Funding you earn now, next payment 00:00 UTC−0.0756%/8h= −82.8% APRpaid last 24h −0.113%
Price spread now: Binance against Lighter−0.197%7-day average −0.098% · you buy dearer than you sell
Net, funding: paid 7d − costs−$73as in the Funding arb table
Net, price: spread back to 7d avg − costs−$43as in the Price arb table
costs, in and out, $10k−$330.330% of the position
Funding, last 7 days−0.402%−$40 on $10k
+Price spread, last 7 days+0.134%+$13 · spread now −0.197%, 7d avg −0.098%
=Together, before fees−0.268%+ Points / potential airdropLighter: Season 3 · farm board−$27 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$23 a day on $10k at the current rate, and Binance is 0.099% cheaper against Lighter than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of −0.098%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.402% in total (about -21.0% 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 | 1.4499 | 0.0856 | pay 0.0107% / 1h | 24m 38s | $2.7M | $2.3M | 20x |
| Short | Binance GRAMUSDT | 1.4470 | 0.0100 | get 0.0050% / 4h | 24m 38s | $20.4M | $27.0M | 50x |
Lighter GRAM
Binance GRAMUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance 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
- −$158.76
- Price spread: −0.197% → −0.098%
- −$9.88
- Slippage, 4 orders
- −$23.01
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$201.64
- Costs to cover
- 0.330%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 3 min ago; Binance: live order book, 2 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, 3 min ago | 1.34 bp | 9.6 bp −$10 | 35.6 bp −$356 | 209.9 bp −$21.0K | doesn't fit |
| Sell Binance live order book, 2 min ago | 3.46 bp | 8.5 bp −$8 | 25.2 bp −$252 | 221.7 bp −$22.2K | 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 | +0.0033% | 1h | 1.4490 | −0.059% | $4K | $143K | 12x | as long as short |
| Paradex GRAM-USD-PERP | +0.0100% | 8h | 1.4461 | −0.258% | $2K | $30 | 5x | as long as short |
| Hyperliquid GRAM | +0.0100% | 1h | 1.4485 | −0.093% | $35.6M | $7.0M | 5x | as long as short |
| Binance GRAMUSDTshort | +0.0100% | 4h | 1.4470 | −0.197% | $20.4M | $27.0M | 50x | |
| Bybit GRAMUSDT | +0.0100% | 4h | 1.4462 | −0.252% | $30.7M | $14.0M | 50x | as long as short |
| OKX GRAM-USDT-SWAP | +0.0100% | 4h | 1.4450 | −0.335% | $8.6M | $8.5M | 50x | as long as short |
| Gate GRAM_USDT | +0.0100% | 4h | 1.4468 | −0.210% | $3.7M | $3.2M | 75x | as long as short |
| MEXC GRAM_USDT | +0.0100% | 4h | 1.4460 | −0.266% | $15.4M | $2.7M | 20x | as long as short |
| KuCoin GRAMUSDTM | +0.0100% | 4h | 1.4469 | −0.203% | $8.9M | $10.9M | 50x | as long as short |
| Bitget GRAMUSDT | +0.0100% | 4h | 1.4473 | −0.176% | $7.1M | $3.9M | 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 21 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Backpack GRAM_USDC_PERP | +0.0100% | 1h | 1.4475 | −0.162% | $43K | $15K | 10x | as long as short |
| edgeX GRAMUSDC | +0.0100% | 4h | 1.4496 | −0.017% | $17K | $270K | 10x | as long as short |
| ApeX Omni GRAMUSDT | +0.0100% | 1h | 1.4510 | +0.079% | $14K | $596K | 50x | as long as short |
| Orderly PERP_GRAM_USDC_mythos | +0.0100% | 4h | 1.4460 | −0.266% | $2K | $1K | 10x | as long as short |
| SunX GRAM-USDT | +0.0100% | 4h | 1.4477 | −0.148% | $6K | $591K | 10x | as long as short |
| Phemex GRAMUSDT | +0.0100% | 4h | 1.4460 | −0.266% | $1.6M | $1.7M | 20x | as long as short |
| Extended GRAM-USD | +0.0104% | 1h | 1.4467 | −0.217% | $169K | $123K | 5x | as long as short |
| Aster GRAMUSDT | +0.0149% | 4h | 1.4491 | −0.055% | $964K | $104K | 50x | as long as short |
| HTX GRAM-USDT | +0.0291% | 4h | 1.4525 | +0.183% | $336K | $631K | 30x | as long as short |
| BloFin GRAM-USDT | +0.0340% | 4h | 1.4490 | −0.059% | $1.4M | $215K | 50x | as long as short |
| Lighter GRAMlong | +0.0856% | 1h | 1.4499 | long leg | $2.7M | $2.3M | 20x |
Backpack GRAM_USDC_PERP
edgeX GRAMUSDC
ApeX Omni GRAMUSDT
Orderly PERP_GRAM_USDC_mythos
SunX GRAM-USDT
Phemex GRAMUSDT
Extended GRAM-USD
Aster GRAMUSDT
HTX GRAM-USDT
BloFin GRAM-USDT