Funding you earn now, next payment 04:00 UTC+0.0185%/8h= +20.3% APRnext payment +$0.93 per $10,000 · paid last 24h +0.004%
Price spread now: Aster against Phemex+0.138%7-day average +0.076% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$176as in the Price arb table
costs, in and out, $10k−$1821.823% of the position
Funding, last 5 days (all we have)+0.002%$0 on $10k
+Price spread, last 4 days (all we have)−0.417%−$42 · spread now +0.138%, 7d avg +0.076%
=Together, before fees−0.415%+ Points / potential airdropAster: Stage 5 · farm board−$42 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Aster is 0.063% dearer against Phemex than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.076%.
The current funding rate is far above what this pair has been paying: over the last 5 days it paid 0.002% in total (about 0.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.93 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex GRAMUSDT | 1.4450 | 0.0100 | pay 0.0050% / 4h | 53m 14s | $1.5M | $1.8M | 20x |
| Short | Aster GRAMUSDT | 1.4470 | 0.0285 | get 0.0143% / 4h | 53m 14s | $970K | $126K | 50x |
Phemex GRAMUSDT
Aster GRAMUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Aster against Phemex. 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
- $38.9
- Price spread: +0.138% → +0.076%
- $6.26
- Slippage, 4 orders
- −$162.29
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Aster: 4 bp × 2 orders
- −$8
- Net
- −$137.12
- Costs to cover
- 1.823%
- Break-even
- 31.7 days
Slippage from Phemex: live order book, 5 min ago; Aster: live order book, 5 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 Phemex live order book, 5 min ago | 10.38 bp | 66.0 bp −$66 | doesn't fit | doesn't fit | doesn't fit |
| Sell Aster live order book, 5 min ago | 10.38 bp | 17.8 bp −$18 | 80.1 bp −$801 | 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 PERP | +0.0033% | 1h | 1.4490 | +0.277% | $4K | $143K | 12x | as long as short |
| Paradex GRAM-USD-PERP | +0.0100% | 8h | 1.4449 | −0.005% | $2K | $19 | 5x | as long as short |
| Binance GRAMUSDT | +0.0100% | 4h | 1.4454 | +0.026% | $20.6M | $28.2M | 50x | as long as short |
| Bybit GRAMUSDT | +0.0100% | 4h | 1.4446 | −0.028% | $30.5M | $13.9M | 50x | as long as short |
| OKX GRAM-USDT-SWAP | +0.0100% | 4h | 1.4450 | 0.000% | $8.7M | $8.6M | 50x | as long as short |
| Gate GRAM_USDT | +0.0100% | 4h | 1.4456 | +0.042% | $3.6M | $3.3M | 75x | as long as short |
| MEXC GRAM_USDT | +0.0100% | 4h | 1.4450 | 0.000% | $15.2M | $2.6M | 20x | as long as short |
| KuCoin GRAMUSDTM | +0.0100% | 4h | 1.4455 | +0.035% | $8.8M | $10.4M | 50x | as long as short |
| Bitget GRAMUSDT | +0.0100% | 4h | 1.4461 | +0.076% | $7.2M | $4.1M | 50x | as long as short |
| Backpack GRAM_USDC_PERP | +0.0100% | 1h | 1.4462 | +0.083% | $53K | $16K | 10x | as long as short |
Injective GRAM/USDC PERP
Paradex GRAM-USD-PERP
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 | 1.4453 | +0.021% | $17K | $273K | 10x | as long as short |
| ApeX Omni GRAMUSDT | +0.0100% | 1h | 1.4450 | 0.000% | $14K | $608K | 50x | as long as short |
| Orderly PERP_GRAM_USDC_mythos | +0.0100% | 4h | 1.4450 | 0.000% | $2K | $1K | 10x | as long as short |
| SunX GRAM-USDT | +0.0100% | 4h | 1.4478 | +0.194% | $7K | $598K | 10x | as long as short |
| HTX GRAM-USDT | +0.0100% | 4h | 1.4490 | +0.277% | $337K | $621K | 30x | as long as short |
| Phemex GRAMUSDTlong | +0.0100% | 4h | 1.4450 | long leg | $1.5M | $1.8M | 20x | |
| Extended GRAM-USD | +0.0104% | 1h | 1.4450 | 0.000% | $169K | $123K | 5x | as long as short |
| Hyperliquid GRAM | +0.0125% | 1h | 1.4469 | +0.131% | $35.7M | $7.2M | 5x | as long as short |
| Aster GRAMUSDTshort | +0.0285% | 4h | 1.4470 | +0.138% | $970K | $126K | 50x | |
| BloFin GRAM-USDT | +0.0340% | 4h | 1.4450 | 0.000% | $1.4M | $207K | 50x | as long as short |
| Lighter GRAM | +0.0624% | 1h | 1.4483 | +0.230% | $2.6M | $2.4M | 20x | as long as short |
edgeX GRAMUSDC
ApeX Omni GRAMUSDT
Orderly PERP_GRAM_USDC_mythos
SunX GRAM-USDT
HTX GRAM-USDT
Extended GRAM-USD
Hyperliquid GRAM
BloFin GRAM-USDT
Lighter GRAM