Funding you earn now, next payment 22:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h +0.035%
Price spread now: Binance against Injective+0.138%57s7-day average +0.034% · you sell dearer than you buy
Net, funding: paid 7d − costs−$86as 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−$970.966% of the position
Funding, last 7 days+0.109%+$11 on $10k
+Price spread, last 3 days (all we have)+0.145%+$15 · spread now +0.138%, 7d avg +0.034%
=The price spread pays, funding is against you. Binance is 0.104% dearer against Injective than usual: you sell high and buy low (spread +0.138% now, against its 7-day average of +0.034%): +$10 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 11 days. Mind the row above: over the last 7 days funding on this pair paid +0.109%, so the current rate has only just turned against you. The two prices were read 57 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Injective GRAM/USDC PERP | 1.4490 | 0.0132 | pay 0.0016% / 1h | 8m 28s | $4K | $143K | 12x |
| Short | Binance GRAMUSDT | 1.4510 | 0.0100 | get 0.0050% / 4h | 2h 08m | $20.5M | $26.7M | 50x |
Injective GRAM/USDC PERP
Binance GRAMUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Injective. 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
- −$6.71
- Price spread: +0.138% → +0.034%
- $10.42
- Slippage, 4 orders
- −$86.61
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$92.92
- Costs to cover
- 0.966%
- Break-even
- never at this rate
Slippage from Injective: live order book, 61 min ago; Binance: live order book, 3 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 Injective live order book, 61 min ago | 37.81 bp | 37.8 bp −$38 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 3 min ago | 3.45 bp | 9.8 bp −$10 | 29.2 bp −$292 | 218.2 bp −$21.8K | 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 | |
|---|---|---|---|---|---|---|---|---|
| Paradex GRAM-USD-PERP | +0.0098% | 8h | 1.4505 | +0.101% | $2K | $30 | 5x | as long as short |
| Binance GRAMUSDTshort | +0.0100% | 4h | 1.4510 | +0.138% | $20.5M | $26.7M | 50x | |
| 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 | 1.4515 | +0.173% | $3.7M | $3.3M | 75x | as long as short |
| MEXC GRAM_USDT | +0.0100% | 4h | 1.4510 | +0.138% | $15.4M | $2.8M | 20x | as long as short |
| KuCoin GRAMUSDTM | +0.0100% | 4h | 1.4515 | +0.173% | $8.6M | $10.9M | 50x | as long as short |
| Bitget GRAMUSDT | +0.0100% | 4h | 1.4509 | +0.131% | $7.2M | $3.9M | 50x | as long as short |
| Backpack GRAM_USDC_PERP | +0.0100% | 1h | 1.4518 | +0.193% | $45K | $13K | 10x | as long as short |
| edgeX GRAMUSDC | +0.0100% | 4h | 1.4508 | +0.128% | $17K | $270K | 10x | as long as short |
Paradex GRAM-USD-PERP
Bybit GRAMUSDT
OKX GRAM-USDT-SWAP
Gate GRAM_USDT
MEXC 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 | 1.4510 | +0.138% | $13K | $593K | 50x | as long as short |
| Orderly PERP_GRAM_USDC_mythos | +0.0100% | 4h | 1.4510 | +0.138% | $2K | $1K | 10x | as long as short |
| SunX GRAM-USDT | +0.0100% | 4h | 1.4526 | +0.248% | $7K | $591K | 10x | as long as short |
| Phemex GRAMUSDT | +0.0100% | 4h | 1.4510 | +0.138% | $1.6M | $1.7M | 20x | as long as short |
| Extended GRAM-USD | +0.0104% | 1h | 1.4508 | +0.128% | $170K | $123K | 5x | as long as short |
| Injective GRAM/USDC PERPlong | +0.0132% | 1h | 1.4490 | long leg | $4K | $143K | 12x | |
| Hyperliquid GRAM | +0.0159% | 1h | 1.4531 | +0.283% | $35.8M | $6.9M | 5x | as long as short |
| Aster GRAMUSDT | +0.0245% | 4h | 1.4537 | +0.321% | $967K | $102K | 50x | as long as short |
| BloFin GRAM-USDT | +0.0340% | 4h | 1.4520 | +0.207% | $1.4M | $210K | 50x | as long as short |
| Lighter GRAM | +0.0776% | 1h | 1.4542 | +0.357% | $2.7M | $2.5M | 20x | as long as short |
| HTX GRAM-USDT | +0.0980% | 4h | 1.4556 | +0.455% | $338K | $629K | 30x | as long as short |
ApeX Omni GRAMUSDT
Orderly PERP_GRAM_USDC_mythos
SunX GRAM-USDT
Phemex GRAMUSDT
Extended GRAM-USD
Hyperliquid GRAM
Aster GRAMUSDT
BloFin GRAM-USDT
Lighter GRAM
HTX GRAM-USDT