Funding you earn now, next payment 02:00 UTC−0.0572%/8h= −62.6% APRpaid last 24h −0.111%
Price spread now: OKX against Lighter−0.340%7-day average −0.152% · you buy dearer than you sell
Net, funding: paid 7d − costs−$78as in the Funding arb table
Net, price: spread back to 7d avg − costs−$59as in the Price arb table
costs, in and out, $10k−$400.399% of the position
Funding, last 7 days−0.385%−$39 on $10k
+Price spread, last 7 days+0.303%+$30 · spread now −0.340%, 7d avg −0.152%
=Together, before fees−0.083%+ Points / potential airdropLighter: Season 3 · farm board−$8 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$17 a day on $10k at the current rate, and OKX is 0.188% cheaper against Lighter than usual: you would sell low and buy high (−$19 if the spread goes back to its 7-day average of −0.152%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.385% in total (about -20.1% 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 | 1.4569 | 0.0672 | pay 0.0084% / 1h | 17m 59s | $2.6M | $2.4M | 20x |
| Short | OKX GRAM-USDT-SWAP | 1.4520 | 0.0100 | get 0.0050% / 4h | 2h 17m | $8.7M | $8.6M | 50x |
Lighter GRAM
OKX GRAM-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- −$120.12
- Price spread: −0.340% → −0.152%
- −$18.81
- Slippage, 4 orders
- −$29.87
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$178.8
- Costs to cover
- 0.399%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 4 min ago; OKX: live order book, 5 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, 4 min ago | 1.44 bp | 7.7 bp −$8 | 32.1 bp −$321 | 186.5 bp −$18.6K | doesn't fit |
| Sell OKX live order book, 5 min ago | 3.43 bp | 11.8 bp −$12 | 36.8 bp −$368 | 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 | −0.546% | $4K | $143K | 12x | as long as short |
| Binance GRAMUSDT | +0.0100% | 4h | 1.4520 | −0.340% | $20.5M | $27.8M | 50x | as long as short |
| Bybit GRAMUSDT | +0.0100% | 4h | 1.4515 | −0.374% | $30.8M | $14.0M | 50x | as long as short |
| OKX GRAM-USDT-SWAPshort | +0.0100% | 4h | 1.4520 | −0.340% | $8.7M | $8.6M | 50x | |
| Gate GRAM_USDT | +0.0100% | 4h | 1.4531 | −0.264% | $3.7M | $3.3M | 75x | as long as short |
| MEXC GRAM_USDT | +0.0100% | 4h | 1.4530 | −0.271% | $15.4M | $2.7M | 20x | as long as short |
| KuCoin GRAMUSDTM | +0.0100% | 4h | 1.4548 | −0.148% | $8.8M | $10.7M | 50x | as long as short |
| Bitget GRAMUSDT | +0.0100% | 4h | 1.4530 | −0.271% | $7.2M | $4.1M | 50x | as long as short |
| edgeX GRAMUSDC | +0.0100% | 4h | 1.4582 | +0.086% | $17K | $273K | 10x | as long as short |
| ApeX Omni GRAMUSDT | +0.0100% | 1h | 1.4570 | +0.003% | $14K | $606K | 50x | as long as short |
Injective GRAM/USDC PERP
Binance GRAMUSDT
Bybit GRAMUSDT
Gate GRAM_USDT
MEXC GRAM_USDT
KuCoin GRAMUSDTM
Bitget GRAMUSDT
edgeX GRAMUSDC
ApeX Omni GRAMUSDTShow all 20 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_GRAM_USDC_mythos | +0.0100% | 4h | 1.4550 | −0.134% | $2K | $1K | 10x | as long as short |
| SunX GRAM-USDT | +0.0100% | 4h | 1.4558 | −0.079% | $7K | $599K | 10x | as long as short |
| HTX GRAM-USDT | +0.0100% | 4h | 1.4569 | −0.003% | $340K | $621K | 30x | as long as short |
| Phemex GRAMUSDT | +0.0100% | 4h | 1.4530 | −0.271% | $1.5M | $1.8M | 20x | as long as short |
| Paradex GRAM-USD-PERP | +0.0100% | 8h | 1.4535 | −0.235% | $2K | $19 | 5x | as long as short |
| Extended GRAM-USD | +0.0104% | 1h | 1.4516 | −0.366% | $170K | $123K | 5x | as long as short |
| Hyperliquid GRAM | +0.0203% | 1h | 1.4534 | −0.244% | $35.8M | $7.4M | 5x | as long as short |
| Backpack GRAM_USDC_PERP | +0.0419% | 1h | 1.4534 | −0.244% | $54K | $20K | 10x | as long as short |
| Aster GRAMUSDT | +0.0456% | 4h | 1.4555 | −0.097% | $975K | $126K | 50x | as long as short |
| Lighter GRAMlong | +0.0672% | 1h | 1.4569 | long leg | $2.6M | $2.4M | 20x |
Orderly PERP_GRAM_USDC_mythos
SunX GRAM-USDT
HTX GRAM-USDT
Phemex GRAMUSDT
Paradex GRAM-USD-PERP
Extended GRAM-USD
Hyperliquid GRAM
Backpack GRAM_USDC_PERP
Aster GRAMUSDT