Funding you earn now, next payment 22:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h +0.034%
Price spread now: Binance against Injective−0.273%77s7-day average — · you buy dearer than you sell
Net, funding: paid 7d − costs−$85as 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−$960.963% of the position
Funding, last 7 days+0.112%+$11 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Binance is 0.273% cheaper against Injective than usual: you would sell low and buy high (−$27 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.112%, so the current rate has only just turned against you. The two prices were read 77 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 | Injective GRAM/USDC PERP | 1.4540 | 0.0132 | pay 0.0016% / 1h | 56m 11s | $4K | $121K | 12x |
| Short | Binance GRAMUSDT | 1.4500 | 0.0100 | get 0.0050% / 4h | 2h 56m | $20.9M | $26.0M | 50x |
Injective GRAM/USDC PERP
Binance GRAMUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Injective. 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
- −$6.71
- Price spread: −0.273% → 0.000%
- −$27.33
- Slippage, 4 orders
- −$86.28
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$130.35
- Costs to cover
- 0.963%
- Break-even
- never at this rate
Slippage from Injective: live order book, 13 min ago; Binance: live order book, 15 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 Injective live order book, 13 min ago | 37.81 bp | 37.8 bp −$38 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 15 min ago | 3.44 bp | 12.2 bp −$12 | 24.7 bp −$247 | 191.9 bp −$19.2K | 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 | |
|---|---|---|---|---|---|---|---|---|
| Paradex GRAM-USD-PERP | +0.0100% | 8h | 1.4506 | −0.235% | $2K | $30 | 5x | as long as short |
| Hyperliquid GRAM | +0.0100% | 1h | 1.4514 | −0.179% | $35.8M | $6.7M | 5x | as long as short |
| Binance GRAMUSDTshort | +0.0100% | 4h | 1.4500 | −0.273% | $20.9M | $26.0M | 50x | |
| Bybit GRAMUSDT | +0.0100% | 4h | 1.4500 | −0.275% | $30.5M | $14.0M | 50x | as long as short |
| OKX GRAM-USDT-SWAP | +0.0100% | 4h | 1.4500 | −0.275% | $8.6M | $8.4M | 50x | as long as short |
| Gate GRAM_USDT | +0.0100% | 4h | 1.4510 | −0.206% | $3.7M | $3.2M | 75x | as long as short |
| MEXC GRAM_USDT | +0.0100% | 4h | 1.4510 | −0.206% | $15.3M | $2.8M | 20x | as long as short |
| KuCoin GRAMUSDTM | +0.0100% | 4h | 1.4509 | −0.213% | $8.9M | $10.8M | 50x | as long as short |
| Bitget GRAMUSDT | +0.0100% | 4h | 1.4510 | −0.206% | $7.2M | $3.8M | 50x | as long as short |
| Backpack GRAM_USDC_PERP | +0.0100% | 1h | 1.4513 | −0.186% | $44K | $12K | 10x | as long as short |
Paradex GRAM-USD-PERP
Hyperliquid GRAM
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 | 1.4558 | +0.123% | $17K | $269K | 10x | as long as short |
| ApeX Omni GRAMUSDT | +0.0100% | 1h | 1.4550 | +0.069% | $14K | $585K | 50x | as long as short |
| Orderly PERP_GRAM_USDC_mythos | +0.0100% | 4h | 1.4510 | −0.206% | $2K | $1K | 10x | as long as short |
| SunX GRAM-USDT | +0.0100% | 4h | 1.4526 | −0.096% | $7K | $572K | 10x | as long as short |
| Phemex GRAMUSDT | +0.0100% | 4h | 1.4510 | −0.206% | $1.6M | $1.7M | 20x | as long as short |
| Extended GRAM-USD | +0.0104% | 1h | 1.4508 | −0.217% | $150K | $103K | 5x | as long as short |
| Injective GRAM/USDC PERPlong | +0.0132% | 1h | 1.4540 | long leg | $4K | $121K | 12x | |
| Aster GRAMUSDT | +0.0213% | 4h | 1.4514 | −0.178% | $965K | $99K | 50x | as long as short |
| BloFin GRAM-USDT | +0.0340% | 4h | 1.4520 | −0.138% | $1.4M | $209K | 50x | as long as short |
| Lighter GRAM | +0.0712% | 1h | 1.4538 | −0.016% | $2.7M | $2.5M | 20x | as long as short |
| HTX GRAM-USDT | +0.1355% | 4h | 1.4574 | +0.234% | $338K | $639K | 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