Funding you earn now, next payment 08:00 UTC−0.0049%/8h= −5.4% APRpaid last 24h −0.017%
Price spread now: Bybit against Backpack−0.056%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.010%+$1 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Bybit is 0.056% cheaper against Backpack than usual: you would sell low and buy high (−$6 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack GRAM_USDC_PERP | 1.4361 | 0.0149 | pay 0.0019% / 1h | 43m 02s | $53K | $16K | 10x |
| Short | Bybit GRAMUSDT | 1.4353 | 0.0100 | get 0.0050% / 4h | 43m 02s | $30.4M | $13.5M | 50x |
Backpack GRAM_USDC_PERP
Bybit GRAMUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Backpack. 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
- −$10.36
- Price spread: −0.056% → 0.000%
- −$5.57
- Slippage, 4 orders
- no order book: not counted
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$36.93
- Costs to cover
- 0.210%
- Break-even
- never at this rate
Slippage unknown: Backpack: no order-book sample; Bybit: live order book, 1 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 Backpack no order-book sample | — | — | — | — | — |
| Sell Bybit live order book, 1 min ago | 3.48 bp | 14.5 bp −$14 | 41.5 bp −$415 | 595.5 bp −$59.5K | doesn't fit |
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 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 | +0.898% | $4K | $143K | 12x | as long as short |
| Binance GRAMUSDT | +0.0100% | 4h | 1.4354 | −0.047% | $20.3M | $27.2M | 50x | as long as short |
| Bybit GRAMUSDTshort | +0.0100% | 4h | 1.4353 | −0.056% | $30.4M | $13.5M | 50x | |
| OKX GRAM-USDT-SWAP | +0.0100% | 4h | 1.4350 | −0.077% | $8.6M | $8.0M | 50x | as long as short |
| Gate GRAM_USDT | +0.0100% | 4h | 1.4354 | −0.049% | $3.6M | $3.5M | 75x | as long as short |
| MEXC GRAM_USDT | +0.0100% | 4h | 1.4350 | −0.077% | $16.3M | $2.6M | 20x | as long as short |
| KuCoin GRAMUSDTM | +0.0100% | 4h | 1.4353 | −0.056% | $8.8M | $10.1M | 50x | as long as short |
| Bitget GRAMUSDT | +0.0100% | 4h | 1.4351 | −0.070% | $7.0M | $4.0M | 50x | as long as short |
| edgeX GRAMUSDC | +0.0100% | 4h | 1.4362 | +0.007% | $17K | $276K | 10x | as long as short |
| ApeX Omni GRAMUSDT | +0.0100% | 1h | 1.4360 | −0.007% | $14K | $618K | 50x | as long as short |
Injective GRAM/USDC PERP
Binance GRAMUSDT
OKX GRAM-USDT-SWAP
Gate GRAM_USDT
MEXC GRAM_USDT
KuCoin GRAMUSDTM
Bitget GRAMUSDT
edgeX GRAMUSDC
ApeX Omni GRAMUSDTShow all 21 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_GRAM_USDC_mythos | +0.0100% | 4h | 1.4350 | −0.077% | $2K | $1K | 10x | as long as short |
| SunX GRAM-USDT | +0.0100% | 4h | 1.4366 | +0.035% | $7K | $557K | 10x | as long as short |
| HTX GRAM-USDT | +0.0100% | 4h | 1.4399 | +0.265% | $324K | $601K | 30x | as long as short |
| Phemex GRAMUSDT | +0.0100% | 4h | 1.4350 | −0.077% | $1.6M | $1.7M | 20x | as long as short |
| Paradex GRAM-USD-PERP | +0.0100% | 8h | 1.4351 | −0.071% | $2K | $31 | 5x | as long as short |
| Extended GRAM-USD | +0.0104% | 1h | 1.4351 | −0.067% | $168K | $122K | 5x | as long as short |
| Hyperliquid GRAM | +0.0118% | 1h | 1.4365 | +0.028% | $35.4M | $7.6M | 5x | as long as short |
| Backpack GRAM_USDC_PERPlong | +0.0149% | 1h | 1.4361 | long leg | $53K | $16K | 10x | |
| Aster GRAMUSDT | +0.0194% | 4h | 1.4380 | +0.132% | $970K | $123K | 50x | as long as short |
| Lighter GRAM | +0.0200% | 1h | 1.4364 | +0.018% | $2.3M | $2.9M | 20x | as long as short |
| BloFin GRAM-USDT | +0.0340% | 4h | 1.4360 | −0.007% | $1.4M | $243K | 50x | as long as short |
Orderly PERP_GRAM_USDC_mythos
SunX GRAM-USDT
HTX GRAM-USDT
Phemex GRAMUSDT
Paradex GRAM-USD-PERP
Extended GRAM-USD
Hyperliquid GRAM
Aster GRAMUSDT
Lighter GRAM
BloFin GRAM-USDT