Funding you earn now, next payment 00:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h −0.037%
Price spread now: Injective against OKX0.000%88s7-day average +0.025% · you sell dearer than you buy
Net, funding: paid 7d − costs−$123as 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−$1101.099% of the position
Funding, last 7 days−0.133%−$13 on $10k
+Price spread, last 3 days (all we have)−0.363%−$36 · spread now 0.000%, 7d avg +0.025%
=Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Injective is 0.025% cheaper against OKX than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of +0.025%). Swap the legs. The two prices were read 88 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 | 1.4490 | 0.0100 | pay 0.0050% / 4h | 55m 53s | $8.6M | $8.5M | 50x |
| Short | Injective GRAM/USDC PERP | 1.4490 | 0.0033 | get 0.0004% / 1h | 55m 53s | $4K | $143K | 12x |
OKX GRAM-USDT-SWAP
Injective GRAM/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective 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
- −$14
- Price spread: 0.000% → +0.025%
- −$2.49
- Slippage, 4 orders
- −$99.83
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$126.34
- Costs to cover
- 1.099%
- Break-even
- never at this rate
Slippage from OKX: live order book, 2 min ago; Injective: live order book, 3 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, 2 min ago | 3.45 bp | 15.9 bp −$16 | 34.8 bp −$348 | doesn't fit | doesn't fit |
| Sell Injective live order book, 3 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 | 0.000% | $4K | $143K | 12x | |
| Paradex GRAM-USD-PERP | +0.0100% | 8h | 1.4491 | +0.007% | $2K | $30 | 5x | as long as short |
| Hyperliquid GRAM | +0.0100% | 1h | 1.4515 | +0.173% | $35.7M | $7.0M | 5x | as long as short |
| Binance GRAMUSDT | +0.0100% | 4h | 1.4509 | +0.134% | $20.5M | $26.9M | 50x | as long as short |
| Bybit GRAMUSDT | +0.0100% | 4h | 1.4510 | +0.138% | $30.7M | $13.9M | 50x | as long as short |
| OKX GRAM-USDT-SWAPlong | +0.0100% | 4h | 1.4490 | long leg | $8.6M | $8.5M | 50x | |
| Gate GRAM_USDT | +0.0100% | 4h | 1.4508 | +0.124% | $3.7M | $3.1M | 75x | as long as short |
| MEXC GRAM_USDT | +0.0100% | 4h | 1.4500 | +0.069% | $15.4M | $2.7M | 20x | as long as short |
| KuCoin GRAMUSDTM | +0.0100% | 4h | 1.4503 | +0.090% | $9.0M | $11.0M | 50x | as long as short |
| Bitget GRAMUSDT | +0.0100% | 4h | 1.4502 | +0.083% | $7.1M | $3.9M | 50x | as long as short |
Paradex GRAM-USD-PERP
Hyperliquid GRAM
Binance GRAMUSDT
Bybit GRAMUSDT
Gate GRAM_USDT
MEXC 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 | 1.4506 | +0.110% | $44K | $15K | 10x | as long as short |
| edgeX GRAMUSDC | +0.0100% | 4h | 1.4484 | −0.041% | $17K | $270K | 10x | as long as short |
| ApeX Omni GRAMUSDT | +0.0100% | 1h | 1.4490 | 0.000% | $13K | $590K | 50x | as long as short |
| Orderly PERP_GRAM_USDC_mythos | +0.0100% | 4h | 1.4500 | +0.069% | $2K | $1K | 10x | as long as short |
| SunX GRAM-USDT | +0.0100% | 4h | 1.4517 | +0.186% | $7K | $596K | 10x | as long as short |
| Phemex GRAMUSDT | +0.0100% | 4h | 1.4500 | +0.069% | $1.6M | $1.7M | 20x | as long as short |
| Extended GRAM-USD | +0.0104% | 1h | 1.4507 | +0.115% | $169K | $123K | 5x | as long as short |
| Aster GRAMUSDT | +0.0147% | 4h | 1.4510 | +0.138% | $966K | $99K | 50x | as long as short |
| HTX GRAM-USDT | +0.0319% | 4h | 1.4517 | +0.186% | $336K | $628K | 30x | as long as short |
| BloFin GRAM-USDT | +0.0340% | 4h | 1.4490 | 0.000% | $1.4M | $215K | 50x | as long as short |
| Lighter GRAM | +0.0656% | 1h | 1.4528 | +0.263% | $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