Funding you earn now, next payment 09:00 UTC−0.0080%/8h= −8.8% APRpaid last 24h +0.006%
Price spread now: GRVT against Lighter+0.240%48s7-day average +0.051% · you sell dearer than you buy
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−$160.158% of the position
Funding, last 7 days−0.064%−$6 on $10k
+Price spread, last 7 days−0.203%−$20 · spread now +0.240%, 7d avg +0.051%
=Together, before fees−0.267%+ Points / potential airdropLighter: Season 3 · GRVT: Active · farm board−$27 on $10k · with fees, hour by hour
The price spread pays, funding is against you. GRVT is 0.188% dearer against Lighter than usual: you sell high and buy low (spread +0.240% now, against its 7-day average of +0.051%): +$19 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 7.8 days. At the pace of the last 7 days (−0.064% in total) that is about 21 days. 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 XAG | 64.779 | 0.0232 | pay 0.0029% / 1h | 30m 33s | $5.2M | $11.0M | 25x |
| Short | GRVT XAG_USDT_Perp | 64.934 | 0.0152 | get 0.0076% / 4h | 3h 30m | $390K | $1.5M | 25x |
Lighter XAG
GRVT XAG_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
- −$16.8
- Price spread: +0.240% → +0.051%
- $18.82
- Slippage, 4 orders
- −$6.78
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Net
- −$13.76
- Costs to cover
- 0.158%
- Break-even
- from the start
Slippage from Lighter: live order book, 8 min ago; GRVT: live order book, 3 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, 8 min ago | 0.01 bp | 0.9 bp −$1 | 1.3 bp −$13 | 5.6 bp −$561 | 18.0 bp −$8,984 |
| Sell GRVT live order book, 3 min ago | 0.77 bp | 6.7 bp −$7 | 6.8 bp −$68 | 43.3 bp −$4,326 | doesn't fit |
XAG on 44 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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX XAG-USD | 0.0000% | 1h | 64.799 | +0.030% | $12K | $6K | 5x | as long as short |
| Gate XAG_USDT | 0.0000% | 4h | 64.800 | +0.032% | $139.1M | $184.5M | 100x | as long as short |
| SunX XAG-USDT | 0.0000% | 4h | 64.850 | +0.109% | $2K | $2.4M | 20x | as long as short |
| HTX XAG-USDT | 0.0000% | 4h | 64.900 | +0.186% | $1.1M | $1.3M | 75x | as long as short |
| Phemex XAGUSDT | 0.0000% | 4h | 64.880 | +0.155% | $1.5M | $317K | 100x | as long as short |
| gTrade (Gains Network) XAG/USD | L +0.0004% / S −0.0006% | 1h | 64.770 | −0.014% | $117K | — | 250x | as long as short |
| Variational Omni XAG | +0.0017% | 4h | 64.834 | +0.085% | $5.3M | $9.1M | — | as long as short |
| Lighter RH XAG | +0.0032% | 1h | 64.787 | +0.012% | $4.5M | $9.8M | 25x | as long as short |
| Extended XAG-USD | +0.0032% | 1h | 64.728 | −0.080% | $5.0M | $12.1M | 10x | as long as short |
| Injective XAG/USDC PERP | +0.0033% | 1h | 66.400 | +2.502% | $11K | $94K | 52x | as long as short |
dYdX XAG-USD
Gate XAG_USDT
SunX XAG-USDT
HTX XAG-USDT
Phemex XAGUSDT
gTrade (Gains Network) XAG/USD
Variational Omni XAG
Lighter RH XAG
Extended XAG-USD
Injective XAG/USDC PERPShow all 44 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| StandX XAG-USD | +0.0040% | 1h | 64.880 | +0.155% | $780K | $3.0M | 40x | as long as short |
| Vest SI-PERP | +0.0046% | 1h | 65.260 | +0.742% | — | — | 25x | as long as short |
| QFEX SILVER-USD | +0.0047% | 1h | 64.780 | +0.001% | $446K | $1.5M | 20x | as long as short |
| Polymarket Perps SILVER-USD | +0.0050% | 1h | 64.778 | −0.002% | $3.8M | $890K | 20x | as long as short |
| SoDEX SILVER-USD | +0.0050% | 1h | 64.768 | −0.017% | $3K | $6K | 20x | as long as short |
