Funding you earn now, next payment 03:00 UTC+0.0756%/8h= +82.8% APRpaid last 24h +0.113%
Price spread now: Lighter against Binance+0.231%7-day average +0.099% · you sell dearer than you buy
Net, funding: paid 7d − costs+$4as in the Funding arb table
Net, price: spread back to 7d avg − costs−$23as in the Price arb table
costs, in and out, $10k−$360.365% of the position
Funding, last 7 days+0.409%+$41 on $10k
+Price spread, last 7 days−0.169%−$17 · spread now +0.231%, 7d avg +0.099%
=Together, before fees+0.240%+ Points / potential airdropLighter: Season 3 · farm board+$24 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$23 a day on $10k at the current rate, and Lighter is 0.132% dearer against Binance than usual: you sell high and buy low: +$13 more if the spread goes back to its 7-day average of +0.099%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.409% in total (about 21.3% 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 GRAMUSDT | 1.4500 | 0.0100 | pay 0.0050% / 4h | 1h 58m | $20.6M | $28.0M | 50x |
| Short | Lighter GRAM | 1.4533 | 0.0856 | get 0.0107% / 1h | 58m 24s | $2.6M | $2.4M | 20x |
Binance GRAMUSDT
Lighter GRAMFunding 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
- $158.76
- Price spread: +0.231% → +0.099%
- $13.21
- Slippage, 4 orders
- −$26.5
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $135.48
- Costs to cover
- 0.365%
- Break-even
- 1.0 days
Slippage from Binance: live order book, 13 min ago; Lighter: live order book, 4 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, 13 min ago | 3.44 bp | 8.5 bp −$8 | 28.4 bp −$284 | 268.8 bp −$26.9K | doesn't fit |
| Sell Lighter live order book, 4 min ago | 2.44 bp | 6.8 bp −$7 | 29.3 bp −$293 | 179.1 bp −$17.9K | 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 | −0.068% | $4K | $143K | 12x | as long as short |
| Paradex GRAM-USD-PERP | +0.0100% | 8h | 1.4502 | +0.017% | $2K | $19 | 5x | as long as short |
| Hyperliquid GRAM | +0.0100% | 1h | 1.4518 | +0.125% | $35.7M | $7.4M | 5x | as long as short |
| Binance GRAMUSDTlong | +0.0100% | 4h | 1.4500 | long leg | $20.6M | $28.0M | 50x | |
| Bybit GRAMUSDT | +0.0100% | 4h | 1.4500 | +0.001% | $30.8M | $14.0M | 50x | as long as short |
| OKX GRAM-USDT-SWAP | +0.0100% | 4h | 1.4490 | −0.068% | $8.6M | $8.5M | 50x | as long as short |
| Gate GRAM_USDT | +0.0100% | 4h | 1.4504 | +0.029% | $3.7M | $3.3M | 75x | as long as short |
| MEXC GRAM_USDT | +0.0100% | 4h | 1.4490 | −0.068% | $15.3M | $2.6M | 20x | as long as short |
| KuCoin GRAMUSDTM | +0.0100% | 4h | 1.4502 | +0.015% | $8.8M | $10.6M | 50x | as long as short |
| Bitget GRAMUSDT | +0.0100% | 4h | 1.4501 | +0.008% | $7.2M | $4.1M | 50x | as long as short |
Injective GRAM/USDC PERP
Paradex GRAM-USD-PERP
Hyperliquid GRAM
Bybit GRAMUSDT
OKX GRAM-USDT-SWAP
Gate GRAM_USDT
MEXC GRAM_USDT
KuCoin GRAMUSDTM
Bitget GRAMUSDTShow all 20 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Backpack GRAM_USDC_PERP | +0.0100% | 1h | 1.4495 | −0.034% | $53K | $17K | 10x | as long as short |
| edgeX GRAMUSDC | +0.0100% | 4h | 1.4476 | −0.168% | $17K | $274K | 10x | as long as short |
| ApeX Omni GRAMUSDT | +0.0100% | 1h | 1.4480 | −0.137% | $14K | $605K | 50x | as long as short |
| Orderly PERP_GRAM_USDC_mythos | +0.0100% | 4h | 1.4500 | +0.001% | $2K | $1K | 10x | as long as short |
| SunX GRAM-USDT | +0.0100% | 4h | 1.4518 | +0.125% | $7K | $597K | 10x | as long as short |
| HTX GRAM-USDT | +0.0100% | 4h | 1.4539 | +0.270% | $339K | $621K | 30x | as long as short |
| Phemex GRAMUSDT | +0.0100% | 4h | 1.4490 | −0.068% | $1.5M | $1.8M | 20x | as long as short |
| Extended GRAM-USD | +0.0104% | 1h | 1.4504 | +0.031% | $169K | $123K | 5x | as long as short |
| Aster GRAMUSDT | +0.0385% | 4h | 1.4510 | +0.070% | $972K | $126K | 50x | as long as short |
| Lighter GRAMshort | +0.0856% | 1h | 1.4533 | +0.231% | $2.6M | $2.4M | 20x |
Backpack GRAM_USDC_PERP
edgeX GRAMUSDC
ApeX Omni GRAMUSDT
Orderly PERP_GRAM_USDC_mythos
SunX GRAM-USDT
HTX GRAM-USDT
Phemex GRAMUSDT
Extended GRAM-USD
Aster GRAMUSDT