Settings8H · net · $10k
Funding arb · Price arb /

GRAM

all GRAM markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.124%
Price spread now: Hyperliquid against Gate+0.083%7-day average +0.074% · you sell dearer than you buy
Net, funding: paid 7d − costs−$10as in the Funding arb table
Net, price: spread back to 7d avg − costs−$44as in the Price arb table
costs, in and out, $10k−$450.450% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.345%+$35 on $10k
Price spread, last 7 days+0.006%+$1 · spread now +0.083%, 7d avg +0.074%
Together, before fees+0.351%+ Points / potential airdropHyperliquid: Season 2 · farm board+$35 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate GRAM_USDT1.43840.0100pay 0.0050% / 4h6m 38s$3.6M$3.5M75x
ShortHyperliquid GRAM1.43960.0100get 0.0013% / 1h6m 38s$35.4M$7.3M5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid against Gate. 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

Funding earned
$0
Price spread: +0.083% → +0.074%
$0.93
Slippage, 4 orders
−$21
Fee Gate: 7.5 bp × 2 orders
−$15
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$44.07
Costs to cover
0.450%
Break-even
never at this rate
Slippage from Gate: live order book, 1 min ago; Hyperliquid: live order book, 7 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Gate live order book, 1 min ago2.43 bp15.2 bp −$1571.9 bp −$719doesn't fitdoesn't fit
Sell Hyperliquid live order book, 7 min ago1.39 bp8.1 bp −$8doesn't fitdoesn't fitdoesn't fit

GRAM on 21 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective GRAM/USDC PERP+0.0033%1h1.4490+0.737%$4K$143K12xas long as short
Lighter GRAM+0.0096%1h1.4389+0.035%$2.3M$2.9M20xas long as short
Paradex GRAM-USD-PERP+0.0098%8h1.4375−0.062%$2K$195xas long as short
Hyperliquid GRAMshort+0.0100%1h1.4396+0.083%$35.4M$7.3M5x
Binance GRAMUSDT+0.0100%4h1.4380−0.027%$20.3M$28.7M50xas long as short
Bybit GRAMUSDT+0.0100%4h1.4379−0.035%$30.3M$14.1M50xas long as short
OKX GRAM-USDT-SWAP+0.0100%4h1.4380−0.028%$8.6M$8.7M50xas long as short
Gate GRAM_USDTlong+0.0100%4h1.4384long leg$3.6M$3.5M75x
MEXC GRAM_USDT+0.0100%4h1.4380−0.028%$15.4M$2.6M20xas long as short
KuCoin GRAMUSDTM+0.0100%4h1.4387+0.021%$8.9M$10.4M50xas long as short
Show all 21 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget GRAMUSDT+0.0100%4h1.4379−0.035%$7.1M$4.2M50xas long as short
edgeX GRAMUSDC+0.0100%4h1.4393+0.061%$17K$273K10xas long as short
ApeX Omni GRAMUSDT+0.0100%1h1.4400+0.111%$14K$614K50xas long as short
Orderly PERP_GRAM_USDC_mythos+0.0100%4h1.4390+0.042%$2K$1K10xas long as short
SunX GRAM-USDT+0.0100%4h1.4417+0.229%$6K$613K10xas long as short
HTX GRAM-USDT+0.0100%4h1.4423+0.271%$327K$677K30xas long as short
Phemex GRAMUSDT+0.0100%4h1.4390+0.042%$1.5M$1.8M20xas long as short
Extended GRAM-USD+0.0104%1h1.4376−0.055%$168K$123K5xas long as short
Aster GRAMUSDT+0.0126%4h1.4408+0.170%$966K$127K50xas long as short
Backpack GRAM_USDC_PERP+0.0274%1h1.4397+0.090%$53K$16K10xas long as short
BloFin GRAM-USDT+0.0340%4h1.4390+0.042%$1.4M$229K50xas long as short