Funding you earn now, next payment 12:00 UTC+0.0240%/8h= +26.3% APRnext payment +$1.20 per $10,000 · paid last 24h +0.073%
Price spread now: BloFin against OKX−0.140%73s7-day average +0.036% · you buy dearer than you sell
Net, funding: paid 7d − costs−$28as 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−$720.718% of the position
Funding, last 7 days+0.440%+$44 on $10k
+Price spread, last 4 days (all we have)+0.285%+$29 · spread now −0.140%, 7d avg +0.036%
=Funding pays, the price is against you. BloFin is 0.176% cheaper against OKX than usual: you would sell low and buy high (spread −0.140% now, against its 7-day average of +0.036%). If the spread goes back, that is −$18 on $10k: about 2.4 days of funding at the current rate (+$7 a day). The two prices were read 73 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 | OKX GRAM-USDT-SWAP | 1.4330 | 0.0100 | pay 0.0050% / 4h | 3h 58m | $8.6M | $8.0M | 50x |
| Short | BloFin GRAM-USDT | 1.4310 | 0.0340 | get 0.0170% / 4h | 3h 58m | $1.4M | $242K | 50x |
OKX GRAM-USDT-SWAP
BloFin GRAM-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against OKX. 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: −0.140% → +0.036%
- −$17.58
- Slippage, 4 orders
- −$49.8
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$38.98
- Costs to cover
- 0.718%
- Break-even
- 12.4 days
Slippage from OKX: live order book, 5 min ago; BloFin: live order book, 9 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 OKX live order book, 5 min ago | 3.49 bp | 14.8 bp −$15 | 33.8 bp −$338 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 9 min ago | 3.49 bp | 15.8 bp −$16 | 20.1 bp −$201 | 197.9 bp −$19.8K | 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 | +0.0033% | 1h | 1.4490 | +1.117% | $4K | $143K | 12x | as long as short |
| Hyperliquid GRAM | +0.0100% | 1h | 1.4335 | +0.035% | $35.3M | $7.7M | 5x | as long as short |
| Binance GRAMUSDT | +0.0100% | 4h | 1.4330 | −0.001% | $20.2M | $27.2M | 50x | as long as short |
| Bybit GRAMUSDT | +0.0100% | 4h | 1.4320 | −0.070% | $30.3M | $13.4M | 50x | as long as short |
| OKX GRAM-USDT-SWAPlong | +0.0100% | 4h | 1.4330 | long leg | $8.6M | $8.0M | 50x | |
| Gate GRAM_USDT | +0.0100% | 4h | 1.4328 | −0.014% | $3.6M | $3.4M | 75x | as long as short |
| MEXC GRAM_USDT | +0.0100% | 4h | 1.4320 | −0.070% | $16.3M | $2.6M | 20x | as long as short |
| KuCoin GRAMUSDTM | +0.0100% | 4h | 1.4329 | −0.007% | $8.8M | $9.9M | 50x | as long as short |
| Bitget GRAMUSDT | +0.0100% | 4h | 1.4326 | −0.028% | $7.0M | $4.0M | 50x | as long as short |
| edgeX GRAMUSDC | +0.0100% | 4h | 1.4302 | −0.197% | $16K | $276K | 10x | as long as short |
Injective GRAM/USDC PERP
Hyperliquid GRAM
Binance GRAMUSDT
Bybit GRAMUSDT
Gate GRAM_USDT
MEXC GRAM_USDT
KuCoin GRAMUSDTM
Bitget GRAMUSDT
edgeX GRAMUSDCShow all 21 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| ApeX Omni GRAMUSDT | +0.0100% | 1h | 1.4330 | 0.000% | $14K | $616K | 50x | as long as short |
| Orderly PERP_GRAM_USDC_mythos | +0.0100% | 4h | 1.4330 | 0.000% | $2K | $1K | 10x | as long as short |
| SunX GRAM-USDT | +0.0100% | 4h | 1.4346 | +0.112% | $6K | $557K | 10x | as long as short |
| HTX GRAM-USDT | +0.0100% | 4h | 1.4347 | +0.119% | $304K | $639K | 30x | as long as short |
| Phemex GRAMUSDT | +0.0100% | 4h | 1.4320 | −0.070% | $1.6M | $1.7M | 20x | as long as short |
| Paradex GRAM-USD-PERP | +0.0100% | 8h | 1.4328 | −0.014% | $2K | $31 | 5x | as long as short |
| Lighter GRAM | +0.0104% | 1h | 1.4341 | +0.080% | $2.3M | $2.8M | 20x | as long as short |
| Extended GRAM-USD | +0.0104% | 1h | 1.4326 | −0.029% | $167K | $122K | 5x | as long as short |
| Backpack GRAM_USDC_PERP | +0.0202% | 1h | 1.4333 | +0.021% | $53K | $15K | 10x | as long as short |
| Aster GRAMUSDT | +0.0249% | 4h | 1.4350 | +0.140% | $968K | $124K | 50x | as long as short |
| BloFin GRAM-USDTshort | +0.0340% | 4h | 1.4310 | −0.140% | $1.4M | $242K | 50x |
ApeX Omni GRAMUSDT
Orderly PERP_GRAM_USDC_mythos
SunX GRAM-USDT
HTX GRAM-USDT
Phemex GRAMUSDT
Paradex GRAM-USD-PERP
Lighter GRAM
Extended GRAM-USD
Backpack GRAM_USDC_PERP
Aster GRAMUSDT