Funding you earn now, next payment 03:00 UTC−0.0254%/8h= −27.8% APRpaid last 24h −0.134%
Price spread now: Binance against Hyperliquid−0.138%7-day average −0.093% · you buy dearer than you sell
Net, funding: paid 7d − costs−$61as in the Funding arb table
Net, price: spread back to 7d avg − costs−$37as in the Price arb table
costs, in and out, $10k−$330.325% of the position
Funding, last 7 days−0.285%−$29 on $10k
+Price spread, last 7 days+0.027%+$3 · spread now −0.138%, 7d avg −0.093%
=Together, before fees−0.258%+ Points / potential airdropHyperliquid: Season 2 · farm board−$26 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and Binance is 0.045% cheaper against Hyperliquid than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.093%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid GRAM | 1.4533 | 0.0354 | pay 0.0044% / 1h | 18m 43s | $35.9M | $7.2M | 5x |
| Short | Binance GRAMUSDT | 1.4513 | 0.0100 | get 0.0050% / 4h | 1h 18m | $20.7M | $28.1M | 50x |
Hyperliquid GRAM
Binance GRAMUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Hyperliquid. 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
- −$53.28
- Price spread: −0.138% → −0.093%
- −$4.49
- Slippage, 4 orders
- −$13.51
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$90.28
- Costs to cover
- 0.325%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 4 min ago; Binance: live order book, 8 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 Hyperliquid live order book, 4 min ago | 1.38 bp | 7.7 bp −$8 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 8 min ago | 3.45 bp | 8.5 bp −$8 | 27.4 bp −$274 | 271.8 bp −$27.2K | 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 | −0.296% | $4K | $143K | 12x | as long as short |
| Paradex GRAM-USD-PERP | +0.0100% | 8h | 1.4513 | −0.140% | $2K | $19 | 5x | as long as short |
| Binance GRAMUSDTshort | +0.0100% | 4h | 1.4513 | −0.138% | $20.7M | $28.1M | 50x | |
| Bybit GRAMUSDT | +0.0100% | 4h | 1.4510 | −0.158% | $30.8M | $13.8M | 50x | as long as short |
| OKX GRAM-USDT-SWAP | +0.0100% | 4h | 1.4510 | −0.158% | $8.7M | $8.6M | 50x | as long as short |
| Gate GRAM_USDT | +0.0100% | 4h | 1.4516 | −0.117% | $3.7M | $3.3M | 75x | as long as short |
| MEXC GRAM_USDT | +0.0100% | 4h | 1.4510 | −0.158% | $15.3M | $2.6M | 20x | as long as short |
| KuCoin GRAMUSDTM | +0.0100% | 4h | 1.4525 | −0.055% | $8.8M | $10.4M | 50x | as long as short |
| Bitget GRAMUSDT | +0.0100% | 4h | 1.4526 | −0.048% | $7.2M | $4.1M | 50x | as long as short |
| Backpack GRAM_USDC_PERP | +0.0100% | 1h | 1.4524 | −0.062% | $54K | $16K | 10x | as long as short |
Injective GRAM/USDC PERP
Paradex GRAM-USD-PERP
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 | 1.4519 | −0.096% | $17K | $273K | 10x | as long as short |
| ApeX Omni GRAMUSDT | +0.0100% | 1h | 1.4510 | −0.158% | $14K | $610K | 50x | as long as short |
| Orderly PERP_GRAM_USDC_mythos | +0.0100% | 4h | 1.4520 | −0.089% | $2K | $1K | 10x | as long as short |
| SunX GRAM-USDT | +0.0100% | 4h | 1.4540 | +0.048% | $7K | $596K | 10x | as long as short |
| HTX GRAM-USDT | +0.0100% | 4h | 1.4565 | +0.220% | $339K | $620K | 30x | as long as short |
| Phemex GRAMUSDT | +0.0100% | 4h | 1.4520 | −0.089% | $1.5M | $1.8M | 20x | as long as short |
| Extended GRAM-USD | +0.0104% | 1h | 1.4512 | −0.143% | $169K | $123K | 5x | as long as short |
| BloFin GRAM-USDT | +0.0340% | 4h | 1.4500 | −0.227% | $1.4M | $208K | 50x | as long as short |
| Hyperliquid GRAMlong | +0.0354% | 1h | 1.4533 | long leg | $35.9M | $7.2M | 5x | |
| Aster GRAMUSDT | +0.0356% | 4h | 1.4538 | +0.032% | $974K | $126K | 50x | as long as short |
| Lighter GRAM | +0.0848% | 1h | 1.4545 | +0.081% | $2.6M | $2.4M | 20x | as long as short |
edgeX GRAMUSDC
ApeX Omni GRAMUSDT
Orderly PERP_GRAM_USDC_mythos
SunX GRAM-USDT
HTX GRAM-USDT
Phemex GRAMUSDT
Extended GRAM-USD
BloFin GRAM-USDT
Aster GRAMUSDT
Lighter GRAM