Funding you earn now, next payment 09:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h −0.042%
Price spread now: Injective against Orderly+1.613%58s7-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
The price spread pays, funding is against you. Injective is 1.613% dearer against Orderly than usual: you sell high and buy low (spread +1.613% now, against zero (this spread has no 7-day history yet)): +$161 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 3 months. The two prices were read 58 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 | Orderly PERP_GRAM_USDC_mythos | 1.4260 | 0.0100 | pay 0.0050% / 4h | 3h 32m | $2K | $1K | 10x |
| Short | Injective GRAM/USDC PERP | 1.4490 | 0.0033 | get 0.0004% / 1h | 32m 12s | $4K | $143K | 12x |
Orderly PERP_GRAM_USDC_mythos
Injective GRAM/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against Orderly. 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
- −$14
- Price spread: +1.613% → 0.000%
- $161.29
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- $141.27
- Costs to cover
- 0.060%
- Break-even
- from the start
Slippage unknown: Orderly: no order-book sample; Injective: live order book, 47 min ago. 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 Orderly no order-book sample | — | — | — | — | — |
| Sell Injective live order book, 47 min ago | 38.39 bp | 38.4 bp −$38 | doesn't fit | doesn't fit | doesn't fit |
Orderly: 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 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 PERPshort | +0.0033% | 1h | 1.4490 | +1.613% | $4K | $143K | 12x | |
| Lighter GRAM | +0.0096% | 1h | 1.4276 | +0.109% | $2.3M | $2.8M | 20x | as long as short |
| Binance GRAMUSDT | +0.0100% | 4h | 1.4260 | 0.000% | $20.1M | $27.2M | 50x | as long as short |
| Bybit GRAMUSDT | +0.0100% | 4h | 1.4254 | −0.042% | $30.2M | $13.3M | 50x | as long as short |
| OKX GRAM-USDT-SWAP | +0.0100% | 4h | 1.4240 | −0.140% | $8.5M | $7.9M | 50x | as long as short |
| Gate GRAM_USDT | +0.0100% | 4h | 1.4259 | −0.007% | $3.6M | $3.4M | 75x | as long as short |
| MEXC GRAM_USDT | +0.0100% | 4h | 1.4250 | −0.070% | $15.6M | $2.7M | 20x | as long as short |
| KuCoin GRAMUSDTM | +0.0100% | 4h | 1.4261 | +0.007% | $8.8M | $9.8M | 50x | as long as short |
| Bitget GRAMUSDT | +0.0100% | 4h | 1.4254 | −0.042% | $6.9M | $4.0M | 50x | as long as short |
| edgeX GRAMUSDC | +0.0100% | 4h | 1.4271 | +0.079% | $16K | $276K | 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 | 1.4280 | +0.140% | $14K | $615K | 50x | as long as short |
| Orderly PERP_GRAM_USDC_mythoslong | +0.0100% | 4h | 1.4260 | long leg | $2K | $1K | 10x | |
| SunX GRAM-USDT | +0.0100% | 4h | 1.4277 | +0.119% | $6K | $552K | 10x | as long as short |
| HTX GRAM-USDT | +0.0100% | 4h | 1.4298 | +0.266% | $303K | $623K | 30x | as long as short |
| Phemex GRAMUSDT | +0.0100% | 4h | 1.4260 | 0.000% | $1.5M | $1.7M | 20x | as long as short |
| Paradex GRAM-USD-PERP | +0.0100% | 8h | 1.4255 | −0.038% | $2K | $31 | 5x | as long as short |
| Extended GRAM-USD | +0.0104% | 1h | 1.4256 | −0.026% | $166K | $122K | 5x | as long as short |
| Hyperliquid GRAM | +0.0130% | 1h | 1.4274 | +0.098% | $35.1M | $7.7M | 5x | as long as short |
| Backpack GRAM_USDC_PERP | +0.0280% | 1h | 1.4256 | −0.028% | $53K | $14K | 10x | as long as short |
| Aster GRAMUSDT | +0.0295% | 4h | 1.4280 | +0.140% | $964K | $122K | 50x | as long as short |
| BloFin GRAM-USDT | +0.0340% | 4h | 1.4260 | 0.000% | $1.4M | $242K | 50x | as long as short |
ApeX Omni GRAMUSDT
SunX GRAM-USDT
HTX GRAM-USDT
Phemex GRAMUSDT
Paradex GRAM-USD-PERP
Extended GRAM-USD
Hyperliquid GRAM
Backpack GRAM_USDC_PERP
Aster GRAMUSDT
BloFin GRAM-USDT