Funding you earn now, next payment 22:00 UTC−0.0017%/8h= −1.8% APRpaid last 24h −0.153%
Price spread now: MEXC against Hyperliquid−0.151%7-day average −0.101% · you buy dearer than you sell
Net, funding: paid 7d − costs−$55as in the Funding arb table
Net, price: spread back to 7d avg − costs−$31as in the Price arb table
costs, in and out, $10k−$260.260% of the position
Funding, last 7 days−0.286%−$29 on $10k
+Price spread, last 7 days+0.101%+$10 · spread now −0.151%, 7d avg −0.101%
=Together, before fees−0.185%+ Points / potential airdropHyperliquid: Season 2 · farm board−$18 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and MEXC is 0.050% cheaper against Hyperliquid than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.101%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid GRAM | 1.4582 | 0.0117 | pay 0.0015% / 1h | 20m 48s | $35.9M | $6.9M | 5x |
| Short | MEXC GRAM_USDT | 1.4560 | 0.0100 | get 0.0050% / 4h | 2h 20m | $15.5M | $2.8M | 20x |
Hyperliquid GRAM
MEXC GRAM_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC against Hyperliquid. 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
- −$3.53
- Price spread: −0.151% → −0.101%
- −$4.97
- Slippage, 4 orders
- −$12.98
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$34.48
- Costs to cover
- 0.260%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 12 min ago; MEXC: 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 Hyperliquid live order book, 12 min ago | 1.03 bp | 7.9 bp −$8 | doesn't fit | doesn't fit | doesn't fit |
| Sell MEXC live order book, 3 min ago | 3.43 bp | 5.4 bp −$5 | 8.3 bp −$83 | 51.0 bp −$5,099 | 195.6 bp −$97.8K |
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 | |
|---|---|---|---|---|---|---|---|---|
| Paradex GRAM-USD-PERP | +0.0097% | 8h | 1.4566 | −0.113% | $2K | $30 | 5x | as long as short |
| Binance GRAMUSDT | +0.0100% | 4h | 1.4570 | −0.085% | $20.6M | $26.6M | 50x | as long as short |
| Bybit GRAMUSDT | +0.0100% | 4h | 1.4566 | −0.110% | $30.8M | $14.0M | 50x | as long as short |
| OKX GRAM-USDT-SWAP | +0.0100% | 4h | 1.4550 | −0.219% | $8.7M | $8.5M | 50x | as long as short |
| Gate GRAM_USDT | +0.0100% | 4h | 1.4566 | −0.110% | $3.7M | $3.3M | 75x | as long as short |
| MEXC GRAM_USDTshort | +0.0100% | 4h | 1.4560 | −0.151% | $15.5M | $2.8M | 20x | |
| KuCoin GRAMUSDTM | +0.0100% | 4h | 1.4565 | −0.117% | $8.6M | $11.0M | 50x | as long as short |
| Bitget GRAMUSDT | +0.0100% | 4h | 1.4561 | −0.144% | $7.2M | $3.9M | 50x | as long as short |
| Backpack GRAM_USDC_PERP | +0.0100% | 1h | 1.4571 | −0.075% | $46K | $13K | 10x | as long as short |
| edgeX GRAMUSDC | +0.0100% | 4h | 1.4557 | −0.169% | $17K | $270K | 10x | as long as short |
Paradex GRAM-USD-PERP
Binance GRAMUSDT
Bybit GRAMUSDT
OKX GRAM-USDT-SWAP
Gate GRAM_USDT
KuCoin GRAMUSDTM
Bitget GRAMUSDT
Backpack GRAM_USDC_PERP
edgeX GRAMUSDCShow all 21 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| ApeX Omni GRAMUSDT | +0.0100% | 1h | 1.4550 | −0.219% | $14K | $590K | 50x | as long as short |
| Orderly PERP_GRAM_USDC_mythos | +0.0100% | 4h | 1.4560 | −0.151% | $2K | $1K | 10x | as long as short |
| SunX GRAM-USDT | +0.0100% | 4h | 1.4586 | +0.027% | $6K | $588K | 10x | as long as short |
| Phemex GRAMUSDT | +0.0100% | 4h | 1.4570 | −0.082% | $1.6M | $1.7M | 20x | as long as short |
| Extended GRAM-USD | +0.0104% | 1h | 1.4568 | −0.098% | $170K | $123K | 5x | as long as short |
| Hyperliquid GRAMlong | +0.0117% | 1h | 1.4582 | long leg | $35.9M | $6.9M | 5x | |
| Injective GRAM/USDC PERP | +0.0132% | 1h | 1.4490 | −0.631% | $4K | $143K | 12x | as long as short |
| Aster GRAMUSDT | +0.0254% | 4h | 1.4588 | +0.042% | $970K | $101K | 50x | as long as short |
| BloFin GRAM-USDT | +0.0340% | 4h | 1.4570 | −0.082% | $1.4M | $211K | 50x | as long as short |
| Lighter GRAM | +0.0840% | 1h | 1.4598 | +0.112% | $2.8M | $2.5M | 20x | as long as short |
| HTX GRAM-USDT | +0.1186% | 4h | 1.4644 | +0.425% | $340K | $629K | 30x | as long as short |
ApeX Omni GRAMUSDT
Orderly PERP_GRAM_USDC_mythos
SunX GRAM-USDT
Phemex GRAMUSDT
Extended GRAM-USD
Injective GRAM/USDC PERP
Aster GRAMUSDT
BloFin GRAM-USDT
Lighter GRAM
HTX GRAM-USDT