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 0.000%

Price spread now: SunX against Bybit+0.118%7-day average +0.139% · you sell dearer than you buy

Net, funding: paid 7d − costs−$132as in the Funding arb table

Net, price: spread back to 7d avg − costs−$145as in the Price arb table

costs, in and out, $10k−$1431.428% of the position

Long on Bybit Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.107%+$11 on $10k

Price spread, last 4 days (all we have)+0.109%+$11 · spread now +0.118%, 7d avg +0.139%

Together, before fees+0.216%+$22 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: SunX is 0.020% cheaper against Bybit than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of +0.139%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit GRAMUSDT	1.4350	0.0100	pay 0.0050% / 4h	2h 22m	$30.3M	$13.7M	50x
Short	SunX GRAM-USDT	1.4367	0.0100	get 0.0050% / 4h	2h 22m	$6K	$561K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.118%Rate

Funding earned: $0
Price spread: +0.118% → +0.139%: −$2.04
Slippage, 4 orders: −$123.76
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee SunX: 4 bp × 2 orders: −$8
Net: −$144.8
Costs to cover: 1.428%
Break-even: never at this rate

Slippage from Bybit: live order book, 2 min ago; SunX: live order book, 49 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, 2 min ago	3.49 bp	9.0 bp −$9	18.7 bp −$187	942.5 bp −$94.2K	doesn't fit
Sell SunX live order book, 49 min ago	32.99 bp	67.0 bp −$67	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
Injective GRAM/USDC PERP	+0.0033%	1h	1.4490	+0.976%	$4K	$143K	12x	as long as short
Lighter GRAM	+0.0096%	1h	1.4363	+0.090%	$2.3M	$2.9M	20x	as long as short
Binance GRAMUSDT	+0.0100%	4h	1.4356	+0.038%	$20.2M	$27.5M	50x	as long as short
Bybit GRAMUSDTlong	+0.0100%	4h	1.4350	long leg	$30.3M	$13.7M	50x
OKX GRAM-USDT-SWAP	+0.0100%	4h	1.4350	0.000%	$8.5M	$8.1M	50x	as long as short
Gate GRAM_USDT	+0.0100%	4h	1.4350	0.000%	$3.5M	$3.5M	75x	as long as short
MEXC GRAM_USDT	+0.0100%	4h	1.4350	0.000%	$16.6M	$2.7M	20x	as long as short
KuCoin GRAMUSDTM	+0.0100%	4h	1.4351	+0.007%	$9.0M	$10.2M	50x	as long as short
Bitget GRAMUSDT	+0.0100%	4h	1.4354	+0.028%	$7.0M	$4.0M	50x	as long as short
edgeX GRAMUSDC	+0.0100%	4h	1.4309	−0.284%	$17K	$274K	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	1.4310	−0.279%	$14K	$616K	50x	as long as short
Orderly PERP_GRAM_USDC_mythos	+0.0100%	4h	1.4350	0.000%	$2K	$1K	10x	as long as short
SunX GRAM-USDTshort	+0.0100%	4h	1.4367	+0.118%	$6K	$561K	10x
HTX GRAM-USDT	+0.0100%	4h	1.4376	+0.181%	$330K	$584K	30x	as long as short
Phemex GRAMUSDT	+0.0100%	4h	1.4350	0.000%	$1.5M	$1.8M	20x	as long as short
Paradex GRAM-USD-PERP	+0.0100%	8h	1.4332	−0.126%	$2K	$31	5x	as long as short
Extended GRAM-USD	+0.0104%	1h	1.4344	−0.044%	$168K	$123K	5x	as long as short
Aster GRAMUSDT	+0.0216%	4h	1.4378	+0.193%	$964K	$119K	50x	as long as short
BloFin GRAM-USDT	+0.0340%	4h	1.4330	−0.139%	$1.4M	$237K	50x	as long as short
Backpack GRAM_USDC_PERP	+0.0368%	1h	1.4366	+0.111%	$53K	$16K	10x	as long as short
Hyperliquid GRAM	+0.0385%	1h	1.4369	+0.132%	$35.4M	$7.6M	5x	as long as short