Funding you earn now, next payment 22:00 UTC−0.0032%/8h= −3.5% APRpaid last 24h +0.039%
Price spread now: Bybit against Injective+0.138%88s7-day average +0.033% · you sell dearer than you buy
Net, funding: paid 7d − costs−$98as 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−$1061.060% of the position
Funding, last 7 days+0.076%+$8 on $10k
+Price spread, last 3 days (all we have)+0.163%+$16 · spread now +0.138%, 7d avg +0.033%
=The price spread pays, funding is against you. Bybit is 0.105% dearer against Injective than usual: you sell high and buy low (spread +0.138% now, against its 7-day average of +0.033%): +$11 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 +0.076%, so the current rate has only just turned against you. The two prices were read 88 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 | 9m 50s | $4K | $143K | 12x |
| Short | Bybit GRAMUSDT | 1.4510 | 0.0100 | get 0.0050% / 4h | 2h 09m | $30.7M | $14.0M | 50x |
Injective GRAM/USDC PERP
Bybit GRAMUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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% → +0.033%
- $10.54
- Slippage, 4 orders
- −$94.94
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$102.13
- Costs to cover
- 1.060%
- Break-even
- never at this rate
Slippage from Injective: live order book, 59 min ago; Bybit: live order book, 9 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, 59 min ago | 37.81 bp | 37.8 bp −$38 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 9 min ago | 3.44 bp | 13.7 bp −$14 | 38.9 bp −$389 | 461.2 bp −$46.1K | 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 | 1.4507 | +0.117% | $2K | $30 | 5x | as long as short |
| Binance GRAMUSDT | +0.0100% | 4h | 1.4510 | +0.138% | $20.6M | $26.7M | 50x | as long as short |
| Bybit GRAMUSDTshort | +0.0100% | 4h | 1.4510 | +0.138% | $30.7M | $14.0M | 50x | |
| 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 | 1.4511 | +0.145% | $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 | 1.4514 | +0.166% | $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 | 1.4517 | +0.186% | $45K | $13K | 10x | as long as short |
| edgeX GRAMUSDC | +0.0100% | 4h | 1.4539 | +0.335% | $17K | $271K | 10x | as long as short |
Paradex GRAM-USD-PERP
Binance 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 | 1.4560 | +0.483% | $14K | $593K | 50x | as long as short |
| Orderly PERP_GRAM_USDC_mythos | +0.0100% | 4h | 1.4520 | +0.207% | $2K | $1K | 10x | as long as short |
| SunX GRAM-USDT | +0.0100% | 4h | 1.4526 | +0.248% | $7K | $590K | 10x | as long as short |
| Phemex GRAMUSDT | +0.0100% | 4h | 1.4500 | +0.069% | $1.6M | $1.7M | 20x | as long as short |
| Extended GRAM-USD | +0.0104% | 1h | 1.4508 | +0.127% | $170K | $123K | 5x | as long as short |
| Injective GRAM/USDC PERPlong | +0.0132% | 1h | 1.4490 | long leg | $4K | $143K | 12x | |
| Hyperliquid GRAM | +0.0154% | 1h | 1.4529 | +0.269% | $35.8M | $6.9M | 5x | as long as short |
| Aster GRAMUSDT | +0.0248% | 4h | 1.4530 | +0.278% | $966K | $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 | +0.360% | $2.7M | $2.5M | 20x | as long as short |
| HTX GRAM-USDT | +0.0990% | 4h | 1.4583 | +0.642% | $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