Funding arb · Price arb /

GRAM

all GRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0001%/8h= −0.1% APRpaid last 24h −0.006%

Price spread now: Paradex against Bybit−0.035%49s7-day average — · you buy dearer than you sell

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

Long on Bybit Short on Paradex

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropParadex: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Paradex is 0.035% cheaper against Bybit than usual: you would sell low and buy high, −$4 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 49 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	1.4450	0.0100	pay 0.0050% / 4h	1h 08m	$30.6M	$14.0M	50x
Short	Paradex GRAM-USD-PERP	1.4445	0.0099	get 0.0099% / 8h	1h 08m	$2K	$30	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex 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 ParadexbpOrdersPrice spread, now −0.035%Rate

Funding earned: −$0.11
Price spread: −0.035% → 0.000%: −$3.54
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$18.64
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Bybit: live order book, 5 min ago; Paradex: no order-book sample. 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 Bybit live order book, 5 min ago	3.46 bp	18.6 bp −$19	37.7 bp −$377	730.7 bp −$73.1K	doesn't fit
Sell Paradex no order-book sample	—	—	—	—	—

Paradex: 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	−0.0387%	1h	1.4490	+0.277%	$4K	$143K	12x	as long as short
Paradex GRAM-USD-PERPshort	+0.0099%	8h	1.4445	−0.035%	$2K	$30	5x
Hyperliquid GRAM	+0.0100%	1h	1.4460	+0.070%	$35.6M	$7.0M	5x	as long as short
Binance GRAMUSDT	+0.0100%	4h	1.4453	+0.021%	$20.4M	$26.8M	50x	as long as short
Bybit GRAMUSDTlong	+0.0100%	4h	1.4450	long leg	$30.6M	$14.0M	50x
OKX GRAM-USDT-SWAP	+0.0100%	4h	1.4440	−0.069%	$8.6M	$8.5M	50x	as long as short
Gate GRAM_USDT	+0.0100%	4h	1.4454	+0.028%	$3.7M	$3.2M	75x	as long as short
MEXC GRAM_USDT	+0.0100%	4h	1.4450	0.000%	$15.4M	$2.8M	20x	as long as short
KuCoin GRAMUSDTM	+0.0100%	4h	1.4447	−0.021%	$8.9M	$11.0M	50x	as long as short
Bitget GRAMUSDT	+0.0100%	4h	1.4454	+0.028%	$7.1M	$3.8M	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_PERP	+0.0100%	1h	1.4460	+0.069%	$43K	$15K	10x	as long as short
edgeX GRAMUSDC	+0.0100%	4h	1.4451	+0.009%	$17K	$270K	10x	as long as short
ApeX Omni GRAMUSDT	+0.0100%	1h	1.4450	0.000%	$13K	$591K	50x	as long as short
Orderly PERP_GRAM_USDC_mythos	+0.0100%	4h	1.4450	0.000%	$2K	$1K	10x	as long as short
SunX GRAM-USDT	+0.0100%	4h	1.4477	+0.187%	$7K	$595K	10x	as long as short
Phemex GRAMUSDT	+0.0100%	4h	1.4460	+0.069%	$1.6M	$1.7M	20x	as long as short
Extended GRAM-USD	+0.0104%	1h	1.4457	+0.046%	$169K	$123K	5x	as long as short
Aster GRAMUSDT	+0.0159%	4h	1.4475	+0.173%	$963K	$99K	50x	as long as short
BloFin GRAM-USDT	+0.0340%	4h	1.4450	0.000%	$1.4M	$215K	50x	as long as short
HTX GRAM-USDT	+0.0362%	4h	1.4493	+0.298%	$335K	$628K	30x	as long as short
Lighter GRAM	+0.0552%	1h	1.4483	+0.230%	$2.7M	$2.3M	20x	as long as short