Funding you earn now, next payment 12:00 UTC+0.0189%/8h= +20.7% APRnext payment +$0.95 per $10,000 · paid last 24h +0.012%
Price spread now: Aster against Phemex+0.283%7-day average +0.079% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$151as in the Price arb table
costs, in and out, $10k−$1711.713% of the position
Funding, last 6 days (all we have)+0.009%+$1 on $10k
+Price spread, last 4 days (all we have)−0.562%−$56 · spread now +0.283%, 7d avg +0.079%
=Together, before fees−0.553%+ Points / potential airdropAster: Stage 5 · farm board−$55 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Aster is 0.204% dearer against Phemex than usual: you sell high and buy low: +$20 more if the spread goes back to its 7-day average of +0.079%.
The current funding rate is far above what this pair has been paying: over the last 6 days it paid 0.009% in total (about 0.6% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.95 per $10,000. 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 | Phemex GRAMUSDT | 1.4290 | 0.0100 | pay 0.0050% / 4h | 3h 45m | $1.6M | $1.7M | 20x |
| Short | Aster GRAMUSDT | 1.4330 | 0.0289 | get 0.0145% / 4h | 3h 45m | $967K | $120K | 50x |
Phemex GRAMUSDT
Aster GRAMUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Aster against Phemex. 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
- $39.79
- Price spread: +0.283% → +0.079%
- $20.41
- Slippage, 4 orders
- −$151.33
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Aster: 4 bp × 2 orders
- −$8
- Net
- −$111.13
- Costs to cover
- 1.713%
- Break-even
- 26.6 days
Slippage from Phemex: live order book, 2 min ago; Aster: live order book, 52 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 Phemex live order book, 2 min ago | 3.49 bp | 65.8 bp −$66 | doesn't fit | doesn't fit | doesn't fit |
| Sell Aster live order book, 52 min ago | 10.45 bp | 20.1 bp −$20 | 162.7 bp −$1,627 | 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 | +1.400% | $4K | $143K | 12x | as long as short |
| Binance GRAMUSDT | +0.0100% | 4h | 1.4302 | +0.083% | $20.1M | $27.1M | 50x | as long as short |
| Bybit GRAMUSDT | +0.0100% | 4h | 1.4300 | +0.070% | $30.3M | $13.3M | 50x | as long as short |
| OKX GRAM-USDT-SWAP | +0.0100% | 4h | 1.4310 | +0.140% | $8.5M | $7.8M | 50x | as long as short |
| Gate GRAM_USDT | +0.0100% | 4h | 1.4304 | +0.098% | $3.6M | $3.4M | 75x | as long as short |
| MEXC GRAM_USDT | +0.0100% | 4h | 1.4300 | +0.070% | $16.2M | $2.6M | 20x | as long as short |
| KuCoin GRAMUSDTM | +0.0100% | 4h | 1.4305 | +0.105% | $8.8M | $9.9M | 50x | as long as short |
| Bitget GRAMUSDT | +0.0100% | 4h | 1.4296 | +0.042% | $7.0M | $4.0M | 50x | as long as short |
| edgeX GRAMUSDC | +0.0100% | 4h | 1.4313 | +0.164% | $16K | $276K | 10x | as long as short |
| ApeX Omni GRAMUSDT | +0.0100% | 1h | 1.4310 | +0.140% | $14K | $615K | 50x | as long as short |
Injective GRAM/USDC PERP
Binance GRAMUSDT
Bybit GRAMUSDT
OKX GRAM-USDT-SWAP
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 | 1.4300 | +0.070% | $2K | $1K | 10x | as long as short |
| SunX GRAM-USDT | +0.0100% | 4h | 1.4346 | +0.392% | $7K | $553K | 10x | as long as short |
| HTX GRAM-USDT | +0.0100% | 4h | 1.4330 | +0.280% | $304K | $635K | 30x | as long as short |
| Phemex GRAMUSDTlong | +0.0100% | 4h | 1.4290 | long leg | $1.6M | $1.7M | 20x | |
| Paradex GRAM-USD-PERP | +0.0100% | 8h | 1.4302 | +0.081% | $2K | $31 | 5x | as long as short |
| Extended GRAM-USD | +0.0104% | 1h | 1.4298 | +0.057% | $167K | $122K | 5x | as long as short |
| Hyperliquid GRAM | +0.0214% | 1h | 1.4314 | +0.168% | $35.2M | $7.6M | 5x | as long as short |
| Lighter GRAM | +0.0240% | 1h | 1.4311 | +0.145% | $2.3M | $2.8M | 20x | as long as short |
| Aster GRAMUSDTshort | +0.0289% | 4h | 1.4330 | +0.283% | $967K | $120K | 50x | |
| BloFin GRAM-USDT | +0.0340% | 4h | 1.4300 | +0.070% | $1.4M | $242K | 50x | as long as short |
| Backpack GRAM_USDC_PERP | +0.0450% | 1h | 1.4307 | +0.119% | $53K | $16K | 10x | as long as short |
Orderly PERP_GRAM_USDC_mythos
SunX GRAM-USDT
HTX GRAM-USDT
Paradex GRAM-USD-PERP
Extended GRAM-USD
Hyperliquid GRAM
Lighter GRAM
BloFin GRAM-USDT
Backpack GRAM_USDC_PERP