Funding you earn now, next payment 05:00 UTC+0.0128%/8h= +14.0% APRnext payment +$0.16 per $10,000 · paid last 24h +0.119%
Price spread now: Lighter against Extended+0.145%7-day average +0.170% · you sell dearer than you buy
Net, funding: paid 7d − costs−$7as in the Funding arb table
Net, price: spread back to 7d avg − costs−$53as in the Price arb table
costs, in and out, $10k−$500.503% of the position
Funding, last 7 days+0.435%+$44 on $10k
+Price spread, last 4 days (all we have)+0.088%+$9 · spread now +0.145%, 7d avg +0.170%
=Together, before fees+0.523%+ Points / potential airdropExtended: Active · Lighter: Season 3 · farm board+$52 on $10k · with fees, hour by hour
Funding pays, the price is against you. Lighter is 0.026% cheaper against Extended than usual: you would sell low and buy high (spread +0.145% now, against its 7-day average of +0.170%). If the spread goes back, that is −$3 on $10k: about 16 hours of funding at the current rate (+$4 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended GRAM-USD | 1.4368 | 0.0104 | pay 0.0013% / 1h | 21m 02s | $168K | $123K | 5x |
| Short | Lighter GRAM | 1.4389 | 0.0232 | get 0.0029% / 1h | 21m 02s | $2.3M | $2.9M | 20x |
Extended GRAM-USD
Lighter GRAMFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Extended. 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
- $26.88
- Price spread: +0.145% → +0.170%
- −$2.58
- Slippage, 4 orders
- −$45.29
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$25.99
- Costs to cover
- 0.503%
- Break-even
- 13.8 days
Slippage from Extended: live order book, 30 min ago; Lighter: live order book, 6 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 Extended live order book, 30 min ago | 5.92 bp | 19.5 bp −$19 | 93.9 bp −$939 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 6 min ago | 1.39 bp | 4.6 bp −$5 | 27.4 bp −$274 | 167.1 bp −$16.7K | doesn't fit |
GRAM 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective GRAM/USDC PERP | +0.0033% | 1h | 1.4490 | +0.850% | $4K | $143K | 12x | as long as short |
| Binance GRAMUSDT | +0.0100% | 4h | 1.4372 | +0.027% | $20.3M | $27.7M | 50x | as long as short |
| Bybit GRAMUSDT | +0.0100% | 4h | 1.4370 | +0.015% | $30.4M | $13.7M | 50x | as long as short |
| OKX GRAM-USDT-SWAP | +0.0100% | 4h | 1.4370 | +0.015% | $8.6M | $8.1M | 50x | as long as short |
| Gate GRAM_USDT | +0.0100% | 4h | 1.4372 | +0.029% | $3.6M | $3.4M | 75x | as long as short |
| MEXC GRAM_USDT | +0.0100% | 4h | 1.4370 | +0.015% | $16.1M | $2.7M | 20x | as long as short |
| KuCoin GRAMUSDTM | +0.0100% | 4h | 1.4377 | +0.064% | $9.1M | $10.1M | 50x | as long as short |
| Bitget GRAMUSDT | +0.0100% | 4h | 1.4376 | +0.057% | $7.1M | $4.0M | 50x | as long as short |
| edgeX GRAMUSDC | +0.0100% | 4h | 1.4359 | −0.058% | $17K | $274K | 10x | as long as short |
| ApeX Omni GRAMUSDT | +0.0100% | 1h | 1.4380 | +0.085% | $14K | $615K | 50x | as long as short |
Injective GRAM/USDC PERP
Binance GRAMUSDT
Bybit GRAMUSDT
OKX GRAM-USDT-SWAP
Gate GRAM_USDT
MEXC GRAM_USDT
KuCoin GRAMUSDTM
Bitget GRAMUSDT
edgeX GRAMUSDC
ApeX Omni GRAMUSDTShow all 21 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_GRAM_USDC_mythos | +0.0100% | 4h | 1.4370 | +0.015% | $2K | $1K | 10x | as long as short |
| SunX GRAM-USDT | +0.0100% | 4h | 1.4406 | +0.266% | $7K | $565K | 10x | as long as short |
| HTX GRAM-USDT | +0.0100% | 4h | 1.4402 | +0.238% | $328K | $581K | 30x | as long as short |
| Phemex GRAMUSDT | +0.0100% | 4h | 1.4370 | +0.015% | $1.5M | $1.8M | 20x | as long as short |
| Paradex GRAM-USD-PERP | +0.0100% | 8h | 1.4375 | +0.047% | $2K | $19 | 5x | as long as short |
| Extended GRAM-USDlong | +0.0104% | 1h | 1.4368 | long leg | $168K | $123K | 5x | |
| Aster GRAMUSDT | +0.0121% | 4h | 1.4393 | +0.176% | $965K | $125K | 50x | as long as short |
| Lighter GRAMshort | +0.0232% | 1h | 1.4389 | +0.145% | $2.3M | $2.9M | 20x | |
| Backpack GRAM_USDC_PERP | +0.0272% | 1h | 1.4380 | +0.085% | $53K | $16K | 10x | as long as short |
| BloFin GRAM-USDT | +0.0340% | 4h | 1.4340 | −0.194% | $1.4M | $232K | 50x | as long as short |
| Hyperliquid GRAM | +0.0925% | 1h | 1.4388 | +0.140% | $35.4M | $7.5M | 5x | as long as short |
Orderly PERP_GRAM_USDC_mythos
SunX GRAM-USDT
HTX GRAM-USDT
Phemex GRAMUSDT
Paradex GRAM-USD-PERP
Aster GRAMUSDT
Backpack GRAM_USDC_PERP
BloFin GRAM-USDT
Hyperliquid GRAM