Funding you earn now, next payment 03:00 UTC−0.0197%/8h= −21.5% APRpaid last 24h −0.130%
Price spread now: Phemex against Hyperliquid−0.090%7-day average −0.125% · you buy dearer than you sell
Net, funding: paid 7d − costs−$177as in the Funding arb table
Net, price: spread back to 7d avg − costs−$151as in the Price arb table
costs, in and out, $10k−$1551.547% of the position
Funding, last 7 days−0.218%−$22 on $10k
+Price spread, last 4 days (all we have)+0.414%+$41 · spread now −0.090%, 7d avg −0.125%
=Together, before fees+0.196%+ Points / potential airdropHyperliquid: Season 2 · farm board+$20 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Phemex is 0.035% dearer against Hyperliquid than usual: you sell high and buy low (spread −0.090% now, against its 7-day average of −0.125%): +$4 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 14 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid GRAM | 1.4493 | 0.0297 | pay 0.0037% / 1h | 35m 46s | $35.8M | $7.3M | 5x |
| Short | Phemex GRAMUSDT | 1.4480 | 0.0100 | get 0.0050% / 4h | 1h 35m | $1.5M | $1.8M | 20x |
Hyperliquid GRAM
Phemex GRAMUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex 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
- −$41.31
- Price spread: −0.090% → −0.125%
- $3.53
- Slippage, 4 orders
- −$133.7
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$192.48
- Costs to cover
- 1.547%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 7 min ago; Phemex: 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 Hyperliquid live order book, 7 min ago | 1.72 bp | 7.3 bp −$7 | doesn't fit | doesn't fit | doesn't fit |
| Sell Phemex live order book, 2 min ago | 13.83 bp | 61.8 bp −$62 | doesn't fit | 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 | −0.021% | $4K | $143K | 12x | as long as short |
| Paradex GRAM-USD-PERP | +0.0100% | 8h | 1.4480 | −0.091% | $2K | $19 | 5x | as long as short |
| Binance GRAMUSDT | +0.0100% | 4h | 1.4483 | −0.066% | $20.7M | $28.1M | 50x | as long as short |
| Bybit GRAMUSDT | +0.0100% | 4h | 1.4470 | −0.159% | $30.7M | $13.8M | 50x | as long as short |
| OKX GRAM-USDT-SWAP | +0.0100% | 4h | 1.4480 | −0.090% | $8.7M | $8.6M | 50x | as long as short |
| Gate GRAM_USDT | +0.0100% | 4h | 1.4482 | −0.076% | $3.7M | $3.3M | 75x | as long as short |
| MEXC GRAM_USDT | +0.0100% | 4h | 1.4470 | −0.159% | $15.2M | $2.6M | 20x | as long as short |
| KuCoin GRAMUSDTM | +0.0100% | 4h | 1.4480 | −0.090% | $8.8M | $10.5M | 50x | as long as short |
| Bitget GRAMUSDT | +0.0100% | 4h | 1.4481 | −0.083% | $7.2M | $4.1M | 50x | as long as short |
| Backpack GRAM_USDC_PERP | +0.0100% | 1h | 1.4494 | +0.007% | $53K | $16K | 10x | as long as short |
Injective GRAM/USDC PERP
Paradex GRAM-USD-PERP
Binance GRAMUSDT
Bybit GRAMUSDT
OKX GRAM-USDT-SWAP
Gate GRAM_USDT
MEXC GRAM_USDT
KuCoin GRAMUSDTM
Bitget GRAMUSDT
Backpack GRAM_USDC_PERPShow all 21 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| edgeX GRAMUSDC | +0.0100% | 4h | 1.4460 | −0.224% | $17K | $272K | 10x | as long as short |
| ApeX Omni GRAMUSDT | +0.0100% | 1h | 1.4460 | −0.228% | $14K | $607K | 50x | as long as short |
| Orderly PERP_GRAM_USDC_mythos | +0.0100% | 4h | 1.4480 | −0.090% | $2K | $1K | 10x | as long as short |
| SunX GRAM-USDT | +0.0100% | 4h | 1.4490 | −0.021% | $6K | $598K | 10x | as long as short |
| HTX GRAM-USDT | +0.0100% | 4h | 1.4492 | −0.007% | $338K | $619K | 30x | as long as short |
| Phemex GRAMUSDTshort | +0.0100% | 4h | 1.4480 | −0.090% | $1.5M | $1.8M | 20x | |
| Extended GRAM-USD | +0.0104% | 1h | 1.4480 | −0.088% | $169K | $123K | 5x | as long as short |
| Hyperliquid GRAMlong | +0.0297% | 1h | 1.4493 | long leg | $35.8M | $7.3M | 5x | |
| BloFin GRAM-USDT | +0.0340% | 4h | 1.4450 | −0.297% | $1.4M | $203K | 50x | as long as short |
| Aster GRAMUSDT | +0.0348% | 4h | 1.4498 | +0.033% | $972K | $126K | 50x | as long as short |
| Lighter GRAM | +0.0784% | 1h | 1.4503 | +0.068% | $2.6M | $2.4M | 20x | as long as short |
edgeX GRAMUSDC
ApeX Omni GRAMUSDT
Orderly PERP_GRAM_USDC_mythos
SunX GRAM-USDT
HTX GRAM-USDT
Extended GRAM-USD
BloFin GRAM-USDT
Aster GRAMUSDT
Lighter GRAM