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: Bybit against BloFin−0.007%92s7-day average +0.015% · you buy dearer than you sell
Net, funding: paid 7d − costs−$108as 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−$580.575% of the position
Funding, last 7 days−0.504%−$50 on $10k
+Price spread, last 3 days (all we have)−0.117%−$12 · spread now −0.007%, 7d avg +0.015%
=Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Bybit is 0.022% cheaper against BloFin than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of +0.015%). Swap the legs. The two prices were read 92 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 | BloFin GRAM-USDT | 1.4470 | 0.0340 | pay 0.0170% / 4h | 3h 35m | $1.4M | $202K | 50x |
| Short | Bybit GRAMUSDT | 1.4469 | 0.0100 | get 0.0050% / 4h | 3h 35m | $30.6M | $13.6M | 50x |
BloFin GRAM-USDT
Bybit GRAMUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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: −0.007% → +0.015%
- −$2.17
- Slippage, 4 orders
- −$34.5
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$110.08
- Costs to cover
- 0.575%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 2 min ago; Bybit: live order book, 3 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, 2 min ago | 6.91 bp | 12.9 bp −$13 | 23.7 bp −$237 | 180.7 bp −$18.1K | doesn't fit |
| Sell Bybit live order book, 3 min ago | 3.46 bp | 13.7 bp −$14 | 32.1 bp −$321 | 504.1 bp −$50.4K | 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 | +0.138% | $4K | $143K | 12x | as long as short |
| Paradex GRAM-USD-PERP | +0.0100% | 8h | 1.4456 | −0.094% | $2K | $30 | 5x | as long as short |
| Hyperliquid GRAM | +0.0100% | 1h | 1.4490 | +0.138% | $35.6M | $6.9M | 5x | as long as short |
| Binance GRAMUSDT | +0.0100% | 4h | 1.4461 | −0.063% | $20.4M | $27.0M | 50x | as long as short |
| Bybit GRAMUSDTshort | +0.0100% | 4h | 1.4469 | −0.007% | $30.6M | $13.6M | 50x | |
| OKX GRAM-USDT-SWAP | +0.0100% | 4h | 1.4460 | −0.069% | $8.6M | $8.3M | 50x | as long as short |
| Gate GRAM_USDT | +0.0100% | 4h | 1.4473 | +0.021% | $3.7M | $3.2M | 75x | as long as short |
| MEXC GRAM_USDT | +0.0100% | 4h | 1.4460 | −0.069% | $15.4M | $2.6M | 20x | as long as short |
| KuCoin GRAMUSDTM | +0.0100% | 4h | 1.4466 | −0.028% | $8.9M | $10.9M | 50x | as long as short |
| Bitget GRAMUSDT | +0.0100% | 4h | 1.4463 | −0.048% | $7.2M | $3.8M | 50x | as long as short |
Injective GRAM/USDC PERP
Paradex GRAM-USD-PERP
Hyperliquid GRAM
Binance 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 | 1.4481 | +0.076% | $53K | $20K | 10x | as long as short |
| edgeX GRAMUSDC | +0.0100% | 4h | 1.4467 | −0.024% | $17K | $272K | 10x | as long as short |
| ApeX Omni GRAMUSDT | +0.0100% | 1h | 1.4470 | 0.000% | $14K | $600K | 50x | as long as short |
| Orderly PERP_GRAM_USDC_mythos | +0.0100% | 4h | 1.4470 | 0.000% | $2K | $1K | 10x | as long as short |
| SunX GRAM-USDT | +0.0100% | 4h | 1.4487 | +0.117% | $7K | $592K | 10x | as long as short |
| Phemex GRAMUSDT | +0.0100% | 4h | 1.4470 | 0.000% | $1.6M | $1.7M | 20x | as long as short |
| Extended GRAM-USD | +0.0104% | 1h | 1.4467 | −0.021% | $169K | $123K | 5x | as long as short |
| Aster GRAMUSDT | +0.0217% | 4h | 1.4496 | +0.181% | $976K | $110K | 50x | as long as short |
| HTX GRAM-USDT | +0.0231% | 4h | 1.4521 | +0.352% | $337K | $613K | 30x | as long as short |
| Lighter GRAM | +0.0288% | 1h | 1.4484 | +0.093% | $2.6M | $2.4M | 20x | as long as short |
| BloFin GRAM-USDTlong | +0.0340% | 4h | 1.4470 | long leg | $1.4M | $202K | 50x |
Backpack GRAM_USDC_PERP
edgeX GRAMUSDC
ApeX Omni GRAMUSDT
Orderly PERP_GRAM_USDC_mythos
SunX GRAM-USDT
Phemex GRAMUSDT
Extended GRAM-USD
Aster GRAMUSDT
HTX GRAM-USDT
Lighter GRAM