Funding arb · Price arb /

GRAM

all GRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.003%

Price spread now: Bybit against Backpack0.000%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Backpack Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack GRAM_USDC_PERP	1.4503	0.0100	pay 0.0013% / 1h	37m 34s	$43K	$15K	10x
Short	Bybit GRAMUSDT	1.4503	0.0100	get 0.0050% / 4h	37m 34s	$30.7M	$13.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Backpack. 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 BackpackbpFee BybitbpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → 0.000%: $0
Slippage, 4 orders: no order book: not counted
Fee Backpack: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$21
Costs to cover: 0.210%
Break-even: never at this rate

Slippage unknown: Backpack: no order-book sample; Bybit: live order book, 1 min ago. Net counts fees only.

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 Backpack no order-book sample	—	—	—	—	—
Sell Bybit live order book, 1 min ago	3.45 bp	14.3 bp −$14	29.2 bp −$292	482.6 bp −$48.3K	doesn't fit

Backpack: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.090%	$4K	$143K	12x	as long as short
Paradex GRAM-USD-PERP	+0.0100%	8h	1.4511	+0.052%	$2K	$30	5x	as long as short
Hyperliquid GRAM	+0.0100%	1h	1.4528	+0.172%	$35.7M	$7.0M	5x	as long as short
Binance GRAMUSDT	+0.0100%	4h	1.4512	+0.064%	$20.5M	$26.9M	50x	as long as short
Bybit GRAMUSDTshort	+0.0100%	4h	1.4503	0.000%	$30.7M	$13.9M	50x
OKX GRAM-USDT-SWAP	+0.0100%	4h	1.4500	−0.021%	$8.6M	$8.5M	50x	as long as short
Gate GRAM_USDT	+0.0100%	4h	1.4512	+0.062%	$3.7M	$3.2M	75x	as long as short
MEXC GRAM_USDT	+0.0100%	4h	1.4500	−0.021%	$15.4M	$2.7M	20x	as long as short
KuCoin GRAMUSDTM	+0.0100%	4h	1.4511	+0.055%	$8.9M	$10.9M	50x	as long as short
Bitget GRAMUSDT	+0.0100%	4h	1.4508	+0.034%	$7.1M	$3.9M	50x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Backpack GRAM_USDC_PERPlong	+0.0100%	1h	1.4503	long leg	$43K	$15K	10x
edgeX GRAMUSDC	+0.0100%	4h	1.4493	−0.067%	$17K	$271K	10x	as long as short
ApeX Omni GRAMUSDT	+0.0100%	1h	1.4490	−0.090%	$13K	$591K	50x	as long as short
Orderly PERP_GRAM_USDC_mythos	+0.0100%	4h	1.4490	−0.090%	$2K	$1K	10x	as long as short
SunX GRAM-USDT	+0.0100%	4h	1.4517	+0.097%	$7K	$590K	10x	as long as short
Phemex GRAMUSDT	+0.0100%	4h	1.4490	−0.090%	$1.6M	$1.7M	20x	as long as short
Extended GRAM-USD	+0.0104%	1h	1.4505	+0.013%	$169K	$123K	5x	as long as short
Aster GRAMUSDT	+0.0155%	4h	1.4531	+0.193%	$967K	$99K	50x	as long as short
HTX GRAM-USDT	+0.0293%	4h	1.4546	+0.296%	$336K	$628K	30x	as long as short
BloFin GRAM-USDT	+0.0340%	4h	1.4500	−0.021%	$1.4M	$216K	50x	as long as short
Lighter GRAM	+0.0848%	1h	1.4544	+0.281%	$2.7M	$2.3M	20x	as long as short