Funding you earn now, next payment 03:00 UTC−0.0532%/8h= −58.3% APRpaid last 24h −0.110%
Price spread now: Bitget against Lighter−0.180%7-day average −0.092% · you buy dearer than you sell
Net, funding: paid 7d − costs−$79as in the Funding arb table
Net, price: spread back to 7d avg − costs−$53as in the Price arb table
costs, in and out, $10k−$440.440% of the position
Funding, last 7 days−0.352%−$35 on $10k
+Price spread, last 7 days+0.186%+$19 · spread now −0.180%, 7d avg −0.092%
=Together, before fees−0.167%+ Points / potential airdropLighter: Season 3 · farm board−$17 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$16 a day on $10k at the current rate, and Bitget is 0.088% cheaper against Lighter than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of −0.092%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.352% in total (about -18.4% 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 GRAM | 1.4519 | 0.0632 | pay 0.0079% / 1h | 59m 44s | $2.6M | $2.4M | 20x |
| Short | Bitget GRAMUSDT | 1.4493 | 0.0100 | get 0.0050% / 4h | 1h 59m | $7.2M | $4.1M | 50x |
Lighter GRAM
Bitget GRAMUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget 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
- −$111.72
- Price spread: −0.180% → −0.092%
- −$8.82
- Slippage, 4 orders
- −$31.97
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$164.51
- Costs to cover
- 0.440%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 7 min ago; Bitget: live order book, 4 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, 7 min ago | 2.44 bp | 7.3 bp −$7 | 36.8 bp −$368 | 193.3 bp −$19.3K | doesn't fit |
| Sell Bitget live order book, 4 min ago | 2.41 bp | 15.2 bp −$15 | 28.1 bp −$281 | doesn't fit | doesn't fit |
GRAM on 20 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 | −0.201% | $4K | $143K | 12x | as long as short |
| Paradex GRAM-USD-PERP | +0.0100% | 8h | 1.4491 | −0.193% | $2K | $19 | 5x | as long as short |
| Hyperliquid GRAM | +0.0100% | 1h | 1.4503 | −0.112% | $35.7M | $7.4M | 5x | as long as short |
| Binance GRAMUSDT | +0.0100% | 4h | 1.4493 | −0.181% | $20.6M | $28.0M | 50x | as long as short |
| Bybit GRAMUSDT | +0.0100% | 4h | 1.4481 | −0.263% | $30.8M | $14.0M | 50x | as long as short |
| OKX GRAM-USDT-SWAP | +0.0100% | 4h | 1.4480 | −0.270% | $8.6M | $8.5M | 50x | as long as short |
| Gate GRAM_USDT | +0.0100% | 4h | 1.4494 | −0.174% | $3.7M | $3.3M | 75x | as long as short |
| MEXC GRAM_USDT | +0.0100% | 4h | 1.4490 | −0.201% | $15.3M | $2.6M | 20x | as long as short |
| KuCoin GRAMUSDTM | +0.0100% | 4h | 1.4491 | −0.194% | $8.8M | $10.6M | 50x | as long as short |
| Bitget GRAMUSDTshort | +0.0100% | 4h | 1.4493 | −0.180% | $7.2M | $4.1M | 50x |
Injective GRAM/USDC PERP
Paradex GRAM-USD-PERP
Hyperliquid GRAM
Binance GRAMUSDT
Bybit GRAMUSDT
OKX GRAM-USDT-SWAP
Gate GRAM_USDT
MEXC GRAM_USDT
KuCoin GRAMUSDTMShow all 20 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| edgeX GRAMUSDC | +0.0100% | 4h | 1.4492 | −0.188% | $17K | $274K | 10x | as long as short |
| ApeX Omni GRAMUSDT | +0.0100% | 1h | 1.4490 | −0.201% | $14K | $605K | 50x | as long as short |
| Orderly PERP_GRAM_USDC_mythos | +0.0100% | 4h | 1.4480 | −0.270% | $2K | $1K | 10x | as long as short |
| SunX GRAM-USDT | +0.0100% | 4h | 1.4508 | −0.077% | $7K | $598K | 10x | as long as short |
| HTX GRAM-USDT | +0.0100% | 4h | 1.4532 | +0.088% | $339K | $621K | 30x | as long as short |
| Phemex GRAMUSDT | +0.0100% | 4h | 1.4480 | −0.270% | $1.5M | $1.8M | 20x | as long as short |
| Extended GRAM-USD | +0.0104% | 1h | 1.4488 | −0.215% | $169K | $123K | 5x | as long as short |
| Backpack GRAM_USDC_PERP | +0.0295% | 1h | 1.4489 | −0.208% | $53K | $17K | 10x | as long as short |
| Aster GRAMUSDT | +0.0386% | 4h | 1.4507 | −0.082% | $972K | $126K | 50x | as long as short |
| Lighter GRAMlong | +0.0632% | 1h | 1.4519 | long leg | $2.6M | $2.4M | 20x |
edgeX GRAMUSDC
ApeX Omni GRAMUSDT
Orderly PERP_GRAM_USDC_mythos
SunX GRAM-USDT
HTX GRAM-USDT
Phemex GRAMUSDT
Extended GRAM-USD
Backpack GRAM_USDC_PERP
Aster GRAMUSDT