Funding you earn now, next payment 00:00 UTC+0.1186%/8h= +129.9% APRnext payment +$5.93 per $10,000 · paid last 24h +0.004%
Price spread now: HTX against Binance−0.068%7-day average +0.244% · you buy dearer than you sell
Net, funding: paid 7d − costs−$47as in the Funding arb table
Net, price: spread back to 7d avg − costs−$120as in the Price arb table
costs, in and out, $10k−$890.885% of the position
Funding, last 7 days+0.415%+$41 on $10k
+Price spread, last 3 days (all we have)+0.640%+$64 · spread now −0.068%, 7d avg +0.244%
=Funding pays, the price is against you. HTX is 0.312% cheaper against Binance than usual: you would sell low and buy high (spread −0.068% now, against its 7-day average of +0.244%). If the spread goes back, that is −$31 on $10k: about 21 hours of funding at the current rate (+$36 a day). At the pace of the last 7 days (+0.415% in total) that is about 5.3 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.415% in total (about 21.6% a year). A funding rate is set anew for every payment; at this rate the next one is about +$5.93 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 | Binance GRAMUSDT | 1.4548 | 0.0100 | pay 0.0050% / 4h | 2h 26m | $20.7M | $26.5M | 50x |
| Short | HTX GRAM-USDT | 1.4538 | 0.1286 | get 0.0643% / 4h | 2h 26m | $337K | $628K | 30x |
Binance GRAMUSDT
HTX GRAM-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
HTX 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
- $249.1
- Price spread: −0.068% → +0.244%
- −$31.24
- Slippage, 4 orders
- −$66.51
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee HTX: 6 bp × 2 orders
- −$12
- Net
- $129.35
- Costs to cover
- 0.885%
- Break-even
- 3.4 days
Slippage from Binance: live order book, 15 min ago; HTX: live order book, 62 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, 15 min ago | 3.45 bp | 13.0 bp −$13 | 28.4 bp −$284 | 251.0 bp −$25.1K | doesn't fit |
| Sell HTX live order book, 62 min ago | 10.58 bp | 32.6 bp −$33 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Paradex GRAM-USD-PERP | +0.0097% | 8h | 1.4535 | −0.089% | $2K | $30 | 5x | as long as short |
| Hyperliquid GRAM | +0.0100% | 1h | 1.4568 | +0.138% | $35.9M | $6.9M | 5x | as long as short |
| Binance GRAMUSDTlong | +0.0100% | 4h | 1.4548 | long leg | $20.7M | $26.5M | 50x | |
| Bybit GRAMUSDT | +0.0100% | 4h | 1.4550 | +0.014% | $30.8M | $14.0M | 50x | as long as short |
| OKX GRAM-USDT-SWAP | +0.0100% | 4h | 1.4540 | −0.054% | $8.7M | $8.5M | 50x | as long as short |
| Gate GRAM_USDT | +0.0100% | 4h | 1.4547 | −0.006% | $3.7M | $3.3M | 75x | as long as short |
| MEXC GRAM_USDT | +0.0100% | 4h | 1.4550 | +0.014% | $15.5M | $2.8M | 20x | as long as short |
| KuCoin GRAMUSDTM | +0.0100% | 4h | 1.4545 | −0.020% | $8.6M | $11.0M | 50x | as long as short |
| Bitget GRAMUSDT | +0.0100% | 4h | 1.4551 | +0.021% | $7.2M | $3.9M | 50x | as long as short |
| Backpack GRAM_USDC_PERP | +0.0100% | 1h | 1.4569 | +0.145% | $46K | $13K | 10x | as long as short |
Paradex GRAM-USD-PERP
Hyperliquid GRAM
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 | 1.4504 | −0.299% | $17K | $271K | 10x | as long as short |
| ApeX Omni GRAMUSDT | +0.0100% | 1h | 1.4500 | −0.329% | $13K | $588K | 50x | as long as short |
| Orderly PERP_GRAM_USDC_mythos | +0.0100% | 4h | 1.4550 | +0.014% | $2K | $1K | 10x | as long as short |
| SunX GRAM-USDT | +0.0100% | 4h | 1.4566 | +0.124% | $6K | $588K | 10x | as long as short |
| Phemex GRAMUSDT | +0.0100% | 4h | 1.4530 | −0.123% | $1.6M | $1.7M | 20x | as long as short |
| Extended GRAM-USD | +0.0104% | 1h | 1.4541 | −0.046% | $149K | $103K | 5x | as long as short |
| Injective GRAM/USDC PERP | +0.0132% | 1h | 1.4490 | −0.398% | $4K | $143K | 12x | as long as short |
| Aster GRAMUSDT | +0.0247% | 4h | 1.4546 | −0.010% | $967K | $101K | 50x | as long as short |
| BloFin GRAM-USDT | +0.0340% | 4h | 1.4510 | −0.260% | $1.4M | $210K | 50x | as long as short |
| Lighter GRAM | +0.0840% | 1h | 1.4579 | +0.215% | $2.8M | $2.5M | 20x | as long as short |
| HTX GRAM-USDTshort | +0.1286% | 4h | 1.4538 | −0.068% | $337K | $628K | 30x |
edgeX GRAMUSDC
ApeX Omni GRAMUSDT
Orderly PERP_GRAM_USDC_mythos
SunX GRAM-USDT
Phemex GRAMUSDT
Extended GRAM-USD
Injective GRAM/USDC PERP
Aster GRAMUSDT
BloFin GRAM-USDT
Lighter GRAM