GRAM

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0068%/8h= +7.4% APRnext payment +$0.08 per $10,000 · paid last 24h −0.026%

Price spread now: Lighter against Hyperliquid+0.024%7-day average +0.005% · you sell dearer than you buy

Net, funding: paid 7d − costs−$13as in the Funding arb table

Net, price: spread back to 7d avg − costs−$24as in the Price arb table

costs, in and out, $10k−$260.256% of the position

What this pair did over the last

the charts below follow

Funding, last 7 days+0.122%+$12 on $10k

Price spread, last 7 days−0.084%−$8 · spread now +0.024%, 7d avg +0.005%

Together, before fees+0.038%+ Points / potential airdropHyperliquid: Season 2 · Lighter: Season 3 · farm board+$4 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.005%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid GRAM	1.4469	0.0100	pay 0.0013% / 1h	46m 32s	$35.6M	$7.0M	5x
Short	Lighter GRAM	1.4472	0.0168	get 0.0021% / 1h	46m 32s	$2.6M	$2.4M	20x

Funding history

latest

Range statsloading…

Lighter against Hyperliquid. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

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

Position, each leg$Hold fordaysFee HyperliquidbpFee LighterbpOrdersPrice spread, now +0.024%Rate

Slippage from Hyperliquid: live order book, 7 min ago; Lighter: live order book, 6 min ago.

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Hyperliquid live order book, 7 min ago	0.69 bp	6.3 bp −$6	doesn't fit	doesn't fit	doesn't fit
Sell Lighter live order book, 6 min ago	0.76 bp	2.9 bp −$3	15.5 bp −$155	159.0 bp −$15.9K	doesn't fit

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	+0.145%	$4K	$143K	12x	as long as short
Paradex GRAM-USD-PERP	+0.0100%	8h	1.4453	−0.108%	$2K	$30	5x	as long as short
Hyperliquid GRAMlong	+0.0100%	1h	1.4469	long leg	$35.6M	$7.0M	5x
Binance GRAMUSDT	+0.0100%	4h	1.4454	−0.102%	$20.4M	$27.0M	50x	as long as short
Bybit GRAMUSDT	+0.0100%	4h	1.4453	−0.111%	$30.6M	$13.8M	50x	as long as short
OKX GRAM-USDT-SWAP	+0.0100%	4h	1.4450	−0.131%	$8.6M	$8.4M	50x	as long as short
Gate GRAM_USDT	+0.0100%	4h	1.4457	−0.083%	$3.7M	$3.1M	75x	as long as short
MEXC GRAM_USDT	+0.0100%	4h	1.4450	−0.131%	$15.4M	$2.6M	20x	as long as short
KuCoin GRAMUSDTM	+0.0100%	4h	1.4457	−0.083%	$8.9M	$10.9M	50x	as long as short
Bitget GRAMUSDT	+0.0100%	4h	1.4456	−0.090%	$7.2M	$3.9M	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	1.4465	−0.028%	$53K	$20K	10x	as long as short
edgeX GRAMUSDC	+0.0100%	4h	1.4443	−0.181%	$17K	$273K	10x	as long as short
ApeX Omni GRAMUSDT	+0.0100%	1h	1.4450	−0.131%	$14K	$600K	50x	as long as short
Orderly PERP_GRAM_USDC_mythos	+0.0100%	4h	1.4460	−0.062%	$2K	$1K	10x	as long as short
SunX GRAM-USDT	+0.0100%	4h	1.4466	−0.021%	$6K	$591K	10x	as long as short
Phemex GRAMUSDT	+0.0100%	4h	1.4450	−0.131%	$1.6M	$1.7M	20x	as long as short
Extended GRAM-USD	+0.0104%	1h	1.4452	−0.115%	$169K	$123K	5x	as long as short
Lighter GRAMshort	+0.0168%	1h	1.4472	+0.024%	$2.6M	$2.4M	20x
Aster GRAMUSDT	+0.0185%	4h	1.4478	+0.065%	$975K	$111K	50x	as long as short
HTX GRAM-USDT	+0.0254%	4h	1.4502	+0.228%	$336K	$618K	30x	as long as short
BloFin GRAM-USDT	+0.0340%	4h	1.4450	−0.131%	$1.4M	$205K	50x	as long as short