Funding you earn now, next payment 03:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h −0.039%
Price spread now: Injective against MEXC−0.069%70s7-day average −0.011% · you buy dearer than you sell
Net, funding: paid 7d − costs−$98as 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−$860.865% of the position
Funding, last 7 days−0.120%−$12 on $10k
+Price spread, last 3 days (all we have)−0.379%−$38 · spread now −0.069%, 7d avg −0.011%
=Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Injective is 0.058% cheaper against MEXC than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of −0.011%). Swap the legs. The two prices were read 70 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 | MEXC GRAM_USDT | 1.4500 | 0.0100 | pay 0.0050% / 4h | 1h 56m | $15.3M | $2.6M | 20x |
| Short | Injective GRAM/USDC PERP | 1.4490 | 0.0033 | get 0.0004% / 1h | 56m 07s | $4K | $143K | 12x |
MEXC GRAM_USDT
Injective GRAM/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective 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
- −$14
- Price spread: −0.069% → −0.011%
- −$5.79
- Slippage, 4 orders
- −$82.47
- Fee MEXC: 2 bp × 2 orders
- −$4
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$106.28
- Costs to cover
- 0.865%
- Break-even
- never at this rate
Slippage from MEXC: live order book, 2 min ago; Injective: live order book, 53 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, 2 min ago | 3.45 bp | 5.4 bp −$5 | 11.1 bp −$111 | 54.5 bp −$5,445 | 249.4 bp −$124.7K |
| Sell Injective live order book, 53 min ago | 37.79 bp | 37.8 bp −$38 | doesn't fit | doesn't fit | doesn't fit |
GRAM on 20 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 PERPshort | +0.0033% | 1h | 1.4490 | −0.069% | $4K | $143K | 12x | |
| Paradex GRAM-USD-PERP | +0.0100% | 8h | 1.4510 | +0.071% | $2K | $19 | 5x | as long as short |
| Hyperliquid GRAM | +0.0100% | 1h | 1.4515 | +0.103% | $35.7M | $7.4M | 5x | as long as short |
| Binance GRAMUSDT | +0.0100% | 4h | 1.4500 | 0.000% | $20.6M | $28.2M | 50x | as long as short |
| Bybit GRAMUSDT | +0.0100% | 4h | 1.4492 | −0.055% | $30.8M | $14.0M | 50x | as long as short |
| OKX GRAM-USDT-SWAP | +0.0100% | 4h | 1.4490 | −0.069% | $8.7M | $8.5M | 50x | as long as short |
| Gate GRAM_USDT | +0.0100% | 4h | 1.4498 | −0.014% | $3.7M | $3.3M | 75x | as long as short |
| MEXC GRAM_USDTlong | +0.0100% | 4h | 1.4500 | long leg | $15.3M | $2.6M | 20x | |
| KuCoin GRAMUSDTM | +0.0100% | 4h | 1.4505 | +0.034% | $8.8M | $10.6M | 50x | as long as short |
| Bitget GRAMUSDT | +0.0100% | 4h | 1.4503 | +0.021% | $7.2M | $4.1M | 50x | as long as short |
Paradex GRAM-USD-PERP
Hyperliquid GRAM
Binance GRAMUSDT
Bybit GRAMUSDT
OKX GRAM-USDT-SWAP
Gate GRAM_USDT
KuCoin GRAMUSDTM
Bitget GRAMUSDTShow all 20 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Backpack GRAM_USDC_PERP | +0.0100% | 1h | 1.4507 | +0.048% | $54K | $16K | 10x | as long as short |
| edgeX GRAMUSDC | +0.0100% | 4h | 1.4476 | −0.169% | $17K | $274K | 10x | as long as short |
| ApeX Omni GRAMUSDT | +0.0100% | 1h | 1.4490 | −0.069% | $14K | $604K | 50x | as long as short |
| Orderly PERP_GRAM_USDC_mythos | +0.0100% | 4h | 1.4500 | 0.000% | $2K | $1K | 10x | as long as short |
| SunX GRAM-USDT | +0.0100% | 4h | 1.4528 | +0.193% | $7K | $597K | 10x | as long as short |
| HTX GRAM-USDT | +0.0100% | 4h | 1.4522 | +0.152% | $338K | $621K | 30x | as long as short |
| Phemex GRAMUSDT | +0.0100% | 4h | 1.4500 | 0.000% | $1.5M | $1.8M | 20x | as long as short |
| Extended GRAM-USD | +0.0104% | 1h | 1.4506 | +0.044% | $169K | $123K | 5x | as long as short |
| Aster GRAMUSDT | +0.0380% | 4h | 1.4510 | +0.069% | $972K | $126K | 50x | as long as short |
| Lighter GRAM | +0.0816% | 1h | 1.4528 | +0.197% | $2.6M | $2.4M | 20x | as long as short |
Backpack GRAM_USDC_PERP
edgeX GRAMUSDC
ApeX Omni GRAMUSDT
Orderly PERP_GRAM_USDC_mythos
SunX GRAM-USDT
HTX GRAM-USDT
Phemex GRAMUSDT
Extended GRAM-USD
Aster GRAMUSDT
Lighter GRAM