Funding you earn now, next payment 23:00 UTC−0.0652%/8h= −71.4% APRpaid last 24h −0.103%
Price spread now: SunX against Lighter−0.298%7-day average −0.001% · you buy dearer than you sell
Net, funding: paid 7d − costs−$166as in the Funding arb table
Net, price: spread back to 7d avg − costs−$164as in the Price arb table
costs, in and out, $10k−$1341.342% of the position
Funding, last 7 days−0.322%−$32 on $10k
+Price spread, last 3 days (all we have)+0.317%+$32 · spread now −0.298%, 7d avg −0.001%
=Together, before fees−0.005%+ Points / potential airdropLighter: Season 3 · farm board−$1 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$20 a day on $10k at the current rate, and SunX is 0.297% cheaper against Lighter than usual: you would sell low and buy high (−$30 if the spread goes back to its 7-day average of −0.001%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.322% in total (about -16.8% 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 | 1.4549 | 0.0752 | pay 0.0094% / 1h | 45m 34s | $2.7M | $2.3M | 20x |
| Short | SunX GRAM-USDT | 1.4506 | 0.0100 | get 0.0050% / 4h | 1h 45m | $7K | $589K | 10x |
Lighter GRAM
SunX GRAM-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
SunX 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
- −$136.92
- Price spread: −0.298% → −0.001%
- −$29.73
- Slippage, 4 orders
- −$126.19
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee SunX: 4 bp × 2 orders
- −$8
- Net
- −$300.84
- Costs to cover
- 1.342%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 2 min ago; SunX: live order book, 26 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, 2 min ago | 1.03 bp | 6.5 bp −$6 | 34.4 bp −$344 | 220.7 bp −$22.1K | doesn't fit |
| Sell SunX live order book, 26 min ago | 32.70 bp | 66.9 bp −$67 | doesn't fit | 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 | −0.0387% | 1h | 1.4490 | −0.408% | $4K | $143K | 12x | as long as short |
| Paradex GRAM-USD-PERP | +0.0099% | 8h | 1.4515 | −0.237% | $2K | $30 | 5x | as long as short |
| Binance GRAMUSDT | +0.0100% | 4h | 1.4520 | −0.202% | $20.6M | $26.7M | 50x | as long as short |
| Bybit GRAMUSDT | +0.0100% | 4h | 1.4518 | −0.216% | $30.7M | $14.0M | 50x | as long as short |
| OKX GRAM-USDT-SWAP | +0.0100% | 4h | 1.4510 | −0.271% | $8.7M | $8.5M | 50x | as long as short |
| Gate GRAM_USDT | +0.0100% | 4h | 1.4519 | −0.209% | $3.7M | $3.2M | 75x | as long as short |
| MEXC GRAM_USDT | +0.0100% | 4h | 1.4510 | −0.271% | $15.4M | $2.8M | 20x | as long as short |
| KuCoin GRAMUSDTM | +0.0100% | 4h | 1.4516 | −0.230% | $8.6M | $10.9M | 50x | as long as short |
| Bitget GRAMUSDT | +0.0100% | 4h | 1.4521 | −0.195% | $7.2M | $3.8M | 50x | as long as short |
| Backpack GRAM_USDC_PERP | +0.0100% | 1h | 1.4508 | −0.285% | $45K | $13K | 10x | as long as short |
Injective GRAM/USDC PERP
Paradex GRAM-USD-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 | 1.4487 | −0.427% | $17K | $272K | 10x | as long as short |
| ApeX Omni GRAMUSDT | +0.0100% | 1h | 1.4490 | −0.408% | $13K | $589K | 50x | as long as short |
| Orderly PERP_GRAM_USDC_mythos | +0.0100% | 4h | 1.4490 | −0.408% | $2K | $1K | 10x | as long as short |
| SunX GRAM-USDTshort | +0.0100% | 4h | 1.4506 | −0.298% | $7K | $589K | 10x | |
| Phemex GRAMUSDT | +0.0100% | 4h | 1.4500 | −0.340% | $1.6M | $1.7M | 20x | as long as short |
| Extended GRAM-USD | +0.0104% | 1h | 1.4516 | −0.231% | $169K | $123K | 5x | as long as short |
| Aster GRAMUSDT | +0.0236% | 4h | 1.4537 | −0.088% | $967K | $98K | 50x | as long as short |
| BloFin GRAM-USDT | +0.0340% | 4h | 1.4470 | −0.546% | $1.4M | $209K | 50x | as long as short |
| Hyperliquid GRAM | +0.0465% | 1h | 1.4535 | −0.099% | $35.9M | $6.9M | 5x | as long as short |
| HTX GRAM-USDT | +0.0684% | 4h | 1.4524 | −0.175% | $337K | $621K | 30x | as long as short |
| Lighter GRAMlong | +0.0752% | 1h | 1.4549 | long leg | $2.7M | $2.3M | 20x |
edgeX GRAMUSDC
ApeX Omni GRAMUSDT
Orderly PERP_GRAM_USDC_mythos
Phemex GRAMUSDT
Extended GRAM-USD
Aster GRAMUSDT
BloFin GRAM-USDT
Hyperliquid GRAM
HTX GRAM-USDT