Funding you earn now, next payment 05:00 UTC−0.0750%/8h= −82.1% APRpaid last 24h −0.121%
Price spread now: OKX against Hyperliquid−0.208%7-day average −0.145% · you buy dearer than you sell
Net, funding: paid 7d − costs−$67as in the Funding arb table
Net, price: spread back to 7d avg − costs−$47as in the Price arb table
costs, in and out, $10k−$400.403% of the position
Funding, last 7 days−0.264%−$26 on $10k
+Price spread, last 7 days+0.151%+$15 · spread now −0.208%, 7d avg −0.145%
=Together, before fees−0.113%+ Points / potential airdropHyperliquid: Season 2 · farm board−$11 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$22 a day on $10k at the current rate, and OKX is 0.064% cheaper against Hyperliquid than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of −0.145%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.264% in total (about -13.8% a year). A funding rate is set anew for every payment. 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 | Hyperliquid GRAM | 1.4390 | 0.0850 | pay 0.0106% / 1h | 2m 48s | $35.5M | $7.5M | 5x |
| Short | OKX GRAM-USDT-SWAP | 1.4360 | 0.0100 | get 0.0050% / 4h | 3h 02m | $8.6M | $8.1M | 50x |
Hyperliquid GRAM
OKX GRAM-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- −$157.44
- Price spread: −0.208% → −0.145%
- −$6.36
- Slippage, 4 orders
- −$21.3
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$204.1
- Costs to cover
- 0.403%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 10 min ago; OKX: live order book, 5 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, 10 min ago | 0.35 bp | 6.2 bp −$6 | doesn't fit | doesn't fit | doesn't fit |
| Sell OKX live order book, 5 min ago | 3.48 bp | 10.9 bp −$11 | 30.4 bp −$304 | 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 PERP | +0.0033% | 1h | 1.4490 | +0.695% | $4K | $143K | 12x | as long as short |
| Binance GRAMUSDT | +0.0100% | 4h | 1.4369 | −0.145% | $20.3M | $27.5M | 50x | as long as short |
| Bybit GRAMUSDT | +0.0100% | 4h | 1.4365 | −0.174% | $30.4M | $13.6M | 50x | as long as short |
| OKX GRAM-USDT-SWAPshort | +0.0100% | 4h | 1.4360 | −0.208% | $8.6M | $8.1M | 50x | |
| Gate GRAM_USDT | +0.0100% | 4h | 1.4367 | −0.160% | $3.6M | $3.5M | 75x | as long as short |
| MEXC GRAM_USDT | +0.0100% | 4h | 1.4360 | −0.208% | $16.1M | $2.7M | 20x | as long as short |
| KuCoin GRAMUSDTM | +0.0100% | 4h | 1.4369 | −0.146% | $9.2M | $10.1M | 50x | as long as short |
| Bitget GRAMUSDT | +0.0100% | 4h | 1.4366 | −0.167% | $7.1M | $4.0M | 50x | as long as short |
| edgeX GRAMUSDC | +0.0100% | 4h | 1.4355 | −0.245% | $17K | $275K | 10x | as long as short |
| ApeX Omni GRAMUSDT | +0.0100% | 1h | 1.4360 | −0.208% | $14K | $614K | 50x | as long as short |
Injective GRAM/USDC PERP
Binance GRAMUSDT
Bybit GRAMUSDT
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 | −0.278% | $2K | $1K | 10x | as long as short |
| SunX GRAM-USDT | +0.0100% | 4h | 1.4377 | −0.090% | $6K | $562K | 10x | as long as short |
| HTX GRAM-USDT | +0.0100% | 4h | 1.4390 | 0.000% | $328K | $579K | 30x | as long as short |
| Phemex GRAMUSDT | +0.0100% | 4h | 1.4350 | −0.278% | $1.5M | $1.8M | 20x | as long as short |
| Paradex GRAM-USD-PERP | +0.0100% | 8h | 1.4353 | −0.260% | $2K | $19 | 5x | as long as short |
| Extended GRAM-USD | +0.0104% | 1h | 1.4365 | −0.173% | $168K | $123K | 5x | as long as short |
| Aster GRAMUSDT | +0.0160% | 4h | 1.4388 | −0.012% | $964K | $120K | 50x | as long as short |
| Lighter GRAM | +0.0224% | 1h | 1.4381 | −0.063% | $2.3M | $2.9M | 20x | as long as short |
| Backpack GRAM_USDC_PERP | +0.0306% | 1h | 1.4364 | −0.181% | $53K | $16K | 10x | as long as short |
| BloFin GRAM-USDT | +0.0340% | 4h | 1.4360 | −0.208% | $1.4M | $232K | 50x | as long as short |
| Hyperliquid GRAMlong | +0.0850% | 1h | 1.4390 | long leg | $35.5M | $7.5M | 5x |
Orderly PERP_GRAM_USDC_mythos
SunX GRAM-USDT
HTX GRAM-USDT
Phemex GRAMUSDT
Paradex GRAM-USD-PERP
Extended GRAM-USD
Aster GRAMUSDT
Lighter GRAM
Backpack GRAM_USDC_PERP
BloFin GRAM-USDT