Funding you earn now, next payment 04:00 UTC−0.0070%/8h= −7.7% APRpaid last 24h −0.064%
Price spread now: Backpack against BloFin−0.167%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.526%−$53 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Backpack is 0.167% cheaper against BloFin than usual: you would sell low and buy high (−$17 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin GRAM-USDT | 1.4380 | 0.0340 | pay 0.0170% / 4h | 4m 23s | $1.4M | $232K | 50x |
| Short | Backpack GRAM_USDC_PERP | 1.4356 | 0.0270 | get 0.0034% / 1h | 4m 23s | $53K | $16K | 10x |
BloFin GRAM-USDT
Backpack GRAM_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against BloFin. 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
- −$14.75
- Price spread: −0.167% → 0.000%
- −$16.69
- Slippage, 4 orders
- no order book: not counted
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$53.44
- Costs to cover
- 0.220%
- Break-even
- never at this rate
Slippage unknown: BloFin: live order book, 3 min ago; Backpack: no order-book sample. Net counts fees only.
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 BloFin live order book, 3 min ago | 3.48 bp | 22.6 bp −$23 | 36.7 bp −$367 | 330.4 bp −$33.0K | doesn't fit |
| Sell Backpack no order-book sample | — | — | — | — | — |
Backpack: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | +0.765% | $4K | $143K | 12x | as long as short |
| Lighter GRAM | +0.0096% | 1h | 1.4371 | −0.065% | $2.3M | $2.9M | 20x | as long as short |
| Paradex GRAM-USD-PERP | +0.0098% | 8h | 1.4334 | −0.317% | $2K | $19 | 5x | as long as short |
| Hyperliquid GRAM | +0.0100% | 1h | 1.4371 | −0.063% | $35.3M | $7.3M | 5x | as long as short |
| Binance GRAMUSDT | +0.0100% | 4h | 1.4356 | −0.165% | $20.3M | $28.8M | 50x | as long as short |
| Bybit GRAMUSDT | +0.0100% | 4h | 1.4351 | −0.202% | $30.3M | $14.2M | 50x | as long as short |
| OKX GRAM-USDT-SWAP | +0.0100% | 4h | 1.4350 | −0.209% | $8.6M | $8.7M | 50x | as long as short |
| Gate GRAM_USDT | +0.0100% | 4h | 1.4355 | −0.174% | $3.6M | $3.6M | 75x | as long as short |
| MEXC GRAM_USDT | +0.0100% | 4h | 1.4350 | −0.209% | $15.4M | $2.6M | 20x | as long as short |
| KuCoin GRAMUSDTM | +0.0100% | 4h | 1.4348 | −0.223% | $8.9M | $10.4M | 50x | as long as short |
Injective GRAM/USDC PERP
Lighter GRAM
Paradex GRAM-USD-PERP
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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget GRAMUSDT | +0.0100% | 4h | 1.4359 | −0.146% | $7.1M | $4.2M | 50x | as long as short |
| edgeX GRAMUSDC | +0.0100% | 4h | 1.4384 | +0.026% | $17K | $274K | 10x | as long as short |
| ApeX Omni GRAMUSDT | +0.0100% | 1h | 1.4400 | +0.139% | $14K | $615K | 50x | as long as short |
| Orderly PERP_GRAM_USDC_mythos | +0.0100% | 4h | 1.4360 | −0.139% | $2K | $1K | 10x | as long as short |
| SunX GRAM-USDT | +0.0100% | 4h | 1.4377 | −0.021% | $6K | $612K | 10x | as long as short |
| HTX GRAM-USDT | +0.0100% | 4h | 1.4378 | −0.014% | $326K | $677K | 30x | as long as short |
| Phemex GRAMUSDT | +0.0100% | 4h | 1.4350 | −0.209% | $1.5M | $1.8M | 20x | as long as short |
| Extended GRAM-USD | +0.0104% | 1h | 1.4352 | −0.198% | $168K | $123K | 5x | as long as short |
| Aster GRAMUSDT | +0.0114% | 4h | 1.4351 | −0.203% | $962K | $127K | 50x | as long as short |
| Backpack GRAM_USDC_PERPshort | +0.0270% | 1h | 1.4356 | −0.167% | $53K | $16K | 10x | |
| BloFin GRAM-USDTlong | +0.0340% | 4h | 1.4380 | long leg | $1.4M | $232K | 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