Funding you earn now, next payment 23:00 UTC+0.0462%/8h= +50.6% APRpaid last 24h +0.149%
Price spread now: Hyperliquid against Bybit+0.124%7-day average +0.088% · you sell dearer than you buy
Net, funding: paid 7d − costs−$9as in the Funding arb table
Net, price: spread back to 7d avg − costs−$37as in the Price arb table
costs, in and out, $10k−$410.410% of the position
Funding, last 7 days+0.319%+$32 on $10k
+Price spread, last 7 days−0.087%−$9 · spread now +0.124%, 7d avg +0.088%
=Together, before fees+0.232%+ Points / potential airdropHyperliquid: Season 2 · farm board+$23 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$14 a day on $10k at the current rate, and Hyperliquid is 0.036% dearer against Bybit than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.088%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.319% in total (about 16.6% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit GRAMUSDT | 1.4495 | 0.0100 | pay 0.0050% / 4h | 1h 56m | $30.7M | $14.0M | 50x |
| Short | Hyperliquid GRAM | 1.4513 | 0.0562 | get 0.0070% / 1h | 56m 56s | $35.8M | $6.9M | 5x |
Bybit GRAMUSDT
Hyperliquid GRAMFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against Bybit. 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
- $96.95
- Price spread: +0.124% → +0.088%
- $3.61
- Slippage, 4 orders
- −$20.98
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $59.58
- Costs to cover
- 0.410%
- Break-even
- 2.7 days
Slippage from Bybit: live order book, 2 min ago; Hyperliquid: live order book, 6 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 Bybit live order book, 2 min ago | 3.45 bp | 10.4 bp −$10 | 29.4 bp −$294 | 710.4 bp −$71.0K | doesn't fit |
| Sell Hyperliquid live order book, 6 min ago | 0.69 bp | 7.2 bp −$7 | 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 | −0.0387% | 1h | 1.4490 | −0.034% | $4K | $143K | 12x | as long as short |
| Paradex GRAM-USD-PERP | +0.0098% | 8h | 1.4490 | −0.036% | $2K | $30 | 5x | as long as short |
| Binance GRAMUSDT | +0.0100% | 4h | 1.4495 | −0.003% | $20.5M | $26.7M | 50x | as long as short |
| Bybit GRAMUSDTlong | +0.0100% | 4h | 1.4495 | long leg | $30.7M | $14.0M | 50x | |
| OKX GRAM-USDT-SWAP | +0.0100% | 4h | 1.4490 | −0.034% | $8.6M | $8.5M | 50x | as long as short |
| Gate GRAM_USDT | +0.0100% | 4h | 1.4496 | +0.007% | $3.7M | $3.2M | 75x | as long as short |
| MEXC GRAM_USDT | +0.0100% | 4h | 1.4490 | −0.034% | $15.4M | $2.8M | 20x | as long as short |
| KuCoin GRAMUSDTM | +0.0100% | 4h | 1.4497 | +0.014% | $8.7M | $10.9M | 50x | as long as short |
| Bitget GRAMUSDT | +0.0100% | 4h | 1.4495 | 0.000% | $7.2M | $3.9M | 50x | as long as short |
| Backpack GRAM_USDC_PERP | +0.0100% | 1h | 1.4499 | +0.028% | $45K | $13K | 10x | as long as short |
Injective GRAM/USDC PERP
Paradex GRAM-USD-PERP
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 | 1.4491 | −0.028% | $17K | $269K | 10x | as long as short |
| ApeX Omni GRAMUSDT | +0.0100% | 1h | 1.4490 | −0.034% | $13K | $593K | 50x | as long as short |
| Orderly PERP_GRAM_USDC_mythos | +0.0100% | 4h | 1.4490 | −0.034% | $2K | $1K | 10x | as long as short |
| SunX GRAM-USDT | +0.0100% | 4h | 1.4516 | +0.145% | $7K | $591K | 10x | as long as short |
| Phemex GRAMUSDT | +0.0100% | 4h | 1.4480 | −0.103% | $1.6M | $1.7M | 20x | as long as short |
| Extended GRAM-USD | +0.0104% | 1h | 1.4492 | −0.019% | $169K | $123K | 5x | as long as short |
| Aster GRAMUSDT | +0.0245% | 4h | 1.4517 | +0.149% | $965K | $102K | 50x | as long as short |
| BloFin GRAM-USDT | +0.0340% | 4h | 1.4500 | +0.034% | $1.4M | $210K | 50x | as long as short |
| Hyperliquid GRAMshort | +0.0562% | 1h | 1.4513 | +0.124% | $35.8M | $6.9M | 5x | |
| Lighter GRAM | +0.0704% | 1h | 1.4523 | +0.196% | $2.7M | $2.3M | 20x | as long as short |
| HTX GRAM-USDT | +0.0820% | 4h | 1.4529 | +0.235% | $337K | $629K | 30x | as long as short |
edgeX GRAMUSDC
ApeX Omni GRAMUSDT
Orderly PERP_GRAM_USDC_mythos
SunX GRAM-USDT
Phemex GRAMUSDT
Extended GRAM-USD
Aster GRAMUSDT
BloFin GRAM-USDT
Lighter GRAM
HTX GRAM-USDT