Funding you earn now, next payment 04:00 UTC+0.0240%/8h= +26.3% APRnext payment +$1.20 per $10,000 · paid last 24h +0.076%
Price spread now: BloFin against Binance−0.139%61s7-day average −0.018% · you buy dearer than you sell
Net, funding: paid 7d − costs−$10as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$560.560% of the position
Funding, last 7 days+0.464%+$46 on $10k
+Price spread, last 4 days (all we have)+0.475%+$47 · spread now −0.139%, 7d avg −0.018%
=Funding pays, the price is against you. BloFin is 0.122% cheaper against Binance than usual: you would sell low and buy high (spread −0.139% now, against its 7-day average of −0.018%). If the spread goes back, that is −$12 on $10k: about 41 hours of funding at the current rate (+$7 a day). The two prices were read 61 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance GRAMUSDT | 1.4350 | 0.0100 | pay 0.0050% / 4h | 2m 14s | $20.3M | $28.8M | 50x |
| Short | BloFin GRAM-USDT | 1.4330 | 0.0340 | get 0.0170% / 4h | 2m 14s | $1.4M | $231K | 50x |
Binance GRAMUSDT
BloFin GRAM-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Binance. 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
- $50.4
- Price spread: −0.139% → −0.018%
- −$12.19
- Slippage, 4 orders
- −$33.97
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$17.76
- Costs to cover
- 0.560%
- Break-even
- 9.5 days
Slippage from Binance: live order book, 9 min ago; BloFin: live order book, 5 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 Binance live order book, 9 min ago | 3.47 bp | 8.5 bp −$8 | 26.9 bp −$269 | 380.9 bp −$38.1K | doesn't fit |
| Sell BloFin live order book, 5 min ago | 3.48 bp | 10.1 bp −$10 | 23.2 bp −$232 | 138.6 bp −$13.9K | 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 | +0.976% | $4K | $143K | 12x | as long as short |
| Lighter GRAM | +0.0096% | 1h | 1.4364 | +0.097% | $2.3M | $2.9M | 20x | as long as short |
| Paradex GRAM-USD-PERP | +0.0098% | 8h | 1.4346 | −0.027% | $2K | $19 | 5x | as long as short |
| Hyperliquid GRAM | +0.0100% | 1h | 1.4363 | +0.091% | $35.3M | $7.3M | 5x | as long as short |
| Binance GRAMUSDTlong | +0.0100% | 4h | 1.4350 | long leg | $20.3M | $28.8M | 50x | |
| Bybit GRAMUSDT | +0.0100% | 4h | 1.4353 | +0.021% | $30.3M | $14.2M | 50x | as long as short |
| OKX GRAM-USDT-SWAP | +0.0100% | 4h | 1.4350 | 0.000% | $8.6M | $8.7M | 50x | as long as short |
| Gate GRAM_USDT | +0.0100% | 4h | 1.4351 | +0.007% | $3.6M | $3.6M | 75x | as long as short |
| MEXC GRAM_USDT | +0.0100% | 4h | 1.4350 | 0.000% | $15.4M | $2.6M | 20x | as long as short |
| KuCoin GRAMUSDTM | +0.0100% | 4h | 1.4356 | +0.042% | $8.9M | $10.4M | 50x | as long as short |
Injective GRAM/USDC PERP
Lighter GRAM
Paradex GRAM-USD-PERP
Hyperliquid GRAM
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 | 1.4351 | +0.007% | $7.1M | $4.2M | 50x | as long as short |
| edgeX GRAMUSDC | +0.0100% | 4h | 1.4366 | +0.109% | $17K | $274K | 10x | as long as short |
| ApeX Omni GRAMUSDT | +0.0100% | 1h | 1.4350 | 0.000% | $14K | $615K | 50x | as long as short |
| Orderly PERP_GRAM_USDC_mythos | +0.0100% | 4h | 1.4350 | 0.000% | $2K | $1K | 10x | as long as short |
| SunX GRAM-USDT | +0.0100% | 4h | 1.4357 | +0.049% | $6K | $612K | 10x | as long as short |
| HTX GRAM-USDT | +0.0100% | 4h | 1.4378 | +0.195% | $326K | $677K | 30x | as long as short |
| Phemex GRAMUSDT | +0.0100% | 4h | 1.4350 | 0.000% | $1.5M | $1.8M | 20x | as long as short |
| Extended GRAM-USD | +0.0104% | 1h | 1.4346 | −0.025% | $168K | $123K | 5x | as long as short |
| Aster GRAMUSDT | +0.0109% | 4h | 1.4352 | +0.011% | $962K | $127K | 50x | as long as short |
| Backpack GRAM_USDC_PERP | +0.0266% | 1h | 1.4359 | +0.063% | $53K | $16K | 10x | as long as short |
| BloFin GRAM-USDTshort | +0.0340% | 4h | 1.4330 | −0.139% | $1.4M | $231K | 50x |
Bitget GRAMUSDT
edgeX GRAMUSDC
ApeX Omni GRAMUSDT
Orderly PERP_GRAM_USDC_mythos
SunX GRAM-USDT
HTX GRAM-USDT
Phemex GRAMUSDT
Extended GRAM-USD
Aster GRAMUSDT
Backpack GRAM_USDC_PERP