Funding you earn now, next payment 05:00 UTC−0.0525%/8h= −57.5% APRpaid last 24h −0.120%
Price spread now: SunX against Hyperliquid+0.257%7-day average +0.022% · you sell dearer than you buy
Net, funding: paid 7d − costs−$160as in the Funding arb table
Net, price: spread back to 7d avg − costs−$115as in the Price arb table
costs, in and out, $10k−$1381.383% of the position
Funding, last 7 days−0.221%−$22 on $10k
+Price spread, last 4 days (all we have)−0.147%−$15 · spread now +0.257%, 7d avg +0.022%
=Together, before fees−0.368%+ Points / potential airdropHyperliquid: Season 2 · farm board−$37 on $10k · with fees, hour by hour
The price spread pays, funding is against you. SunX is 0.235% dearer against Hyperliquid than usual: you sell high and buy low (spread +0.257% now, against its 7-day average of +0.022%): +$24 on $10k if it goes back. Holding the pair costs −$16 a day in funding at the current rate, which eats that in about 36 hours. At the pace of the last 7 days (−0.221% in total) that is about 7.5 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.221% in total (about -11.5% 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 | 1.4370 | 0.0625 | pay 0.0078% / 1h | 49m 18s | $35.3M | $7.5M | 5x |
| Short | SunX GRAM-USDT | 1.4407 | 0.0100 | get 0.0050% / 4h | 3h 49m | $6K | $612K | 10x |
Hyperliquid GRAM
SunX GRAM-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
SunX 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
- −$110.24
- Price spread: +0.257% → +0.022%
- $23.52
- Slippage, 4 orders
- −$121.32
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee SunX: 4 bp × 2 orders
- −$8
- Net
- −$225.04
- Costs to cover
- 1.383%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 4 min ago; SunX: live order book, 32 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, 4 min ago | 1.04 bp | 7.6 bp −$8 | doesn't fit | doesn't fit | doesn't fit |
| Sell SunX live order book, 32 min ago | 15.98 bp | 55.8 bp −$56 | doesn't fit | 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 | +0.835% | $4K | $143K | 12x | as long as short |
| Paradex GRAM-USD-PERP | +0.0098% | 8h | 1.4347 | −0.163% | $2K | $19 | 5x | as long as short |
| Binance GRAMUSDT | +0.0100% | 4h | 1.4343 | −0.190% | $20.3M | $28.9M | 50x | as long as short |
| Bybit GRAMUSDT | +0.0100% | 4h | 1.4344 | −0.181% | $30.3M | $14.2M | 50x | as long as short |
| OKX GRAM-USDT-SWAP | +0.0100% | 4h | 1.4350 | −0.139% | $8.6M | $8.8M | 50x | as long as short |
| Gate GRAM_USDT | +0.0100% | 4h | 1.4348 | −0.153% | $3.6M | $3.4M | 75x | as long as short |
| MEXC GRAM_USDT | +0.0100% | 4h | 1.4340 | −0.209% | $16.1M | $2.7M | 20x | as long as short |
| KuCoin GRAMUSDTM | +0.0100% | 4h | 1.4353 | −0.118% | $8.9M | $10.4M | 50x | as long as short |
| Bitget GRAMUSDT | +0.0100% | 4h | 1.4345 | −0.174% | $7.1M | $4.2M | 50x | as long as short |
| edgeX GRAMUSDC | +0.0100% | 4h | 1.4372 | +0.011% | $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
MEXC GRAM_USDT
KuCoin GRAMUSDTM
Bitget GRAMUSDT
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 | 1.4380 | +0.070% | $14K | $615K | 50x | as long as short |
| Orderly PERP_GRAM_USDC_mythos | +0.0100% | 4h | 1.4340 | −0.209% | $2K | $1K | 10x | as long as short |
| SunX GRAM-USDTshort | +0.0100% | 4h | 1.4407 | +0.257% | $6K | $612K | 10x | |
| HTX GRAM-USDT | +0.0100% | 4h | 1.4403 | +0.230% | $326K | $677K | 30x | as long as short |
| Phemex GRAMUSDT | +0.0100% | 4h | 1.4340 | −0.209% | $1.5M | $1.8M | 20x | as long as short |
| Extended GRAM-USD | +0.0104% | 1h | 1.4343 | −0.186% | $168K | $123K | 5x | as long as short |
| Aster GRAMUSDT | +0.0107% | 4h | 1.4372 | +0.011% | $963K | $127K | 50x | as long as short |
| Lighter GRAM | +0.0240% | 1h | 1.4362 | −0.055% | $2.3M | $2.9M | 20x | as long as short |
| BloFin GRAM-USDT | +0.0340% | 4h | 1.4350 | −0.139% | $1.4M | $235K | 50x | as long as short |
| Backpack GRAM_USDC_PERP | +0.0376% | 1h | 1.4362 | −0.056% | $53K | $16K | 10x | as long as short |
| Hyperliquid GRAMlong | +0.0625% | 1h | 1.4370 | long leg | $35.3M | $7.5M | 5x |
ApeX Omni GRAMUSDT
Orderly PERP_GRAM_USDC_mythos
HTX GRAM-USDT
Phemex GRAMUSDT
Extended GRAM-USD
Aster GRAMUSDT
Lighter GRAM
BloFin GRAM-USDT
Backpack GRAM_USDC_PERP