Funding you earn now, next payment 06:00 UTC+0.0282%/8h= +30.9% APRpaid last 24h +0.129%
Price spread now: Hyperliquid against Phemex+0.097%7-day average +0.123% · you sell dearer than you buy
Net, funding: paid 7d − costs−$115as in the Funding arb table
Net, price: spread back to 7d avg − costs−$141as in the Price arb table
costs, in and out, $10k−$1381.380% of the position
Funding, last 7 days+0.230%+$23 on $10k
+Price spread, last 4 days (all we have)−0.066%−$7 · spread now +0.097%, 7d avg +0.123%
=Together, before fees+0.164%+ Points / potential airdropHyperliquid: Season 2 · farm board+$16 on $10k · with fees, hour by hour
Funding pays, the price is against you. Hyperliquid is 0.026% cheaper against Phemex than usual: you would sell low and buy high (spread +0.097% now, against its 7-day average of +0.123%). If the spread goes back, that is −$3 on $10k: about 7 hours of funding at the current rate (+$8 a day). At the pace of the last 7 days (+0.230% in total) that is about 19 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex GRAMUSDT | 1.4360 | 0.0100 | pay 0.0050% / 4h | 2h 40m | $1.5M | $1.8M | 20x |
| Short | Hyperliquid GRAM | 1.4374 | 0.0382 | get 0.0048% / 1h | 40m 36s | $35.4M | $7.6M | 5x |
Phemex GRAMUSDT
Hyperliquid GRAMFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid 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
- $59.22
- Price spread: +0.097% → +0.123%
- −$2.59
- Slippage, 4 orders
- −$116.96
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$81.33
- Costs to cover
- 1.380%
- Break-even
- 16.6 days
Slippage from Phemex: live order book, 3 min ago; Hyperliquid: 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 Phemex live order book, 3 min ago | 10.44 bp | 62.7 bp −$63 | doesn't fit | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 3 min ago | 0.35 bp | 5.5 bp −$6 | 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 PERP | +0.0033% | 1h | 1.4490 | +0.905% | $4K | $143K | 12x | as long as short |
| Lighter GRAM | +0.0096% | 1h | 1.4368 | +0.058% | $2.3M | $2.9M | 20x | as long as short |
| Binance GRAMUSDT | +0.0100% | 4h | 1.4350 | −0.070% | $20.3M | $27.5M | 50x | as long as short |
| Bybit GRAMUSDT | +0.0100% | 4h | 1.4340 | −0.139% | $30.3M | $13.6M | 50x | as long as short |
| OKX GRAM-USDT-SWAP | +0.0100% | 4h | 1.4350 | −0.070% | $8.6M | $8.1M | 50x | as long as short |
| Gate GRAM_USDT | +0.0100% | 4h | 1.4355 | −0.035% | $3.5M | $3.4M | 75x | as long as short |
| MEXC GRAM_USDT | +0.0100% | 4h | 1.4350 | −0.070% | $16.5M | $2.6M | 20x | as long as short |
| KuCoin GRAMUSDTM | +0.0100% | 4h | 1.4359 | −0.007% | $9.2M | $10.1M | 50x | as long as short |
| Bitget GRAMUSDT | +0.0100% | 4h | 1.4352 | −0.056% | $7.1M | $4.0M | 50x | as long as short |
| edgeX GRAMUSDC | +0.0100% | 4h | 1.4358 | −0.016% | $17K | $274K | 10x | as long as short |
Injective GRAM/USDC PERP
Lighter GRAM
Binance GRAMUSDT
Bybit GRAMUSDT
OKX GRAM-USDT-SWAP
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 | 1.4370 | +0.070% | $14K | $618K | 50x | as long as short |
| Orderly PERP_GRAM_USDC_mythos | +0.0100% | 4h | 1.4370 | +0.070% | $2K | $1K | 10x | as long as short |
| SunX GRAM-USDT | +0.0100% | 4h | 1.4386 | +0.181% | $6K | $561K | 10x | as long as short |
| HTX GRAM-USDT | +0.0100% | 4h | 1.4405 | +0.313% | $330K | $584K | 30x | as long as short |
| Phemex GRAMUSDTlong | +0.0100% | 4h | 1.4360 | long leg | $1.5M | $1.8M | 20x | |
| Paradex GRAM-USD-PERP | +0.0100% | 8h | 1.4352 | −0.053% | $2K | $19 | 5x | as long as short |
| Extended GRAM-USD | +0.0104% | 1h | 1.4346 | −0.096% | $168K | $123K | 5x | as long as short |
| Aster GRAMUSDT | +0.0214% | 4h | 1.4374 | +0.100% | $964K | $120K | 50x | as long as short |
| BloFin GRAM-USDT | +0.0340% | 4h | 1.4360 | 0.000% | $1.4M | $237K | 50x | as long as short |
| Hyperliquid GRAMshort | +0.0382% | 1h | 1.4374 | +0.097% | $35.4M | $7.6M | 5x | |
| Backpack GRAM_USDC_PERP | +0.0508% | 1h | 1.4369 | +0.063% | $53K | $16K | 10x | as long as short |
ApeX Omni GRAMUSDT
Orderly PERP_GRAM_USDC_mythos
SunX GRAM-USDT
HTX GRAM-USDT
Paradex GRAM-USD-PERP
Extended GRAM-USD
Aster GRAMUSDT
BloFin GRAM-USDT
Backpack GRAM_USDC_PERP