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: Gate against BloFin−0.110%48s7-day average +0.036% · you buy dearer than you sell
Net, funding: paid 7d − costs−$115as 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−$620.619% of the position
Funding, last 7 days−0.529%−$53 on $10k
+Price spread, last 3 days (all we have)−0.021%−$2 · spread now −0.110%, 7d avg +0.036%
=Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Gate is 0.146% cheaper against BloFin than usual: you would sell low and buy high (−$15 if the spread goes back to its 7-day average of +0.036%). Swap the legs. The two prices were read 48 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 | 30m 19s | $1.4M | $216K | 50x |
| Short | Gate GRAM_USDT | 1.4504 | 0.0100 | get 0.0050% / 4h | 30m 19s | $3.7M | $3.2M | 75x |
BloFin GRAM-USDT
Gate GRAM_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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: −0.110% → +0.036%
- −$14.63
- Slippage, 4 orders
- −$34.87
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$126.9
- Costs to cover
- 0.619%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 2 min ago; Gate: 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 | 9.4 bp −$9 | 19.0 bp −$190 | 181.0 bp −$18.1K | doesn't fit |
| Sell Gate live order book, 3 min ago | 2.07 bp | 13.0 bp −$13 | 51.8 bp −$518 | 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 PERP | +0.0033% | 1h | 1.4490 | −0.207% | $4K | $143K | 12x | as long as short |
| Paradex GRAM-USD-PERP | +0.0100% | 8h | 1.4496 | −0.166% | $2K | $30 | 5x | as long as short |
| Hyperliquid GRAM | +0.0100% | 1h | 1.4515 | −0.034% | $35.7M | $7.0M | 5x | as long as short |
| Binance GRAMUSDT | +0.0100% | 4h | 1.4500 | −0.138% | $20.5M | $26.9M | 50x | as long as short |
| Bybit GRAMUSDT | +0.0100% | 4h | 1.4500 | −0.138% | $30.7M | $14.0M | 50x | as long as short |
| OKX GRAM-USDT-SWAP | +0.0100% | 4h | 1.4500 | −0.138% | $8.6M | $8.5M | 50x | as long as short |
| Gate GRAM_USDTshort | +0.0100% | 4h | 1.4504 | −0.110% | $3.7M | $3.2M | 75x | |
| MEXC GRAM_USDT | +0.0100% | 4h | 1.4500 | −0.138% | $15.4M | $2.7M | 20x | as long as short |
| KuCoin GRAMUSDTM | +0.0100% | 4h | 1.4497 | −0.158% | $8.9M | $10.9M | 50x | as long as short |
| Bitget GRAMUSDT | +0.0100% | 4h | 1.4503 | −0.117% | $7.1M | $3.9M | 50x | as long as short |
Injective GRAM/USDC PERP
Paradex GRAM-USD-PERP
Hyperliquid GRAM
Binance GRAMUSDT
Bybit GRAMUSDT
OKX GRAM-USDT-SWAP
MEXC GRAM_USDT
KuCoin GRAMUSDTM
Bitget GRAMUSDTShow all 21 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Backpack GRAM_USDC_PERP | +0.0100% | 1h | 1.4513 | −0.048% | $44K | $15K | 10x | as long as short |
| edgeX GRAMUSDC | +0.0100% | 4h | 1.4513 | −0.049% | $17K | $272K | 10x | as long as short |
| ApeX Omni GRAMUSDT | +0.0100% | 1h | 1.4520 | 0.000% | $14K | $594K | 50x | as long as short |
| Orderly PERP_GRAM_USDC_mythos | +0.0100% | 4h | 1.4510 | −0.069% | $2K | $1K | 10x | as long as short |
| SunX GRAM-USDT | +0.0100% | 4h | 1.4517 | −0.021% | $6K | $591K | 10x | as long as short |
| Phemex GRAMUSDT | +0.0100% | 4h | 1.4510 | −0.069% | $1.6M | $1.7M | 20x | as long as short |
| Extended GRAM-USD | +0.0104% | 1h | 1.4496 | −0.163% | $169K | $123K | 5x | as long as short |
| Aster GRAMUSDT | +0.0154% | 4h | 1.4530 | +0.066% | $967K | $104K | 50x | as long as short |
| HTX GRAM-USDT | +0.0281% | 4h | 1.4554 | +0.234% | $336K | $628K | 30x | as long as short |
| BloFin GRAM-USDTlong | +0.0340% | 4h | 1.4520 | long leg | $1.4M | $216K | 50x | |
| Lighter GRAM | +0.0832% | 1h | 1.4533 | +0.088% | $2.8M | $2.3M | 20x | as long as short |
Backpack GRAM_USDC_PERP
edgeX GRAMUSDC
ApeX Omni GRAMUSDT
Orderly PERP_GRAM_USDC_mythos
SunX GRAM-USDT
Phemex GRAMUSDT
Extended GRAM-USD
Aster GRAMUSDT
HTX GRAM-USDT
Lighter GRAM