Funding arb · Price arb /

GRAM

all GRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.001%

Price spread now: Bybit against OKX+0.035%7-day average +0.056% · you sell dearer than you buy

Net, funding: paid 7d − costs−$60as in the Funding arb table

Net, price: spread back to 7d avg − costs−$56as in the Price arb table

costs, in and out, $10k−$540.542% of the position

Long on OKX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.059%−$6 on $10k

Price spread, last 7 days+0.040%+$4 · spread now +0.035%, 7d avg +0.056%

Together, before fees−0.019%−$2 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: Bybit is 0.021% cheaper against OKX than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of +0.056%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX GRAM-USDT-SWAP	1.4490	0.0100	pay 0.0050% / 4h	1h 53m	$8.6M	$8.5M	50x
Short	Bybit GRAMUSDT	1.4495	0.0100	get 0.0050% / 4h	1h 53m	$30.6M	$14.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against OKX. 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 OKXbpFee BybitbpOrdersPrice spread, now +0.035%Rate

Funding earned: $0
Price spread: +0.035% → +0.056%: −$2.13
Slippage, 4 orders: −$33.24
Fee OKX: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$56.37
Costs to cover: 0.542%
Break-even: never at this rate

Slippage from OKX: live order book, 4 min ago; Bybit: 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 OKX live order book, 4 min ago	3.45 bp	16.3 bp −$16	40.8 bp −$408	doesn't fit	doesn't fit
Sell Bybit live order book, 5 min ago	3.45 bp	15.7 bp −$16	33.6 bp −$336	469.3 bp −$46.9K	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	−0.0387%	1h	1.4490	0.000%	$4K	$143K	12x	as long as short
Paradex GRAM-USD-PERP	+0.0099%	8h	1.4502	+0.086%	$2K	$30	5x	as long as short
Binance GRAMUSDT	+0.0100%	4h	1.4504	+0.097%	$20.5M	$26.7M	50x	as long as short
Bybit GRAMUSDTshort	+0.0100%	4h	1.4495	+0.035%	$30.6M	$14.0M	50x
OKX GRAM-USDT-SWAPlong	+0.0100%	4h	1.4490	long leg	$8.6M	$8.5M	50x
Gate GRAM_USDT	+0.0100%	4h	1.4507	+0.117%	$3.7M	$3.2M	75x	as long as short
MEXC GRAM_USDT	+0.0100%	4h	1.4500	+0.069%	$15.4M	$2.8M	20x	as long as short
KuCoin GRAMUSDTM	+0.0100%	4h	1.4501	+0.076%	$8.7M	$10.9M	50x	as long as short
Bitget GRAMUSDT	+0.0100%	4h	1.4497	+0.048%	$7.2M	$3.9M	50x	as long as short
Backpack GRAM_USDC_PERP	+0.0100%	1h	1.4510	+0.138%	$45K	$13K	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	1.4491	+0.006%	$17K	$269K	10x	as long as short
ApeX Omni GRAMUSDT	+0.0100%	1h	1.4500	+0.069%	$13K	$591K	50x	as long as short
Orderly PERP_GRAM_USDC_mythos	+0.0100%	4h	1.4500	+0.069%	$2K	$1K	10x	as long as short
SunX GRAM-USDT	+0.0100%	4h	1.4526	+0.248%	$7K	$590K	10x	as long as short
Phemex GRAMUSDT	+0.0100%	4h	1.4500	+0.069%	$1.6M	$1.7M	20x	as long as short
Extended GRAM-USD	+0.0104%	1h	1.4506	+0.111%	$169K	$123K	5x	as long as short
Aster GRAMUSDT	+0.0249%	4h	1.4529	+0.272%	$966K	$102K	50x	as long as short
BloFin GRAM-USDT	+0.0340%	4h	1.4480	−0.069%	$1.4M	$209K	50x	as long as short
Hyperliquid GRAM	+0.0676%	1h	1.4526	+0.248%	$35.9M	$6.9M	5x	as long as short
Lighter GRAM	+0.0752%	1h	1.4532	+0.291%	$2.7M	$2.3M	20x	as long as short
HTX GRAM-USDT	+0.0780%	4h	1.4529	+0.269%	$337K	$629K	30x	as long as short