Funding you earn now, next payment 22:00 UTC−0.0052%/8h= −5.7% APRpaid last 24h −0.153%
Price spread now: MEXC against Hyperliquid−0.206%7-day average −0.101% · you buy dearer than you sell
Net, funding: paid 7d − costs−$56as in the Funding arb table
Net, price: spread back to 7d avg − costs−$38as in the Price arb table
costs, in and out, $10k−$270.273% of the position
Funding, last 7 days−0.286%−$29 on $10k
+Price spread, last 7 days+0.157%+$16 · spread now −0.206%, 7d avg −0.101%
=Together, before fees−0.129%+ Points / potential airdropHyperliquid: Season 2 · farm board−$13 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and MEXC is 0.105% cheaper against Hyperliquid than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of −0.101%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid GRAM | 1.4530 | 0.0152 | pay 0.0019% / 1h | 10m 10s | $35.8M | $6.9M | 5x |
| Short | MEXC GRAM_USDT | 1.4500 | 0.0100 | get 0.0050% / 4h | 2h 10m | $15.4M | $2.8M | 20x |
Hyperliquid GRAM
MEXC GRAM_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- −$10.99
- Price spread: −0.206% → −0.101%
- −$10.53
- Slippage, 4 orders
- −$14.28
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$48.79
- Costs to cover
- 0.273%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 3 min ago; MEXC: live order book, 8 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, 3 min ago | 1.72 bp | 7.7 bp −$8 | doesn't fit | doesn't fit | doesn't fit |
| Sell MEXC live order book, 8 min ago | 2.06 bp | 6.8 bp −$7 | 8.7 bp −$87 | 47.4 bp −$4,736 | 174.7 bp −$87.4K |
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 | +0.0098% | 8h | 1.4507 | −0.158% | $2K | $30 | 5x | as long as short |
| Binance GRAMUSDT | +0.0100% | 4h | 1.4502 | −0.195% | $20.5M | $26.7M | 50x | as long as short |
| Bybit GRAMUSDT | +0.0100% | 4h | 1.4510 | −0.138% | $30.7M | $14.0M | 50x | as long as short |
| OKX GRAM-USDT-SWAP | +0.0100% | 4h | 1.4510 | −0.138% | $8.7M | $8.5M | 50x | as long as short |
| Gate GRAM_USDT | +0.0100% | 4h | 1.4512 | −0.124% | $3.7M | $3.3M | 75x | as long as short |
| MEXC GRAM_USDTshort | +0.0100% | 4h | 1.4500 | −0.206% | $15.4M | $2.8M | 20x | |
| KuCoin GRAMUSDTM | +0.0100% | 4h | 1.4509 | −0.145% | $8.6M | $10.9M | 50x | as long as short |
| Bitget GRAMUSDT | +0.0100% | 4h | 1.4510 | −0.138% | $7.2M | $3.9M | 50x | as long as short |
| Backpack GRAM_USDC_PERP | +0.0100% | 1h | 1.4517 | −0.089% | $45K | $13K | 10x | as long as short |
| edgeX GRAMUSDC | +0.0100% | 4h | 1.4539 | +0.059% | $17K | $271K | 10x | as long as short |
Paradex GRAM-USD-PERP
Binance GRAMUSDT
Bybit GRAMUSDT
OKX GRAM-USDT-SWAP
Gate GRAM_USDT
KuCoin GRAMUSDTM
Bitget GRAMUSDT
Backpack GRAM_USDC_PERP
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 | 1.4560 | +0.206% | $14K | $593K | 50x | as long as short |
| Orderly PERP_GRAM_USDC_mythos | +0.0100% | 4h | 1.4520 | −0.069% | $2K | $1K | 10x | as long as short |
| SunX GRAM-USDT | +0.0100% | 4h | 1.4526 | −0.028% | $7K | $590K | 10x | as long as short |
| Phemex GRAMUSDT | +0.0100% | 4h | 1.4500 | −0.206% | $1.6M | $1.7M | 20x | as long as short |
| Extended GRAM-USD | +0.0104% | 1h | 1.4508 | −0.149% | $170K | $123K | 5x | as long as short |
| Injective GRAM/USDC PERP | +0.0132% | 1h | 1.4490 | −0.275% | $4K | $143K | 12x | as long as short |
| Hyperliquid GRAMlong | +0.0152% | 1h | 1.4530 | long leg | $35.8M | $6.9M | 5x | |
| Aster GRAMUSDT | +0.0248% | 4h | 1.4535 | +0.035% | $967K | $102K | 50x | as long as short |
| BloFin GRAM-USDT | +0.0340% | 4h | 1.4520 | −0.069% | $1.4M | $210K | 50x | as long as short |
| Lighter GRAM | +0.0776% | 1h | 1.4542 | +0.084% | $2.7M | $2.5M | 20x | as long as short |
| HTX GRAM-USDT | +0.0990% | 4h | 1.4583 | +0.365% | $338K | $629K | 30x | as long as short |
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