GRAM

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0240%/8h= −26.3% APRnext payment −$1.20 per $10,000 · paid last 24h −0.072%

Price spread now: Phemex against BloFin+0.139%7-day average +0.007% · you sell dearer than you buy

Net, funding: paid 7d − costs−$218as in the Funding arb table

Net, price: spread back to 7d avg − costs−$165as in the Price arb table

costs, in and out, $10k−$1791.786% of the position

Long on BloFin Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days−0.397%−$40 on $10k

Price spread, last 4 days (all we have)−0.212%−$21 · spread now +0.139%, 7d avg +0.007%

Together, before fees−0.609%−$61 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Phemex is 0.132% dearer against BloFin than usual: you sell high and buy low (spread +0.139% now, against its 7-day average of +0.007%): +$13 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 44 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin GRAM-USDT	1.4360	0.0340	pay 0.0170% / 4h	47m 05s	$1.4M	$218K	50x
Short	Phemex GRAMUSDT	1.4380	0.0100	get 0.0050% / 4h	47m 05s	$1.5M	$1.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against BloFin. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BloFinbpFee PhemexbpOrdersPrice spread, now +0.139%Rate

Funding earned: −$50.4
Price spread: +0.139% → +0.007%: $13.22
Slippage, 4 orders: −$154.61
Fee BloFin: 6 bp × 2 orders: −$12
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$215.79
Costs to cover: 1.786%
Break-even: never at this rate

Slippage from BloFin: live order book, 5 min ago; Phemex: live order book, 1 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, 5 min ago	3.47 bp	29.5 bp −$29	39.1 bp −$391	333.8 bp −$33.4K	doesn't fit
Sell Phemex live order book, 1 min ago	10.45 bp	67.6 bp −$68	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 PERP	+0.0033%	1h	1.4490	+0.905%	$4K	$143K	12x	as long as short
Paradex GRAM-USD-PERP	+0.0098%	8h	1.4358	−0.014%	$2K	$19	5x	as long as short
Hyperliquid GRAM	+0.0100%	1h	1.4396	+0.248%	$35.4M	$7.3M	5x	as long as short
Binance GRAMUSDT	+0.0100%	4h	1.4373	+0.092%	$20.5M	$28.4M	50x	as long as short
Bybit GRAMUSDT	+0.0100%	4h	1.4360	0.000%	$30.3M	$14.0M	50x	as long as short
OKX GRAM-USDT-SWAP	+0.0100%	4h	1.4370	+0.070%	$8.6M	$8.6M	50x	as long as short
Gate GRAM_USDT	+0.0100%	4h	1.4382	+0.153%	$3.6M	$3.4M	75x	as long as short
MEXC GRAM_USDT	+0.0100%	4h	1.4370	+0.070%	$15.1M	$2.6M	20x	as long as short
KuCoin GRAMUSDTM	+0.0100%	4h	1.4374	+0.097%	$8.6M	$10.5M	50x	as long as short
Bitget GRAMUSDT	+0.0100%	4h	1.4374	+0.097%	$7.1M	$4.1M	50x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Backpack GRAM_USDC_PERP	+0.0100%	1h	1.4390	+0.209%	$53K	$16K	10x	as long as short
edgeX GRAMUSDC	+0.0100%	4h	1.4366	+0.040%	$17K	$274K	10x	as long as short
ApeX Omni GRAMUSDT	+0.0100%	1h	1.4350	−0.070%	$14K	$609K	50x	as long as short
Orderly PERP_GRAM_USDC_mythos	+0.0100%	4h	1.4370	+0.070%	$2K	$1K	10x	as long as short
SunX GRAM-USDT	+0.0100%	4h	1.4379	+0.132%	$7K	$602K	10x	as long as short
HTX GRAM-USDT	+0.0100%	4h	1.4413	+0.369%	$335K	$621K	30x	as long as short
Phemex GRAMUSDTshort	+0.0100%	4h	1.4380	+0.139%	$1.5M	$1.8M	20x
Extended GRAM-USD	+0.0104%	1h	1.4376	+0.113%	$168K	$123K	5x	as long as short
Aster GRAMUSDT	+0.0248%	4h	1.4387	+0.185%	$964K	$126K	50x	as long as short
Lighter GRAM	+0.0312%	1h	1.4383	+0.158%	$2.4M	$2.8M	20x	as long as short
BloFin GRAM-USDTlong	+0.0340%	4h	1.4360	long leg	$1.4M	$218K	50x