Funding you earn now, next payment 23:00 UTC+0.0460%/8h= +50.4% APRpaid last 24h +0.153%
Price spread now: Hyperliquid against edgeX+0.153%86s7-day average +0.157% · you sell dearer than you buy
Net, funding: paid 7d − costs−$29as 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−$580.582% of the position
Funding, last 7 days+0.287%+$29 on $10k
+Price spread, last 3 days (all we have)+0.054%+$5 · spread now +0.153%, 7d avg +0.157%
=Together, before fees+0.341%+ Points / potential airdropedgeX: Active · Hyperliquid: Season 2 · farm board+$34 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.157%, so right now this pair is about funding alone: +$14 a day on $10k at the current rate. The two prices were read 86 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.287% in total (about 14.9% 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 | edgeX GRAMUSDC | 1.4491 | 0.0100 | pay 0.0050% / 4h | 1h 56m | $17K | $269K | 10x |
| Short | Hyperliquid GRAM | 1.4513 | 0.0560 | get 0.0070% / 1h | 56m 00s | $35.8M | $6.9M | 5x |
edgeX GRAMUSDC
Hyperliquid GRAMFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against edgeX. 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
- $96.58
- Price spread: +0.153% → +0.157%
- −$0.39
- Slippage, 4 orders
- −$40.16
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $38.03
- Costs to cover
- 0.582%
- Break-even
- 4.2 days
Slippage from edgeX: live order book, 27 min ago; Hyperliquid: live order book, 7 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 edgeX live order book, 27 min ago | 17.16 bp | 21.7 bp −$22 | 42.3 bp −$423 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 7 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 | −0.006% | $4K | $143K | 12x | as long as short |
| Paradex GRAM-USD-PERP | +0.0099% | 8h | 1.4492 | +0.009% | $2K | $30 | 5x | as long as short |
| Binance GRAMUSDT | +0.0100% | 4h | 1.4494 | +0.025% | $20.5M | $26.7M | 50x | as long as short |
| Bybit GRAMUSDT | +0.0100% | 4h | 1.4492 | +0.008% | $30.7M | $14.0M | 50x | as long as short |
| OKX GRAM-USDT-SWAP | +0.0100% | 4h | 1.4490 | −0.006% | $8.6M | $8.5M | 50x | as long as short |
| Gate GRAM_USDT | +0.0100% | 4h | 1.4498 | +0.049% | $3.7M | $3.2M | 75x | as long as short |
| MEXC GRAM_USDT | +0.0100% | 4h | 1.4490 | −0.006% | $15.4M | $2.8M | 20x | as long as short |
| KuCoin GRAMUSDTM | +0.0100% | 4h | 1.4496 | +0.035% | $8.7M | $10.9M | 50x | as long as short |
| Bitget GRAMUSDT | +0.0100% | 4h | 1.4493 | +0.015% | $7.2M | $3.9M | 50x | as long as short |
| Backpack GRAM_USDC_PERP | +0.0100% | 1h | 1.4501 | +0.070% | $45K | $13K | 10x | as long as short |
Injective GRAM/USDC PERP
Paradex GRAM-USD-PERP
Binance GRAMUSDT
Bybit 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 GRAMUSDClong | +0.0100% | 4h | 1.4491 | long leg | $17K | $269K | 10x | |
| ApeX Omni GRAMUSDT | +0.0100% | 1h | 1.4490 | −0.006% | $13K | $593K | 50x | as long as short |
| Orderly PERP_GRAM_USDC_mythos | +0.0100% | 4h | 1.4490 | −0.006% | $2K | $1K | 10x | as long as short |
| SunX GRAM-USDT | +0.0100% | 4h | 1.4516 | +0.173% | $7K | $590K | 10x | as long as short |
| Phemex GRAMUSDT | +0.0100% | 4h | 1.4490 | −0.006% | $1.6M | $1.7M | 20x | as long as short |
| Extended GRAM-USD | +0.0104% | 1h | 1.4493 | +0.014% | $169K | $123K | 5x | as long as short |
| Aster GRAMUSDT | +0.0244% | 4h | 1.4519 | +0.193% | $966K | $102K | 50x | as long as short |
| BloFin GRAM-USDT | +0.0340% | 4h | 1.4500 | +0.063% | $1.4M | $210K | 50x | as long as short |
| Hyperliquid GRAMshort | +0.0560% | 1h | 1.4513 | +0.153% | $35.8M | $6.9M | 5x | |
| Lighter GRAM | +0.0720% | 1h | 1.4523 | +0.220% | $2.7M | $2.3M | 20x | as long as short |
| HTX GRAM-USDT | +0.0807% | 4h | 1.4529 | +0.263% | $337K | $629K | 30x | as long as short |
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