Funding arb · Price arb /

GRAM

all GRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0032%/8h= +3.5% APRpaid last 24h −0.039%

Price spread now: Injective against Bybit+0.200%7-day average — · you sell dearer than you buy

Net, funding: paid 7d − costs−$112as in the Funding arb table

Net, price: spread back to 7d avg − costs−$84as in the Price arb table

costs, in and out, $10k−$1041.041% of the position

Long on Bybit Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days−0.076%−$8 on $10k

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

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Injective is 0.200% dearer against Bybit than usual: you sell high and buy low: +$20 more if the spread goes back to zero (this spread has no 7-day history yet). Mind the row above: over the last 7 days funding on this pair cost −0.076%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit GRAMUSDT	1.4511	0.0100	pay 0.0050% / 4h	2h 48m	$30.6M	$13.9M	50x
Short	Injective GRAM/USDC PERP	1.4540	0.0132	get 0.0016% / 1h	48m 51s	$4K	$121K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now +0.200%Rate

Funding earned: $6.71
Price spread: +0.200% → 0.000%: $19.98
Slippage, 4 orders: −$93.07
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$77.39
Costs to cover: 1.041%
Break-even: 87.7 days

Slippage from Bybit: live order book, 5 min ago; Injective: live order book, 20 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, 5 min ago	3.44 bp	14.2 bp −$14	28.7 bp −$287	624.3 bp −$62.4K	doesn't fit
Sell Injective live order book, 20 min ago	37.81 bp	37.8 bp −$38	doesn't fit	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
Paradex GRAM-USD-PERP	+0.0100%	8h	1.4515	+0.027%	$2K	$30	5x	as long as short
Hyperliquid GRAM	+0.0100%	1h	1.4535	+0.165%	$35.9M	$6.8M	5x	as long as short
Binance GRAMUSDT	+0.0100%	4h	1.4515	+0.029%	$20.9M	$25.8M	50x	as long as short
Bybit GRAMUSDTlong	+0.0100%	4h	1.4511	long leg	$30.6M	$13.9M	50x
OKX GRAM-USDT-SWAP	+0.0100%	4h	1.4500	−0.076%	$8.6M	$8.3M	50x	as long as short
Gate GRAM_USDT	+0.0100%	4h	1.4517	+0.041%	$3.7M	$3.2M	75x	as long as short
MEXC GRAM_USDT	+0.0100%	4h	1.4510	−0.007%	$15.3M	$2.8M	20x	as long as short
KuCoin GRAMUSDTM	+0.0100%	4h	1.4512	+0.007%	$8.8M	$10.9M	50x	as long as short
Bitget GRAMUSDT	+0.0100%	4h	1.4520	+0.062%	$7.2M	$3.7M	50x	as long as short
Backpack GRAM_USDC_PERP	+0.0100%	1h	1.4529	+0.124%	$44K	$12K	10x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX GRAMUSDC	+0.0100%	4h	1.4512	+0.004%	$17K	$270K	10x	as long as short
ApeX Omni GRAMUSDT	+0.0100%	1h	1.4510	−0.007%	$13K	$586K	50x	as long as short
Orderly PERP_GRAM_USDC_mythos	+0.0100%	4h	1.4530	+0.131%	$2K	$1K	10x	as long as short
SunX GRAM-USDT	+0.0100%	4h	1.4536	+0.172%	$7K	$571K	10x	as long as short
Phemex GRAMUSDT	+0.0100%	4h	1.4520	+0.062%	$1.6M	$1.7M	20x	as long as short
Extended GRAM-USD	+0.0104%	1h	1.4519	+0.054%	$150K	$103K	5x	as long as short
Injective GRAM/USDC PERPshort	+0.0132%	1h	1.4540	+0.200%	$4K	$121K	12x
Aster GRAMUSDT	+0.0229%	4h	1.4540	+0.200%	$967K	$99K	50x	as long as short
BloFin GRAM-USDT	+0.0340%	4h	1.4500	−0.076%	$1.4M	$210K	50x	as long as short
Lighter GRAM	+0.0696%	1h	1.4553	+0.291%	$2.7M	$2.5M	20x	as long as short
HTX GRAM-USDT	+0.1343%	4h	1.4591	+0.551%	$338K	$628K	30x	as long as short