Funding you earn now, next payment 05:00 UTC−0.0425%/8h= −46.5% APRpaid last 24h −0.124%
Price spread now: edgeX against Hyperliquid−0.097%106s7-day average −0.153% · you buy dearer than you sell
Net, funding: paid 7d − costs−$88as 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−$600.596% of the position
Funding, last 7 days−0.288%−$29 on $10k
+Price spread, last 4 days (all we have)−0.110%−$11 · spread now −0.097%, 7d avg −0.153%
=Together, before fees−0.399%+ Points / potential airdropHyperliquid: Season 2 · edgeX: Active · farm board−$40 on $10k · with fees, hour by hour
The price spread pays, funding is against you. edgeX is 0.056% dearer against Hyperliquid than usual: you sell high and buy low (spread −0.097% now, against its 7-day average of −0.153%): +$6 on $10k if it goes back. Holding the pair costs −$13 a day in funding at the current rate, which eats that in about 11 hours. At the pace of the last 7 days (−0.288% in total) that is about 33 hours. The two prices were read 106 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.288% in total (about -15.0% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid GRAM | 1.4381 | 0.0525 | pay 0.0066% / 1h | 53m 42s | $35.3M | $7.4M | 5x |
| Short | edgeX GRAMUSDC | 1.4367 | 0.0100 | get 0.0050% / 4h | 3h 53m | $17K | $273K | 10x |
Hyperliquid GRAM
edgeX GRAMUSDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
edgeX 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
- −$89.21
- Price spread: −0.097% → −0.153%
- $5.63
- Slippage, 4 orders
- −$41.59
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- −$143.17
- Costs to cover
- 0.596%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 9 min ago; edgeX: live order book, 64 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 Hyperliquid live order book, 9 min ago | 2.09 bp | 7.4 bp −$7 | 15.0 bp −$150 | doesn't fit | doesn't fit |
| Sell edgeX live order book, 64 min ago | 17.31 bp | 21.8 bp −$22 | 37.1 bp −$371 | 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 | +0.758% | $4K | $143K | 12x | as long as short |
| Paradex GRAM-USD-PERP | +0.0098% | 8h | 1.4379 | −0.016% | $2K | $19 | 5x | as long as short |
| Binance GRAMUSDT | +0.0100% | 4h | 1.4370 | −0.075% | $20.3M | $28.9M | 50x | as long as short |
| Bybit GRAMUSDT | +0.0100% | 4h | 1.4369 | −0.083% | $30.3M | $14.2M | 50x | as long as short |
| OKX GRAM-USDT-SWAP | +0.0100% | 4h | 1.4370 | −0.076% | $8.6M | $8.8M | 50x | as long as short |
| Gate GRAM_USDT | +0.0100% | 4h | 1.4364 | −0.118% | $3.6M | $3.4M | 75x | as long as short |
| MEXC GRAM_USDT | +0.0100% | 4h | 1.4360 | −0.146% | $16.1M | $2.7M | 20x | as long as short |
| KuCoin GRAMUSDTM | +0.0100% | 4h | 1.4367 | −0.097% | $8.9M | $10.4M | 50x | as long as short |
| Bitget GRAMUSDT | +0.0100% | 4h | 1.4365 | −0.111% | $7.1M | $4.2M | 50x | as long as short |
| edgeX GRAMUSDCshort | +0.0100% | 4h | 1.4367 | −0.097% | $17K | $273K | 10x |
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 | |
|---|---|---|---|---|---|---|---|---|
| ApeX Omni GRAMUSDT | +0.0100% | 1h | 1.4360 | −0.146% | $14K | $614K | 50x | as long as short |
| Orderly PERP_GRAM_USDC_mythos | +0.0100% | 4h | 1.4370 | −0.076% | $2K | $1K | 10x | as long as short |
| SunX GRAM-USDT | +0.0100% | 4h | 1.4407 | +0.181% | $6K | $612K | 10x | as long as short |
| HTX GRAM-USDT | +0.0100% | 4h | 1.4392 | +0.076% | $326K | $677K | 30x | as long as short |
| Phemex GRAMUSDT | +0.0100% | 4h | 1.4360 | −0.146% | $1.5M | $1.8M | 20x | as long as short |
| Extended GRAM-USD | +0.0104% | 1h | 1.4359 | −0.150% | $168K | $123K | 5x | as long as short |
| Aster GRAMUSDT | +0.0109% | 4h | 1.4386 | +0.034% | $964K | $127K | 50x | as long as short |
| Lighter GRAM | +0.0304% | 1h | 1.4377 | −0.031% | $2.3M | $2.9M | 20x | as long as short |
| BloFin GRAM-USDT | +0.0340% | 4h | 1.4380 | −0.007% | $1.4M | $232K | 50x | as long as short |
| Backpack GRAM_USDC_PERP | +0.0387% | 1h | 1.4365 | −0.111% | $53K | $16K | 10x | as long as short |
| Hyperliquid GRAMlong | +0.0525% | 1h | 1.4381 | long leg | $35.3M | $7.4M | 5x |
ApeX Omni GRAMUSDT
Orderly PERP_GRAM_USDC_mythos
SunX GRAM-USDT
HTX GRAM-USDT
Phemex GRAMUSDT
Extended GRAM-USD
Aster GRAMUSDT
Lighter GRAM
BloFin GRAM-USDT
Backpack GRAM_USDC_PERP