Funding you earn now, next payment 01:00 UTC−0.1972%/8h= −215.9% APRpaid last 24h −0.251%
Price spread now: Bybit against Lighter−0.492%7-day average −0.212% · you buy dearer than you sell
Net, funding: paid 7d − costs−$276as in the Funding arb table
Net, price: spread back to 7d avg − costs−$219as in the Price arb table
costs, in and out, $10k−$1911.907% of the position
Funding, last 7 days−0.857%−$86 on $10k
+Price spread, last 4 days (all we have)+0.218%+$22 · spread now −0.492%, 7d avg −0.212%
=Together, before fees−0.639%+ Points / potential airdropLighter: Season 3 · farm board−$64 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$59 a day on $10k at the current rate, and Bybit is 0.280% cheaper against Lighter than usual: you would sell low and buy high (−$28 if the spread goes back to its 7-day average of −0.212%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.857% in total (about -44.7% 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 GRASS | 0.4226 | 0.2072 | pay 0.0259% / 1h | 7m 21s | $825K | $783K | 5x |
| Short | Bybit GRASSUSDT | 0.4205 | 0.0100 | get 0.0050% / 4h | 3h 07m | $23.8M | $15.3M | 25x |
Lighter GRASS
Bybit GRASSUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- −$414.12
- Price spread: −0.492% → −0.212%
- −$28.01
- Slippage, 4 orders
- −$179.72
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$632.85
- Costs to cover
- 1.907%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 63 min ago; Bybit: live order book, 1 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, 63 min ago | 72.16 bp | 87.2 bp −$87 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 1 min ago | 1.19 bp | 16.1 bp −$16 | 50.7 bp −$507 | doesn't fit | doesn't fit |
GRASS on 17 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 | |
|---|---|---|---|---|---|---|---|---|
| Reya GRASSRUSDPERP | −0.0112% | 1h | 0.4206 | −0.472% | $632 | — | 15x | as long as short |
| Injective GRASS/USDC PERP | +0.0033% | 1h | 0.4267 | +0.975% | $7 | $23K | 5.5x | as long as short |
| Binance GRASSUSDT | +0.0100% | 4h | 0.4210 | −0.377% | $10.0M | $26.8M | 75x | as long as short |
| Bybit GRASSUSDTshort | +0.0100% | 4h | 0.4205 | −0.492% | $23.8M | $15.3M | 25x | |
| OKX GRASS-USDT-SWAP | +0.0100% | 4h | 0.4208 | −0.421% | $3.2M | $13.9M | 20x | as long as short |
| Gate GRASS_USDT | +0.0100% | 4h | 0.4205 | −0.492% | $1.2M | $1.5M | 50x | as long as short |
| MEXC GRASS_USDT | +0.0100% | 4h | 0.4210 | −0.374% | $1.2M | $2.2M | 100x | as long as short |
| Bitget GRASSUSDT | +0.0100% | 4h | 0.4206 | −0.464% | $4.9M | $3.0M | 75x | as long as short |
| BingX GRASS-USDT | +0.0100% | 4h | 0.4208 | −0.421% | — | $7.3M | — | as long as short |
| Variational Omni GRASS | +0.0100% | 4h | 0.4185 | −0.970% | $2.0M | $1.2M | — | as long as short |
Reya GRASSRUSDPERP
Injective GRASS/USDC PERP
Binance GRASSUSDT
OKX GRASS-USDT-SWAP
Gate GRASS_USDT
MEXC GRASS_USDT
Bitget GRASSUSDT
BingX GRASS-USDT
Variational Omni GRASSShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended GRASS-USD | +0.0104% | 1h | 0.4205 | −0.492% | $207K | $900K | 10x | as long as short |
| BloFin GRASS-USDT | +0.0123% | 4h | 0.4208 | −0.421% | $531K | $304K | 20x | as long as short |
| KuCoin GRASSUSDTM | +0.0210% | 4h | 0.4211 | −0.350% | $1.3M | $1.5M | 50x | as long as short |
| Kraken Futures PF_GRASSUSD | +0.0277% | 1h | 0.4208 | −0.429% | $150K | $127K | 20x | as long as short |
| Aster GRASSUSDT | +0.0602% | 4h | 0.4211 | −0.350% | $69K | $209K | 10x | as long as short |
| Hyperliquid GRASS | +0.0639% | 1h | 0.4215 | −0.253% | $15.8M | $3.7M | 3x | as long as short |
| Lighter GRASSlong | +0.2072% | 1h | 0.4226 | long leg | $825K | $783K | 5x |
Extended GRASS-USD
BloFin GRASS-USDT
KuCoin GRASSUSDTM
Kraken Futures PF_GRASSUSD
Aster GRASSUSDT
Hyperliquid GRASS