Funding you earn now, next payment 00:00 UTC+0.0240%/8h= +26.3% APRnext payment +$1.20 per $10,000 · paid last 24h +0.072%
Price spread now: BloFin against Gate−0.221%63s7-day average −0.036% · you buy dearer than you sell
Net, funding: paid 7d − costs−$5as 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−$570.575% of the position
Funding, last 7 days+0.529%+$53 on $10k
+Price spread, last 3 days (all we have)+0.695%+$70 · spread now −0.221%, 7d avg −0.036%
=Funding pays, the price is against you. BloFin is 0.185% cheaper against Gate than usual: you would sell low and buy high (spread −0.221% now, against its 7-day average of −0.036%). If the spread goes back, that is −$18 on $10k: about 2.6 days of funding at the current rate (+$7 a day). The two prices were read 63 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 | Gate GRAM_USDT | 1.4512 | 0.0100 | pay 0.0050% / 4h | 2h 52m | $3.7M | $3.2M | 75x |
| Short | BloFin GRAM-USDT | 1.4480 | 0.0340 | get 0.0170% / 4h | 2h 52m | $1.4M | $209K | 50x |
Gate GRAM_USDT
BloFin GRAM-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Gate. 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
- $50.4
- Price spread: −0.221% → −0.036%
- −$18.49
- Slippage, 4 orders
- −$30.46
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$25.55
- Costs to cover
- 0.575%
- Break-even
- 10.5 days
Slippage from Gate: live order book, 6 min ago; BloFin: live order book, 5 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 Gate live order book, 6 min ago | 2.75 bp | 16.3 bp −$16 | 98.9 bp −$989 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 5 min ago | 3.44 bp | 9.4 bp −$9 | 12.8 bp −$128 | 116.2 bp −$11.6K | 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 | |
|---|---|---|---|---|---|---|---|---|
| Paradex GRAM-USD-PERP | +0.0100% | 8h | 1.4507 | −0.036% | $2K | $30 | 5x | as long as short |
| Hyperliquid GRAM | +0.0100% | 1h | 1.4526 | +0.093% | $35.9M | $6.8M | 5x | as long as short |
| Binance GRAMUSDT | +0.0100% | 4h | 1.4510 | −0.014% | $20.9M | $25.8M | 50x | as long as short |
| Bybit GRAMUSDT | +0.0100% | 4h | 1.4502 | −0.069% | $30.6M | $14.0M | 50x | as long as short |
| OKX GRAM-USDT-SWAP | +0.0100% | 4h | 1.4490 | −0.152% | $8.6M | $8.4M | 50x | as long as short |
| Gate GRAM_USDTlong | +0.0100% | 4h | 1.4512 | long leg | $3.7M | $3.2M | 75x | |
| MEXC GRAM_USDT | +0.0100% | 4h | 1.4510 | −0.014% | $15.3M | $2.8M | 20x | as long as short |
| KuCoin GRAMUSDTM | +0.0100% | 4h | 1.4508 | −0.028% | $8.9M | $10.9M | 50x | as long as short |
| Bitget GRAMUSDT | +0.0100% | 4h | 1.4507 | −0.034% | $7.2M | $3.7M | 50x | as long as short |
| Backpack GRAM_USDC_PERP | +0.0100% | 1h | 1.4517 | +0.034% | $44K | $12K | 10x | as long as short |
Paradex GRAM-USD-PERP
Hyperliquid GRAM
Binance GRAMUSDT
Bybit GRAMUSDT
OKX GRAM-USDT-SWAP
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 | 1.4513 | +0.009% | $17K | $269K | 10x | as long as short |
| ApeX Omni GRAMUSDT | +0.0100% | 1h | 1.4530 | +0.124% | $13K | $585K | 50x | as long as short |
| Orderly PERP_GRAM_USDC_mythos | +0.0100% | 4h | 1.4510 | −0.014% | $2K | $1K | 10x | as long as short |
| SunX GRAM-USDT | +0.0100% | 4h | 1.4526 | +0.096% | $6K | $571K | 10x | as long as short |
| Phemex GRAMUSDT | +0.0100% | 4h | 1.4510 | −0.014% | $1.6M | $1.7M | 20x | as long as short |
| Extended GRAM-USD | +0.0104% | 1h | 1.4501 | −0.073% | $150K | $103K | 5x | as long as short |
| Injective GRAM/USDC PERP | +0.0132% | 1h | 1.4540 | +0.193% | $4K | $121K | 12x | as long as short |
| Aster GRAMUSDT | +0.0217% | 4h | 1.4532 | +0.140% | $967K | $99K | 50x | as long as short |
| BloFin GRAM-USDTshort | +0.0340% | 4h | 1.4480 | −0.221% | $1.4M | $209K | 50x | |
| Lighter GRAM | +0.0704% | 1h | 1.4542 | +0.208% | $2.7M | $2.5M | 20x | as long as short |
| HTX GRAM-USDT | +0.1333% | 4h | 1.4587 | +0.517% | $338K | $628K | 30x | as long as short |
edgeX GRAMUSDC
ApeX Omni GRAMUSDT
Orderly PERP_GRAM_USDC_mythos
SunX GRAM-USDT
Phemex GRAMUSDT
Extended GRAM-USD
Injective GRAM/USDC PERP
Aster GRAMUSDT
Lighter GRAM
HTX GRAM-USDT