Funding arb · Price arb /

GRAM

all GRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.004%

Price spread now: SunX against KuCoin+0.090%7-day average +0.111% · you sell dearer than you buy

Net, funding: paid 7d − costs−$144as in the Funding arb table

Net, price: spread back to 7d avg − costs−$152as in the Price arb table

costs, in and out, $10k−$1501.502% of the position

Long on KuCoin Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.060%+$6 on $10k

Price spread, last 4 days (all we have)+0.205%+$21 · spread now +0.090%, 7d avg +0.111%

Together, before fees+0.266%+$27 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 0.021% cheaper against KuCoin than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of +0.111%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin GRAMUSDTM	1.4405	0.0100	pay 0.0050% / 4h	40m 56s	$8.7M	$10.5M	50x
Short	SunX GRAM-USDT	1.4418	0.0100	get 0.0050% / 4h	40m 56s	$7K	$603K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.090%Rate

Funding earned: $0
Price spread: +0.090% → +0.111%: −$2.06
Slippage, 4 orders: −$130.19
Fee KuCoin: 6 bp × 2 orders: −$12
Fee SunX: 4 bp × 2 orders: −$8
Net: −$152.26
Costs to cover: 1.502%
Break-even: never at this rate

Slippage from KuCoin: live order book, 2 min ago; SunX: live order book, 50 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, 2 min ago	2.43 bp	18.7 bp −$19	87.8 bp −$878	doesn't fit	doesn't fit
Sell SunX live order book, 50 min ago	32.72 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	+0.590%	$4K	$143K	12x	as long as short
Lighter GRAM	+0.0096%	1h	1.4418	+0.091%	$2.3M	$2.9M	20x	as long as short
Paradex GRAM-USD-PERP	+0.0097%	8h	1.4391	−0.101%	$2K	$19	5x	as long as short
Hyperliquid GRAM	+0.0100%	1h	1.4426	+0.144%	$35.5M	$7.3M	5x	as long as short
Binance GRAMUSDT	+0.0100%	4h	1.4419	+0.100%	$20.5M	$28.5M	50x	as long as short
Bybit GRAMUSDT	+0.0100%	4h	1.4404	−0.007%	$30.4M	$14.0M	50x	as long as short
OKX GRAM-USDT-SWAP	+0.0100%	4h	1.4410	+0.035%	$8.6M	$8.6M	50x	as long as short
Gate GRAM_USDT	+0.0100%	4h	1.4412	+0.049%	$3.6M	$3.4M	75x	as long as short
MEXC GRAM_USDT	+0.0100%	4h	1.4410	+0.035%	$15.1M	$2.6M	20x	as long as short
KuCoin GRAMUSDTMlong	+0.0100%	4h	1.4405	long leg	$8.7M	$10.5M	50x

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget GRAMUSDT	+0.0100%	4h	1.4422	+0.118%	$7.2M	$4.2M	50x	as long as short
Backpack GRAM_USDC_PERP	+0.0100%	1h	1.4419	+0.097%	$53K	$16K	10x	as long as short
edgeX GRAMUSDC	+0.0100%	4h	1.4395	−0.070%	$17K	$273K	10x	as long as short
ApeX Omni GRAMUSDT	+0.0100%	1h	1.4410	+0.035%	$14K	$610K	50x	as long as short
Orderly PERP_GRAM_USDC_mythos	+0.0100%	4h	1.4400	−0.035%	$2K	$1K	10x	as long as short
SunX GRAM-USDTshort	+0.0100%	4h	1.4418	+0.090%	$7K	$603K	10x
HTX GRAM-USDT	+0.0100%	4h	1.4422	+0.118%	$336K	$621K	30x	as long as short
Phemex GRAMUSDT	+0.0100%	4h	1.4410	+0.035%	$1.5M	$1.8M	20x	as long as short
Extended GRAM-USD	+0.0104%	1h	1.4416	+0.074%	$168K	$123K	5x	as long as short
Aster GRAMUSDT	+0.0227%	4h	1.4420	+0.104%	$966K	$126K	50x	as long as short
BloFin GRAM-USDT	+0.0340%	4h	1.4380	−0.174%	$1.4M	$229K	50x	as long as short