Funding you earn now, next payment 23:00 UTC−0.0478%/8h= −52.3% APRpaid last 24h −0.149%
Price spread now: Bybit against Hyperliquid−0.158%7-day average −0.088% · you buy dearer than you sell
Net, funding: paid 7d − costs−$73as in the Funding arb table
Net, price: spread back to 7d avg − costs−$48as in the Price arb table
costs, in and out, $10k−$410.410% of the position
Funding, last 7 days−0.319%−$32 on $10k
+Price spread, last 7 days+0.121%+$12 · spread now −0.158%, 7d avg −0.088%
=Together, before fees−0.198%+ Points / potential airdropHyperliquid: Season 2 · farm board−$20 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$14 a day on $10k at the current rate, and Bybit is 0.070% cheaper against Hyperliquid than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of −0.088%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.319% in total (about -16.6% 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 | Hyperliquid GRAM | 1.4514 | 0.0578 | pay 0.0072% / 1h | 57m 31s | $35.8M | $6.9M | 5x |
| Short | Bybit GRAMUSDT | 1.4491 | 0.0100 | get 0.0050% / 4h | 1h 57m | $30.7M | $14.0M | 50x |
Hyperliquid GRAM
Bybit GRAMUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- −$100.38
- Price spread: −0.158% → −0.088%
- −$7.04
- Slippage, 4 orders
- −$20.98
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$148.41
- Costs to cover
- 0.410%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 6 min ago; Bybit: live order book, 1 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, 6 min ago | 0.69 bp | 7.7 bp −$8 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 1 min ago | 3.45 bp | 15.7 bp −$16 | 33.6 bp −$336 | 469.3 bp −$46.9K | 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 | −0.165% | $4K | $143K | 12x | as long as short |
| Paradex GRAM-USD-PERP | +0.0098% | 8h | 1.4490 | −0.167% | $2K | $30 | 5x | as long as short |
| Binance GRAMUSDT | +0.0100% | 4h | 1.4492 | −0.150% | $20.5M | $26.7M | 50x | as long as short |
| Bybit GRAMUSDTshort | +0.0100% | 4h | 1.4491 | −0.158% | $30.7M | $14.0M | 50x | |
| OKX GRAM-USDT-SWAP | +0.0100% | 4h | 1.4490 | −0.165% | $8.6M | $8.5M | 50x | as long as short |
| Gate GRAM_USDT | +0.0100% | 4h | 1.4493 | −0.145% | $3.7M | $3.2M | 75x | as long as short |
| MEXC GRAM_USDT | +0.0100% | 4h | 1.4490 | −0.165% | $15.4M | $2.8M | 20x | as long as short |
| KuCoin GRAMUSDTM | +0.0100% | 4h | 1.4495 | −0.131% | $8.7M | $10.9M | 50x | as long as short |
| Bitget GRAMUSDT | +0.0100% | 4h | 1.4494 | −0.138% | $7.2M | $3.9M | 50x | as long as short |
| Backpack GRAM_USDC_PERP | +0.0100% | 1h | 1.4497 | −0.117% | $45K | $13K | 10x | as long as short |
Injective GRAM/USDC PERP
Paradex GRAM-USD-PERP
Binance 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 | 1.4491 | −0.159% | $17K | $269K | 10x | as long as short |
| ApeX Omni GRAMUSDT | +0.0100% | 1h | 1.4490 | −0.165% | $13K | $593K | 50x | as long as short |
| Orderly PERP_GRAM_USDC_mythos | +0.0100% | 4h | 1.4490 | −0.165% | $2K | $1K | 10x | as long as short |
| SunX GRAM-USDT | +0.0100% | 4h | 1.4516 | +0.014% | $6K | $592K | 10x | as long as short |
| Phemex GRAMUSDT | +0.0100% | 4h | 1.4490 | −0.165% | $1.6M | $1.7M | 20x | as long as short |
| Extended GRAM-USD | +0.0104% | 1h | 1.4491 | −0.160% | $169K | $123K | 5x | as long as short |
| Aster GRAMUSDT | +0.0245% | 4h | 1.4513 | −0.009% | $965K | $102K | 50x | as long as short |
| BloFin GRAM-USDT | +0.0340% | 4h | 1.4500 | −0.096% | $1.4M | $210K | 50x | as long as short |
| Hyperliquid GRAMlong | +0.0578% | 1h | 1.4514 | long leg | $35.8M | $6.9M | 5x | |
| Lighter GRAM | +0.0648% | 1h | 1.4521 | +0.051% | $2.7M | $2.3M | 20x | as long as short |
| HTX GRAM-USDT | +0.0836% | 4h | 1.4523 | +0.062% | $337K | $629K | 30x | as long as short |
edgeX GRAMUSDC
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