Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Phemex against Bybit+0.042%7-day average −0.010% · you sell dearer than you buy
Net, funding: paid 7d − costs−$149as in the Funding arb table
Net, price: spread back to 7d avg − costs−$154as in the Price arb table
costs, in and out, $10k−$1591.594% of the position
Funding, last 7 days+0.107%+$11 on $10k
+Price spread, last 3 days (all we have)+0.039%+$4 · spread now +0.042%, 7d avg −0.010%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Phemex is 0.052% dearer against Bybit than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.010%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit GRAMUSDT | 1.4454 | 0.0100 | pay 0.0050% / 4h | 3h 38m | $30.6M | $13.7M | 50x |
| Short | Phemex GRAMUSDT | 1.4460 | 0.0100 | get 0.0050% / 4h | 3h 38m | $1.6M | $1.7M | 20x |
Bybit GRAMUSDT
Phemex GRAMUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex 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
- $0
- Price spread: +0.042% → −0.010%
- $5.16
- Slippage, 4 orders
- −$136.42
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$154.25
- Costs to cover
- 1.594%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 5 min ago; Phemex: live order book, 4 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, 5 min ago | 3.45 bp | 9.1 bp −$9 | 26.3 bp −$263 | 771.2 bp −$77.1K | doesn't fit |
| Sell Phemex live order book, 4 min ago | 6.91 bp | 65.5 bp −$65 | 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 | +0.249% | $4K | $143K | 12x | as long as short |
| Paradex GRAM-USD-PERP | +0.0100% | 8h | 1.4447 | −0.052% | $2K | $30 | 5x | as long as short |
| Hyperliquid GRAM | +0.0100% | 1h | 1.4470 | +0.111% | $35.6M | $6.9M | 5x | as long as short |
| Binance GRAMUSDT | +0.0100% | 4h | 1.4450 | −0.028% | $20.4M | $27.0M | 50x | as long as short |
| Bybit GRAMUSDTlong | +0.0100% | 4h | 1.4454 | long leg | $30.6M | $13.7M | 50x | |
| OKX GRAM-USDT-SWAP | +0.0100% | 4h | 1.4450 | −0.028% | $8.6M | $8.3M | 50x | as long as short |
| Gate GRAM_USDT | +0.0100% | 4h | 1.4468 | +0.097% | $3.7M | $3.2M | 75x | as long as short |
| MEXC GRAM_USDT | +0.0100% | 4h | 1.4450 | −0.028% | $15.4M | $2.6M | 20x | as long as short |
| KuCoin GRAMUSDTM | +0.0100% | 4h | 1.4456 | +0.014% | $8.9M | $10.9M | 50x | as long as short |
| Bitget GRAMUSDT | +0.0100% | 4h | 1.4461 | +0.048% | $7.2M | $3.9M | 50x | as long as short |
Injective GRAM/USDC PERP
Paradex GRAM-USD-PERP
Hyperliquid GRAM
Binance GRAMUSDT
OKX GRAM-USDT-SWAP
Gate GRAM_USDT
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 | 1.4467 | +0.090% | $53K | $20K | 10x | as long as short |
| edgeX GRAMUSDC | +0.0100% | 4h | 1.4465 | +0.075% | $17K | $272K | 10x | as long as short |
| ApeX Omni GRAMUSDT | +0.0100% | 1h | 1.4460 | +0.042% | $14K | $599K | 50x | as long as short |
| Orderly PERP_GRAM_USDC_mythos | +0.0100% | 4h | 1.4460 | +0.042% | $2K | $1K | 10x | as long as short |
| SunX GRAM-USDT | +0.0100% | 4h | 1.4486 | +0.221% | $7K | $592K | 10x | as long as short |
| Phemex GRAMUSDTshort | +0.0100% | 4h | 1.4460 | +0.042% | $1.6M | $1.7M | 20x | |
| Extended GRAM-USD | +0.0104% | 1h | 1.4447 | −0.049% | $169K | $123K | 5x | as long as short |
| Aster GRAMUSDT | +0.0205% | 4h | 1.4490 | +0.251% | $976K | $110K | 50x | as long as short |
| Lighter GRAM | +0.0264% | 1h | 1.4470 | +0.114% | $2.6M | $2.4M | 20x | as long as short |
| HTX GRAM-USDT | +0.0282% | 4h | 1.4514 | +0.415% | $337K | $618K | 30x | as long as short |
| BloFin GRAM-USDT | +0.0340% | 4h | 1.4470 | +0.111% | $1.4M | $205K | 50x | as long as short |
Backpack GRAM_USDC_PERP
edgeX GRAMUSDC
ApeX Omni GRAMUSDT
Orderly PERP_GRAM_USDC_mythos
SunX GRAM-USDT
Extended GRAM-USD
Aster GRAMUSDT
Lighter GRAM
HTX GRAM-USDT
BloFin GRAM-USDT