Funding you earn now, next payment 12:00 UTC+0.0240%/8h= +26.3% APRnext payment +$1.20 per $10,000 · paid last 24h +0.072%
Price spread now: BloFin against Phemex0.000%59s7-day average −0.009% · you sell dearer than you buy
Net, funding: paid 7d − costs−$130as 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−$1701.696% of the position
Funding, last 7 days+0.397%+$40 on $10k
+Price spread, last 4 days (all we have)+0.073%+$7 · spread now 0.000%, 7d avg −0.009%
=The price spread sits at its 7-day average of −0.009%, so right now this pair is about funding alone: +$7 a day on $10k at the current rate. The two prices were read 59 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 | Phemex GRAMUSDT | 1.4180 | 0.0100 | pay 0.0050% / 4h | 1h 05m | $1.6M | $1.6M | 20x |
| Short | BloFin GRAM-USDT | 1.4180 | 0.0340 | get 0.0170% / 4h | 1h 05m | $1.4M | $221K | 50x |
Phemex GRAMUSDT
BloFin GRAM-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- $50.4
- Price spread: 0.000% → −0.009%
- $0.89
- Slippage, 4 orders
- −$145.56
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$118.27
- Costs to cover
- 1.696%
- Break-even
- 23.4 days
Slippage from Phemex: live order book, just now; BloFin: live order book, 5 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, just now | 3.53 bp | 70.5 bp −$70 | doesn't fit | doesn't fit | doesn't fit |
| Sell BloFin live order book, 5 min ago | 3.53 bp | 22.4 bp −$22 | 37.2 bp −$372 | 213.6 bp −$21.4K | doesn't fit |
GRAM on 21 exchanges
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 | +2.186% | $4K | $143K | 12x | as long as short |
| Lighter GRAM | +0.0096% | 1h | 1.4193 | +0.094% | $2.2M | $2.7M | 20x | as long as short |
| Paradex GRAM-USD-PERP | +0.0100% | 8h | 1.4173 | −0.052% | $2K | $31 | 5x | as long as short |
| Hyperliquid GRAM | +0.0100% | 1h | 1.4194 | +0.099% | $34.7M | $6.8M | 5x | as long as short |
| Binance GRAMUSDT | +0.0100% | 4h | 1.4174 | −0.044% | $19.9M | $24.6M | 50x | as long as short |
| Bybit GRAMUSDT | +0.0100% | 4h | 1.4170 | −0.071% | $29.6M | $12.2M | 50x | as long as short |
| OKX GRAM-USDT-SWAP | +0.0100% | 4h | 1.4180 | 0.000% | $8.5M | $7.4M | 50x | as long as short |
| Gate GRAM_USDT | +0.0100% | 4h | 1.4180 | 0.000% | $3.6M | $3.4M | 75x | as long as short |
| MEXC GRAM_USDT | +0.0100% | 4h | 1.4180 | 0.000% | $15.5M | $2.6M | 20x | as long as short |
| KuCoin GRAMUSDTM | +0.0100% | 4h | 1.4183 | +0.021% | $8.8M | $8.3M | 50x | as long as short |
Injective GRAM/USDC PERP
Lighter GRAM
Paradex GRAM-USD-PERP
Hyperliquid GRAM
Binance GRAMUSDT
Bybit GRAMUSDT
OKX GRAM-USDT-SWAP
Gate GRAM_USDT
MEXC GRAM_USDT
KuCoin GRAMUSDTMShow all 21 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget GRAMUSDT | +0.0100% | 4h | 1.4180 | 0.000% | $6.9M | $3.6M | 50x | as long as short |
| Backpack GRAM_USDC_PERP | +0.0100% | 1h | 1.4191 | +0.078% | $52K | $13K | 10x | as long as short |
| edgeX GRAMUSDC | +0.0100% | 4h | 1.4158 | −0.155% | $16K | $273K | 10x | as long as short |
| ApeX Omni GRAMUSDT | +0.0100% | 1h | 1.4180 | 0.000% | $14K | $622K | 50x | as long as short |
| Orderly PERP_GRAM_USDC_mythos | +0.0100% | 4h | 1.4190 | +0.071% | $2K | $1K | 10x | as long as short |
| SunX GRAM-USDT | +0.0100% | 4h | 1.4206 | +0.183% | $7K | $466K | 10x | as long as short |
| HTX GRAM-USDT | +0.0100% | 4h | 1.4215 | +0.247% | $289K | $506K | 30x | as long as short |
| Phemex GRAMUSDTlong | +0.0100% | 4h | 1.4180 | long leg | $1.6M | $1.6M | 20x | |
| Extended GRAM-USD | +0.0104% | 1h | 1.4169 | −0.079% | $128K | $157K | 5x | as long as short |
| BloFin GRAM-USDTshort | +0.0340% | 4h | 1.4180 | 0.000% | $1.4M | $221K | 50x | |
| Aster GRAMUSDT | +0.0361% | 4h | 1.4200 | +0.143% | $957K | $115K | 50x | as long as short |
Bitget GRAMUSDT
Backpack GRAM_USDC_PERP
edgeX GRAMUSDC
ApeX Omni GRAMUSDT
Orderly PERP_GRAM_USDC_mythos
SunX GRAM-USDT
HTX GRAM-USDT
Extended GRAM-USD
Aster GRAMUSDT