Funding you earn now, next payment 04:00 UTC+0.0008%/8h= +0.9% APRnext payment +$0.01 per $10,000 · paid last 24h −0.121%
Price spread now: Extended against Lighter−0.077%7-day average −0.171% · you buy dearer than you sell
Net, funding: paid 7d − costs−$86as in the Funding arb table
Net, price: spread back to 7d avg − costs−$34as in the Price arb table
costs, in and out, $10k−$430.429% of the position
Funding, last 7 days−0.435%−$44 on $10k
+Price spread, last 4 days (all we have)−0.131%−$13 · spread now −0.077%, 7d avg −0.171%
=Together, before fees−0.566%+ Points / potential airdropLighter: Season 3 · Extended: 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: Extended is 0.094% dearer against Lighter than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of −0.171%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter GRAM | 1.4396 | 0.0096 | pay 0.0012% / 1h | 20m 05s | $2.3M | $2.9M | 20x |
| Short | Extended GRAM-USD | 1.4384 | 0.0104 | get 0.0013% / 1h | 20m 05s | $168K | $123K | 5x |
Lighter GRAM
Extended GRAM-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended 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
- $1.68
- Price spread: −0.077% → −0.171%
- $9.42
- Slippage, 4 orders
- −$37.94
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$31.84
- Costs to cover
- 0.429%
- Break-even
- 139.7 days
Slippage from Lighter: live order book, 2 min ago; Extended: live order book, 36 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 | 2.08 bp | 4.6 bp −$5 | 27.0 bp −$270 | 174.2 bp −$17.4K | doesn't fit |
| Sell Extended live order book, 36 min ago | 4.84 bp | 16.3 bp −$16 | 93.5 bp −$935 | 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 | +0.656% | $4K | $143K | 12x | as long as short |
| Lighter GRAMlong | +0.0096% | 1h | 1.4396 | long leg | $2.3M | $2.9M | 20x | |
| Paradex GRAM-USD-PERP | +0.0097% | 8h | 1.4389 | −0.044% | $2K | $19 | 5x | as long as short |
| Hyperliquid GRAM | +0.0100% | 1h | 1.4395 | −0.003% | $35.4M | $7.3M | 5x | as long as short |
| Binance GRAMUSDT | +0.0100% | 4h | 1.4390 | −0.039% | $20.4M | $28.7M | 50x | as long as short |
| Bybit GRAMUSDT | +0.0100% | 4h | 1.4390 | −0.039% | $30.3M | $14.1M | 50x | as long as short |
| OKX GRAM-USDT-SWAP | +0.0100% | 4h | 1.4380 | −0.108% | $8.6M | $8.7M | 50x | as long as short |
| Gate GRAM_USDT | +0.0100% | 4h | 1.4388 | −0.053% | $3.6M | $3.5M | 75x | as long as short |
| MEXC GRAM_USDT | +0.0100% | 4h | 1.4380 | −0.108% | $15.4M | $2.6M | 20x | as long as short |
| KuCoin GRAMUSDTM | +0.0100% | 4h | 1.4389 | −0.046% | $8.8M | $10.5M | 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 | 1.4389 | −0.046% | $7.1M | $4.2M | 50x | as long as short |
| edgeX GRAMUSDC | +0.0100% | 4h | 1.4384 | −0.078% | $17K | $274K | 10x | as long as short |
| ApeX Omni GRAMUSDT | +0.0100% | 1h | 1.4400 | +0.031% | $14K | $614K | 50x | as long as short |
| Orderly PERP_GRAM_USDC_mythos | +0.0100% | 4h | 1.4390 | −0.039% | $2K | $1K | 10x | as long as short |
| SunX GRAM-USDT | +0.0100% | 4h | 1.4416 | +0.142% | $6K | $612K | 10x | as long as short |
| HTX GRAM-USDT | +0.0100% | 4h | 1.4432 | +0.253% | $327K | $688K | 30x | as long as short |
| Phemex GRAMUSDT | +0.0100% | 4h | 1.4390 | −0.039% | $1.5M | $1.8M | 20x | as long as short |
| Extended GRAM-USDshort | +0.0104% | 1h | 1.4384 | −0.077% | $168K | $123K | 5x | |
| Aster GRAMUSDT | +0.0161% | 4h | 1.4403 | +0.053% | $965K | $127K | 50x | as long as short |
| Backpack GRAM_USDC_PERP | +0.0230% | 1h | 1.4397 | +0.010% | $53K | $16K | 10x | as long as short |
| BloFin GRAM-USDT | +0.0340% | 4h | 1.4390 | −0.039% | $1.4M | $229K | 50x | as long as short |
Bitget GRAMUSDT
edgeX GRAMUSDC
ApeX Omni GRAMUSDT
Orderly PERP_GRAM_USDC_mythos
SunX GRAM-USDT
HTX GRAM-USDT
Phemex GRAMUSDT
Aster GRAMUSDT
Backpack GRAM_USDC_PERP
BloFin GRAM-USDT