Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.147%
Price spread now: Backpack against Hyperliquid−0.021%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: Backpack is 0.021% cheaper against Hyperliquid than usual: you would sell low and buy high, −$2 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 | Hyperliquid GRAM | 1.4468 | 0.0100 | pay 0.0013% / 1h | 12m 05s | $35.6M | $7.0M | 5x |
| Short | Backpack GRAM_USDC_PERP | 1.4465 | 0.0100 | get 0.0013% / 1h | 12m 05s | $43K | $15K | 10x |
Hyperliquid GRAM
Backpack GRAM_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against Hyperliquid. 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: −0.021% → 0.000%
- −$2.07
- Slippage, 4 orders
- no order book: not counted
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$21.07
- Costs to cover
- 0.190%
- Break-even
- never at this rate
Slippage unknown: Hyperliquid: live order book, 11 min ago; Backpack: no order-book sample. 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 Hyperliquid live order book, 11 min ago | 0.35 bp | 5.6 bp −$6 | doesn't fit | doesn't fit | doesn't fit |
| Sell Backpack no order-book sample | — | — | — | — | — |
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 | |
|---|---|---|---|---|---|---|---|---|
| Injective GRAM/USDC PERP | −0.0387% | 1h | 1.4490 | +0.152% | $4K | $143K | 12x | as long as short |
| Paradex GRAM-USD-PERP | +0.0099% | 8h | 1.4452 | −0.113% | $2K | $30 | 5x | as long as short |
| Hyperliquid GRAMlong | +0.0100% | 1h | 1.4468 | long leg | $35.6M | $7.0M | 5x | |
| Binance GRAMUSDT | +0.0100% | 4h | 1.4460 | −0.055% | $20.4M | $26.8M | 50x | as long as short |
| Bybit GRAMUSDT | +0.0100% | 4h | 1.4455 | −0.090% | $30.6M | $14.0M | 50x | as long as short |
| OKX GRAM-USDT-SWAP | +0.0100% | 4h | 1.4440 | −0.194% | $8.6M | $8.5M | 50x | as long as short |
| Gate GRAM_USDT | +0.0100% | 4h | 1.4459 | −0.062% | $3.7M | $3.2M | 75x | as long as short |
| MEXC GRAM_USDT | +0.0100% | 4h | 1.4460 | −0.055% | $15.4M | $2.8M | 20x | as long as short |
| KuCoin GRAMUSDTM | +0.0100% | 4h | 1.4453 | −0.104% | $9.0M | $11.0M | 50x | as long as short |
| Bitget GRAMUSDT | +0.0100% | 4h | 1.4458 | −0.069% | $7.1M | $3.8M | 50x | as long as short |
Injective GRAM/USDC PERP
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 | |
|---|---|---|---|---|---|---|---|---|
| Backpack GRAM_USDC_PERPshort | +0.0100% | 1h | 1.4465 | −0.021% | $43K | $15K | 10x | |
| edgeX GRAMUSDC | +0.0100% | 4h | 1.4450 | −0.127% | $17K | $272K | 10x | as long as short |
| ApeX Omni GRAMUSDT | +0.0100% | 1h | 1.4440 | −0.194% | $13K | $591K | 50x | as long as short |
| Orderly PERP_GRAM_USDC_mythos | +0.0100% | 4h | 1.4460 | −0.055% | $2K | $1K | 10x | as long as short |
| SunX GRAM-USDT | +0.0100% | 4h | 1.4477 | +0.062% | $7K | $595K | 10x | as long as short |
| Phemex GRAMUSDT | +0.0100% | 4h | 1.4460 | −0.055% | $1.6M | $1.7M | 20x | as long as short |
| Extended GRAM-USD | +0.0104% | 1h | 1.4457 | −0.076% | $169K | $123K | 5x | as long as short |
| Aster GRAMUSDT | +0.0163% | 4h | 1.4474 | +0.045% | $963K | $99K | 50x | as long as short |
| BloFin GRAM-USDT | +0.0340% | 4h | 1.4430 | −0.263% | $1.4M | $214K | 50x | as long as short |
| HTX GRAM-USDT | +0.0376% | 4h | 1.4488 | +0.138% | $335K | $628K | 30x | as long as short |
| Lighter GRAM | +0.0552% | 1h | 1.4485 | +0.115% | $2.7M | $2.3M | 20x | as long as short |
edgeX GRAMUSDC
ApeX Omni GRAMUSDT
Orderly PERP_GRAM_USDC_mythos
SunX GRAM-USDT
Phemex GRAMUSDT
Extended GRAM-USD
Aster GRAMUSDT
BloFin GRAM-USDT
HTX GRAM-USDT
Lighter GRAM