Funding you earn now, next payment 07:00 UTC−0.0676%/8h= −74.0% APRpaid last 24h −0.056%
Price spread now: Lighter against GRVT−0.131%48s7-day average +0.035% · you buy dearer than you sell
Net, funding: paid 7d − costs−$96as 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−$650.650% of the position
Funding, last 7 days−0.307%−$31 on $10k
+Price spread, last 4 days (all we have)+0.206%+$21 · spread now −0.131%, 7d avg +0.035%
=Together, before fees−0.101%+ Points / potential airdropGRVT: Active · Lighter: Season 3 · farm board−$10 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$20 a day on $10k at the current rate, and Lighter is 0.165% cheaper against GRVT than usual: you would sell low and buy high (−$17 if the spread goes back to its 7-day average of +0.035%). Swap the legs. 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 -0.307% in total (about -16.0% 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 | GRVT XPD_USDT_Perp | 1,297 | 0.0708 | pay 0.0354% / 4h | 1h 04m | $336K | $692K | 25x |
| Short | Lighter XPD | 1,295.3 | 0.0032 | get 0.0004% / 1h | 4m 26s | $399K | $160K | 20x |
GRVT XPD_USDT_Perp
Lighter XPDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against GRVT. 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
- −$141.96
- Price spread: −0.131% → +0.035%
- −$16.53
- Slippage, 4 orders
- −$56.02
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$223.51
- Costs to cover
- 0.650%
- Break-even
- never at this rate
Slippage from GRVT: live order book, 64 min ago; Lighter: live order book, 30 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 GRVT live order book, 64 min ago | 0.73 bp | 8.4 bp −$8 | 8724.9 bp −$87.2K | doesn't fit | doesn't fit |
| Sell Lighter live order book, 30 min ago | 1.93 bp | 27.3 bp −$27 | 55.4 bp −$554 | doesn't fit | doesn't fit |
XPD 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 | |
|---|---|---|---|---|---|---|---|---|
| Gate XPD_USDT | 0.0000% | 4h | 1,295.1 | −0.145% | $2.0M | $482K | 100x | as long as short |
| Variational Omni XPD | 0.0000% | 4h | 1,295.5 | −0.115% | $534K | $24K | — | as long as short |
| SunX XPD-USDT | 0.0000% | 4h | 1,293.3 | −0.285% | — | $1.7M | 10x | as long as short |
| HTX XPD-USDT | 0.0000% | 4h | 1,294.9 | −0.165% | $9K | $35K | 20x | as long as short |
| gTrade (Gains Network) XPD/USD | L +0.0008% / S −0.0007% | 1h | 1,291.7 | −0.408% | — | — | — | as long as short |
| Lighter XPDshort | +0.0032% | 1h | 1,295.3 | −0.131% | $399K | $160K | 20x | |
| Injective XPD/USDC PERP | +0.0033% | 1h | 1,332.8 | +2.761% | $16K | $20K | 52x | as long as short |
| Binance XPDUSDT | +0.0039% | 4h | 1,293.9 | −0.241% | $3.7M | $4.8M | 100x | as long as short |
| BloFin XPD-USDT | +0.0041% | 4h | 1,296.5 | −0.041% | $30K | $20K | 100x | as long as short |
| MEXC XPD_USDT | +0.0044% | 4h | 1,293.7 | −0.253% | $13.0M | $272K | 100x | as long as short |
Gate XPD_USDT
Variational Omni XPD
SunX XPD-USDT
HTX XPD-USDT
gTrade (Gains Network) XPD/USD
Injective XPD/USDC PERP
Binance XPDUSDT
BloFin XPD-USDT
MEXC XPD_USDTShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| tradeXYZ xyz:PALLADIUM | +0.0050% | 1h | 1,291.7 | −0.408% | $2.7M | $435K | 20x | as long as short |
| edgeX XPDUSDC | +0.0077% | 4h | 1,297.5 | +0.038% | $37K | $205K | 10x | as long as short |
| KuCoin XPDUSDTM | +0.0100% | 4h | 1,294.1 | −0.225% | $168K | $7K | 75x | as long as short |
| OKX XPD-USDT-SWAP | +0.0269% | 8h | 1,293.9 | −0.239% | $322K | $474K | 50x | as long as short |
| Aster XPDUSDT | +0.0305% | 4h | 1,293.8 | −0.247% | $27K | $6K | 20x | as long as short |
| Bitget XPDUSDT | +0.0440% | 4h | 1,293.9 | −0.238% | $5.0M | $246K | 100x | as long as short |
| GRVT XPD_USDT_Perplong | +0.0708% | 4h | 1,297 | long leg | $336K | $692K | 25x |
tradeXYZ xyz:PALLADIUM
edgeX XPDUSDC
KuCoin XPDUSDTM
OKX XPD-USDT-SWAP
Aster XPDUSDT
Bitget XPDUSDT