Funding you earn now, next payment 03:00 UTC+0.2204%/8h= +241.3% APRpaid last 24h +0.283%
Price spread now: Lighter against Binance+0.363%7-day average +0.056% · you sell dearer than you buy
Net, funding: paid 7d − costs−$134as in the Funding arb table
Net, price: spread back to 7d avg − costs−$185as in the Price arb table
costs, in and out, $10k−$2162.156% of the position
Funding, last 7 days+0.817%+$82 on $10k
+Price spread, last 4 days (all we have)−0.388%−$39 · spread now +0.363%, 7d avg +0.056%
=Together, before fees+0.429%+ Points / potential airdropLighter: Season 3 · farm board+$43 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$66 a day on $10k at the current rate, and Lighter is 0.308% dearer against Binance than usual: you sell high and buy low: +$31 more if the spread goes back to its 7-day average of +0.056%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.817% in total (about 42.6% 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 | Binance GRASSUSDT | 0.4240 | 0.0100 | pay 0.0050% / 4h | 1h 08m | $10.1M | $29.6M | 75x |
| Short | Lighter GRASS | 0.4255 | 0.2304 | get 0.0288% / 1h | 8m 43s | $916K | $875K | 5x |
Binance GRASSUSDT
Lighter GRASSFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Binance. 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
- $462.84
- Price spread: +0.363% → +0.056%
- $30.77
- Slippage, 4 orders
- −$205.63
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $277.98
- Costs to cover
- 2.156%
- Break-even
- 2.8 days
Slippage from Binance: live order book, 3 min ago; Lighter: live order book, 51 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 Binance live order book, 3 min ago | 3.52 bp | 20.7 bp −$21 | 43.7 bp −$437 | 388.8 bp −$38.9K | doesn't fit |
| Sell Lighter live order book, 51 min ago | 43.13 bp | 51.4 bp −$51 | 150.6 bp −$1,506 | doesn't fit | doesn't fit |
GRASS on 17 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 | |
|---|---|---|---|---|---|---|---|---|
| Reya GRASSRUSDPERP | −0.0111% | 1h | 0.4234 | −0.142% | $636 | — | 15x | as long as short |
| Kraken Futures PF_GRASSUSD | +0.0004% | 1h | 0.4238 | −0.050% | $153K | $132K | 20x | as long as short |
| Injective GRASS/USDC PERP | +0.0033% | 1h | 0.4267 | +0.637% | $7 | $23K | 5.5x | as long as short |
| Binance GRASSUSDTlong | +0.0100% | 4h | 0.4240 | long leg | $10.1M | $29.6M | 75x | |
| Bybit GRASSUSDT | +0.0100% | 4h | 0.4239 | −0.024% | $23.7M | $16.9M | 25x | as long as short |
| OKX GRASS-USDT-SWAP | +0.0100% | 4h | 0.4242 | +0.047% | $3.2M | $15.9M | 20x | as long as short |
| Gate GRASS_USDT | +0.0100% | 4h | 0.4235 | −0.118% | $1.2M | $1.6M | 50x | as long as short |
| MEXC GRASS_USDT | +0.0100% | 4h | 0.4237 | −0.071% | $1.2M | $2.4M | 100x | as long as short |
| KuCoin GRASSUSDTM | +0.0100% | 4h | 0.4238 | −0.047% | $1.3M | $1.7M | 50x | as long as short |
| Bitget GRASSUSDT | +0.0100% | 4h | 0.4230 | −0.224% | $4.9M | $3.3M | 75x | as long as short |
Reya GRASSRUSDPERP
Kraken Futures PF_GRASSUSD
Injective GRASS/USDC PERP
Bybit GRASSUSDT
OKX GRASS-USDT-SWAP
Gate GRASS_USDT
MEXC GRASS_USDT
KuCoin GRASSUSDTM
Bitget GRASSUSDTShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX GRASS-USDT | +0.0100% | 4h | 0.4237 | −0.071% | — | $7.3M | — | as long as short |
| Variational Omni GRASS | +0.0100% | 4h | 0.4246 | +0.134% | $2.1M | $1.2M | — | as long as short |
| Extended GRASS-USD | +0.0104% | 1h | 0.4231 | −0.209% | $210K | $907K | 10x | as long as short |
| BloFin GRASS-USDT | +0.0135% | 4h | 0.4237 | −0.071% | $542K | $306K | 20x | as long as short |
| Aster GRASSUSDT | +0.0536% | 4h | 0.4234 | −0.133% | $66K | $227K | 10x | as long as short |
| Hyperliquid GRASS | +0.0896% | 1h | 0.4242 | +0.042% | $16.0M | $4.0M | 3x | as long as short |
| Lighter GRASSshort | +0.2304% | 1h | 0.4255 | +0.363% | $916K | $875K | 5x |
BingX GRASS-USDT
Variational Omni GRASS
Extended GRASS-USD
BloFin GRASS-USDT
Aster GRASSUSDT
Hyperliquid GRASS