| Ondo Perps XAG-USD.P | +0.0050% | 1h | 64.690 | −0.138% | $5.6M | $9.9M | 25x | as long as short |
| MEXC SILVER_USDT | +0.0056% | 4h | 64.780 | +0.001% | $120.7M | $158.6M | 1000x | as long as short |
| Binance XAGUSDT | +0.0056% | 4h | 64.750 | −0.045% | $196.5M | $778.3M | 100x | as long as short |
| Paradex XAG-USD-PERP | +0.0061% | 8h | 64.767 | −0.020% | $29K | $166 | 5x | as long as short |
| edgeX XAGUSDC | +0.0068% | 4h | 64.855 | +0.116% | $661K | $314K | 30x | as long as short |
| Aevo XAG-PERP | +0.0072% | 1h | 64.824 | +0.069% | $47K | — | 10x | as long as short |
| Aster XAGUSDT | +0.0075% | 4h | 64.770 | −0.014% | $2.6M | $1.0M | 100x | as long as short |
| Coinbase International SILVER-PERP-INTX | +0.0080% | 1h | 64.810 | +0.047% | $1.6M | $1.5M | 20x | as long as short |
| Kalshi KXSILVERPERP | +0.0085% | 24h | 64.828 | +0.075% | $484K | $34.5M | 8.1x | as long as short |
| Pacifica XAG | +0.0100% | 1h | 64.734 | −0.071% | $462K | $592K | 10x | as long as short |
| KuCoin XAGUSDTM | +0.0100% | 4h | 64.770 | −0.014% | $25.1M | $4.5M | 75x | as long as short |
| ApeX Omni XAGUSDT | +0.0100% | 1h | 64.800 | +0.032% | $111K | $19K | 50x | as long as short |
| Phoenix SILVER | +0.0111% | 1h | 64.908 | +0.199% | $55K | $31K | 25x | as long as short |
| Hotstuff SILVER-PERP | +0.0128% | 1h | 64.767 | −0.019% | $34K | $21K | 20x | as long as short |
| tradeXYZ xyz:SILVER | +0.0133% | 1h | 64.759 | −0.031% | $173.4M | $87.6M | 25x | as long as short |
| GRVT XAG_USDT_Perpshort | +0.0152% | 4h | 64.934 | +0.240% | $390K | $1.5M | 25x | |
| RISEx XAG/USDC | +0.0158% | 1h | 64.780 | +0.002% | $1.2M | $4.9M | 20x | as long as short |
| Nado XAG-PERP | +0.0159% | 1h | 64.795 | +0.025% | $1.2M | $4.2M | 10x | as long as short |
| OKX XAG-USDT-SWAP | +0.0192% | 8h | 64.760 | −0.030% | $28.8M | $73.7M | 50x | as long as short |
| Bitget XAGUSDT | +0.0194% | 4h | 64.790 | +0.017% | $23.2M | $46.6M | 100x | as long as short |
| Bybit XAGUSDT | +0.0199% | 4h | 64.770 | −0.014% | $29.3M | $42.7M | 150x | as long as short |
| Deribit SILVER_USDC-PERPETUAL | +0.0213% | 1h | 64.810 | +0.047% | $76K | $430K | 20x | as long as short |
| Aftermath Perps XAGUSD | +0.0219% | 1h | 64.840 | +0.093% | $78K | $37K | 10x | as long as short |
| BloFin XAG-USDT | +0.0227% | 4h | 64.860 | +0.125% | $2.7M | $654K | 100x | as long as short |
| Lighter XAGlong | +0.0232% | 1h | 64.779 | long leg | $5.2M | $11.0M | 25x | |
| GMX SILVER/USD [ETH-USDC] | L +0.0238% / S −0.0196% | 1h | 64.845 | +0.101% | $92K | — | 111x | as long as short |
| Bullet SILVER-USD | +0.0300% | 1h | 64.859 | +0.123% | $45K | $75K | 10x | as long as short |
| Hibachi XAG/USDT-P | +0.0360% | 1h | 64.820 | +0.063% | $20K | $15K | 10x | as long as short |
| Kraken Futures PF_XAGUSD | +0.0420% | 1h | 64.811 | +0.050% | $1.0M | $890K | 25x | as long as short |
StandX XAG-USD
Vest SI-PERP
QFEX SILVER-USD
Polymarket Perps SILVER-USD
SoDEX SILVER-USD
Ondo Perps XAG-USD.P
MEXC SILVER_USDT
Binance XAGUSDT
Paradex XAG-USD-PERP
edgeX XAGUSDC
Aevo XAG-PERP
Aster XAGUSDT
Coinbase International SILVER-PERP-INTX
Kalshi KXSILVERPERP
Pacifica XAG
KuCoin XAGUSDTM
ApeX Omni XAGUSDT
Phoenix SILVER
Hotstuff SILVER-PERP
tradeXYZ xyz:SILVER
RISEx XAG/USDC
Nado XAG-PERP
OKX XAG-USDT-SWAP
Bitget XAGUSDT
Bybit XAGUSDT
Deribit SILVER_USDC-PERPETUAL
Aftermath Perps XAGUSD
BloFin XAG-USDT
GMX SILVER/USD [ETH-USDC]
Bullet SILVER-USD
Hibachi XAG/USDT-P
Kraken Futures PF_XAGUSD