Funding you earn now, next payment 06:00 UTC+0.0355%/8h= +38.9% APRnext payment +$0.44 per $10,000 · paid last 24h +0.172%
Price spread now: Hyperliquid against Injective−0.538%7-day average +0.123% · you buy dearer than you sell
Net, funding: paid 7d − costs−$55as in the Funding arb table
Net, price: spread back to 7d avg − costs−$162as in the Price arb table
costs, in and out, $10k−$960.963% of the position
Funding, last 7 days+0.417%+$42 on $10k
+Price spread, last 4 days (all we have)+1.168%+$117 · spread now −0.538%, 7d avg +0.123%
=Together, before fees+1.585%+ Points / potential airdropHyperliquid: Season 2 · farm board+$158 on $10k · with fees, hour by hour
Funding pays, the price is against you. Hyperliquid is 0.661% cheaper against Injective than usual: you would sell low and buy high (spread −0.538% now, against its 7-day average of +0.123%). If the spread goes back, that is −$66 on $10k: about 6.2 days of funding at the current rate (+$11 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Injective GRAM/USDC PERP | 1.4490 | 0.0033 | pay 0.0004% / 1h | 17m 02s | $4K | $143K | 12x |
| Short | Hyperliquid GRAM | 1.4412 | 0.0388 | get 0.0049% / 1h | 17m 02s | $35.5M | $7.6M | 5x |
Injective GRAM/USDC PERP
Hyperliquid GRAMFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid 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
- $74.54
- Price spread: −0.538% → +0.123%
- −$66.14
- Slippage, 4 orders
- −$87.28
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$87.89
- Costs to cover
- 0.963%
- Break-even
- 15.3 days
Slippage from Injective: live order book, 12 min ago; Hyperliquid: live order book, 6 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, 12 min ago | 38.34 bp | 38.4 bp −$38 | doesn't fit | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 6 min ago | 2.09 bp | 7.2 bp −$7 | 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 PERPlong | +0.0033% | 1h | 1.4490 | long leg | $4K | $143K | 12x | |
| Lighter GRAM | +0.0096% | 1h | 1.4407 | −0.570% | $2.3M | $2.9M | 20x | as long as short |
| Binance GRAMUSDT | +0.0100% | 4h | 1.4396 | −0.646% | $20.3M | $27.5M | 50x | as long as short |
| Bybit GRAMUSDT | +0.0100% | 4h | 1.4390 | −0.690% | $30.4M | $13.6M | 50x | as long as short |
| OKX GRAM-USDT-SWAP | +0.0100% | 4h | 1.4380 | −0.759% | $8.6M | $8.1M | 50x | as long as short |
| Gate GRAM_USDT | +0.0100% | 4h | 1.4392 | −0.676% | $3.6M | $3.5M | 75x | as long as short |
| MEXC GRAM_USDT | +0.0100% | 4h | 1.4390 | −0.690% | $16.7M | $2.7M | 20x | as long as short |
| KuCoin GRAMUSDTM | +0.0100% | 4h | 1.4393 | −0.669% | $9.0M | $10.2M | 50x | as long as short |
| Bitget GRAMUSDT | +0.0100% | 4h | 1.4389 | −0.697% | $7.0M | $4.0M | 50x | as long as short |
| edgeX GRAMUSDC | +0.0100% | 4h | 1.4351 | −0.959% | $16K | $275K | 10x | as long as short |
Lighter GRAM
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 | −0.759% | $14K | $617K | 50x | as long as short |
| Orderly PERP_GRAM_USDC_mythos | +0.0100% | 4h | 1.4390 | −0.690% | $2K | $1K | 10x | as long as short |
| SunX GRAM-USDT | +0.0100% | 4h | 1.4417 | −0.504% | $6K | $561K | 10x | as long as short |
| HTX GRAM-USDT | +0.0100% | 4h | 1.4379 | −0.766% | $330K | $584K | 30x | as long as short |
| Phemex GRAMUSDT | +0.0100% | 4h | 1.4390 | −0.690% | $1.6M | $1.8M | 20x | as long as short |
| Paradex GRAM-USD-PERP | +0.0100% | 8h | 1.4389 | −0.697% | $2K | $31 | 5x | as long as short |
| Extended GRAM-USD | +0.0104% | 1h | 1.4393 | −0.672% | $168K | $123K | 5x | as long as short |
| Aster GRAMUSDT | +0.0218% | 4h | 1.4398 | −0.635% | $965K | $119K | 50x | as long as short |
| BloFin GRAM-USDT | +0.0340% | 4h | 1.4380 | −0.759% | $1.4M | $238K | 50x | as long as short |
| Hyperliquid GRAMshort | +0.0388% | 1h | 1.4412 | −0.538% | $35.5M | $7.6M | 5x | |
| Backpack GRAM_USDC_PERP | +0.0404% | 1h | 1.4404 | −0.594% | $53K | $16K | 10x | as long as short |
ApeX Omni GRAMUSDT
Orderly PERP_GRAM_USDC_mythos
SunX GRAM-USDT
HTX GRAM-USDT
Phemex GRAMUSDT
Paradex GRAM-USD-PERP
Extended GRAM-USD
Aster GRAMUSDT
BloFin GRAM-USDT
Backpack GRAM_USDC_PERP