Funding you earn now, next payment 00:00 UTC−0.0240%/8h= −26.3% APRnext payment −$1.20 per $10,000 · paid last 24h −0.072%
Price spread now: Bybit against BloFin−0.041%102s7-day average +0.016% · you buy dearer than you sell
Net, funding: paid 7d − costs−$113as 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−$630.625% of the position
Funding, last 7 days−0.504%−$50 on $10k
+Price spread, last 3 days (all we have)−0.276%−$28 · spread now −0.041%, 7d avg +0.016%
=Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Bybit is 0.057% cheaper against BloFin than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.016%). Swap the legs. The two prices were read 102 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 | BloFin GRAM-USDT | 1.4520 | 0.0340 | pay 0.0170% / 4h | 2h 45m | $1.4M | $210K | 50x |
| Short | Bybit GRAMUSDT | 1.4514 | 0.0100 | get 0.0050% / 4h | 2h 45m | $30.6M | $13.9M | 50x |
BloFin GRAM-USDT
Bybit GRAMUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- −$50.4
- Price spread: −0.041% → +0.016%
- −$5.72
- Slippage, 4 orders
- −$39.53
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$118.65
- Costs to cover
- 0.625%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 2 min ago; Bybit: live order book, 3 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 BloFin live order book, 2 min ago | 3.44 bp | 12.1 bp −$12 | 22.0 bp −$220 | 211.6 bp −$21.2K | doesn't fit |
| Sell Bybit live order book, 3 min ago | 3.45 bp | 12.7 bp −$13 | 38.3 bp −$383 | 539.6 bp −$54.0K | 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 | +0.0100% | 8h | 1.4514 | −0.042% | $2K | $30 | 5x | as long as short |
| Hyperliquid GRAM | +0.0100% | 1h | 1.4526 | +0.041% | $35.8M | $6.8M | 5x | as long as short |
| Binance GRAMUSDT | +0.0100% | 4h | 1.4513 | −0.046% | $20.8M | $25.8M | 50x | as long as short |
| Bybit GRAMUSDTshort | +0.0100% | 4h | 1.4514 | −0.041% | $30.6M | $13.9M | 50x | |
| OKX GRAM-USDT-SWAP | +0.0100% | 4h | 1.4500 | −0.138% | $8.6M | $8.3M | 50x | as long as short |
| Gate GRAM_USDT | +0.0100% | 4h | 1.4519 | −0.007% | $3.7M | $3.2M | 75x | as long as short |
| MEXC GRAM_USDT | +0.0100% | 4h | 1.4510 | −0.069% | $15.3M | $2.8M | 20x | as long as short |
| KuCoin GRAMUSDTM | +0.0100% | 4h | 1.4513 | −0.048% | $8.7M | $10.9M | 50x | as long as short |
| Bitget GRAMUSDT | +0.0100% | 4h | 1.4511 | −0.062% | $7.2M | $3.7M | 50x | as long as short |
| Backpack GRAM_USDC_PERP | +0.0100% | 1h | 1.4525 | +0.034% | $44K | $12K | 10x | as long as short |
Paradex GRAM-USD-PERP
Hyperliquid GRAM
Binance 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 | 1.4522 | +0.013% | $17K | $271K | 10x | as long as short |
| ApeX Omni GRAMUSDT | +0.0100% | 1h | 1.4530 | +0.069% | $13K | $586K | 50x | as long as short |
| Orderly PERP_GRAM_USDC_mythos | +0.0100% | 4h | 1.4530 | +0.069% | $2K | $1K | 10x | as long as short |
| SunX GRAM-USDT | +0.0100% | 4h | 1.4556 | +0.248% | $7K | $571K | 10x | as long as short |
| Phemex GRAMUSDT | +0.0100% | 4h | 1.4520 | 0.000% | $1.6M | $1.7M | 20x | as long as short |
| Extended GRAM-USD | +0.0104% | 1h | 1.4514 | −0.041% | $150K | $103K | 5x | as long as short |
| Injective GRAM/USDC PERP | +0.0132% | 1h | 1.4540 | +0.138% | $4K | $121K | 12x | as long as short |
| Aster GRAMUSDT | +0.0237% | 4h | 1.4541 | +0.148% | $967K | $99K | 50x | as long as short |
| BloFin GRAM-USDTlong | +0.0340% | 4h | 1.4520 | long leg | $1.4M | $210K | 50x | |
| Lighter GRAM | +0.0760% | 1h | 1.4551 | +0.216% | $2.7M | $2.5M | 20x | as long as short |
| HTX GRAM-USDT | +0.1356% | 4h | 1.4591 | +0.489% | $338K | $628K | 30x | as long as short |
edgeX GRAMUSDC
ApeX Omni GRAMUSDT
Orderly PERP_GRAM_USDC_mythos
SunX GRAM-USDT
Phemex GRAMUSDT
Extended GRAM-USD
Injective GRAM/USDC PERP
Aster GRAMUSDT
Lighter GRAM
HTX GRAM-USDT