Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.146%
Price spread now: Hyperliquid against Backpack−0.028%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropHyperliquid: Season 2 · farm boardneeds both histories
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Hyperliquid is 0.028% cheaper against Backpack than usual: you would sell low and buy high, −$3 on $10k if it goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack GRAM_USDC_PERP | 1.4517 | 0.0100 | pay 0.0013% / 1h | 44m 41s | $44K | $12K | 10x |
| Short | Hyperliquid GRAM | 1.4513 | 0.0100 | get 0.0013% / 1h | 44m 41s | $35.8M | $6.8M | 5x |
Backpack GRAM_USDC_PERP
Hyperliquid GRAMFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against Backpack. 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: −0.028% → 0.000%
- −$2.76
- Slippage, 4 orders
- no order book: not counted
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$21.76
- Costs to cover
- 0.190%
- Break-even
- never at this rate
Slippage unknown: Backpack: no order-book sample; Hyperliquid: live order book, 8 min ago. Net counts fees only.
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 Backpack no order-book sample | — | — | — | — | — |
| Sell Hyperliquid live order book, 8 min ago | 0.34 bp | 8.5 bp −$8 | doesn't fit | doesn't fit | doesn't fit |
Backpack: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | |
|---|---|---|---|---|---|---|---|---|
| Paradex GRAM-USD-PERP | +0.0100% | 8h | 1.4499 | −0.121% | $2K | $30 | 5x | as long as short |
| Hyperliquid GRAMshort | +0.0100% | 1h | 1.4513 | −0.028% | $35.8M | $6.8M | 5x | |
| Binance GRAMUSDT | +0.0100% | 4h | 1.4501 | −0.108% | $20.8M | $25.8M | 50x | as long as short |
| Bybit GRAMUSDT | +0.0100% | 4h | 1.4499 | −0.124% | $30.5M | $13.9M | 50x | as long as short |
| OKX GRAM-USDT-SWAP | +0.0100% | 4h | 1.4500 | −0.117% | $8.6M | $8.3M | 50x | as long as short |
| Gate GRAM_USDT | +0.0100% | 4h | 1.4506 | −0.076% | $3.7M | $3.2M | 75x | as long as short |
| MEXC GRAM_USDT | +0.0100% | 4h | 1.4500 | −0.117% | $15.3M | $2.8M | 20x | as long as short |
| KuCoin GRAMUSDTM | +0.0100% | 4h | 1.4498 | −0.131% | $8.7M | $10.9M | 50x | as long as short |
| Bitget GRAMUSDT | +0.0100% | 4h | 1.4505 | −0.083% | $7.2M | $3.7M | 50x | as long as short |
| Backpack GRAM_USDC_PERPlong | +0.0100% | 1h | 1.4517 | long leg | $44K | $12K | 10x |
Paradex GRAM-USD-PERP
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 | |
|---|---|---|---|---|---|---|---|---|
| edgeX GRAMUSDC | +0.0100% | 4h | 1.4522 | +0.034% | $17K | $271K | 10x | as long as short |
| ApeX Omni GRAMUSDT | +0.0100% | 1h | 1.4530 | +0.090% | $13K | $586K | 50x | as long as short |
| Orderly PERP_GRAM_USDC_mythos | +0.0100% | 4h | 1.4520 | +0.021% | $2K | $1K | 10x | as long as short |
| SunX GRAM-USDT | +0.0100% | 4h | 1.4526 | +0.062% | $7K | $572K | 10x | as long as short |
| Phemex GRAMUSDT | +0.0100% | 4h | 1.4510 | −0.048% | $1.6M | $1.7M | 20x | as long as short |
| Extended GRAM-USD | +0.0104% | 1h | 1.4500 | −0.119% | $150K | $103K | 5x | as long as short |
| Injective GRAM/USDC PERP | +0.0132% | 1h | 1.4540 | +0.158% | $4K | $121K | 12x | as long as short |
| Aster GRAMUSDT | +0.0235% | 4h | 1.4530 | +0.087% | $966K | $99K | 50x | as long as short |
| BloFin GRAM-USDT | +0.0340% | 4h | 1.4500 | −0.117% | $1.4M | $210K | 50x | as long as short |
| Lighter GRAM | +0.0736% | 1h | 1.4536 | +0.132% | $2.7M | $2.5M | 20x | as long as short |
| HTX GRAM-USDT | +0.1359% | 4h | 1.4587 | +0.482% | $338K | $628K | 30x | as long as short |
edgeX GRAMUSDC
ApeX Omni GRAMUSDT
Orderly PERP_GRAM_USDC_mythos
SunX GRAM-USDT
Phemex GRAMUSDT
Extended GRAM-USD
Injective GRAM/USDC PERP
Aster GRAMUSDT
BloFin GRAM-USDT
Lighter GRAM
HTX GRAM-USDT