Funding you earn now, next payment 03:00 UTC+0.0268%/8h= +29.3% APRpaid last 24h +0.036%
Price spread now: GRVT against Lighter−0.033%48s7-day average −0.060% · you buy dearer than you sell
Net, funding: paid 7d − costs−$46as 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−$410.408% of the position
Funding, last 7 days−0.047%−$5 on $10k
+Price spread, last 4 days (all we have)+0.037%+$4 · spread now −0.033%, 7d avg −0.060%
=Together, before fees−0.009%+ Points / potential airdropLighter: Season 3 · GRVT: Active · farm board−$1 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and GRVT is 0.028% dearer against Lighter than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.060%. 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 -0.047% in total (about -2.4% 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 XPT | 1,799.5 | 0.0872 | pay 0.0109% / 1h | 10m 39s | $355K | $15K | 20x |
| Short | GRVT XPT_USDT_Perp | 1,798.9 | 0.1140 | get 0.0570% / 4h | 1h 10m | $205K | $829K | 25x |
Lighter XPT
GRVT XPT_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
- $56.28
- Price spread: −0.033% → −0.060%
- $2.77
- Slippage, 4 orders
- −$31.85
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Net
- $18.2
- Costs to cover
- 0.408%
- Break-even
- 4.7 days
Slippage from Lighter: live order book, 44 min ago; GRVT: live order book, 47 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, 44 min ago | 1.38 bp | 13.6 bp −$14 | 30.1 bp −$301 | doesn't fit | doesn't fit |
| Sell GRVT live order book, 47 min ago | 0.03 bp | 6.8 bp −$7 | doesn't fit | doesn't fit | doesn't fit |
XPT 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 | |
|---|---|---|---|---|---|---|---|---|
| HTX XPT-USDT | 0.0000% | 4h | 1,798.3 | −0.069% | $10K | $38K | 30x | as long as short |
| gTrade (Gains Network) XPT/USD | L +0.0006% / S −0.0006% | 1h | 1,793.8 | −0.318% | $230 | — | 150x | as long as short |
| Vest PL-PERP | +0.0046% | 1h | 1,794.4 | −0.283% | — | $50 | 25x | as long as short |
| Pacifica PLATINUM | +0.0100% | 1h | 1,793.9 | −0.312% | $13K | $28K | 10x | as long as short |
| Aevo PLATINUM-PERP | +0.0104% | 1h | 1,798 | −0.084% | $306 | — | 10x | as long as short |
| Injective XPT/USDC PERP | +0.0220% | 1h | 1,820.4 | +1.164% | $6K | $34K | 52x | as long as short |
| Gate XPT_USDT | +0.0394% | 4h | 1,799 | −0.029% | $638K | $437K | 100x | as long as short |
| tradeXYZ xyz:PLATINUM | +0.0493% | 1h | 1,796.5 | −0.167% | $3.6M | $979K | 20x | as long as short |
| KuCoin XPTUSDTM | +0.0524% | 4h | 1,800.3 | +0.045% | $201K | $17K | 75x | as long as short |
| Aster XPTUSDT | +0.0642% | 4h | 1,796.4 | −0.170% | $14K | $10K | 20x | as long as short |
HTX XPT-USDT
gTrade (Gains Network) XPT/USD
Vest PL-PERP
Pacifica PLATINUM
Aevo PLATINUM-PERP
Injective XPT/USDC PERP
Gate XPT_USDT
tradeXYZ xyz:PLATINUM
KuCoin XPTUSDTM
Aster XPTUSDTShow all 21 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni XPT | +0.0655% | 4h | 1,797.5 | −0.109% | $279K | $217K | — | as long as short |
| Paradex XPT-USD-PERP | +0.0666% | 8h | 1,797.9 | −0.089% | $3K | — | 5x | as long as short |
| edgeX XPTUSDC | +0.0705% | 4h | 1,799 | −0.027% | $39K | $281K | 10x | as long as short |
| MEXC XPT_USDT | +0.0714% | 4h | 1,797.8 | −0.094% | $23.6M | $657K | 100x | as long as short |
| Binance XPTUSDT | +0.0721% | 4h | 1,798.3 | −0.065% | $4.3M | $3.8M | 100x | as long as short |
| Extended XPT-USD | +0.0744% | 1h | 1,794.3 | −0.290% | $205K | $623K | 10x | as long as short |
| BloFin XPT-USDT | +0.0753% | 4h | 1,798 | −0.083% | $85K | $68K | 100x | as long as short |
| Bitget XPTUSDT | +0.0810% | 4h | 1,797.6 | −0.107% | $1.3M | $389K | 100x | as long as short |
| OKX XPT-USDT-SWAP | +0.0866% | 8h | 1,799 | −0.028% | $938K | $564K | 50x | as long as short |
| Lighter XPTlong | +0.0872% | 1h | 1,799.5 | long leg | $355K | $15K | 20x | |
| GRVT XPT_USDT_Perpshort | +0.1140% | 4h | 1,798.9 | −0.033% | $205K | $829K | 25x |
Variational Omni XPT
Paradex XPT-USD-PERP
edgeX XPTUSDC
MEXC XPT_USDT
Binance XPTUSDT
Extended XPT-USD
BloFin XPT-USDT
Bitget XPTUSDT
OKX XPT-USDT-SWAP