Funding you earn now, next payment 07:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h −0.043%
Price spread now: Injective against Bitget+0.821%7-day average −0.014% · you sell dearer than you buy
Net, funding: paid 7d − costs−$122as in the Funding arb table
Net, price: spread back to 7d avg − costs−$21as in the Price arb table
costs, in and out, $10k−$1041.045% of the position
Funding, last 7 days−0.177%−$18 on $10k
+Price spread, last 4 days (all we have)−1.341%−$134 · spread now +0.821%, 7d avg −0.014%
=The price spread pays, funding is against you. Injective is 0.835% dearer against Bitget than usual: you sell high and buy low (spread +0.821% now, against its 7-day average of −0.014%): +$83 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 42 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget GRAMUSDT | 1.4372 | 0.0100 | pay 0.0050% / 4h | 1h 50m | $7.0M | $4.0M | 50x |
| Short | Injective GRAM/USDC PERP | 1.4490 | 0.0033 | get 0.0004% / 1h | 50m 49s | $4K | $143K | 12x |
Bitget GRAMUSDT
Injective GRAM/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against Bitget. 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
- −$14
- Price spread: +0.821% → −0.014%
- $83.5
- Slippage, 4 orders
- −$92.48
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$35
- Costs to cover
- 1.045%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 2 min ago; Injective: live order book, 38 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 Bitget live order book, 2 min ago | 2.43 bp | 13.6 bp −$14 | 27.5 bp −$275 | doesn't fit | doesn't fit |
| Sell Injective live order book, 38 min ago | 38.34 bp | 38.4 bp −$38 | 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 PERPshort | +0.0033% | 1h | 1.4490 | +0.821% | $4K | $143K | 12x | |
| Lighter GRAM | +0.0096% | 1h | 1.4385 | +0.089% | $2.3M | $2.9M | 20x | as long as short |
| Hyperliquid GRAM | +0.0100% | 1h | 1.4385 | +0.090% | $35.5M | $7.6M | 5x | as long as short |
| Binance GRAMUSDT | +0.0100% | 4h | 1.4370 | −0.014% | $20.3M | $27.4M | 50x | as long as short |
| Bybit GRAMUSDT | +0.0100% | 4h | 1.4360 | −0.083% | $30.4M | $13.5M | 50x | as long as short |
| OKX GRAM-USDT-SWAP | +0.0100% | 4h | 1.4360 | −0.083% | $8.6M | $8.1M | 50x | as long as short |
| Gate GRAM_USDT | +0.0100% | 4h | 1.4371 | −0.007% | $3.6M | $3.4M | 75x | as long as short |
| MEXC GRAM_USDT | +0.0100% | 4h | 1.4370 | −0.014% | $16.3M | $2.7M | 20x | as long as short |
| KuCoin GRAMUSDTM | +0.0100% | 4h | 1.4369 | −0.021% | $9.0M | $10.2M | 50x | as long as short |
| Bitget GRAMUSDTlong | +0.0100% | 4h | 1.4372 | long leg | $7.0M | $4.0M | 50x |
Lighter GRAM
Hyperliquid GRAM
Binance GRAMUSDT
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 | |
|---|---|---|---|---|---|---|---|---|
| Backpack GRAM_USDC_PERP | +0.0100% | 1h | 1.4375 | +0.021% | $53K | $16K | 10x | as long as short |
| edgeX GRAMUSDC | +0.0100% | 4h | 1.4378 | +0.042% | $17K | $275K | 10x | as long as short |
| ApeX Omni GRAMUSDT | +0.0100% | 1h | 1.4390 | +0.125% | $14K | $617K | 50x | as long as short |
| Orderly PERP_GRAM_USDC_mythos | +0.0100% | 4h | 1.4370 | −0.014% | $2K | $1K | 10x | as long as short |
| SunX GRAM-USDT | +0.0100% | 4h | 1.4387 | +0.104% | $7K | $560K | 10x | as long as short |
| HTX GRAM-USDT | +0.0100% | 4h | 1.4409 | +0.257% | $330K | $584K | 30x | as long as short |
| Phemex GRAMUSDT | +0.0100% | 4h | 1.4370 | −0.014% | $1.6M | $1.7M | 20x | as long as short |
| Paradex GRAM-USD-PERP | +0.0100% | 8h | 1.4364 | −0.053% | $2K | $31 | 5x | as long as short |
| Extended GRAM-USD | +0.0104% | 1h | 1.4366 | −0.041% | $168K | $123K | 5x | as long as short |
| Aster GRAMUSDT | +0.0167% | 4h | 1.4387 | +0.105% | $965K | $118K | 50x | as long as short |
| BloFin GRAM-USDT | +0.0340% | 4h | 1.4370 | −0.014% | $1.4M | $239K | 50x | as long as short |
Backpack GRAM_USDC_PERP
edgeX GRAMUSDC
ApeX Omni GRAMUSDT
Orderly PERP_GRAM_USDC_mythos
SunX GRAM-USDT
HTX GRAM-USDT
Phemex GRAMUSDT
Paradex GRAM-USD-PERP
Extended GRAM-USD
Aster GRAMUSDT
BloFin GRAM-USDT