Funding arb · Price arb /

GRAM

all GRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Bybit against ApeX Omni+0.483%99s7-day average +0.015% · you sell dearer than you buy

Net, funding: paid 7d − costs−$84as 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−$730.732% of the position

Long on ApeX Omni Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.107%−$11 on $10k

Price spread, last 3 days (all we have)−0.501%−$50 · spread now +0.483%, 7d avg +0.015%

Together, before fees−0.608%−$61 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.468% dearer against ApeX Omni than usual: you sell high and buy low, +$47 on $10k if it goes back to its 7-day average of +0.015%. The two prices were read 99 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	ApeX Omni GRAMUSDT	1.4500	0.0100	pay 0.0013% / 1h	17m 51s	$14K	$601K	50x
Short	Bybit GRAMUSDT	1.4570	0.0100	get 0.0050% / 4h	3h 17m	$31.1M	$13.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against ApeX Omni. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee ApeX OmnibpFee BybitbpOrdersPrice spread, now +0.483%Rate

Funding earned: $0
Price spread: +0.483% → +0.015%: $46.76
Slippage, 4 orders: −$52.17
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$26.41
Costs to cover: 0.732%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 55 min ago; Bybit: live order book, 1 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 ApeX Omni live order book, 55 min ago	13.83 bp	22.3 bp −$22	117.8 bp −$1,178	doesn't fit	doesn't fit
Sell Bybit live order book, 1 min ago	3.44 bp	11.6 bp −$12	30.4 bp −$304	455.6 bp −$45.6K	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 PERP	+0.0033%	1h	1.4490	−0.069%	$4K	$143K	12x	as long as short
Paradex GRAM-USD-PERP	+0.0100%	8h	1.4517	+0.121%	$2K	$19	5x	as long as short
Binance GRAMUSDT	+0.0100%	4h	1.4560	+0.414%	$20.6M	$27.0M	50x	as long as short
Bybit GRAMUSDTshort	+0.0100%	4h	1.4570	+0.483%	$31.1M	$13.8M	50x
OKX GRAM-USDT-SWAP	+0.0100%	4h	1.4560	+0.414%	$8.6M	$8.5M	50x	as long as short
Gate GRAM_USDT	+0.0100%	4h	1.4566	+0.455%	$3.7M	$3.2M	75x	as long as short
MEXC GRAM_USDT	+0.0100%	4h	1.4560	+0.414%	$15.5M	$2.7M	20x	as long as short
KuCoin GRAMUSDTM	+0.0100%	4h	1.4578	+0.538%	$8.9M	$10.8M	50x	as long as short
Bitget GRAMUSDT	+0.0100%	4h	1.4569	+0.476%	$7.2M	$3.9M	50x	as long as short
edgeX GRAMUSDC	+0.0100%	4h	1.4508	+0.053%	$17K	$273K	10x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
ApeX Omni GRAMUSDTlong	+0.0100%	1h	1.4500	long leg	$14K	$601K	50x
Orderly PERP_GRAM_USDC_mythos	+0.0100%	4h	1.4560	+0.414%	$2K	$1K	10x	as long as short
SunX GRAM-USDT	+0.0100%	4h	1.4547	+0.324%	$7K	$591K	10x	as long as short
Phemex GRAMUSDT	+0.0100%	4h	1.4560	+0.414%	$1.6M	$1.7M	20x	as long as short
Extended GRAM-USD	+0.0104%	1h	1.4572	+0.496%	$170K	$123K	5x	as long as short
HTX GRAM-USDT	+0.0139%	4h	1.4588	+0.607%	$341K	$620K	30x	as long as short
Backpack GRAM_USDC_PERP	+0.0141%	1h	1.4569	+0.476%	$54K	$20K	10x	as long as short
Hyperliquid GRAM	+0.0161%	1h	1.4581	+0.559%	$35.9M	$7.0M	5x	as long as short
Aster GRAMUSDT	+0.0331%	4h	1.4580	+0.552%	$982K	$114K	50x	as long as short
BloFin GRAM-USDT	+0.0340%	4h	1.4560	+0.414%	$1.4M	$205K	50x	as long as short
Lighter GRAM	+0.0408%	1h	1.4581	+0.560%	$2.6M	$2.4M	20x	as long as short