Funding you earn now, next payment 08:00 UTC+0.0008%/8h= +0.9% APRnext payment +$0.01 per $10,000 · paid last 24h −0.117%
Price spread now: Extended against Lighter−0.067%7-day average −0.170% · you buy dearer than you sell
Net, funding: paid 7d − costs−$91as in the Funding arb table
Net, price: spread back to 7d avg − costs−$37as in the Price arb table
costs, in and out, $10k−$470.471% of the position
Funding, last 7 days−0.436%−$44 on $10k
+Price spread, last 4 days (all we have)−0.136%−$14 · spread now −0.067%, 7d avg −0.170%
=Together, before fees−0.572%+ Points / potential airdropLighter: Season 3 · Extended: Active · farm board−$57 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Extended is 0.102% dearer against Lighter than usual: you sell high and buy low, +$10 on $10k if it goes back to its 7-day average of −0.170%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter GRAM | 1.4339 | 0.0096 | pay 0.0012% / 1h | 17m 09s | $2.3M | $2.9M | 20x |
| Short | Extended GRAM-USD | 1.4329 | 0.0104 | get 0.0013% / 1h | 17m 09s | $168K | $122K | 5x |
Lighter GRAM
Extended GRAM-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended 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
- $1.68
- Price spread: −0.067% → −0.170%
- $10.24
- Slippage, 4 orders
- −$42.06
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$35.15
- Costs to cover
- 0.471%
- Break-even
- 153.4 days
Slippage from Lighter: live order book, 5 min ago; Extended: live order book, 18 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, 5 min ago | 2.13 bp | 7.0 bp −$7 | 30.1 bp −$301 | 248.4 bp −$24.8K | doesn't fit |
| Sell Extended live order book, 18 min ago | 5.24 bp | 17.0 bp −$17 | 91.3 bp −$913 | 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 | +1.057% | $4K | $143K | 12x | as long as short |
| Lighter GRAMlong | +0.0096% | 1h | 1.4339 | long leg | $2.3M | $2.9M | 20x | |
| Binance GRAMUSDT | +0.0100% | 4h | 1.4330 | −0.059% | $20.2M | $27.3M | 50x | as long as short |
| Bybit GRAMUSDT | +0.0100% | 4h | 1.4326 | −0.087% | $30.3M | $13.4M | 50x | as long as short |
| OKX GRAM-USDT-SWAP | +0.0100% | 4h | 1.4320 | −0.129% | $8.5M | $8.0M | 50x | as long as short |
| Gate GRAM_USDT | +0.0100% | 4h | 1.4330 | −0.059% | $3.6M | $3.5M | 75x | as long as short |
| MEXC GRAM_USDT | +0.0100% | 4h | 1.4320 | −0.129% | $16.2M | $2.7M | 20x | as long as short |
| KuCoin GRAMUSDTM | +0.0100% | 4h | 1.4327 | −0.080% | $8.8M | $10.0M | 50x | as long as short |
| Bitget GRAMUSDT | +0.0100% | 4h | 1.4326 | −0.087% | $7.0M | $4.0M | 50x | as long as short |
| Backpack GRAM_USDC_PERP | +0.0100% | 1h | 1.4336 | −0.017% | $53K | $15K | 10x | 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
Backpack GRAM_USDC_PERPShow all 21 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| edgeX GRAMUSDC | +0.0100% | 4h | 1.4318 | −0.141% | $16K | $276K | 10x | as long as short |
| ApeX Omni GRAMUSDT | +0.0100% | 1h | 1.4330 | −0.059% | $14K | $615K | 50x | as long as short |
| Orderly PERP_GRAM_USDC_mythos | +0.0100% | 4h | 1.4330 | −0.059% | $2K | $1K | 10x | as long as short |
| SunX GRAM-USDT | +0.0100% | 4h | 1.4356 | +0.122% | $6K | $560K | 10x | as long as short |
| HTX GRAM-USDT | +0.0100% | 4h | 1.4348 | +0.066% | $304K | $639K | 30x | as long as short |
| Phemex GRAMUSDT | +0.0100% | 4h | 1.4320 | −0.129% | $1.5M | $1.7M | 20x | as long as short |
| Paradex GRAM-USD-PERP | +0.0100% | 8h | 1.4323 | −0.107% | $2K | $31 | 5x | as long as short |
| Extended GRAM-USDshort | +0.0104% | 1h | 1.4329 | −0.067% | $168K | $122K | 5x | |
| Hyperliquid GRAM | +0.0160% | 1h | 1.4341 | +0.016% | $35.3M | $7.7M | 5x | as long as short |
| Aster GRAMUSDT | +0.0223% | 4h | 1.4350 | +0.080% | $968K | $124K | 50x | as long as short |
| BloFin GRAM-USDT | +0.0340% | 4h | 1.4310 | −0.199% | $1.4M | $242K | 50x | as long as short |
edgeX GRAMUSDC
ApeX Omni GRAMUSDT
Orderly PERP_GRAM_USDC_mythos
SunX GRAM-USDT
HTX GRAM-USDT
Phemex GRAMUSDT
Paradex GRAM-USD-PERP
Hyperliquid GRAM
Aster GRAMUSDT
BloFin GRAM-USDT