Funding you earn now, next payment 03:00 UTC−0.0791%/8h= −86.6% APRnext payment −$0.99 per $10,000 · paid last 24h −0.154%
Price spread now: Injective against Lighter−0.353%7-day average −0.169% · you buy dearer than you sell
Net, funding: paid 7d − costs−$143as in the Funding arb table
Net, price: spread back to 7d avg − costs−$107as in the Price arb table
costs, in and out, $10k−$890.891% of the position
Funding, last 7 days−0.536%−$54 on $10k
+Price spread, last 4 days (all we have)+0.173%+$17 · spread now −0.353%, 7d avg −0.169%
=Together, before fees−0.362%+ Points / potential airdropLighter: Season 3 · farm board−$36 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$24 a day on $10k at the current rate, and Injective is 0.184% cheaper against Lighter than usual: you would sell low and buy high (−$18 if the spread goes back to its 7-day average of −0.169%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.536% in total (about -27.9% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.99 per $10,000. 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 | 1.4541 | 0.0824 | pay 0.0103% / 1h | 9m 17s | $2.6M | $2.4M | 20x |
| Short | Injective GRAM/USDC PERP | 1.4490 | 0.0033 | get 0.0004% / 1h | 9m 17s | $4K | $143K | 12x |
Lighter GRAM
Injective GRAM/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective 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
- −$166.04
- Price spread: −0.353% → −0.169%
- −$18.4
- Slippage, 4 orders
- −$89.03
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$273.49
- Costs to cover
- 0.891%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 3 min ago; Injective: live order book, 35 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 | 1.55 bp | 4.7 bp −$5 | 24.7 bp −$247 | 180.4 bp −$18.0K | doesn't fit |
| Sell Injective live order book, 35 min ago | 37.97 bp | 38.0 bp −$38 | doesn't fit | 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 PERPshort | +0.0033% | 1h | 1.4490 | −0.353% | $4K | $143K | 12x | |
| Paradex GRAM-USD-PERP | +0.0100% | 8h | 1.4512 | −0.202% | $2K | $19 | 5x | as long as short |
| Binance GRAMUSDT | +0.0100% | 4h | 1.4520 | −0.147% | $20.7M | $28.1M | 50x | as long as short |
| Bybit GRAMUSDT | +0.0100% | 4h | 1.4512 | −0.202% | $30.8M | $13.8M | 50x | as long as short |
| OKX GRAM-USDT-SWAP | +0.0100% | 4h | 1.4510 | −0.216% | $8.7M | $8.6M | 50x | as long as short |
| Gate GRAM_USDT | +0.0100% | 4h | 1.4523 | −0.127% | $3.7M | $3.4M | 75x | as long as short |
| MEXC GRAM_USDT | +0.0100% | 4h | 1.4520 | −0.147% | $15.3M | $2.6M | 20x | as long as short |
| KuCoin GRAMUSDTM | +0.0100% | 4h | 1.4515 | −0.182% | $8.8M | $10.4M | 50x | as long as short |
| Bitget GRAMUSDT | +0.0100% | 4h | 1.4518 | −0.161% | $7.2M | $4.1M | 50x | as long as short |
| Backpack GRAM_USDC_PERP | +0.0100% | 1h | 1.4534 | −0.051% | $54K | $16K | 10x | as long as short |
Paradex GRAM-USD-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 GRAMUSDC | +0.0100% | 4h | 1.4477 | −0.443% | $17K | $273K | 10x | as long as short |
| ApeX Omni GRAMUSDT | +0.0100% | 1h | 1.4490 | −0.353% | $14K | $608K | 50x | as long as short |
| Orderly PERP_GRAM_USDC_mythos | +0.0100% | 4h | 1.4510 | −0.216% | $2K | $1K | 10x | as long as short |
| SunX GRAM-USDT | +0.0100% | 4h | 1.4558 | +0.114% | $7K | $596K | 10x | as long as short |
| HTX GRAM-USDT | +0.0100% | 4h | 1.4578 | +0.252% | $340K | $620K | 30x | as long as short |
| Phemex GRAMUSDT | +0.0100% | 4h | 1.4510 | −0.216% | $1.5M | $1.8M | 20x | as long as short |
| Extended GRAM-USD | +0.0104% | 1h | 1.4516 | −0.173% | $169K | $123K | 5x | as long as short |
| Aster GRAMUSDT | +0.0339% | 4h | 1.4520 | −0.147% | $973K | $126K | 50x | as long as short |
| BloFin GRAM-USDT | +0.0340% | 4h | 1.4520 | −0.147% | $1.4M | $208K | 50x | as long as short |
| Hyperliquid GRAM | +0.0343% | 1h | 1.4529 | −0.085% | $35.8M | $7.2M | 5x | as long as short |
| Lighter GRAMlong | +0.0824% | 1h | 1.4541 | long leg | $2.6M | $2.4M | 20x |
edgeX GRAMUSDC
ApeX Omni GRAMUSDT
Orderly PERP_GRAM_USDC_mythos
SunX GRAM-USDT
HTX GRAM-USDT
Phemex GRAMUSDT
Extended GRAM-USD
Aster GRAMUSDT
BloFin GRAM-USDT
Hyperliquid GRAM