Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.008%
Price spread now: Backpack against MEXC+0.035%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Backpack is 0.035% dearer against MEXC than usual: you sell high and buy low, +$3 on $10k if it goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC GRAM_USDT | 1.4490 | 0.0100 | pay 0.0050% / 4h | 1h 59m | $15.3M | $2.6M | 20x |
| Short | Backpack GRAM_USDC_PERP | 1.4495 | 0.0100 | get 0.0013% / 1h | 59m 11s | $53K | $17K | 10x |
MEXC GRAM_USDT
Backpack GRAM_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against MEXC. 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
- $0
- Price spread: +0.035% → 0.000%
- $3.45
- Slippage, 4 orders
- no order book: not counted
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$10.55
- Costs to cover
- 0.140%
- Break-even
- never at this rate
Slippage unknown: MEXC: live order book, 4 min ago; Backpack: no order-book sample. Net counts fees only.
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 MEXC live order book, 4 min ago | 3.45 bp | 5.4 bp −$5 | 9.8 bp −$98 | 62.2 bp −$6,220 | 294.8 bp −$147.4K |
| Sell Backpack no order-book sample | — | — | — | — | — |
Backpack: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
GRAM on 20 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 | 0.000% | $4K | $143K | 12x | as long as short |
| Paradex GRAM-USD-PERP | +0.0100% | 8h | 1.4491 | +0.009% | $2K | $19 | 5x | as long as short |
| Hyperliquid GRAM | +0.0100% | 1h | 1.4497 | +0.045% | $35.7M | $7.4M | 5x | as long as short |
| Binance GRAMUSDT | +0.0100% | 4h | 1.4487 | −0.022% | $20.6M | $28.0M | 50x | as long as short |
| Bybit GRAMUSDT | +0.0100% | 4h | 1.4480 | −0.069% | $30.7M | $14.0M | 50x | as long as short |
| OKX GRAM-USDT-SWAP | +0.0100% | 4h | 1.4480 | −0.069% | $8.6M | $8.5M | 50x | as long as short |
| Gate GRAM_USDT | +0.0100% | 4h | 1.4492 | +0.014% | $3.7M | $3.3M | 75x | as long as short |
| MEXC GRAM_USDTlong | +0.0100% | 4h | 1.4490 | long leg | $15.3M | $2.6M | 20x | |
| KuCoin GRAMUSDTM | +0.0100% | 4h | 1.4491 | +0.007% | $8.8M | $10.6M | 50x | as long as short |
| Bitget GRAMUSDT | +0.0100% | 4h | 1.4487 | −0.021% | $7.2M | $4.1M | 50x | as long as short |
Injective GRAM/USDC PERP
Paradex GRAM-USD-PERP
Hyperliquid GRAM
Binance GRAMUSDT
Bybit GRAMUSDT
OKX GRAM-USDT-SWAP
Gate GRAM_USDT
KuCoin GRAMUSDTM
Bitget GRAMUSDTShow all 20 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Backpack GRAM_USDC_PERPshort | +0.0100% | 1h | 1.4495 | +0.035% | $53K | $17K | 10x | |
| edgeX GRAMUSDC | +0.0100% | 4h | 1.4476 | −0.100% | $17K | $274K | 10x | as long as short |
| ApeX Omni GRAMUSDT | +0.0100% | 1h | 1.4480 | −0.069% | $14K | $605K | 50x | as long as short |
| Orderly PERP_GRAM_USDC_mythos | +0.0100% | 4h | 1.4490 | 0.000% | $2K | $1K | 10x | as long as short |
| SunX GRAM-USDT | +0.0100% | 4h | 1.4518 | +0.193% | $7K | $597K | 10x | as long as short |
| HTX GRAM-USDT | +0.0100% | 4h | 1.4539 | +0.338% | $339K | $621K | 30x | as long as short |
| Phemex GRAMUSDT | +0.0100% | 4h | 1.4490 | 0.000% | $1.5M | $1.8M | 20x | as long as short |
| Extended GRAM-USD | +0.0104% | 1h | 1.4487 | −0.024% | $169K | $123K | 5x | as long as short |
| Aster GRAMUSDT | +0.0386% | 4h | 1.4510 | +0.138% | $972K | $126K | 50x | as long as short |
| Lighter GRAM | +0.0856% | 1h | 1.4512 | +0.153% | $2.6M | $2.4M | 20x | as long as short |
edgeX GRAMUSDC
ApeX Omni GRAMUSDT
Orderly PERP_GRAM_USDC_mythos
SunX GRAM-USDT
HTX GRAM-USDT
Phemex GRAMUSDT
Extended GRAM-USD
Aster GRAMUSDT
Lighter GRAM