Funding you earn now, next payment 03:00 UTC−0.0056%/8h= −6.1% APRpaid last 24h +0.002%
Price spread now: GRVT against Lighter−0.008%48s7-day average +0.057% · you buy dearer than you sell
Net, funding: paid 7d − costs−$22as 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−$150.146% of the position
Funding, last 7 days−0.077%−$8 on $10k
+Price spread, last 7 days+0.065%+$6 · spread now −0.008%, 7d avg +0.057%
=Together, before fees−0.012%+ Points / potential airdropLighter: Season 3 · GRVT: Active · farm board−$1 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and GRVT is 0.065% cheaper against Lighter than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.057%). Swap the legs. The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter MU | 1,052.4 | 0.0056 | pay 0.0007% / 1h | 8m 34s | $1.1M | $5.1M | 20x |
| Short | GRVT MU_USDT_Perp | 1,052.3 | 0 | get 0.0000% / 8h | 5h 08m | $85K | $1.3M | 10x |
Lighter MU
GRVT MU_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
- −$11.76
- Price spread: −0.008% → +0.057%
- −$6.49
- Slippage, 4 orders
- −$5.63
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Net
- −$32.88
- Costs to cover
- 0.146%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 4 min ago; GRVT: live order book, 5 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, 4 min ago | 0.43 bp | 0.6 bp −$1 | 1.9 bp −$19 | 14.4 bp −$1,435 | doesn't fit |
| Sell GRVT live order book, 5 min ago | 0.81 bp | 5.8 bp −$6 | 8.7 bp −$87 | doesn't fit | doesn't fit |
MU 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 | |
|---|---|---|---|---|---|---|---|---|
| edgeX MUUSDC | −0.0620% | 4h | 1,051.9 | −0.047% | $1.3M | $671K | 10x | as long as short |
| RISEx MU/USDC | 0.0000% | 1h | 1,052.7 | +0.030% | $334K | $348K | 20x | as long as short |
| Gate MU_USDT | 0.0000% | 8h | 1,052.3 | −0.002% | $62.0M | $27.6M | 75x | as long as short |
| GRVT MU_USDT_Perpshort | 0.0000% | 8h | 1,052.3 | −0.008% | $85K | $1.3M | 10x | |
| StandX MU-USD | 0.0000% | 1h | 1,052.1 | −0.027% | $190K | $3.5M | 20x | as long as short |
| SunX MU-USDT | 0.0000% | 8h | 1,053.9 | +0.143% | $11K | $5.8M | 10x | as long as short |
| Deribit MU_USDC-PERPETUAL | 0.0000% | 1h | 1,051.9 | −0.041% | $68K | $386K | 10x | as long as short |
| HTX MU-USDT | 0.0000% | 8h | 1,052 | −0.038% | $130K | $430K | 50x | as long as short |
| Bybit MUUSDT | +0.0006% | 8h | 1,052.8 | +0.040% | $19.2M | $32.3M | 100x | as long as short |
| OKX MU-USDT-SWAP | +0.0017% | 8h | 1,052.5 | +0.010% | $31.1M | $100.0M | 50x | as long as short |
edgeX MUUSDC
RISEx MU/USDC
Gate MU_USDT
StandX MU-USD
SunX MU-USDT
Deribit MU_USDC-PERPETUAL
HTX MU-USDT
Bybit MUUSDT
OKX MU-USDT-SWAPShow all 37 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aftermath Perps MUUSD | +0.0018% | 1h | 1,051.3 | −0.100% | $3K | $45K | 10x | as long as short |
| QFEX MU-USD | +0.0030% | 1h | 1,052.3 | −0.010% | $7.2M | $18.1M | 10x | as long as short |
