Funding you earn now, next payment 05:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h +0.039%
Price spread now: Binance against Injective−0.924%47s7-day average +0.030% · you buy dearer than you sell
Net, funding: paid 7d − costs−$87as 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−$990.991% of the position
Funding, last 7 days+0.120%+$12 on $10k
+Price spread, last 4 days (all we have)+1.207%+$121 · spread now −0.924%, 7d avg +0.030%
=Funding pays, the price is against you. Binance is 0.954% cheaper against Injective than usual: you would sell low and buy high (spread −0.924% now, against its 7-day average of +0.030%). If the spread goes back, that is −$95 on $10k: about 48 days of funding at the current rate (+$2 a day). The two prices were read 47 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 | Injective GRAM/USDC PERP | 1.4490 | 0.0033 | pay 0.0004% / 1h | 50m 29s | $4K | $143K | 12x |
| Short | Binance GRAMUSDT | 1.4356 | 0.0100 | get 0.0050% / 4h | 3h 50m | $20.3M | $28.9M | 50x |
Injective GRAM/USDC PERP
Binance GRAMUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Injective. 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
- $14
- Price spread: −0.924% → +0.030%
- −$95.36
- Slippage, 4 orders
- −$89.04
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$180.43
- Costs to cover
- 0.991%
- Break-even
- 97.2 days
Slippage from Injective: live order book, 49 min ago; Binance: live order book, 6 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 Injective live order book, 49 min ago | 38.31 bp | 38.3 bp −$38 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 6 min ago | 3.48 bp | 13.9 bp −$14 | 36.2 bp −$362 | 315.7 bp −$31.6K | 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 PERPlong | +0.0033% | 1h | 1.4490 | long leg | $4K | $143K | 12x | |
| Paradex GRAM-USD-PERP | +0.0098% | 8h | 1.4351 | −0.956% | $2K | $19 | 5x | as long as short |
| Binance GRAMUSDTshort | +0.0100% | 4h | 1.4356 | −0.924% | $20.3M | $28.9M | 50x | |
| Bybit GRAMUSDT | +0.0100% | 4h | 1.4355 | −0.932% | $30.3M | $14.2M | 50x | as long as short |
| OKX GRAM-USDT-SWAP | +0.0100% | 4h | 1.4350 | −0.966% | $8.6M | $8.8M | 50x | as long as short |
| Gate GRAM_USDT | +0.0100% | 4h | 1.4362 | −0.883% | $3.6M | $3.4M | 75x | as long as short |
| MEXC GRAM_USDT | +0.0100% | 4h | 1.4350 | −0.966% | $16.1M | $2.7M | 20x | as long as short |
| KuCoin GRAMUSDTM | +0.0100% | 4h | 1.4361 | −0.890% | $8.9M | $10.4M | 50x | as long as short |
| Bitget GRAMUSDT | +0.0100% | 4h | 1.4359 | −0.904% | $7.1M | $4.2M | 50x | as long as short |
| edgeX GRAMUSDC | +0.0100% | 4h | 1.4372 | −0.818% | $17K | $274K | 10x | as long as short |
Paradex GRAM-USD-PERP
Bybit GRAMUSDT
OKX GRAM-USDT-SWAP
Gate GRAM_USDT
MEXC GRAM_USDT
KuCoin GRAMUSDTM
Bitget GRAMUSDT
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 | 1.4380 | −0.759% | $14K | $615K | 50x | as long as short |
| Orderly PERP_GRAM_USDC_mythos | +0.0100% | 4h | 1.4360 | −0.897% | $2K | $1K | 10x | as long as short |
| SunX GRAM-USDT | +0.0100% | 4h | 1.4407 | −0.573% | $6K | $612K | 10x | as long as short |
| HTX GRAM-USDT | +0.0100% | 4h | 1.4403 | −0.600% | $326K | $677K | 30x | as long as short |
| Phemex GRAMUSDT | +0.0100% | 4h | 1.4350 | −0.966% | $1.5M | $1.8M | 20x | as long as short |
| Extended GRAM-USD | +0.0104% | 1h | 1.4356 | −0.925% | $168K | $123K | 5x | as long as short |
| Aster GRAMUSDT | +0.0106% | 4h | 1.4382 | −0.748% | $964K | $127K | 50x | as long as short |
| Lighter GRAM | +0.0280% | 1h | 1.4376 | −0.785% | $2.3M | $2.9M | 20x | as long as short |
| BloFin GRAM-USDT | +0.0340% | 4h | 1.4380 | −0.759% | $1.4M | $236K | 50x | as long as short |
| Backpack GRAM_USDC_PERP | +0.0389% | 1h | 1.4363 | −0.876% | $53K | $16K | 10x | as long as short |
| Hyperliquid GRAM | +0.0541% | 1h | 1.4374 | −0.801% | $35.3M | $7.5M | 5x | as long as short |
ApeX Omni GRAMUSDT
Orderly PERP_GRAM_USDC_mythos
SunX GRAM-USDT
HTX GRAM-USDT
Phemex GRAMUSDT
Extended GRAM-USD
Aster GRAMUSDT
Lighter GRAM
BloFin GRAM-USDT
Backpack GRAM_USDC_PERP
Hyperliquid GRAM