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 −0.130%
Price spread now: Bitget against Hyperliquid−0.048%7-day average −0.086% · you buy dearer than you sell
Net, funding: paid 7d − costs−$69as in the Funding arb table
Net, price: spread back to 7d avg − costs−$42as in the Price arb table
costs, in and out, $10k−$460.457% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.228%−$23 on $10k
Price spread, last 7 days+0.015%+$1 · spread now −0.048%, 7d avg −0.086%
Together, before fees−0.213%+ Points / potential airdropHyperliquid: Season 2 · farm board−$21 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: Bitget is 0.038% dearer against Hyperliquid than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.086%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid GRAM1.44570.0100pay 0.0013% / 1h58m 05s$35.6M$7.2M5x
ShortBitget GRAMUSDT1.44500.0100get 0.0050% / 4h58m 05s$7.2M$4.1M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget against Hyperliquid. 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: −0.048% → −0.086%
$3.76
Slippage, 4 orders
−$24.73
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$41.98
Costs to cover
0.457%
Break-even
never at this rate
Slippage from Hyperliquid: live order book, 5 min ago; Bitget: live order book, 5 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 Hyperliquid live order book, 5 min ago0.35 bp8.4 bp −$8doesn't fitdoesn't fitdoesn't fit
Sell Bitget live order book, 5 min ago3.46 bp17.9 bp −$1834.8 bp −$348doesn'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+0.228%$4K$143K12xas long as short
Paradex GRAM-USD-PERP+0.0100%8h1.4455−0.016%$2K$195xas long as short
Hyperliquid GRAMlong+0.0100%1h1.4457long leg$35.6M$7.2M5x
Binance GRAMUSDT+0.0100%4h1.4445−0.082%$20.6M$28.2M50xas long as short
Bybit GRAMUSDT+0.0100%4h1.4437−0.138%$30.5M$13.9M50xas long as short
OKX GRAM-USDT-SWAP+0.0100%4h1.4440−0.118%$8.7M$8.6M50xas long as short
Gate GRAM_USDT+0.0100%4h1.4453−0.028%$3.6M$3.3M75xas long as short
MEXC GRAM_USDT+0.0100%4h1.4450−0.048%$15.2M$2.6M20xas long as short
KuCoin GRAMUSDTM+0.0100%4h1.4455−0.014%$8.8M$10.4M50xas long as short
Bitget GRAMUSDTshort+0.0100%4h1.4450−0.048%$7.2M$4.1M50x
Show all 21 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Backpack GRAM_USDC_PERP+0.0100%1h1.4455−0.014%$53K$16K10xas long as short
edgeX GRAMUSDC+0.0100%4h1.4433−0.164%$17K$274K10xas long as short
ApeX Omni GRAMUSDT+0.0100%1h1.4440−0.118%$14K$608K50xas long as short
Orderly PERP_GRAM_USDC_mythos+0.0100%4h1.4460+0.021%$2K$1K10xas long as short
SunX GRAM-USDT+0.0100%4h1.4488+0.214%$7K$598K10xas long as short
HTX GRAM-USDT+0.0100%4h1.4508+0.353%$338K$621K30xas long as short
Phemex GRAMUSDT+0.0100%4h1.4460+0.021%$1.5M$1.8M20xas long as short
Extended GRAM-USD+0.0104%1h1.4454−0.021%$169K$123K5xas long as short
Aster GRAMUSDT+0.0299%4h1.4461+0.025%$969K$126K50xas long as short
BloFin GRAM-USDT+0.0340%4h1.4450−0.048%$1.4M$207K50xas long as short
Lighter GRAM+0.0472%1h1.4472+0.104%$2.6M$2.4M20xas long as short