Settings8H · net · $10k
Funding arb · Price arb /

GRAM

all GRAM markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC+0.0266%/8h= +29.1% APRpaid last 24h +0.154%
Price spread now: Hyperliquid against Binance+0.108%7-day average +0.093% · you sell dearer than you buy
Net, funding: paid 7d − costs−$8as in the Funding arb table
Net, price: spread back to 7d avg − costs−$36as in the Price arb table
costs, in and out, $10k−$370.372% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.289%+$29 on $10k
Price spread, last 7 days−0.001%$0 · spread now +0.108%, 7d avg +0.093%
Together, before fees+0.288%+ Points / potential airdropHyperliquid: Season 2 · farm board+$29 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.093%, so right now this pair is about funding alone: +$8 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance GRAMUSDT1.45340.0100pay 0.0050% / 4h1h 40m$20.6M$26.7M50x
ShortHyperliquid GRAM1.45490.0366get 0.0046% / 1h40m 50s$35.9M$6.9M5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid against Binance. 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

Funding earned
$55.79
Price spread: +0.108% → +0.093%
$1.48
Slippage, 4 orders
−$18.24
Fee Binance: 5 bp × 2 orders
−$10
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
$20.03
Costs to cover
0.372%
Break-even
4.5 days
Slippage from Binance: live order book, 15 min ago; Hyperliquid: live order book, 12 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Binance live order book, 15 min ago3.45 bp8.4 bp −$821.5 bp −$215205.5 bp −$20.6Kdoesn't fit
Sell Hyperliquid live order book, 12 min ago0.34 bp9.2 bp −$9doesn't fitdoesn't fitdoesn't fit

GRAM on 21 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective GRAM/USDC PERP−0.0387%1h1.4490−0.301%$4K$143K12xas long as short
Paradex GRAM-USD-PERP+0.0099%8h1.4549+0.105%$2K$305xas long as short
Binance GRAMUSDTlong+0.0100%4h1.4534long leg$20.6M$26.7M50x
Bybit GRAMUSDT+0.0100%4h1.4533−0.006%$30.7M$14.0M50xas long as short
OKX GRAM-USDT-SWAP+0.0100%4h1.4530−0.026%$8.7M$8.5M50xas long as short
Gate GRAM_USDT+0.0100%4h1.4539+0.036%$3.7M$3.2M75xas long as short
MEXC GRAM_USDT+0.0100%4h1.4530−0.026%$15.5M$2.8M20xas long as short
KuCoin GRAMUSDTM+0.0100%4h1.4533−0.006%$8.6M$10.9M50xas long as short
Bitget GRAMUSDT+0.0100%4h1.4536+0.015%$7.2M$3.9M50xas long as short
Backpack GRAM_USDC_PERP+0.0100%1h1.4538+0.029%$46K$13K10xas long as short
Show all 21 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
edgeX GRAMUSDC+0.0100%4h1.4498−0.246%$17K$270K10xas long as short
ApeX Omni GRAMUSDT+0.0100%1h1.4530−0.026%$13K$588K50xas long as short
Orderly PERP_GRAM_USDC_mythos+0.0100%4h1.4540+0.043%$2K$1K10xas long as short
SunX GRAM-USDT+0.0100%4h1.4556+0.153%$6K$590K10xas long as short
Phemex GRAMUSDT+0.0100%4h1.4530−0.026%$1.6M$1.7M20xas long as short
Extended GRAM-USD+0.0104%1h1.4527−0.046%$169K$123K5xas long as short
Aster GRAMUSDT+0.0239%4h1.4557+0.158%$968K$98K50xas long as short
BloFin GRAM-USDT+0.0340%4h1.4510−0.164%$1.4M$211K50xas long as short
Hyperliquid GRAMshort+0.0366%1h1.4549+0.108%$35.9M$6.9M5x
HTX GRAM-USDT+0.0628%4h1.4580+0.318%$337K$621K30xas long as short
Lighter GRAM+0.0696%1h1.4562+0.197%$2.7M$2.3M20xas long as short