Funding you earn now, next payment 23:00 UTC−0.0837%/8h= −91.7% APRpaid last 24h −0.037%
Price spread now: Injective against HTX−0.021%7-day average −0.293% · you buy dearer than you sell
Net, funding: paid 7d − costs−$192as in the Funding arb table
Net, price: spread back to 7d avg − costs−$113as in the Price arb table
costs, in and out, $10k−$1401.402% of the position
Funding, last 7 days−0.522%−$52 on $10k
+Price spread, last 3 days (all we have)−0.829%−$83 · spread now −0.021%, 7d avg −0.293%
=The price spread pays, funding is against you. Injective is 0.272% dearer against HTX than usual: you sell high and buy low (spread −0.021% now, against its 7-day average of −0.293%): +$27 on $10k if it goes back. Holding the pair costs −$25 a day in funding at the current rate, which eats that in about 26 hours. At the pace of the last 7 days (−0.522% in total) that is about 3.7 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.522% in total (about -27.2% 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 | HTX GRAM-USDT | 1.4493 | 0.0450 | pay 0.0225% / 4h | 1h 23m | $335K | $624K | 30x |
| Short | Injective GRAM/USDC PERP | 1.4490 | −0.0387 | pay 0.0048% / 1h | 23m 12s | $4K | $143K | 12x |
HTX GRAM-USDT
Injective GRAM/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against HTX. 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
- −$175.8
- Price spread: −0.021% → −0.293%
- $27.21
- Slippage, 4 orders
- −$128.16
- Fee HTX: 6 bp × 2 orders
- −$12
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$288.77
- Costs to cover
- 1.402%
- Break-even
- never at this rate
Slippage from HTX: live order book, 60 min ago; Injective: live order book, 41 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 HTX live order book, 60 min ago | 17.46 bp | 32.5 bp −$33 | doesn't fit | doesn't fit | doesn't fit |
| Sell Injective live order book, 41 min ago | 37.97 bp | 38.0 bp −$38 | 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 | −0.0387% | 1h | 1.4490 | −0.021% | $4K | $143K | 12x | |
| Paradex GRAM-USD-PERP | +0.0099% | 8h | 1.4455 | −0.260% | $2K | $30 | 5x | as long as short |
| Binance GRAMUSDT | +0.0100% | 4h | 1.4460 | −0.228% | $20.4M | $26.8M | 50x | as long as short |
| Bybit GRAMUSDT | +0.0100% | 4h | 1.4452 | −0.283% | $30.6M | $14.0M | 50x | as long as short |
| OKX GRAM-USDT-SWAP | +0.0100% | 4h | 1.4450 | −0.297% | $8.6M | $8.5M | 50x | as long as short |
| Gate GRAM_USDT | +0.0100% | 4h | 1.4459 | −0.235% | $3.7M | $3.2M | 75x | as long as short |
| MEXC GRAM_USDT | +0.0100% | 4h | 1.4460 | −0.228% | $15.4M | $2.8M | 20x | as long as short |
| KuCoin GRAMUSDTM | +0.0100% | 4h | 1.4458 | −0.241% | $9.0M | $11.0M | 50x | as long as short |
| Bitget GRAMUSDT | +0.0100% | 4h | 1.4461 | −0.221% | $7.1M | $3.9M | 50x | as long as short |
| Backpack GRAM_USDC_PERP | +0.0100% | 1h | 1.4467 | −0.179% | $45K | $13K | 10x | as long as short |
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 GRAMUSDC | +0.0100% | 4h | 1.4446 | −0.323% | $17K | $271K | 10x | as long as short |
| ApeX Omni GRAMUSDT | +0.0100% | 1h | 1.4450 | −0.297% | $13K | $590K | 50x | as long as short |
| Orderly PERP_GRAM_USDC_mythos | +0.0100% | 4h | 1.4460 | −0.228% | $2K | $1K | 10x | as long as short |
| SunX GRAM-USDT | +0.0100% | 4h | 1.4487 | −0.041% | $7K | $593K | 10x | as long as short |
| Phemex GRAMUSDT | +0.0100% | 4h | 1.4460 | −0.228% | $1.6M | $1.7M | 20x | as long as short |
| Extended GRAM-USD | +0.0104% | 1h | 1.4457 | −0.247% | $169K | $123K | 5x | as long as short |
| Hyperliquid GRAM | +0.0152% | 1h | 1.4471 | −0.152% | $35.6M | $7.0M | 5x | as long as short |
| Aster GRAMUSDT | +0.0197% | 4h | 1.4478 | −0.104% | $963K | $99K | 50x | as long as short |
| BloFin GRAM-USDT | +0.0340% | 4h | 1.4460 | −0.228% | $1.4M | $215K | 50x | as long as short |
| HTX GRAM-USDTlong | +0.0450% | 4h | 1.4493 | long leg | $335K | $624K | 30x | |
| Lighter GRAM | +0.0584% | 1h | 1.4489 | −0.025% | $2.7M | $2.3M | 20x | as long as short |
edgeX GRAMUSDC
ApeX Omni GRAMUSDT
Orderly PERP_GRAM_USDC_mythos
SunX GRAM-USDT
Phemex GRAMUSDT
Extended GRAM-USD
Hyperliquid GRAM
Aster GRAMUSDT
BloFin GRAM-USDT
Lighter GRAM