Funding you earn now, next payment 00:00 UTC+0.0240%/8h= +26.3% APRnext payment +$1.20 per $10,000 · paid last 24h +0.076%
Price spread now: BloFin against MEXC−0.275%79s7-day average +0.006% · you buy dearer than you sell
Net, funding: paid 7d − costs−$10as 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−$570.573% of the position
Funding, last 7 days+0.471%+$47 on $10k
+Price spread, last 3 days (all we have)+0.567%+$57 · spread now −0.275%, 7d avg +0.006%
=Funding pays, the price is against you. BloFin is 0.281% cheaper against MEXC than usual: you would sell low and buy high (spread −0.275% now, against its 7-day average of +0.006%). If the spread goes back, that is −$28 on $10k: about 3.9 days of funding at the current rate (+$7 a day). The two prices were read 79 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 | MEXC GRAM_USDT | 1.4550 | 0.0100 | pay 0.0050% / 4h | 2h 23m | $15.5M | $2.8M | 20x |
| Short | BloFin GRAM-USDT | 1.4510 | 0.0340 | get 0.0170% / 4h | 2h 23m | $1.4M | $210K | 50x |
MEXC GRAM_USDT
BloFin GRAM-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against MEXC. 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
- $50.4
- Price spread: −0.275% → +0.006%
- −$28.1
- Slippage, 4 orders
- −$41.33
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$35.03
- Costs to cover
- 0.573%
- Break-even
- 11.9 days
Slippage from MEXC: live order book, 5 min ago; BloFin: 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 MEXC live order book, 5 min ago | 3.45 bp | 5.4 bp −$5 | 6.6 bp −$66 | 47.7 bp −$4,768 | 198.8 bp −$99.4K |
| Sell BloFin live order book, 4 min ago | 3.44 bp | 37.0 bp −$37 | 51.2 bp −$512 | 182.2 bp −$18.2K | 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 | +0.0097% | 8h | 1.4555 | +0.037% | $2K | $30 | 5x | as long as short |
| Hyperliquid GRAM | +0.0100% | 1h | 1.4581 | +0.213% | $35.9M | $6.9M | 5x | as long as short |
| Binance GRAMUSDT | +0.0100% | 4h | 1.4556 | +0.044% | $20.6M | $26.6M | 50x | as long as short |
| Bybit GRAMUSDT | +0.0100% | 4h | 1.4568 | +0.124% | $30.8M | $14.0M | 50x | as long as short |
| OKX GRAM-USDT-SWAP | +0.0100% | 4h | 1.4550 | 0.000% | $8.7M | $8.5M | 50x | as long as short |
| Gate GRAM_USDT | +0.0100% | 4h | 1.4565 | +0.103% | $3.7M | $3.3M | 75x | as long as short |
| MEXC GRAM_USDTlong | +0.0100% | 4h | 1.4550 | long leg | $15.5M | $2.8M | 20x | |
| KuCoin GRAMUSDTM | +0.0100% | 4h | 1.4557 | +0.048% | $8.6M | $11.0M | 50x | as long as short |
| Bitget GRAMUSDT | +0.0100% | 4h | 1.4564 | +0.096% | $7.2M | $3.9M | 50x | as long as short |
| Backpack GRAM_USDC_PERP | +0.0100% | 1h | 1.4573 | +0.158% | $46K | $13K | 10x | as long as short |
Paradex GRAM-USD-PERP
Hyperliquid GRAM
Binance GRAMUSDT
Bybit GRAMUSDT
OKX GRAM-USDT-SWAP
Gate 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 | 1.4498 | −0.355% | $17K | $269K | 10x | as long as short |
| ApeX Omni GRAMUSDT | +0.0100% | 1h | 1.4520 | −0.206% | $13K | $590K | 50x | as long as short |
| Orderly PERP_GRAM_USDC_mythos | +0.0100% | 4h | 1.4560 | +0.069% | $2K | $1K | 10x | as long as short |
| SunX GRAM-USDT | +0.0100% | 4h | 1.4576 | +0.179% | $6K | $588K | 10x | as long as short |
| Phemex GRAMUSDT | +0.0100% | 4h | 1.4560 | +0.069% | $1.6M | $1.7M | 20x | as long as short |
| Extended GRAM-USD | +0.0104% | 1h | 1.4558 | +0.056% | $150K | $103K | 5x | as long as short |
| Injective GRAM/USDC PERP | +0.0132% | 1h | 1.4490 | −0.412% | $4K | $143K | 12x | as long as short |
| Aster GRAMUSDT | +0.0256% | 4h | 1.4569 | +0.132% | $969K | $101K | 50x | as long as short |
| BloFin GRAM-USDTshort | +0.0340% | 4h | 1.4510 | −0.275% | $1.4M | $210K | 50x | |
| Lighter GRAM | +0.0824% | 1h | 1.4593 | +0.299% | $2.8M | $2.5M | 20x | as long as short |
| HTX GRAM-USDT | +0.1247% | 4h | 1.4601 | +0.351% | $338K | $628K | 30x | as long as short |
edgeX GRAMUSDC
ApeX Omni GRAMUSDT
Orderly PERP_GRAM_USDC_mythos
SunX GRAM-USDT
Phemex GRAMUSDT
Extended GRAM-USD
Injective GRAM/USDC PERP
Aster GRAMUSDT
Lighter GRAM
HTX GRAM-USDT