grvtvs
Lighter
Funding rates, fees, liquidity and airdrop status compared for perpetual-futures traders.
Funding setups between these venues
Across 27 liquid markets shared by grvt and Lighter, the best funding setup over the past 7 days is $1000PEPE (long grvt, short Lighter): it paid 28.4% APR, 23.2% after costs, and held 66% of the time.
27 common liquid markets. Ranked by what the setup actually paid over 7 days after entry and exit costs — not by the instantaneous APR.
“7d avg” is the funding spread the pair actually paid over the last 7 days. “After costs” subtracts taker fees for opening and closing both legs over a 7-day hold. “Holds” is the share of hours the spread kept the same sign and at least 5% APR.
| grvt | Lighter | |
|---|---|---|
| Type | DEX | DEX |
| Taker fee | 0.05% | 0%✓ |
| Maker fee | 0.01% | 0%✓ |
| Open Interest | $477.1M | $624.8M✓ |
| 24h Volume | $564.8M | $817.0M✓ |
| Avg Funding APR | 5.77% | 14.27% |
| Markets | 189✓ | 183 |
| Airdrop / token | Listed | Listed |
grvt and Lighter are both perpetual-futures venues tracked on ORBIT. On fees, Lighter is cheaper (0% vs 0.05% taker). On liquidity, Lighter is deeper with $624.8M open interest, which means less slippage at size.
For a funding-arbitrage trader the practical answer is rarely “one or the other” — you often use both, going long on whichever venue has the lower funding for a given asset and short on the other. Open the Funding Screener to see where grvt and Lighter diverge right now, then verify the pair in the backtester.
Frequently asked questions
- Which funding setup between grvt and Lighter pays most?
- Across 27 liquid markets shared by grvt and Lighter, the best funding setup over the past 7 days is $1000PEPE (long grvt, short Lighter): it paid 28.4% APR, 23.2% after costs, and held 66% of the time. Ranking is by the 7-day payout after costs, not by the instantaneous APR.
- Is grvt or Lighter cheaper?
- grvt charges 0.05% taker / 0.01% maker; Lighter charges 0% taker / 0% maker. Lighter has the lower taker fee, which matters most for funding arbitrage since entries and exits are taker orders.
- Which has deeper liquidity, grvt or Lighter?
- grvt has $477.1M open interest across 189 markets; Lighter has $624.8M across 183. Lighter is deeper, which means lower slippage at size.
- Can I run funding arbitrage between grvt and Lighter?
- Yes — when an asset's funding diverges between the two, go long on the lower-funding venue and short on the higher one. Find live divergences on the ORBIT screener and backtest the exact pair before sizing it.