Funding arb · Price arb /

GRAM

all GRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: ApeX Omni against Bybit−0.192%69s7-day average −0.015% · you buy dearer than you sell

Net, funding: paid 7d − costs−$62as 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−$730.729% of the position

Long on Bybit Short on ApeX Omni

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)+0.211%+$21 · spread now −0.192%, 7d avg −0.015%

Together, before fees+0.318%+$32 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: ApeX Omni is 0.177% cheaper against Bybit than usual: you would sell low and buy high, −$18 on $10k if it goes back to its 7-day average of −0.015%. The two prices were read 69 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	Bybit GRAMUSDT	1.4548	0.0100	pay 0.0050% / 4h	2h 50m	$31.0M	$14.0M	50x
Short	ApeX Omni GRAMUSDT	1.4520	0.0100	get 0.0013% / 1h	50m 19s	$14K	$604K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Bybit. 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 BybitbpFee ApeX OmnibpOrdersPrice spread, now −0.192%Rate

Funding earned: $0
Price spread: −0.192% → −0.015%: −$17.73
Slippage, 4 orders: −$51.94
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$90.67
Costs to cover: 0.729%
Break-even: never at this rate

Slippage from Bybit: live order book, 3 min ago; ApeX Omni: live order book, 17 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 Bybit live order book, 3 min ago	3.45 bp	13.8 bp −$14	34.3 bp −$343	829.6 bp −$83.0K	doesn't fit
Sell ApeX Omni live order book, 17 min ago	13.67 bp	23.2 bp −$23	114.1 bp −$1,141	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	−0.399%	$4K	$143K	12x	as long as short
Binance GRAMUSDT	+0.0100%	4h	1.4545	−0.017%	$20.6M	$27.5M	50x	as long as short
Bybit GRAMUSDTlong	+0.0100%	4h	1.4548	long leg	$31.0M	$14.0M	50x
OKX GRAM-USDT-SWAP	+0.0100%	4h	1.4540	−0.055%	$8.7M	$8.7M	50x	as long as short
Gate GRAM_USDT	+0.0100%	4h	1.4543	−0.034%	$3.7M	$3.2M	75x	as long as short
MEXC GRAM_USDT	+0.0100%	4h	1.4530	−0.124%	$15.6M	$2.6M	20x	as long as short
KuCoin GRAMUSDTM	+0.0100%	4h	1.4532	−0.110%	$8.9M	$10.8M	50x	as long as short
Bitget GRAMUSDT	+0.0100%	4h	1.4544	−0.027%	$7.3M	$4.1M	50x	as long as short
edgeX GRAMUSDC	+0.0100%	4h	1.4488	−0.413%	$17K	$272K	10x	as long as short
ApeX Omni GRAMUSDTshort	+0.0100%	1h	1.4520	−0.192%	$14K	$604K	50x

Show 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	1.4540	−0.055%	$2K	$1K	10x	as long as short
SunX GRAM-USDT	+0.0100%	4h	1.4556	+0.055%	$7K	$596K	10x	as long as short
HTX GRAM-USDT	+0.0100%	4h	1.4548	0.000%	$339K	$625K	30x	as long as short
Phemex GRAMUSDT	+0.0100%	4h	1.4550	+0.014%	$1.6M	$1.7M	20x	as long as short
Paradex GRAM-USD-PERP	+0.0100%	8h	1.4534	−0.098%	$2K	$19	5x	as long as short
Extended GRAM-USD	+0.0104%	1h	1.4544	−0.025%	$169K	$123K	5x	as long as short
Hyperliquid GRAM	+0.0196%	1h	1.4552	+0.027%	$35.8M	$7.0M	5x	as long as short
BloFin GRAM-USDT	+0.0340%	4h	1.4490	−0.399%	$1.4M	$199K	50x	as long as short
Backpack GRAM_USDC_PERP	+0.0408%	1h	1.4521	−0.186%	$54K	$20K	10x	as long as short
Aster GRAMUSDT	+0.0473%	4h	1.4540	−0.052%	$979K	$119K	50x	as long as short
Lighter GRAM	+0.0744%	1h	1.4561	+0.091%	$2.6M	$2.4M	20x	as long as short