Funding you earn now, next payment 21:00 UTC+0.1228%/8h= +134.5% APRpaid last 24h +0.081%
Price spread now: Lighter against Phemex+0.263%7-day average +0.145% · you sell dearer than you buy
Net, funding: paid 7d − costs−$129as in the Funding arb table
Net, price: spread back to 7d avg − costs−$147as in the Price arb table
costs, in and out, $10k−$1591.588% of the position
Funding, last 7 days+0.300%+$30 on $10k
+Price spread, last 3 days (all we have)−0.448%−$45 · spread now +0.263%, 7d avg +0.145%
=Together, before fees−0.148%+ Points / potential airdropLighter: Season 3 · farm board−$15 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$37 a day on $10k at the current rate, and Lighter is 0.119% dearer against Phemex than usual: you sell high and buy low: +$12 more if the spread goes back to its 7-day average of +0.145%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.300% in total (about 15.7% 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 | Phemex GRAMUSDT | 1.4650 | 0.0100 | pay 0.0050% / 4h | 3h 32m | $1.6M | $1.6M | 20x |
| Short | Lighter GRAM | 1.4689 | 0.1328 | get 0.0166% / 1h | 32m 21s | $2.7M | $2.4M | 20x |
Phemex GRAMUSDT
Lighter GRAMFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Phemex. 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
- $257.88
- Price spread: +0.263% → +0.145%
- $11.87
- Slippage, 4 orders
- −$146.82
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $110.93
- Costs to cover
- 1.588%
- Break-even
- 4.0 days
Slippage from Phemex: live order book, 1 min ago; Lighter: 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 Phemex live order book, 1 min ago | 23.88 bp | 60.6 bp −$61 | doesn't fit | doesn't fit | doesn't fit |
| Sell Lighter live order book, 5 min ago | 1.98 bp | 6.4 bp −$6 | 21.5 bp −$215 | 170.7 bp −$17.1K | 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 | −0.0043% | 1h | 1.4400 | −1.706% | $4K | $99K | 12x | as long as short |
| Paradex GRAM-USD-PERP | +0.0100% | 8h | 1.4653 | +0.019% | $2K | $30 | 5x | as long as short |
| Aster GRAMUSDT | +0.0100% | 4h | 1.4676 | +0.179% | $976K | $96K | 50x | as long as short |
| Binance GRAMUSDT | +0.0100% | 4h | 1.4654 | +0.025% | $21.1M | $25.2M | 50x | as long as short |
| Bybit GRAMUSDT | +0.0100% | 4h | 1.4650 | 0.000% | $30.9M | $13.5M | 50x | as long as short |
| OKX GRAM-USDT-SWAP | +0.0100% | 4h | 1.4650 | 0.000% | $8.7M | $8.7M | 50x | as long as short |
| Gate GRAM_USDT | +0.0100% | 4h | 1.4656 | +0.041% | $3.8M | $3.2M | 75x | as long as short |
| MEXC GRAM_USDT | +0.0100% | 4h | 1.4640 | −0.068% | $14.8M | $2.7M | 20x | as long as short |
| KuCoin GRAMUSDTM | +0.0100% | 4h | 1.4649 | −0.007% | $9.2M | $10.7M | 50x | as long as short |
| Bitget GRAMUSDT | +0.0100% | 4h | 1.4660 | +0.068% | $7.2M | $3.4M | 50x | as long as short |
Injective GRAM/USDC PERP
Paradex GRAM-USD-PERP
Aster GRAMUSDT
Binance GRAMUSDT
Bybit GRAMUSDT
OKX GRAM-USDT-SWAP
Gate GRAM_USDT
MEXC GRAM_USDT
KuCoin GRAMUSDTM
Bitget GRAMUSDTShow all 21 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| edgeX GRAMUSDC | +0.0100% | 4h | 1.4636 | −0.094% | $17K | $270K | 10x | as long as short |
| ApeX Omni GRAMUSDT | +0.0100% | 1h | 1.4640 | −0.068% | $14K | $585K | 50x | as long as short |
| Orderly PERP_GRAM_USDC_mythos | +0.0100% | 4h | 1.4660 | +0.068% | $2K | $1K | 10x | as long as short |
| SunX GRAM-USDT | +0.0100% | 4h | 1.4677 | +0.184% | $7K | $569K | 10x | as long as short |
| Phemex GRAMUSDTlong | +0.0100% | 4h | 1.4650 | long leg | $1.6M | $1.6M | 20x | |
| Extended GRAM-USD | +0.0104% | 1h | 1.4651 | +0.006% | $110K | $62K | 5x | as long as short |
| Backpack GRAM_USDC_PERP | +0.0285% | 1h | 1.4651 | +0.007% | $44K | $12K | 10x | as long as short |
| BloFin GRAM-USDT | +0.0340% | 4h | 1.4620 | −0.205% | $1.4M | $180K | 50x | as long as short |
| Lighter GRAMshort | +0.1328% | 1h | 1.4689 | +0.263% | $2.7M | $2.4M | 20x | |
| HTX GRAM-USDT | +0.1394% | 4h | 1.4687 | +0.253% | $340K | $643K | 30x | as long as short |
| Hyperliquid GRAM | +0.2254% | 1h | 1.4683 | +0.225% | $36.8M | $6.2M | 5x | as long as short |
edgeX GRAMUSDC
ApeX Omni GRAMUSDT
Orderly PERP_GRAM_USDC_mythos
SunX GRAM-USDT
Extended GRAM-USD
Backpack GRAM_USDC_PERP
BloFin GRAM-USDT
HTX GRAM-USDT
Hyperliquid GRAM