Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.004%
Price spread now: Binance against Phemex+0.007%7-day average +0.011% · you sell dearer than you buy
Net, funding: paid 7d − costs−$168as in the Funding arb table
Net, price: spread back to 7d avg − costs−$162as in the Price arb table
costs, in and out, $10k−$1611.612% of the position
Funding, last 7 days−0.067%−$7 on $10k
+Price spread, last 4 days (all we have)−0.471%−$47 · spread now +0.007%, 7d avg +0.011%
=| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex GRAMUSDT | 1.4470 | 0.0100 | pay 0.0050% / 4h | 1h 41m | $1.5M | $1.8M | 20x |
| Short | Binance GRAMUSDT | 1.4471 | 0.0100 | get 0.0050% / 4h | 1h 41m | $20.6M | $28.2M | 50x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
Binance 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
- $0
- Price spread: +0.007% → +0.011%
- −$0.37
- Slippage, 4 orders
- −$139.21
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$161.58
- Costs to cover
- 1.612%
- Break-even
- never at this rate
Slippage from Phemex: live order book, 2 min ago; Binance: live order book, 15 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, 2 min ago | 6.90 bp | 63.4 bp −$63 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 15 min ago | 3.45 bp | 11.5 bp −$11 | 32.7 bp −$327 | 264.8 bp −$26.5K | 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 | +0.138% | $4K | $143K | 12x | as long as short |
| Paradex GRAM-USD-PERP | +0.0100% | 8h | 1.4473 | +0.020% | $2K | $19 | 5x | as long as short |
| Binance GRAMUSDTshort | +0.0100% | 4h | 1.4471 | +0.007% | $20.6M | $28.2M | 50x | |
| Bybit GRAMUSDT | +0.0100% | 4h | 1.4460 | −0.069% | $30.7M | $14.0M | 50x | as long as short |
| OKX GRAM-USDT-SWAP | +0.0100% | 4h | 1.4460 | −0.069% | $8.7M | $8.6M | 50x | as long as short |
| Gate GRAM_USDT | +0.0100% | 4h | 1.4477 | +0.048% | $3.7M | $3.3M | 75x | as long as short |
| MEXC GRAM_USDT | +0.0100% | 4h | 1.4460 | −0.069% | $15.2M | $2.6M | 20x | as long as short |
| KuCoin GRAMUSDTM | +0.0100% | 4h | 1.4468 | −0.014% | $8.8M | $10.6M | 50x | as long as short |
| Bitget GRAMUSDT | +0.0100% | 4h | 1.4473 | +0.021% | $7.2M | $4.1M | 50x | as long as short |
| Backpack GRAM_USDC_PERP | +0.0100% | 1h | 1.4480 | +0.069% | $53K | $16K | 10x | as long as short |
Show all 21 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| edgeX GRAMUSDC | +0.0100% | 4h | 1.4476 | +0.045% | $17K | $272K | 10x | as long as short |
| ApeX Omni GRAMUSDT | +0.0100% | 1h | 1.4500 | +0.207% | $14K | $606K | 50x | as long as short |
| Orderly PERP_GRAM_USDC_mythos | +0.0100% | 4h | 1.4480 | +0.069% | $2K | $1K | 10x | as long as short |
| SunX GRAM-USDT | +0.0100% | 4h | 1.4480 | +0.069% | $6K | $598K | 10x | as long as short |
| HTX GRAM-USDT | +0.0100% | 4h | 1.4535 | +0.449% | $339K | $621K | 30x | as long as short |
| Phemex GRAMUSDTlong | +0.0100% | 4h | 1.4470 | long leg | $1.5M | $1.8M | 20x | |
| Extended GRAM-USD | +0.0104% | 1h | 1.4470 | +0.001% | $169K | $123K | 5x | as long as short |
| Hyperliquid GRAM | +0.0271% | 1h | 1.4491 | +0.145% | $35.8M | $7.3M | 5x | as long as short |
| BloFin GRAM-USDT | +0.0340% | 4h | 1.4470 | 0.000% | $1.4M | $203K | 50x | as long as short |
| Aster GRAMUSDT | +0.0364% | 4h | 1.4497 | +0.189% | $972K | $126K | 50x | as long as short |
| Lighter GRAM | +0.0816% | 1h | 1.4499 | +0.202% | $2.6M | $2.4M | 20x | as long as short |
Phemex GRAMUSDT
Binance GRAMUSDT
Injective GRAM/USDC PERP
Paradex GRAM-USD-PERP
Bybit GRAMUSDT
OKX GRAM-USDT-SWAP
Gate GRAM_USDT
MEXC GRAM_USDT
KuCoin GRAMUSDTM
Bitget GRAMUSDT
Backpack GRAM_USDC_PERP
edgeX GRAMUSDC
ApeX Omni GRAMUSDT
SunX GRAM-USDT
HTX GRAM-USDT
Extended GRAM-USD
Hyperliquid GRAM
BloFin GRAM-USDT
Aster GRAMUSDT
Lighter GRAM