Funding you earn now, next payment 04:00 UTC−0.0240%/8h= −26.3% APRnext payment −$1.20 per $10,000 · paid last 24h −0.076%
Price spread now: Binance against BloFin−0.099%7-day average +0.016% · you buy dearer than you sell
Net, funding: paid 7d − costs−$103as in the Funding arb table
Net, price: spread back to 7d avg − costs−$68as in the Price arb table
costs, in and out, $10k−$570.566% of the position
Funding, last 7 days−0.464%−$46 on $10k
+Price spread, last 4 days (all we have)−0.438%−$44 · spread now −0.099%, 7d avg +0.016%
=Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Binance is 0.116% cheaper against BloFin than usual: you would sell low and buy high (−$12 if the spread goes back to its 7-day average of +0.016%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin GRAM-USDT | 1.4520 | 0.0340 | pay 0.0170% / 4h | 1h 08m | $1.4M | $208K | 50x |
| Short | Binance GRAMUSDT | 1.4506 | 0.0100 | get 0.0050% / 4h | 1h 08m | $20.7M | $28.1M | 50x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against BloFin. 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: −0.099% → +0.016%
- −$11.56
- Slippage, 4 orders
- −$34.6
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$118.56
- Costs to cover
- 0.566%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 4 min ago; Binance: 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 BloFin live order book, 4 min ago | 10.36 bp | 16.4 bp −$16 | 27.3 bp −$273 | 297.9 bp −$29.8K | doesn't fit |
| Sell Binance live order book, 2 min ago | 3.45 bp | 8.7 bp −$9 | 27.1 bp −$271 | 252.7 bp −$25.3K | 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 | −0.207% | $4K | $143K | 12x | as long as short |
| Paradex GRAM-USD-PERP | +0.0100% | 8h | 1.4512 | −0.055% | $2K | $19 | 5x | as long as short |
| Binance GRAMUSDTshort | +0.0100% | 4h | 1.4506 | −0.099% | $20.7M | $28.1M | 50x | |
| Bybit GRAMUSDT | +0.0100% | 4h | 1.4485 | −0.241% | $30.7M | $13.8M | 50x | as long as short |
| OKX GRAM-USDT-SWAP | +0.0100% | 4h | 1.4500 | −0.138% | $8.7M | $8.6M | 50x | as long as short |
| Gate GRAM_USDT | +0.0100% | 4h | 1.4513 | −0.048% | $3.6M | $3.4M | 75x | as long as short |
| MEXC GRAM_USDT | +0.0100% | 4h | 1.4510 | −0.069% | $15.3M | $2.6M | 20x | as long as short |
| KuCoin GRAMUSDTM | +0.0100% | 4h | 1.4510 | −0.069% | $8.8M | $10.4M | 50x | as long as short |
| Bitget GRAMUSDT | +0.0100% | 4h | 1.4511 | −0.062% | $7.2M | $4.1M | 50x | as long as short |
| Backpack GRAM_USDC_PERP | +0.0100% | 1h | 1.4516 | −0.028% | $54K | $16K | 10x | as long as short |
Show all 21 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| edgeX GRAMUSDC | +0.0100% | 4h | 1.4477 | −0.296% | $17K | $273K | 10x | as long as short |
| ApeX Omni GRAMUSDT | +0.0100% | 1h | 1.4490 | −0.207% | $14K | $608K | 50x | as long as short |
| Orderly PERP_GRAM_USDC_mythos | +0.0100% | 4h | 1.4510 | −0.069% | $2K | $1K | 10x | as long as short |
| SunX GRAM-USDT | +0.0100% | 4h | 1.4558 | +0.262% | $7K | $596K | 10x | as long as short |
| HTX GRAM-USDT | +0.0100% | 4h | 1.4578 | +0.399% | $340K | $620K | 30x | as long as short |
| Phemex GRAMUSDT | +0.0100% | 4h | 1.4510 | −0.069% | $1.5M | $1.8M | 20x | as long as short |
| Extended GRAM-USD | +0.0104% | 1h | 1.4506 | −0.095% | $169K | $123K | 5x | as long as short |
| Aster GRAMUSDT | +0.0339% | 4h | 1.4520 | 0.000% | $973K | $126K | 50x | as long as short |
| BloFin GRAM-USDTlong | +0.0340% | 4h | 1.4520 | long leg | $1.4M | $208K | 50x | |
| Hyperliquid GRAM | +0.0341% | 1h | 1.4525 | +0.034% | $35.8M | $7.2M | 5x | as long as short |
| Lighter GRAM | +0.0824% | 1h | 1.4541 | +0.147% | $2.6M | $2.4M | 20x | as long as short |
BloFin GRAM-USDT
Binance GRAMUSDT
Injective GRAM/USDC PERP
Paradex GRAM-USD-PERP
Bybit GRAMUSDT
OKX GRAM-USDT-SWAP
Gate GRAM_USDT
MEXC GRAM_USDT
KuCoin GRAMUSDTM
Bitget GRAMUSDT
Backpack GRAM_USDC_PERP
edgeX GRAMUSDC
ApeX Omni GRAMUSDT
SunX GRAM-USDT
HTX GRAM-USDT
Phemex GRAMUSDT
Extended GRAM-USD
Aster GRAMUSDT
Hyperliquid GRAM
Lighter GRAM