Funding you earn now, next payment 00:00 UTC+0.0240%/8h= +26.3% APRnext payment +$1.20 per $10,000 · paid last 24h +0.072%
Price spread now: BloFin against Phemex−0.069%59s7-day average −0.006% · you buy dearer than you sell
Net, funding: paid 7d − costs−$134as 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−$1731.732% of the position
Funding, last 7 days+0.397%+$40 on $10k
+Price spread, last 3 days (all we have)+0.142%+$14 · spread now −0.069%, 7d avg −0.006%
=Funding pays, the price is against you. BloFin is 0.063% cheaper against Phemex than usual: you would sell low and buy high (spread −0.069% now, against its 7-day average of −0.006%). If the spread goes back, that is −$6 on $10k: about 21 hours of funding at the current rate (+$7 a day). The two prices were read 59 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 | Phemex GRAMUSDT | 1.4500 | 0.0100 | pay 0.0050% / 4h | 52m 00s | $1.6M | $1.7M | 20x |
| Short | BloFin GRAM-USDT | 1.4490 | 0.0340 | get 0.0170% / 4h | 52m 00s | $1.4M | $215K | 50x |
Phemex GRAMUSDT
BloFin GRAM-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- $50.4
- Price spread: −0.069% → −0.006%
- −$6.33
- Slippage, 4 orders
- −$149.21
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$129.13
- Costs to cover
- 1.732%
- Break-even
- 24.9 days
Slippage from Phemex: live order book, 1 min ago; BloFin: live order book, 6 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, 1 min ago | 10.34 bp | 72.6 bp −$73 | doesn't fit | doesn't fit | doesn't fit |
| Sell BloFin live order book, 6 min ago | 3.45 bp | 12.8 bp −$13 | 22.5 bp −$225 | 113.9 bp −$11.4K | 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 | −0.069% | $4K | $143K | 12x | as long as short |
| Paradex GRAM-USD-PERP | +0.0100% | 8h | 1.4508 | +0.058% | $2K | $30 | 5x | as long as short |
| Hyperliquid GRAM | +0.0100% | 1h | 1.4515 | +0.103% | $35.7M | $7.0M | 5x | as long as short |
| Binance GRAMUSDT | +0.0100% | 4h | 1.4506 | +0.042% | $20.5M | $26.9M | 50x | as long as short |
| Bybit GRAMUSDT | +0.0100% | 4h | 1.4513 | +0.090% | $30.8M | $13.9M | 50x | as long as short |
| OKX GRAM-USDT-SWAP | +0.0100% | 4h | 1.4500 | 0.000% | $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_USDT | +0.0100% | 4h | 1.4520 | +0.138% | $15.4M | $2.7M | 20x | as long as short |
| KuCoin GRAMUSDTM | +0.0100% | 4h | 1.4508 | +0.055% | $9.0M | $10.9M | 50x | as long as short |
| Bitget GRAMUSDT | +0.0100% | 4h | 1.4517 | +0.117% | $7.1M | $3.9M | 50x | as long as short |
Injective GRAM/USDC PERP
Paradex GRAM-USD-PERP
Hyperliquid GRAM
Binance GRAMUSDT
Bybit GRAMUSDT
OKX GRAM-USDT-SWAP
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 | 1.4509 | +0.062% | $44K | $15K | 10x | as long as short |
| edgeX GRAMUSDC | +0.0100% | 4h | 1.4502 | +0.017% | $17K | $271K | 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 | 1.4526 | +0.179% | $7K | $594K | 10x | as long as short |
| Phemex GRAMUSDTlong | +0.0100% | 4h | 1.4500 | long leg | $1.6M | $1.7M | 20x | |
| Extended GRAM-USD | +0.0104% | 1h | 1.4506 | +0.039% | $169K | $123K | 5x | as long as short |
| Aster GRAMUSDT | +0.0151% | 4h | 1.4510 | +0.069% | $966K | $99K | 50x | as long as short |
| HTX GRAM-USDT | +0.0297% | 4h | 1.4554 | +0.372% | $336K | $628K | 30x | as long as short |
| BloFin GRAM-USDTshort | +0.0340% | 4h | 1.4490 | −0.069% | $1.4M | $215K | 50x | |
| Lighter GRAM | +0.0720% | 1h | 1.4537 | +0.255% | $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
Extended GRAM-USD
Aster GRAMUSDT
HTX GRAM-USDT
Lighter GRAM