8h | 173.29 | +0.040% | $1.3M | $5.2M | 20x | as long as short |
| QFEX MRNA-USD | 0.0000% | 1h | 173.18 | −0.023% | $1.1M | $2.7M | 10x | as long as short |
| Gate MRNA_USDT | 0.0000% | 8h | 173.15 | −0.040% | $872K | $1.1M | 20x | as long as short |
| Bitget MRNAUSDT | 0.0000% | 8h | 173.07 | −0.087% | $2.6M | $10.4M | 20x | as long as short |
| Variational Omni MRNA | 0.0000% | 8h | 173.14 | −0.045% | $49K | $89K | — | as long as short |
edgeX MRNAUSDC
BloFin MRNA-USDT
Aster MRNAUSDT
Binance MRNAUSDT
Bybit MRNAUSDT
OKX MRNA-USDT-SWAP
QFEX MRNA-USD
Gate MRNA_USDT
Bitget MRNAUSDT
Variational Omni MRNAShow all 21 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT MRNA_USDT_Perpshort | 0.0000% | 8h | 173.10 | −0.069% | $440 | $163K | 10x | |
| HTX MRNA-USDT | 0.0000% | 8h | 173.28 | +0.032% | $12K | $429K | 20x | as long as short |
| Phemex MRNAUSDT | 0.0000% | 8h | 173.28 | +0.035% | $1.6M | $648K | 20x | as long as short |
| Injective MRNA/USDC PERP | +0.0033% | 1h | 158.62 | −8.429% | $18K | $8K | 12x | as long as short |
| Arcus MRNA-USD | +0.0040% | 1h | 173.04 | −0.104% | $2K | $65K | 10x | as long as short |
| Ondo Perps MRNA-USD.P | +0.0050% | 1h | 173.22 | 0.000% | $43K | $38K | 5x | as long as short |
| Phoenix MRNA | +0.0231% | 1h | 173.22 | 0.000% | $5K | $193K | 10x | as long as short |
| SoDEX MRNA-USD | +0.0477% | 1h | 173.17 | −0.029% | $40K | $66K | 10x | as long as short |
| tradeXYZ xyz:MRNA | +0.0560% | 1h | 173.19 | −0.017% | $2.6M | $4.2M | 10x | as long as short |
| Extended MRNA-USD | +0.0592% | 1h | 173.18 | −0.024% | $32K | $32K | 10x | as long as short |
| Lighter MRNAlong | +0.0744% | 1h | 173.22 | long leg | $123K | $1.0M | 10x |
HTX MRNA-USDT
Phemex MRNAUSDT
Injective MRNA/USDC PERP
Arcus MRNA-USD
Ondo Perps MRNA-USD.P
Phoenix MRNA
SoDEX MRNA-USD
tradeXYZ xyz:MRNA
Extended MRNA-USD