Funding you earn now, next payment 22:00 UTC+0.0017%/8h= +1.8% APRpaid last 24h +0.153%
Price spread now: Hyperliquid against MEXC+0.151%7-day average +0.101% · you sell dearer than you buy
Net, funding: paid 7d − costs+$3as in the Funding arb table
Net, price: spread back to 7d avg − costs−$21as in the Price arb table
costs, in and out, $10k−$260.259% of the position
Funding, last 7 days+0.286%+$29 on $10k
+Price spread, last 7 days−0.102%−$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 for this trade now. Funding pays +$1 a day on $10k at the current rate, and Hyperliquid is 0.050% dearer against MEXC than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.101%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC GRAM_USDT | 1.4560 | 0.0100 | pay 0.0050% / 4h | 2h 20m | $15.5M | $2.8M | 20x |
| Short | Hyperliquid GRAM | 1.4582 | 0.0117 | get 0.0015% / 1h | 20m 36s | $35.9M | $6.9M | 5x |
MEXC GRAM_USDT
Hyperliquid GRAMFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against MEXC. 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%
- $4.99
- Slippage, 4 orders
- −$12.86
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$17.33
- Costs to cover
- 0.259%
- Break-even
- 41.3 days
Slippage from MEXC: live order book, 3 min ago; Hyperliquid: 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 MEXC live order book, 3 min ago | 3.43 bp | 5.4 bp −$5 | 8.9 bp −$89 | 50.0 bp −$4,996 | 225.7 bp −$112.9K |
| Sell Hyperliquid live order book, 3 min ago | 1.37 bp | 7.4 bp −$7 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Paradex GRAM-USD-PERP | +0.0097% | 8h | 1.4564 | +0.027% | $2K | $30 | 5x | as long as short |
| Binance GRAMUSDT | +0.0100% | 4h | 1.4561 | +0.005% | $20.6M | $26.6M | 50x | as long as short |
| Bybit GRAMUSDT | +0.0100% | 4h | 1.4566 | +0.041% | $30.8M | $14.0M | 50x | as long as short |
| OKX GRAM-USDT-SWAP | +0.0100% | 4h | 1.4550 | −0.069% | $8.7M | $8.5M | 50x | as long as short |
| Gate GRAM_USDT | +0.0100% | 4h | 1.4567 | +0.048% | $3.7M | $3.3M | 75x | as long as short |
| MEXC GRAM_USDTlong | +0.0100% | 4h | 1.4560 | long leg | $15.5M | $2.8M | 20x | |
| KuCoin GRAMUSDTM | +0.0100% | 4h | 1.4563 | +0.021% | $8.6M | $11.0M | 50x | as long as short |
| Bitget GRAMUSDT | +0.0100% | 4h | 1.4563 | +0.021% | $7.2M | $3.9M | 50x | as long as short |
| Backpack GRAM_USDC_PERP | +0.0100% | 1h | 1.4571 | +0.076% | $46K | $13K | 10x | as long as short |
| edgeX GRAMUSDC | +0.0100% | 4h | 1.4557 | −0.018% | $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 | −0.069% | $14K | $590K | 50x | as long as short |
| Orderly PERP_GRAM_USDC_mythos | +0.0100% | 4h | 1.4560 | 0.000% | $2K | $1K | 10x | as long as short |
| SunX GRAM-USDT | +0.0100% | 4h | 1.4586 | +0.179% | $6K | $588K | 10x | as long as short |
| Phemex GRAMUSDT | +0.0100% | 4h | 1.4570 | +0.069% | $1.6M | $1.7M | 20x | as long as short |
| Extended GRAM-USD | +0.0104% | 1h | 1.4568 | +0.053% | $170K | $123K | 5x | as long as short |
| Hyperliquid GRAMshort | +0.0117% | 1h | 1.4582 | +0.151% | $35.9M | $6.9M | 5x | |
| Injective GRAM/USDC PERP | +0.0132% | 1h | 1.4490 | −0.481% | $4K | $143K | 12x | as long as short |
| Aster GRAMUSDT | +0.0256% | 4h | 1.4588 | +0.191% | $970K | $101K | 50x | as long as short |
| BloFin GRAM-USDT | +0.0340% | 4h | 1.4570 | +0.069% | $1.4M | $211K | 50x | as long as short |
| Lighter GRAM | +0.0840% | 1h | 1.4598 | +0.264% | $2.8M | $2.5M | 20x | as long as short |
| HTX GRAM-USDT | +0.1186% | 4h | 1.4644 | +0.577% | $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