Funding you earn now, next payment 23:00 UTC−0.0487%/8h= −53.4% APRnext payment −$0.61 per $10,000 · paid last 24h −0.037%
Price spread now: Injective against ApeX Omni+0.346%7-day average −0.018% · you sell dearer than you buy
Net, funding: paid 7d − costs−$141as in the Funding arb table
Net, price: spread back to 7d avg − costs−$86as in the Price arb table
costs, in and out, $10k−$1231.228% of the position
Funding, last 7 days−0.181%−$18 on $10k
+Price spread, last 3 days (all we have)−0.758%−$76 · spread now +0.346%, 7d avg −0.018%
=The price spread pays, funding is against you. Injective is 0.364% dearer against ApeX Omni than usual: you sell high and buy low (spread +0.346% now, against its 7-day average of −0.018%): +$36 on $10k if it goes back. Holding the pair costs −$15 a day in funding at the current rate, which eats that in about 2.5 days. At the pace of the last 7 days (−0.181% in total) that is about 14 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.181% in total (about -9.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.61 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | ApeX Omni GRAMUSDT | 1.4440 | 0.0100 | pay 0.0013% / 1h | 13m 22s | $13K | $591K | 50x |
| Short | Injective GRAM/USDC PERP | 1.4490 | −0.0387 | pay 0.0048% / 1h | 13m 22s | $4K | $143K | 12x |
ApeX Omni GRAMUSDT
Injective GRAM/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against ApeX Omni. 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
- −$102.35
- Price spread: +0.346% → −0.018%
- $36.39
- Slippage, 4 orders
- −$112.78
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$188.76
- Costs to cover
- 1.228%
- Break-even
- never at this rate
Slippage from ApeX Omni: live order book, 4 min ago; Injective: live order book, 51 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 ApeX Omni live order book, 4 min ago | 13.84 bp | 23.1 bp −$23 | 116.2 bp −$1,162 | doesn't fit | doesn't fit |
| Sell Injective live order book, 51 min ago | 37.97 bp | 38.0 bp −$38 | 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 PERPshort | −0.0387% | 1h | 1.4490 | +0.346% | $4K | $143K | 12x | |
| Paradex GRAM-USD-PERP | +0.0099% | 8h | 1.4444 | +0.029% | $2K | $30 | 5x | as long as short |
| Hyperliquid GRAM | +0.0100% | 1h | 1.4459 | +0.132% | $35.6M | $7.0M | 5x | as long as short |
| Binance GRAMUSDT | +0.0100% | 4h | 1.4450 | +0.069% | $20.4M | $26.8M | 50x | as long as short |
| Bybit GRAMUSDT | +0.0100% | 4h | 1.4442 | +0.014% | $30.6M | $14.0M | 50x | as long as short |
| OKX GRAM-USDT-SWAP | +0.0100% | 4h | 1.4440 | 0.000% | $8.6M | $8.5M | 50x | as long as short |
| Gate GRAM_USDT | +0.0100% | 4h | 1.4450 | +0.069% | $3.7M | $3.2M | 75x | as long as short |
| MEXC GRAM_USDT | +0.0100% | 4h | 1.4450 | +0.069% | $15.4M | $2.8M | 20x | as long as short |
| KuCoin GRAMUSDTM | +0.0100% | 4h | 1.4444 | +0.028% | $8.9M | $11.0M | 50x | as long as short |
| Bitget GRAMUSDT | +0.0100% | 4h | 1.4454 | +0.097% | $7.1M | $3.8M | 50x | as long as short |
Paradex GRAM-USD-PERP
Hyperliquid GRAM
Binance GRAMUSDT
Bybit GRAMUSDT
OKX GRAM-USDT-SWAP
Gate GRAM_USDT
MEXC GRAM_USDT
KuCoin GRAMUSDTM
Bitget GRAMUSDTShow all 21 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Backpack GRAM_USDC_PERP | +0.0100% | 1h | 1.4464 | +0.166% | $43K | $15K | 10x | as long as short |
| edgeX GRAMUSDC | +0.0100% | 4h | 1.4450 | +0.066% | $17K | $272K | 10x | as long as short |
| ApeX Omni GRAMUSDTlong | +0.0100% | 1h | 1.4440 | long leg | $13K | $591K | 50x | |
| Orderly PERP_GRAM_USDC_mythos | +0.0100% | 4h | 1.4460 | +0.139% | $2K | $1K | 10x | as long as short |
| SunX GRAM-USDT | +0.0100% | 4h | 1.4467 | +0.187% | $7K | $594K | 10x | as long as short |
| Phemex GRAMUSDT | +0.0100% | 4h | 1.4450 | +0.069% | $1.6M | $1.7M | 20x | as long as short |
| Extended GRAM-USD | +0.0104% | 1h | 1.4447 | +0.049% | $169K | $123K | 5x | as long as short |
| Aster GRAMUSDT | +0.0169% | 4h | 1.4476 | +0.248% | $963K | $99K | 50x | as long as short |
| BloFin GRAM-USDT | +0.0340% | 4h | 1.4430 | −0.069% | $1.4M | $214K | 50x | as long as short |
| HTX GRAM-USDT | +0.0379% | 4h | 1.4488 | +0.332% | $335K | $628K | 30x | as long as short |
| Lighter GRAM | +0.0544% | 1h | 1.4479 | +0.269% | $2.7M | $2.3M | 20x | as long as short |
Backpack GRAM_USDC_PERP
edgeX GRAMUSDC
Orderly PERP_GRAM_USDC_mythos
SunX GRAM-USDT
Phemex GRAMUSDT
Extended GRAM-USD
Aster GRAMUSDT
BloFin GRAM-USDT
HTX GRAM-USDT
Lighter GRAM