Funding arb · Price arb /

GRAM

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.006%

Price spread now: Bybit against Paradex−0.025%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Paradex Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropParadex: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.025% cheaper against Paradex than usual: you would sell low and buy high, −$3 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex GRAM-USD-PERP	1.4494	0.0100	pay 0.0100% / 8h	6h 06m	$2K	$19	5x
Short	Bybit GRAMUSDT	1.4490	0.0100	get 0.0050% / 4h	2h 06m	$30.8M	$14.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Paradex. 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 ParadexbpFee BybitbpOrdersPrice spread, now −0.025%Rate

Funding earned: $0.02
Price spread: −0.025% → 0.000%: −$2.54
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$17.52
Costs to cover: 0.150%
Break-even: 6713.5 days

Slippage unknown: Paradex: no order-book sample; Bybit: live order book, 3 min ago. Net counts fees only.

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 Paradex no order-book sample	—	—	—	—	—
Sell Bybit live order book, 3 min ago	3.45 bp	16.6 bp −$17	37.9 bp −$379	514.0 bp −$51.4K	doesn't fit

Paradex: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

GRAM on 20 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	−0.025%	$4K	$143K	12x	as long as short
Paradex GRAM-USD-PERPlong	+0.0100%	8h	1.4494	long leg	$2K	$19	5x
Binance GRAMUSDT	+0.0100%	4h	1.4492	−0.015%	$20.5M	$28.0M	50x	as long as short
Bybit GRAMUSDTshort	+0.0100%	4h	1.4490	−0.025%	$30.8M	$14.0M	50x
OKX GRAM-USDT-SWAP	+0.0100%	4h	1.4490	−0.025%	$8.6M	$8.6M	50x	as long as short
Gate GRAM_USDT	+0.0100%	4h	1.4501	+0.050%	$3.7M	$3.3M	75x	as long as short
MEXC GRAM_USDT	+0.0100%	4h	1.4500	+0.044%	$15.3M	$2.7M	20x	as long as short
KuCoin GRAMUSDTM	+0.0100%	4h	1.4498	+0.030%	$8.8M	$10.6M	50x	as long as short
Bitget GRAMUSDT	+0.0100%	4h	1.4490	−0.025%	$7.2M	$4.1M	50x	as long as short
edgeX GRAMUSDC	+0.0100%	4h	1.4491	−0.015%	$17K	$273K	10x	as long as short

Show all 20 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
ApeX Omni GRAMUSDT	+0.0100%	1h	1.4510	+0.113%	$14K	$607K	50x	as long as short
Orderly PERP_GRAM_USDC_mythos	+0.0100%	4h	1.4490	−0.025%	$2K	$1K	10x	as long as short
SunX GRAM-USDT	+0.0100%	4h	1.4537	+0.299%	$7K	$599K	10x	as long as short
HTX GRAM-USDT	+0.0100%	4h	1.4533	+0.271%	$339K	$621K	30x	as long as short
Phemex GRAMUSDT	+0.0100%	4h	1.4490	−0.025%	$1.5M	$1.8M	20x	as long as short
Extended GRAM-USD	+0.0104%	1h	1.4497	+0.020%	$170K	$123K	5x	as long as short
Hyperliquid GRAM	+0.0151%	1h	1.4506	+0.085%	$35.7M	$7.4M	5x	as long as short
Backpack GRAM_USDC_PERP	+0.0354%	1h	1.4501	+0.050%	$54K	$17K	10x	as long as short
Aster GRAMUSDT	+0.0412%	4h	1.4521	+0.191%	$973K	$126K	50x	as long as short
Lighter GRAM	+0.0624%	1h	1.4522	+0.194%	$2.6M	$2.4M	20x	as long as short