Funding you earn now, next payment 06:00 UTC−0.0071%/8h= −7.7% APRnext payment −$0.09 per $10,000 · paid last 24h −0.039%
Price spread now: Injective against Extended+1.001%80s7-day average +0.021% · you sell dearer than you buy
Net, funding: paid 7d − costs−$121as 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−$1101.098% of the position
Funding, last 7 days−0.109%−$11 on $10k
+Price spread, last 4 days (all we have)−1.459%−$146 · spread now +1.001%, 7d avg +0.021%
=Together, before fees−1.569%+ Points / potential airdropExtended: Active · farm board−$157 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Injective is 0.980% dearer against Extended than usual: you sell high and buy low (spread +1.001% now, against its 7-day average of +0.021%): +$98 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 46 days. The two prices were read 80 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 | Extended GRAM-USD | 1.4346 | 0.0104 | pay 0.0013% / 1h | 39m 48s | $168K | $123K | 5x |
| Short | Injective GRAM/USDC PERP | 1.4490 | 0.0033 | get 0.0004% / 1h | 39m 48s | $4K | $143K | 12x |
Extended GRAM-USD
Injective GRAM/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against Extended. 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
- −$14.84
- Price spread: +1.001% → +0.021%
- $97.99
- Slippage, 4 orders
- −$104.8
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$26.67
- Costs to cover
- 1.098%
- Break-even
- never at this rate
Slippage from Extended: live order book, 6 min ago; Injective: live order book, 54 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 Extended live order book, 6 min ago | 5.22 bp | 17.3 bp −$17 | 81.2 bp −$812 | doesn't fit | doesn't fit |
| Sell Injective live order book, 54 min ago | 27.82 bp | 27.8 bp −$28 | 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 PERPshort | +0.0033% | 1h | 1.4490 | +1.001% | $4K | $143K | 12x | |
| Lighter GRAM | +0.0096% | 1h | 1.4369 | +0.161% | $2.3M | $2.9M | 20x | as long as short |
| Binance GRAMUSDT | +0.0100% | 4h | 1.4363 | +0.114% | $20.3M | $27.5M | 50x | as long as short |
| Bybit GRAMUSDT | +0.0100% | 4h | 1.4350 | +0.026% | $30.3M | $13.6M | 50x | as long as short |
| OKX GRAM-USDT-SWAP | +0.0100% | 4h | 1.4350 | +0.026% | $8.6M | $8.1M | 50x | as long as short |
| Gate GRAM_USDT | +0.0100% | 4h | 1.4358 | +0.081% | $3.5M | $3.4M | 75x | as long as short |
| MEXC GRAM_USDT | +0.0100% | 4h | 1.4350 | +0.026% | $16.5M | $2.6M | 20x | as long as short |
| KuCoin GRAMUSDTM | +0.0100% | 4h | 1.4359 | +0.088% | $9.2M | $10.1M | 50x | as long as short |
| Bitget GRAMUSDT | +0.0100% | 4h | 1.4356 | +0.067% | $7.1M | $4.0M | 50x | as long as short |
| edgeX GRAMUSDC | +0.0100% | 4h | 1.4358 | +0.079% | $17K | $274K | 10x | as long as short |
Lighter GRAM
Binance GRAMUSDT
Bybit GRAMUSDT
OKX GRAM-USDT-SWAP
Gate GRAM_USDT
MEXC GRAM_USDT
KuCoin GRAMUSDTM
Bitget GRAMUSDT
edgeX GRAMUSDCShow all 21 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| ApeX Omni GRAMUSDT | +0.0100% | 1h | 1.4370 | +0.165% | $14K | $618K | 50x | as long as short |
| Orderly PERP_GRAM_USDC_mythos | +0.0100% | 4h | 1.4360 | +0.095% | $2K | $1K | 10x | as long as short |
| SunX GRAM-USDT | +0.0100% | 4h | 1.4376 | +0.207% | $6K | $561K | 10x | as long as short |
| HTX GRAM-USDT | +0.0100% | 4h | 1.4391 | +0.311% | $330K | $584K | 30x | as long as short |
| Phemex GRAMUSDT | +0.0100% | 4h | 1.4360 | +0.095% | $1.5M | $1.8M | 20x | as long as short |
| Paradex GRAM-USD-PERP | +0.0100% | 8h | 1.4352 | +0.042% | $2K | $19 | 5x | as long as short |
| Extended GRAM-USDlong | +0.0104% | 1h | 1.4346 | long leg | $168K | $123K | 5x | |
| Aster GRAMUSDT | +0.0214% | 4h | 1.4381 | +0.241% | $964K | $120K | 50x | as long as short |
| BloFin GRAM-USDT | +0.0340% | 4h | 1.4360 | +0.095% | $1.4M | $237K | 50x | as long as short |
| Hyperliquid GRAM | +0.0416% | 1h | 1.4376 | +0.207% | $35.4M | $7.6M | 5x | as long as short |
| Backpack GRAM_USDC_PERP | +0.0486% | 1h | 1.4359 | +0.088% | $53K | $16K | 10x | as long as short |
ApeX Omni GRAMUSDT
Orderly PERP_GRAM_USDC_mythos
SunX GRAM-USDT
HTX GRAM-USDT
Phemex GRAMUSDT
Paradex GRAM-USD-PERP
Aster GRAMUSDT
BloFin GRAM-USDT
Hyperliquid GRAM
Backpack GRAM_USDC_PERP