Funding arb · Price arb /

GRAM

all GRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.004%

Price spread now: Binance against Bybit+0.059%7-day average −0.001% · you sell dearer than you buy

Net, funding: paid 7d − costs−$50as in the Funding arb table

Net, price: spread back to 7d avg − costs−$48as in the Price arb table

costs, in and out, $10k−$540.545% of the position

Long on Bybit Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.040%+$4 on $10k

Price spread, last 7 days−0.122%−$12 · spread now +0.059%, 7d avg −0.001%

Together, before fees−0.082%−$8 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: Binance is 0.060% dearer against Bybit than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of −0.001%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit GRAMUSDT	1.4420	0.0100	pay 0.0050% / 4h	2h 00m	$30.5M	$13.6M	50x
Short	Binance GRAMUSDT	1.4429	0.0100	get 0.0050% / 4h	2h 00m	$20.4M	$27.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now +0.059%Rate

Funding earned: $0
Price spread: +0.059% → −0.001%: $6.04
Slippage, 4 orders: −$33.45
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Binance: 5 bp × 2 orders: −$10
Net: −$48.42
Costs to cover: 0.545%
Break-even: never at this rate

Slippage from Bybit: live order book, 4 min ago; Binance: live order book, 11 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, 4 min ago	3.47 bp	15.8 bp −$16	38.6 bp −$386	doesn't fit	doesn't fit
Sell Binance live order book, 11 min ago	3.46 bp	8.5 bp −$8	28.7 bp −$287	310.3 bp −$31.0K	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	+0.485%	$4K	$143K	12x	as long as short
Lighter GRAM	+0.0096%	1h	1.4441	+0.142%	$2.3M	$2.9M	20x	as long as short
Binance GRAMUSDTshort	+0.0100%	4h	1.4429	+0.059%	$20.4M	$27.5M	50x
Bybit GRAMUSDTlong	+0.0100%	4h	1.4420	long leg	$30.5M	$13.6M	50x
OKX GRAM-USDT-SWAP	+0.0100%	4h	1.4420	0.000%	$8.6M	$8.1M	50x	as long as short
Gate GRAM_USDT	+0.0100%	4h	1.4423	+0.021%	$3.6M	$3.5M	75x	as long as short
MEXC GRAM_USDT	+0.0100%	4h	1.4420	0.000%	$16.4M	$2.7M	20x	as long as short
KuCoin GRAMUSDTM	+0.0100%	4h	1.4428	+0.055%	$9.0M	$10.2M	50x	as long as short
Bitget GRAMUSDT	+0.0100%	4h	1.4425	+0.035%	$7.0M	$4.0M	50x	as long as short
edgeX GRAMUSDC	+0.0100%	4h	1.4426	+0.043%	$17K	$276K	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 GRAMUSDT	+0.0100%	1h	1.4450	+0.208%	$14K	$615K	50x	as long as short
Orderly PERP_GRAM_USDC_mythos	+0.0100%	4h	1.4430	+0.069%	$2K	$1K	10x	as long as short
SunX GRAM-USDT	+0.0100%	4h	1.4467	+0.326%	$7K	$560K	10x	as long as short
HTX GRAM-USDT	+0.0100%	4h	1.4470	+0.347%	$332K	$584K	30x	as long as short
Phemex GRAMUSDT	+0.0100%	4h	1.4420	0.000%	$1.6M	$1.8M	20x	as long as short
Paradex GRAM-USD-PERP	+0.0100%	8h	1.4431	+0.077%	$2K	$31	5x	as long as short
Extended GRAM-USD	+0.0104%	1h	1.4425	+0.035%	$169K	$123K	5x	as long as short
Aster GRAMUSDT	+0.0196%	4h	1.4442	+0.153%	$968K	$118K	50x	as long as short
BloFin GRAM-USDT	+0.0340%	4h	1.4430	+0.069%	$1.4M	$242K	50x	as long as short
Hyperliquid GRAM	+0.0403%	1h	1.4436	+0.111%	$35.6M	$7.6M	5x	as long as short
Backpack GRAM_USDC_PERP	+0.0434%	1h	1.4431	+0.076%	$53K	$16K	10x	as long as short