Funding you earn now, next payment 02:00 UTC−0.0204%/8h= −22.4% APRpaid last 24h −0.008%
Price spread now: MEXC against Backpack−0.083%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—needs both histories
Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and MEXC is 0.083% cheaper against Backpack than usual: you would sell low and buy high (−$8 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack GRAM_USDC_PERP | 1.4492 | 0.0304 | pay 0.0038% / 1h | 0m 45s | $53K | $17K | 10x |
| Short | MEXC GRAM_USDT | 1.4480 | 0.0100 | get 0.0050% / 4h | 2h 00m | $15.3M | $2.7M | 20x |
Backpack GRAM_USDC_PERP
MEXC GRAM_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- −$42.93
- Price spread: −0.083% → 0.000%
- −$8.28
- Slippage, 4 orders
- no order book: not counted
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$65.21
- Costs to cover
- 0.140%
- Break-even
- never at this rate
Slippage unknown: Backpack: no order-book sample; MEXC: live order book, 3 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 MEXC live order book, 3 min ago | 3.45 bp | 5.4 bp −$5 | 11.6 bp −$116 | 64.3 bp −$6,428 | 312.0 bp −$156.0K |
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 20 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 | −0.014% | $4K | $143K | 12x | as long as short |
| Paradex GRAM-USD-PERP | +0.0100% | 8h | 1.4482 | −0.068% | $2K | $19 | 5x | as long as short |
| Binance GRAMUSDT | +0.0100% | 4h | 1.4485 | −0.050% | $20.5M | $28.0M | 50x | as long as short |
| Bybit GRAMUSDT | +0.0100% | 4h | 1.4475 | −0.117% | $30.7M | $14.0M | 50x | as long as short |
| OKX GRAM-USDT-SWAP | +0.0100% | 4h | 1.4480 | −0.083% | $8.6M | $8.5M | 50x | as long as short |
| Gate GRAM_USDT | +0.0100% | 4h | 1.4490 | −0.014% | $3.7M | $3.3M | 75x | as long as short |
| MEXC GRAM_USDTshort | +0.0100% | 4h | 1.4480 | −0.083% | $15.3M | $2.7M | 20x | |
| KuCoin GRAMUSDTM | +0.0100% | 4h | 1.4491 | −0.007% | $8.8M | $10.6M | 50x | as long as short |
| Bitget GRAMUSDT | +0.0100% | 4h | 1.4491 | −0.007% | $7.2M | $4.1M | 50x | as long as short |
| edgeX GRAMUSDC | +0.0100% | 4h | 1.4492 | −0.001% | $17K | $274K | 10x | as long as short |
Injective GRAM/USDC PERP
Paradex GRAM-USD-PERP
Binance GRAMUSDT
Bybit GRAMUSDT
OKX GRAM-USDT-SWAP
Gate GRAM_USDT
KuCoin GRAMUSDTM
Bitget GRAMUSDT
edgeX GRAMUSDCShow all 20 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| ApeX Omni GRAMUSDT | +0.0100% | 1h | 1.4490 | −0.014% | $14K | $605K | 50x | as long as short |
| Orderly PERP_GRAM_USDC_mythos | +0.0100% | 4h | 1.4480 | −0.083% | $2K | $1K | 10x | as long as short |
| SunX GRAM-USDT | +0.0100% | 4h | 1.4519 | +0.186% | $7K | $599K | 10x | as long as short |
| HTX GRAM-USDT | +0.0100% | 4h | 1.4532 | +0.276% | $339K | $621K | 30x | as long as short |
| Phemex GRAMUSDT | +0.0100% | 4h | 1.4480 | −0.083% | $1.5M | $1.8M | 20x | as long as short |
| Extended GRAM-USD | +0.0104% | 1h | 1.4479 | −0.089% | $169K | $123K | 5x | as long as short |
| Hyperliquid GRAM | +0.0144% | 1h | 1.4498 | +0.041% | $35.7M | $7.4M | 5x | as long as short |
| Backpack GRAM_USDC_PERPlong | +0.0304% | 1h | 1.4492 | long leg | $53K | $17K | 10x | |
| Aster GRAMUSDT | +0.0389% | 4h | 1.4508 | +0.113% | $972K | $126K | 50x | as long as short |
| Lighter GRAM | +0.0632% | 1h | 1.4513 | +0.144% | $2.6M | $2.4M | 20x | as long as short |
ApeX Omni GRAMUSDT
Orderly PERP_GRAM_USDC_mythos
SunX GRAM-USDT
HTX GRAM-USDT
Phemex GRAMUSDT
Extended GRAM-USD
Hyperliquid GRAM
Aster GRAMUSDT
Lighter GRAM