Funding arb · Price arb /

GRAM

all GRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.121%

Price spread now: Lighter against KuCoin+0.139%7-day average +0.071% · you sell dearer than you buy

Net, funding: paid 7d − costs−$15as in the Funding arb table

Net, price: spread back to 7d avg − costs−$50as in the Price arb table

costs, in and out, $10k−$570.572% of the position

Long on KuCoin Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.420%+$42 on $10k

Price spread, last 7 days−0.192%−$19 · spread now +0.139%, 7d avg +0.071%

Together, before fees+0.228%+ Points / potential airdropLighter: Season 3 · farm board+$23 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: Lighter is 0.068% dearer against KuCoin than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of +0.071%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin GRAMUSDTM	1.4347	0.0100	pay 0.0050% / 4h	1h 32m	$9.0M	$10.2M	50x
Short	Lighter GRAM	1.4367	0.0096	get 0.0012% / 1h	32m 27s	$2.3M	$2.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against KuCoin. 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 KuCoinbpFee LighterbpOrdersPrice spread, now +0.139%Rate

Funding earned: −$0.84
Price spread: +0.139% → +0.071%: $6.79
Slippage, 4 orders: −$45.2
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Lighter: 0 bp × 2 orders: $0
Net: −$51.25
Costs to cover: 0.572%
Break-even: never at this rate

Slippage from KuCoin: live order book, 6 min ago; Lighter: live order book, 5 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 KuCoin live order book, 6 min ago	2.44 bp	24.7 bp −$25	74.9 bp −$749	doesn't fit	doesn't fit
Sell Lighter live order book, 5 min ago	3.51 bp	5.3 bp −$5	31.3 bp −$313	158.5 bp −$15.9K	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	+0.997%	$4K	$143K	12x	as long as short
Lighter GRAMshort	+0.0096%	1h	1.4367	+0.139%	$2.3M	$2.9M	20x
Binance GRAMUSDT	+0.0100%	4h	1.4340	−0.049%	$20.3M	$27.3M	50x	as long as short
Bybit GRAMUSDT	+0.0100%	4h	1.4337	−0.070%	$30.3M	$13.5M	50x	as long as short
OKX GRAM-USDT-SWAP	+0.0100%	4h	1.4340	−0.049%	$8.6M	$8.1M	50x	as long as short
Gate GRAM_USDT	+0.0100%	4h	1.4346	−0.007%	$3.6M	$3.4M	75x	as long as short
MEXC GRAM_USDT	+0.0100%	4h	1.4340	−0.049%	$16.3M	$2.7M	20x	as long as short
KuCoin GRAMUSDTMlong	+0.0100%	4h	1.4347	long leg	$9.0M	$10.2M	50x
Bitget GRAMUSDT	+0.0100%	4h	1.4343	−0.028%	$7.0M	$4.0M	50x	as long as short
Backpack GRAM_USDC_PERP	+0.0100%	1h	1.4360	+0.091%	$53K	$16K	10x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX GRAMUSDC	+0.0100%	4h	1.4360	+0.090%	$17K	$275K	10x	as long as short
ApeX Omni GRAMUSDT	+0.0100%	1h	1.4360	+0.091%	$14K	$615K	50x	as long as short
Orderly PERP_GRAM_USDC_mythos	+0.0100%	4h	1.4340	−0.049%	$2K	$1K	10x	as long as short
SunX GRAM-USDT	+0.0100%	4h	1.4377	+0.209%	$7K	$558K	10x	as long as short
HTX GRAM-USDT	+0.0100%	4h	1.4387	+0.279%	$330K	$587K	30x	as long as short
Phemex GRAMUSDT	+0.0100%	4h	1.4350	+0.021%	$1.5M	$1.7M	20x	as long as short
Paradex GRAM-USD-PERP	+0.0100%	8h	1.4345	−0.016%	$2K	$31	5x	as long as short
Extended GRAM-USD	+0.0104%	1h	1.4347	−0.002%	$168K	$123K	5x	as long as short
Hyperliquid GRAM	+0.0105%	1h	1.4354	+0.049%	$35.4M	$7.6M	5x	as long as short
Aster GRAMUSDT	+0.0149%	4h	1.4370	+0.159%	$963K	$118K	50x	as long as short
BloFin GRAM-USDT	+0.0340%	4h	1.4340	−0.049%	$1.4M	$238K	50x	as long as short