Funding you earn now, next payment 06:00 UTC−0.1684%/8h= −184.4% APRpaid last 24h −0.332%
Price spread now: Bybit against Lighter−0.621%7-day average −0.228% · you buy dearer than you sell
Net, funding: paid 7d − costs−$286as in the Funding arb table
Net, price: spread back to 7d avg − costs−$229as in the Price arb table
costs, in and out, $10k−$1901.896% of the position
Funding, last 7 days−0.963%−$96 on $10k
+Price spread, last 4 days (all we have)+0.353%+$35 · spread now −0.621%, 7d avg −0.228%
=Together, before fees−0.610%+ Points / potential airdropLighter: Season 3 · farm board−$61 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$51 a day on $10k at the current rate, and Bybit is 0.393% cheaper against Lighter than usual: you would sell low and buy high (−$39 if the spread goes back to its 7-day average of −0.228%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.963% in total (about -50.2% 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 GRASS | 0.4430 | 0.1784 | pay 0.0223% / 1h | 34m 25s | $855K | $979K | 5x |
| Short | Bybit GRASSUSDT | 0.4403 | 0.0100 | get 0.0050% / 4h | 2h 34m | $25.0M | $18.9M | 25x |
Lighter GRASS
Bybit GRASSUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- −$353.64
- Price spread: −0.621% → −0.228%
- −$39.3
- Slippage, 4 orders
- −$178.61
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$582.55
- Costs to cover
- 1.896%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 11 min ago; Bybit: live order book, 9 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, 11 min ago | 29.22 bp | 124.2 bp −$124 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 9 min ago | 1.12 bp | 20.8 bp −$21 | 50.8 bp −$508 | 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 | −0.0109% | 1h | 0.4403 | −0.625% | $662 | — | 15x | as long as short |
| Injective GRASS/USDC PERP | +0.0033% | 1h | 0.4267 | −3.684% | $7 | $23K | 5.5x | as long as short |
| BloFin GRASS-USDT | +0.0056% | 4h | 0.4418 | −0.275% | $568K | $367K | 20x | as long as short |
| Binance GRASSUSDT | +0.0100% | 4h | 0.4406 | −0.554% | $10.4M | $33.9M | 75x | as long as short |
| Bybit GRASSUSDTshort | +0.0100% | 4h | 0.4403 | −0.621% | $25.0M | $18.9M | 25x | |
| OKX GRASS-USDT-SWAP | +0.0100% | 4h | 0.4402 | −0.637% | $3.5M | $19.4M | 20x | as long as short |
| Gate GRASS_USDT | +0.0100% | 4h | 0.4406 | −0.546% | $1.3M | $1.7M | 50x | as long as short |
| MEXC GRASS_USDT | +0.0100% | 4h | 0.4405 | −0.569% | $1.5M | $2.7M | 100x | as long as short |
| KuCoin GRASSUSDTM | +0.0100% | 4h | 0.4404 | −0.591% | $1.3M | $1.9M | 50x | as long as short |
| Bitget GRASSUSDT | +0.0100% | 4h | 0.4400 | −0.673% | $5.2M | $3.5M | 75x | as long as short |
Reya GRASSRUSDPERP
Injective GRASS/USDC PERP
BloFin GRASS-USDT
Binance 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 | 0.4406 | −0.546% | — | $7.4M | — | as long as short |
| Variational Omni GRASS | +0.0100% | 4h | 0.4429 | −0.020% | $2.2M | $1.3M | — | as long as short |
| Extended GRASS-USD | +0.0104% | 1h | 0.4405 | −0.578% | $218K | $771K | 10x | as long as short |
| Hyperliquid GRASS | +0.0462% | 1h | 0.4410 | −0.467% | $16.8M | $4.3M | 3x | as long as short |
| Aster GRASSUSDT | +0.0478% | 4h | 0.4410 | −0.451% | $59K | $290K | 10x | as long as short |
| Kraken Futures PF_GRASSUSD | +0.1452% | 1h | 0.4418 | −0.273% | $160K | $147K | 20x | as long as short |
| Lighter GRASSlong | +0.1784% | 1h | 0.4430 | long leg | $855K | $979K | 5x |
BingX GRASS-USDT
Variational Omni GRASS
Extended GRASS-USD
Hyperliquid GRASS
Aster GRASSUSDT
Kraken Futures PF_GRASSUSD