| Lighter RH MU | +0.0032% | 1h | 1,052.4 | +0.003% | $1.3M | $4.5M | 10x | as long as short |
| Injective MU/USDC PERP | +0.0033% | 1h | 1,051.4 | −0.095% | $19K | $5K | 12x | as long as short |
| Arcus MU-USD | +0.0040% | 1h | 1,051.7 | −0.063% | $71K | $235K | 10x | as long as short |
| Aster MUUSD1 | +0.0042% | 8h | 1,052.4 | +0.008% | $21.4M | $54.5M | 20x | as long as short |
| Vest MU-USD-PERP | +0.0046% | 1h | 1,053.3 | +0.088% | — | $175K | 25x | as long as short |
| Nado MU-PERP | +0.0048% | 1h | 1,052.1 | −0.024% | $282K | $845K | 10x | as long as short |
| Polymarket Perps MU-USD | +0.0050% | 1h | 1,051.9 | −0.044% | $171K | $202K | 10x | as long as short |
| SoDEX MU-USD | +0.0050% | 1h | 1,052 | −0.035% | $690K | $16K | 10x | as long as short |
| Ondo Perps MU-USD.P | +0.0050% | 1h | 1,051.4 | −0.092% | $1.9M | $2.3M | 10x | as long as short |
| Paradex MU-USD-PERP | +0.0054% | 8h | 1,052.4 | +0.003% | $2K | — | 5x | as long as short |
| Lighter MUlong | +0.0056% | 1h | 1,052.4 | long leg | $1.1M | $5.1M | 20x | |
| tradeXYZ xyz:MU | +0.0061% | 1h | 1,052.2 | −0.015% | $178.5M | $98.9M | 10x | as long as short |
| Bullet MU-USD | +0.0066% | 1h | 1,052.3 | −0.008% | $25K | $398K | 10x | as long as short |
| Extended MU_24_5-USD | +0.0072% | 1h | 1,051.8 | −0.056% | $564K | $1.1M | 10x | as long as short |
| Variational Omni MU | +0.0081% | 8h | 1,051.9 | −0.044% | $2.7M | $2.4M | — | as long as short |
| Coinbase International MU-PERP-INTX | +0.0096% | 1h | 1,051.9 | −0.040% | $758K | $1.2M | 10x | as long as short |
| Pacifica MU | +0.0100% | 1h | 1,052 | −0.035% | $148K | $185K | 10x | as long as short |
| KuCoin MUUSDTM | +0.0100% | 8h | 1,052.2 | −0.020% | $5.3M | $3.4M | 20x | as long as short |
| ApeX Omni MUUSDT | +0.0100% | 1h | 1,051.8 | −0.050% | $71K | $269K | 50x | as long as short |
| Orderly PERP_MU_USDC_mythos | +0.0100% | 8h | 1,052.1 | −0.027% | $836 | $799 | 20x | as long as short |
| Binance MUUSDT | +0.0107% | 8h | 1,052.4 | +0.007% | $126.7M | $518.1M | 50x | as long as short |
| Aevo MU-PERP | +0.0112% | 1h | 1,051.8 | −0.057% | $32K | $1K | 10x | as long as short |
| Bitget MUUSDT | +0.0129% | 8h | 1,052.2 | −0.014% | $20.6M | $41.1M | 50x | as long as short |
| Phoenix MU | +0.0229% | 1h | 1,051.7 | −0.063% | $538K | $271K | 15x | as long as short |
| BloFin MU-USDT | +0.0230% | 8h | 1,052.1 | −0.021% | $1.5M | $2.0M | 20x | as long as short |
Aftermath Perps MUUSD
QFEX MU-USD
Lighter RH MU
Injective MU/USDC PERP
Arcus MU-USD
Aster MUUSD1
Vest MU-USD-PERP
Nado MU-PERP
Polymarket Perps MU-USD
SoDEX MU-USD
Ondo Perps MU-USD.P
Paradex MU-USD-PERP
tradeXYZ xyz:MU
Bullet MU-USD
Extended MU_24_5-USD
Variational Omni MU
Coinbase International MU-PERP-INTX
Pacifica MU
KuCoin MUUSDTM
ApeX Omni MUUSDT
Orderly PERP_MU_USDC_mythos
Binance MUUSDT
Aevo MU-PERP
Bitget MUUSDT
Phoenix MU
BloFin MU-USDT