Funding you earn now, next payment 08:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.121%
Price spread now: edgeX against Lighter−0.207%79s7-day average −0.175% · you buy dearer than you sell
Net, funding: paid 7d − costs−$96as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$540.535% of the position
Funding, last 7 days−0.427%−$43 on $10k
+Price spread, last 4 days (all we have)−0.148%−$15 · spread now −0.207%, 7d avg −0.175%
=Together, before fees−0.575%+ Points / potential airdropLighter: Season 3 · edgeX: Active · farm board−$57 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: edgeX is 0.032% cheaper against Lighter than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.175%. The two prices were read 79 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter GRAM | 1.4345 | 0.0096 | pay 0.0012% / 1h | 8m 13s | $2.3M | $2.9M | 20x |
| Short | edgeX GRAMUSDC | 1.4315 | 0.0100 | get 0.0050% / 4h | 8m 13s | $16K | $274K | 10x |
Lighter GRAM
edgeX GRAMUSDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
edgeX 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
- $0.84
- Price spread: −0.207% → −0.175%
- −$3.19
- Slippage, 4 orders
- −$44.51
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- −$55.86
- Costs to cover
- 0.535%
- Break-even
- 472.5 days
Slippage from Lighter: live order book, 4 min ago; edgeX: live order book, 29 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, 4 min ago | 1.12 bp | 4.9 bp −$5 | 28.5 bp −$285 | 247.5 bp −$24.8K | doesn't fit |
| Sell edgeX live order book, 29 min ago | 17.45 bp | 22.0 bp −$22 | 40.7 bp −$407 | doesn't fit | 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 | +1.014% | $4K | $143K | 12x | as long as short |
| Lighter GRAMlong | +0.0096% | 1h | 1.4345 | long leg | $2.3M | $2.9M | 20x | |
| Binance GRAMUSDT | +0.0100% | 4h | 1.4335 | −0.070% | $20.2M | $27.2M | 50x | as long as short |
| Bybit GRAMUSDT | +0.0100% | 4h | 1.4324 | −0.144% | $30.3M | $13.4M | 50x | as long as short |
| OKX GRAM-USDT-SWAP | +0.0100% | 4h | 1.4340 | −0.032% | $8.6M | $8.0M | 50x | as long as short |
| Gate GRAM_USDT | +0.0100% | 4h | 1.4333 | −0.081% | $3.6M | $3.5M | 75x | as long as short |
| MEXC GRAM_USDT | +0.0100% | 4h | 1.4320 | −0.171% | $16.3M | $2.7M | 20x | as long as short |
| KuCoin GRAMUSDTM | +0.0100% | 4h | 1.4333 | −0.081% | $8.8M | $10.0M | 50x | as long as short |
| Bitget GRAMUSDT | +0.0100% | 4h | 1.4328 | −0.116% | $7.0M | $4.0M | 50x | as long as short |
| Backpack GRAM_USDC_PERP | +0.0100% | 1h | 1.4334 | −0.074% | $53K | $15K | 10x | as long as short |
Injective GRAM/USDC PERP
Binance GRAMUSDT
Bybit GRAMUSDT
OKX GRAM-USDT-SWAP
Gate GRAM_USDT
MEXC GRAM_USDT
KuCoin GRAMUSDTM
Bitget GRAMUSDT
Backpack GRAM_USDC_PERPShow all 21 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| edgeX GRAMUSDCshort | +0.0100% | 4h | 1.4315 | −0.207% | $16K | $274K | 10x | |
| ApeX Omni GRAMUSDT | +0.0100% | 1h | 1.4320 | −0.171% | $14K | $616K | 50x | as long as short |
| Orderly PERP_GRAM_USDC_mythos | +0.0100% | 4h | 1.4340 | −0.032% | $2K | $1K | 10x | as long as short |
| SunX GRAM-USDT | +0.0100% | 4h | 1.4356 | +0.079% | $6K | $557K | 10x | as long as short |
| HTX GRAM-USDT | +0.0100% | 4h | 1.4344 | −0.004% | $304K | $639K | 30x | as long as short |
| Phemex GRAMUSDT | +0.0100% | 4h | 1.4330 | −0.102% | $1.6M | $1.7M | 20x | as long as short |
| Paradex GRAM-USD-PERP | +0.0100% | 8h | 1.4330 | −0.105% | $2K | $31 | 5x | as long as short |
| Extended GRAM-USD | +0.0104% | 1h | 1.4333 | −0.084% | $167K | $122K | 5x | as long as short |
| Hyperliquid GRAM | +0.0153% | 1h | 1.4344 | −0.004% | $35.3M | $7.7M | 5x | as long as short |
| Aster GRAMUSDT | +0.0223% | 4h | 1.4358 | +0.095% | $968K | $124K | 50x | as long as short |
| BloFin GRAM-USDT | +0.0340% | 4h | 1.4330 | −0.102% | $1.4M | $243K | 50x | as long as short |
ApeX Omni GRAMUSDT
Orderly PERP_GRAM_USDC_mythos
SunX GRAM-USDT
HTX GRAM-USDT
Phemex GRAMUSDT
Paradex GRAM-USD-PERP
Extended GRAM-USD
Hyperliquid GRAM
Aster GRAMUSDT
BloFin GRAM-USDT