Funding you earn now, next payment 04:00 UTC+0.0244%/8h= +26.7% APRpaid last 24h −0.046%
Price spread now: BloFin against Lighter−0.234%7-day average −0.155% · you buy dearer than you sell
Net, funding: paid 7d − costs−$44as in the Funding arb table
Net, price: spread back to 7d avg − costs−$56as in the Price arb table
costs, in and out, $10k−$480.481% of the position
Funding, last 7 days+0.039%+$4 on $10k
+Price spread, last 4 days (all we have)+0.258%+$26 · spread now −0.234%, 7d avg −0.155%
=Together, before fees+0.297%+ Points / potential airdropLighter: Season 3 · farm board+$30 on $10k · with fees, hour by hour
Funding pays, the price is against you. BloFin is 0.080% cheaper against Lighter than usual: you would sell low and buy high (spread −0.234% now, against its 7-day average of −0.155%). If the spread goes back, that is −$8 on $10k: about 26 hours of funding at the current rate (+$7 a day). At the pace of the last 7 days (+0.039% in total) that is about 14 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.039% in total (about 2.0% 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 | 1.4414 | 0.0096 | pay 0.0012% / 1h | 14m 46s | $2.3M | $2.9M | 20x |
| Short | BloFin GRAM-USDT | 1.4380 | 0.0340 | get 0.0170% / 4h | 14m 46s | $1.4M | $229K | 50x |
Lighter GRAM
BloFin GRAM-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- $51.24
- Price spread: −0.234% → −0.155%
- −$7.95
- Slippage, 4 orders
- −$36.12
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$4.84
- Costs to cover
- 0.481%
- Break-even
- 7.7 days
Slippage from Lighter: live order book, 2 min ago; BloFin: live order book, 3 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, 2 min ago | 1.22 bp | 4.1 bp −$4 | 28.2 bp −$282 | 175.7 bp −$17.6K | doesn't fit |
| Sell BloFin live order book, 3 min ago | 3.48 bp | 21.7 bp −$22 | 33.7 bp −$337 | 160.1 bp −$16.0K | 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 | +0.529% | $4K | $143K | 12x | as long as short |
| Lighter GRAMlong | +0.0096% | 1h | 1.4414 | long leg | $2.3M | $2.9M | 20x | |
| Paradex GRAM-USD-PERP | +0.0097% | 8h | 1.4401 | −0.090% | $2K | $19 | 5x | as long as short |
| Hyperliquid GRAM | +0.0100% | 1h | 1.4410 | −0.026% | $35.4M | $7.3M | 5x | as long as short |
| Binance GRAMUSDT | +0.0100% | 4h | 1.4405 | −0.058% | $20.4M | $28.8M | 50x | as long as short |
| Bybit GRAMUSDT | +0.0100% | 4h | 1.4403 | −0.075% | $30.3M | $14.1M | 50x | as long as short |
| OKX GRAM-USDT-SWAP | +0.0100% | 4h | 1.4400 | −0.096% | $8.6M | $8.7M | 50x | as long as short |
| Gate GRAM_USDT | +0.0100% | 4h | 1.4402 | −0.082% | $3.6M | $3.5M | 75x | as long as short |
| MEXC GRAM_USDT | +0.0100% | 4h | 1.4400 | −0.096% | $15.4M | $2.6M | 20x | as long as short |
| KuCoin GRAMUSDTM | +0.0100% | 4h | 1.4403 | −0.075% | $8.9M | $10.4M | 50x | as long as short |
Injective GRAM/USDC PERP
Paradex GRAM-USD-PERP
Hyperliquid GRAM
Binance GRAMUSDT
Bybit GRAMUSDT
OKX GRAM-USDT-SWAP
Gate GRAM_USDT
MEXC GRAM_USDT
KuCoin GRAMUSDTMShow all 21 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget GRAMUSDT | +0.0100% | 4h | 1.4405 | −0.061% | $7.1M | $4.2M | 50x | as long as short |
| edgeX GRAMUSDC | +0.0100% | 4h | 1.4379 | −0.239% | $17K | $275K | 10x | as long as short |
| ApeX Omni GRAMUSDT | +0.0100% | 1h | 1.4390 | −0.165% | $14K | $614K | 50x | as long as short |
| Orderly PERP_GRAM_USDC_mythos | +0.0100% | 4h | 1.4400 | −0.096% | $2K | $1K | 10x | as long as short |
| SunX GRAM-USDT | +0.0100% | 4h | 1.4417 | +0.022% | $6K | $612K | 10x | as long as short |
| HTX GRAM-USDT | +0.0100% | 4h | 1.4414 | +0.001% | $326K | $688K | 30x | as long as short |
| Phemex GRAMUSDT | +0.0100% | 4h | 1.4390 | −0.165% | $1.5M | $1.8M | 20x | as long as short |
| Extended GRAM-USD | +0.0104% | 1h | 1.4401 | −0.086% | $168K | $123K | 5x | as long as short |
| Aster GRAMUSDT | +0.0137% | 4h | 1.4415 | +0.012% | $966K | $127K | 50x | as long as short |
| Backpack GRAM_USDC_PERP | +0.0233% | 1h | 1.4406 | −0.054% | $53K | $16K | 10x | as long as short |
| BloFin GRAM-USDTshort | +0.0340% | 4h | 1.4380 | −0.234% | $1.4M | $229K | 50x |
Bitget GRAMUSDT
edgeX GRAMUSDC
ApeX Omni GRAMUSDT
Orderly PERP_GRAM_USDC_mythos
SunX GRAM-USDT
HTX GRAM-USDT
Phemex GRAMUSDT
Extended GRAM-USD
Aster GRAMUSDT
Backpack GRAM_USDC_PERP