Funding you earn now, next payment 07:00 UTC+0.0165%/8h= +18.0% APRnext payment +$0.21 per $10,000 · paid last 24h +0.175%
Price spread now: Hyperliquid against Injective−0.766%7-day average +0.117% · you buy dearer than you sell
Net, funding: paid 7d − costs−$48as in the Funding arb table
Net, price: spread back to 7d avg − costs−$178as in the Price arb table
costs, in and out, $10k−$900.901% of the position
Funding, last 7 days+0.421%+$42 on $10k
+Price spread, last 4 days (all we have)+1.384%+$138 · spread now −0.766%, 7d avg +0.117%
=Together, before fees+1.804%+ Points / potential airdropHyperliquid: Season 2 · farm board+$180 on $10k · with fees, hour by hour
Funding pays, the price is against you. Hyperliquid is 0.883% cheaper against Injective than usual: you would sell low and buy high (spread −0.766% now, against its 7-day average of +0.117%). If the spread goes back, that is −$88 on $10k: about 18 days of funding at the current rate (+$5 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Injective GRAM/USDC PERP | 1.4490 | 0.0033 | pay 0.0004% / 1h | 9m 04s | $4K | $143K | 12x |
| Short | Hyperliquid GRAM | 1.4379 | 0.0198 | get 0.0025% / 1h | 9m 04s | $35.4M | $7.6M | 5x |
Injective GRAM/USDC PERP
Hyperliquid GRAMFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid 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
- $34.57
- Price spread: −0.766% → +0.117%
- −$88.29
- Slippage, 4 orders
- −$81.07
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$143.81
- Costs to cover
- 0.901%
- Break-even
- 36.1 days
Slippage from Injective: live order book, 15 min ago; Hyperliquid: live order book, 4 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, 15 min ago | 24.36 bp | 51.1 bp −$51 | doesn't fit | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 4 min ago | 1.39 bp | 7.7 bp −$8 | 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 PERPlong | +0.0033% | 1h | 1.4490 | long leg | $4K | $143K | 12x | |
| Lighter GRAM | +0.0096% | 1h | 1.4379 | −0.766% | $2.3M | $2.9M | 20x | as long as short |
| Binance GRAMUSDT | +0.0100% | 4h | 1.4364 | −0.873% | $20.3M | $27.3M | 50x | as long as short |
| Bybit GRAMUSDT | +0.0100% | 4h | 1.4356 | −0.925% | $30.4M | $13.4M | 50x | as long as short |
| OKX GRAM-USDT-SWAP | +0.0100% | 4h | 1.4370 | −0.828% | $8.6M | $8.1M | 50x | as long as short |
| Gate GRAM_USDT | +0.0100% | 4h | 1.4365 | −0.863% | $3.6M | $3.5M | 75x | as long as short |
| MEXC GRAM_USDT | +0.0100% | 4h | 1.4360 | −0.897% | $16.3M | $2.7M | 20x | as long as short |
| KuCoin GRAMUSDTM | +0.0100% | 4h | 1.4367 | −0.849% | $9.0M | $10.2M | 50x | as long as short |
| Bitget GRAMUSDT | +0.0100% | 4h | 1.4362 | −0.883% | $7.0M | $4.0M | 50x | as long as short |
| Backpack GRAM_USDC_PERP | +0.0100% | 1h | 1.4369 | −0.835% | $53K | $16K | 10x | as long as short |
Lighter GRAM
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 | 1.4363 | −0.877% | $17K | $274K | 10x | as long as short |
| ApeX Omni GRAMUSDT | +0.0100% | 1h | 1.4360 | −0.897% | $14K | $619K | 50x | as long as short |
| Orderly PERP_GRAM_USDC_mythos | +0.0100% | 4h | 1.4360 | −0.897% | $2K | $1K | 10x | as long as short |
| SunX GRAM-USDT | +0.0100% | 4h | 1.4387 | −0.711% | $7K | $557K | 10x | as long as short |
| HTX GRAM-USDT | +0.0100% | 4h | 1.4387 | −0.711% | $324K | $600K | 30x | as long as short |
| Phemex GRAMUSDT | +0.0100% | 4h | 1.4360 | −0.897% | $1.6M | $1.7M | 20x | as long as short |
| Paradex GRAM-USD-PERP | +0.0100% | 8h | 1.4363 | −0.880% | $2K | $31 | 5x | as long as short |
| Extended GRAM-USD | +0.0104% | 1h | 1.4360 | −0.898% | $168K | $122K | 5x | as long as short |
| Aster GRAMUSDT | +0.0170% | 4h | 1.4386 | −0.717% | $965K | $118K | 50x | as long as short |
| Hyperliquid GRAMshort | +0.0198% | 1h | 1.4379 | −0.766% | $35.4M | $7.6M | 5x | |
| BloFin GRAM-USDT | +0.0340% | 4h | 1.4340 | −1.035% | $1.4M | $238K | 50x | as long as short |
edgeX GRAMUSDC
ApeX Omni GRAMUSDT
Orderly PERP_GRAM_USDC_mythos
SunX GRAM-USDT
HTX GRAM-USDT
Phemex GRAMUSDT
Paradex GRAM-USD-PERP
Extended GRAM-USD
Aster GRAMUSDT
BloFin GRAM-USDT