Funding you earn now, next payment 00:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h −0.034%
Price spread now: Injective against MEXC−0.069%7-day average −0.011% · you buy dearer than you sell
Net, funding: paid 7d − costs−$104as in the Funding arb table
Net, price: spread back to 7d avg − costs−$99as in the Price arb table
costs, in and out, $10k−$930.933% of the position
Funding, last 7 days−0.107%−$11 on $10k
+Price spread, last 3 days (all we have)−0.366%−$37 · spread now −0.069%, 7d avg −0.011%
=Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Injective is 0.058% cheaper against MEXC than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of −0.011%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC GRAM_USDT | 1.4500 | 0.0100 | pay 0.0050% / 4h | 54m 34s | $15.4M | $2.7M | 20x |
| Short | Injective GRAM/USDC PERP | 1.4490 | 0.0033 | get 0.0004% / 1h | 54m 34s | $4K | $143K | 12x |
MEXC GRAM_USDT
Injective GRAM/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective 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
- −$14
- Price spread: −0.069% → −0.011%
- −$5.84
- Slippage, 4 orders
- −$89.28
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$113.14
- Costs to cover
- 0.933%
- Break-even
- never at this rate
Slippage from MEXC: live order book, 9 min ago; Injective: 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, 9 min ago | 3.45 bp | 5.5 bp −$5 | 9.8 bp −$98 | 46.4 bp −$4,636 | 244.7 bp −$122.3K |
| Sell Injective live order book, 4 min ago | 34.55 bp | 34.6 bp −$35 | 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 PERPshort | +0.0033% | 1h | 1.4490 | −0.069% | $4K | $143K | 12x | |
| Paradex GRAM-USD-PERP | +0.0100% | 8h | 1.4502 | +0.015% | $2K | $30 | 5x | as long as short |
| Hyperliquid GRAM | +0.0100% | 1h | 1.4517 | +0.117% | $35.7M | $7.0M | 5x | as long as short |
| Binance GRAMUSDT | +0.0100% | 4h | 1.4503 | +0.018% | $20.5M | $26.9M | 50x | as long as short |
| Bybit GRAMUSDT | +0.0100% | 4h | 1.4502 | +0.014% | $30.7M | $13.9M | 50x | as long as short |
| OKX GRAM-USDT-SWAP | +0.0100% | 4h | 1.4490 | −0.069% | $8.6M | $8.5M | 50x | as long as short |
| Gate GRAM_USDT | +0.0100% | 4h | 1.4505 | +0.034% | $3.7M | $3.2M | 75x | as long as short |
| MEXC GRAM_USDTlong | +0.0100% | 4h | 1.4500 | long leg | $15.4M | $2.7M | 20x | |
| KuCoin GRAMUSDTM | +0.0100% | 4h | 1.4505 | +0.034% | $9.0M | $10.9M | 50x | as long as short |
| Bitget GRAMUSDT | +0.0100% | 4h | 1.4504 | +0.028% | $7.1M | $3.9M | 50x | as long as short |
Paradex GRAM-USD-PERP
Hyperliquid GRAM
Binance GRAMUSDT
Bybit GRAMUSDT
OKX GRAM-USDT-SWAP
Gate GRAM_USDT
KuCoin GRAMUSDTM
Bitget GRAMUSDTShow all 21 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Backpack GRAM_USDC_PERP | +0.0100% | 1h | 1.4511 | +0.076% | $44K | $15K | 10x | as long as short |
| edgeX GRAMUSDC | +0.0100% | 4h | 1.4486 | −0.096% | $17K | $270K | 10x | as long as short |
| ApeX Omni GRAMUSDT | +0.0100% | 1h | 1.4500 | 0.000% | $13K | $590K | 50x | as long as short |
| Orderly PERP_GRAM_USDC_mythos | +0.0100% | 4h | 1.4500 | 0.000% | $2K | $1K | 10x | as long as short |
| SunX GRAM-USDT | +0.0100% | 4h | 1.4527 | +0.186% | $7K | $596K | 10x | as long as short |
| Phemex GRAMUSDT | +0.0100% | 4h | 1.4500 | 0.000% | $1.6M | $1.7M | 20x | as long as short |
| Extended GRAM-USD | +0.0104% | 1h | 1.4504 | +0.026% | $169K | $123K | 5x | as long as short |
| Aster GRAMUSDT | +0.0148% | 4h | 1.4510 | +0.069% | $966K | $99K | 50x | as long as short |
| HTX GRAM-USDT | +0.0312% | 4h | 1.4517 | +0.117% | $336K | $628K | 30x | as long as short |
| BloFin GRAM-USDT | +0.0340% | 4h | 1.4480 | −0.138% | $1.4M | $215K | 50x | as long as short |
| Lighter GRAM | +0.0672% | 1h | 1.4536 | +0.249% | $2.7M | $2.3M | 20x | as long as short |
Backpack GRAM_USDC_PERP
edgeX GRAMUSDC
ApeX Omni GRAMUSDT
Orderly PERP_GRAM_USDC_mythos
SunX GRAM-USDT
Phemex GRAMUSDT
Extended GRAM-USD
Aster GRAMUSDT
HTX GRAM-USDT
BloFin GRAM-USDT
Lighter GRAM