Funding you earn now, next payment 23:00 UTC−0.0444%/8h= −48.6% APRpaid last 24h −0.103%
Price spread now: Phemex against Lighter−0.263%7-day average −0.147% · you buy dearer than you sell
Net, funding: paid 7d − costs−$169as in the Funding arb table
Net, price: spread back to 7d avg − costs−$149as in the Price arb table
costs, in and out, $10k−$1371.370% of the position
Funding, last 7 days−0.322%−$32 on $10k
+Price spread, last 3 days (all we have)+0.152%+$15 · spread now −0.263%, 7d avg −0.147%
=Together, before fees−0.170%+ Points / potential airdropLighter: Season 3 · farm board−$17 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$13 a day on $10k at the current rate, and Phemex is 0.117% cheaper against Lighter than usual: you would sell low and buy high (−$12 if the spread goes back to its 7-day average of −0.147%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter GRAM | 1.4498 | 0.0544 | pay 0.0068% / 1h | 4m 26s | $2.7M | $2.3M | 20x |
| Short | Phemex GRAMUSDT | 1.4460 | 0.0100 | get 0.0050% / 4h | 1h 04m | $1.6M | $1.7M | 20x |
Lighter GRAM
Phemex GRAMUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex 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
- −$93.24
- Price spread: −0.263% → −0.147%
- −$11.66
- Slippage, 4 orders
- −$125.03
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$241.94
- Costs to cover
- 1.370%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 8 min ago; Phemex: live order book, 4 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, 8 min ago | 0.83 bp | 3.8 bp −$4 | 35.1 bp −$351 | 202.9 bp −$20.3K | doesn't fit |
| Sell Phemex live order book, 4 min ago | 6.92 bp | 62.2 bp −$62 | 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 PERP | −0.0387% | 1h | 1.4490 | −0.057% | $4K | $143K | 12x | as long as short |
| Paradex GRAM-USD-PERP | +0.0100% | 8h | 1.4467 | −0.212% | $2K | $30 | 5x | as long as short |
| Hyperliquid GRAM | +0.0100% | 1h | 1.4480 | −0.126% | $35.6M | $7.0M | 5x | as long as short |
| Binance GRAMUSDT | +0.0100% | 4h | 1.4466 | −0.225% | $20.5M | $26.8M | 50x | as long as short |
| Bybit GRAMUSDT | +0.0100% | 4h | 1.4470 | −0.195% | $30.7M | $14.0M | 50x | as long as short |
| OKX GRAM-USDT-SWAP | +0.0100% | 4h | 1.4460 | −0.263% | $8.6M | $8.5M | 50x | as long as short |
| Gate GRAM_USDT | +0.0100% | 4h | 1.4471 | −0.188% | $3.7M | $3.2M | 75x | as long as short |
| MEXC GRAM_USDT | +0.0100% | 4h | 1.4470 | −0.195% | $15.4M | $2.8M | 20x | as long as short |
| KuCoin GRAMUSDTM | +0.0100% | 4h | 1.4465 | −0.229% | $8.9M | $11.0M | 50x | as long as short |
| Bitget GRAMUSDT | +0.0100% | 4h | 1.4469 | −0.201% | $7.1M | $3.8M | 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 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 | 1.4468 | −0.208% | $43K | $15K | 10x | as long as short |
| edgeX GRAMUSDC | +0.0100% | 4h | 1.4443 | −0.380% | $17K | $271K | 10x | as long as short |
| ApeX Omni GRAMUSDT | +0.0100% | 1h | 1.4450 | −0.332% | $13K | $591K | 50x | as long as short |
| Orderly PERP_GRAM_USDC_mythos | +0.0100% | 4h | 1.4480 | −0.126% | $2K | $1K | 10x | as long as short |
| SunX GRAM-USDT | +0.0100% | 4h | 1.4477 | −0.146% | $7K | $594K | 10x | as long as short |
| Phemex GRAMUSDTshort | +0.0100% | 4h | 1.4460 | −0.263% | $1.6M | $1.7M | 20x | |
| Extended GRAM-USD | +0.0104% | 1h | 1.4471 | −0.190% | $169K | $123K | 5x | as long as short |
| Aster GRAMUSDT | +0.0153% | 4h | 1.4480 | −0.126% | $964K | $99K | 50x | as long as short |
| BloFin GRAM-USDT | +0.0340% | 4h | 1.4450 | −0.332% | $1.4M | $215K | 50x | as long as short |
| HTX GRAM-USDT | +0.0352% | 4h | 1.4497 | −0.008% | $335K | $628K | 30x | as long as short |
| Lighter GRAMlong | +0.0544% | 1h | 1.4498 | long leg | $2.7M | $2.3M | 20x |
Backpack GRAM_USDC_PERP
edgeX GRAMUSDC
ApeX Omni GRAMUSDT
Orderly PERP_GRAM_USDC_mythos
SunX GRAM-USDT
Extended GRAM-USD
Aster GRAMUSDT
BloFin GRAM-USDT
HTX GRAM-USDT