Funding you earn now, next payment 06:00 UTC−0.0028%/8h= −3.1% APRpaid last 24h −0.121%
Price spread now: edgeX against Lighter−0.206%7-day average −0.177% · you buy dearer than you sell
Net, funding: paid 7d − costs−$98as in the Funding arb table
Net, price: spread back to 7d avg − costs−$58as in the Price arb table
costs, in and out, $10k−$550.551% of the position
Funding, last 7 days−0.427%−$43 on $10k
+Price spread, last 4 days (all we have)−0.098%−$10 · spread now −0.206%, 7d avg −0.177%
=Together, before fees−0.525%+ Points / potential airdropLighter: Season 3 · edgeX: Active · farm board−$52 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and edgeX is 0.029% cheaper against Lighter than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.177%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter GRAM | 1.4411 | 0.0128 | pay 0.0016% / 1h | 49m 32s | $2.3M | $2.9M | 20x |
| Short | edgeX GRAMUSDC | 1.4382 | 0.0100 | get 0.0050% / 4h | 2h 49m | $17K | $275K | 10x |
Lighter GRAM
edgeX GRAMUSDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
edgeX 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
- −$5.88
- Price spread: −0.206% → −0.177%
- −$2.89
- Slippage, 4 orders
- −$46.11
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- −$63.89
- Costs to cover
- 0.551%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 3 min ago; edgeX: live order book, 63 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, 3 min ago | 1.56 bp | 5.3 bp −$5 | 34.3 bp −$343 | 172.1 bp −$17.2K | doesn't fit |
| Sell edgeX live order book, 63 min ago | 17.39 bp | 21.9 bp −$22 | 39.7 bp −$397 | doesn't fit | 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 | +0.546% | $4K | $143K | 12x | as long as short |
| Binance GRAMUSDT | +0.0100% | 4h | 1.4390 | −0.148% | $20.3M | $27.5M | 50x | as long as short |
| Bybit GRAMUSDT | +0.0100% | 4h | 1.4395 | −0.113% | $30.4M | $13.6M | 50x | as long as short |
| OKX GRAM-USDT-SWAP | +0.0100% | 4h | 1.4400 | −0.078% | $8.6M | $8.1M | 50x | as long as short |
| Gate GRAM_USDT | +0.0100% | 4h | 1.4397 | −0.099% | $3.6M | $3.4M | 75x | as long as short |
| MEXC GRAM_USDT | +0.0100% | 4h | 1.4400 | −0.078% | $16.5M | $2.6M | 20x | as long as short |
| KuCoin GRAMUSDTM | +0.0100% | 4h | 1.4403 | −0.058% | $9.2M | $10.1M | 50x | as long as short |
| Bitget GRAMUSDT | +0.0100% | 4h | 1.4391 | −0.141% | $7.1M | $4.0M | 50x | as long as short |
| edgeX GRAMUSDCshort | +0.0100% | 4h | 1.4382 | −0.206% | $17K | $275K | 10x | |
| ApeX Omni GRAMUSDT | +0.0100% | 1h | 1.4410 | −0.009% | $14K | $616K | 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
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 | 1.4400 | −0.078% | $2K | $1K | 10x | as long as short |
| SunX GRAM-USDT | +0.0100% | 4h | 1.4436 | +0.171% | $7K | $561K | 10x | as long as short |
| HTX GRAM-USDT | +0.0100% | 4h | 1.4427 | +0.109% | $331K | $584K | 30x | as long as short |
| Phemex GRAMUSDT | +0.0100% | 4h | 1.4400 | −0.078% | $1.6M | $1.8M | 20x | as long as short |
| Paradex GRAM-USD-PERP | +0.0100% | 8h | 1.4394 | −0.118% | $2K | $19 | 5x | as long as short |
| Extended GRAM-USD | +0.0104% | 1h | 1.4391 | −0.140% | $168K | $123K | 5x | as long as short |
| Lighter GRAMlong | +0.0128% | 1h | 1.4411 | long leg | $2.3M | $2.9M | 20x | |
| Aster GRAMUSDT | +0.0223% | 4h | 1.4417 | +0.043% | $966K | $120K | 50x | as long as short |
| BloFin GRAM-USDT | +0.0340% | 4h | 1.4390 | −0.148% | $1.4M | $239K | 50x | as long as short |
| Hyperliquid GRAM | +0.0391% | 1h | 1.4412 | +0.005% | $35.5M | $7.5M | 5x | as long as short |
| Backpack GRAM_USDC_PERP | +0.0680% | 1h | 1.4406 | −0.037% | $53K | $16K | 10x | as long as short |
Orderly PERP_GRAM_USDC_mythos
SunX GRAM-USDT
HTX GRAM-USDT
Phemex GRAMUSDT
Paradex GRAM-USD-PERP
Extended GRAM-USD
Aster GRAMUSDT
BloFin GRAM-USDT
Hyperliquid GRAM
Backpack GRAM_USDC_PERP