Funding you earn now, next payment 04:00 UTC+0.0240%/8h= +26.3% APRnext payment +$1.20 per $10,000 · paid last 24h +0.072%
Price spread now: BloFin against Phemex−0.139%59s7-day average −0.007% · you buy dearer than you sell
Net, funding: paid 7d − costs−$125as 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−$1651.650% of the position
Funding, last 7 days+0.397%+$40 on $10k
+Price spread, last 4 days (all we have)+0.212%+$21 · spread now −0.139%, 7d avg −0.007%
=Funding pays, the price is against you. BloFin is 0.132% cheaper against Phemex than usual: you would sell low and buy high (spread −0.139% now, against its 7-day average of −0.007%). If the spread goes back, that is −$13 on $10k: about 44 hours of funding at the current rate (+$7 a day). The two prices were read 59 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 | Phemex GRAMUSDT | 1.4400 | 0.0100 | pay 0.0050% / 4h | 40m 04s | $1.5M | $1.8M | 20x |
| Short | BloFin GRAM-USDT | 1.4380 | 0.0340 | get 0.0170% / 4h | 40m 04s | $1.4M | $229K | 50x |
Phemex GRAMUSDT
BloFin GRAM-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Phemex. 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
- $50.4
- Price spread: −0.139% → −0.007%
- −$13.18
- Slippage, 4 orders
- −$140.98
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$127.76
- Costs to cover
- 1.650%
- Break-even
- 24.7 days
Slippage from Phemex: live order book, 3 min ago; BloFin: live order book, 2 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 Phemex live order book, 3 min ago | 17.37 bp | 64.4 bp −$64 | doesn't fit | doesn't fit | doesn't fit |
| Sell BloFin live order book, 2 min ago | 6.95 bp | 18.9 bp −$19 | 29.3 bp −$293 | 136.4 bp −$13.6K | 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 PERP | +0.0033% | 1h | 1.4490 | +0.625% | $4K | $143K | 12x | as long as short |
| Lighter GRAM | +0.0096% | 1h | 1.4403 | +0.023% | $2.3M | $2.9M | 20x | as long as short |
| Paradex GRAM-USD-PERP | +0.0097% | 8h | 1.4412 | +0.080% | $2K | $19 | 5x | as long as short |
| Hyperliquid GRAM | +0.0100% | 1h | 1.4415 | +0.104% | $35.4M | $7.3M | 5x | as long as short |
| Binance GRAMUSDT | +0.0100% | 4h | 1.4391 | −0.061% | $20.4M | $28.5M | 50x | as long as short |
| Bybit GRAMUSDT | +0.0100% | 4h | 1.4391 | −0.062% | $30.4M | $14.0M | 50x | as long as short |
| OKX GRAM-USDT-SWAP | +0.0100% | 4h | 1.4400 | 0.000% | $8.6M | $8.6M | 50x | as long as short |
| Gate GRAM_USDT | +0.0100% | 4h | 1.4401 | +0.007% | $3.6M | $3.4M | 75x | as long as short |
| MEXC GRAM_USDT | +0.0100% | 4h | 1.4400 | 0.000% | $15.1M | $2.6M | 20x | as long as short |
| KuCoin GRAMUSDTM | +0.0100% | 4h | 1.4403 | +0.021% | $8.7M | $10.5M | 50x | as long as short |
Injective GRAM/USDC PERP
Lighter GRAM
Paradex GRAM-USD-PERP
Hyperliquid GRAM
Binance GRAMUSDT
Bybit GRAMUSDT
OKX GRAM-USDT-SWAP
Gate GRAM_USDT
MEXC GRAM_USDT
KuCoin GRAMUSDTMShow all 21 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget GRAMUSDT | +0.0100% | 4h | 1.4408 | +0.056% | $7.2M | $4.2M | 50x | as long as short |
| edgeX GRAMUSDC | +0.0100% | 4h | 1.4395 | −0.035% | $17K | $273K | 10x | as long as short |
| ApeX Omni GRAMUSDT | +0.0100% | 1h | 1.4410 | +0.069% | $14K | $610K | 50x | as long as short |
| Orderly PERP_GRAM_USDC_mythos | +0.0100% | 4h | 1.4410 | +0.069% | $2K | $1K | 10x | as long as short |
| SunX GRAM-USDT | +0.0100% | 4h | 1.4418 | +0.125% | $7K | $603K | 10x | as long as short |
| HTX GRAM-USDT | +0.0100% | 4h | 1.4428 | +0.194% | $336K | $636K | 30x | as long as short |
| Phemex GRAMUSDTlong | +0.0100% | 4h | 1.4400 | long leg | $1.5M | $1.8M | 20x | |
| Extended GRAM-USD | +0.0104% | 1h | 1.4408 | +0.054% | $168K | $123K | 5x | as long as short |
| Backpack GRAM_USDC_PERP | +0.0108% | 1h | 1.4414 | +0.097% | $53K | $16K | 10x | as long as short |
| Aster GRAMUSDT | +0.0224% | 4h | 1.4427 | +0.187% | $967K | $126K | 50x | as long as short |
| BloFin GRAM-USDTshort | +0.0340% | 4h | 1.4380 | −0.139% | $1.4M | $229K | 50x |
Bitget GRAMUSDT
edgeX GRAMUSDC
ApeX Omni GRAMUSDT
Orderly PERP_GRAM_USDC_mythos
SunX GRAM-USDT
HTX GRAM-USDT
Extended GRAM-USD
Backpack GRAM_USDC_PERP
Aster GRAMUSDT