Settings8H · net · $10k
LanguageThe language of the site
FundingPeriod funding rates are shown in
UnitsPercent or basis points
CostsCount taker fees and slippage in Net
SizePosition per leg used for Net and slippage
ExchangesWhich exchanges to include everywhere
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Funding arb · Price arb / Crypto

GRAM

All GRAM markets →
Backtest 30d
LegExchangePriceFund. /8hEach paymentNext inOIVol 24hLev
LONG
PopdexGRAMUSDT
1.5170+0.0096pay 0.0012% / 1h30m 20s$111K$314K50xLong Popdex
SHORT
HyperliquidGRAM
1.5170+0.0100get 0.0013% / 1h30m 20s$50.4M$12.9M5xShort Hyperliquid4% off
Price gap0.000%
Funding gap+0.0004% /8h

Funding is ≈ 0 and the gap is at its 7d average: nothing to capture right now.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast
Funding+$57+0.0004% /8h now · paid +0.573% over the last 7D
Price−$2spread 0.000% now, avg +0.018% → −0.018% if it goes back
Costs−$440.442% of $10k · taker + slippage, in and out
Result+$11+0.11%+ Points / potential airdropHyperliquid: Season 2 · farm boardWhat the last 7D really paid, hour by hour → backtest

Price and funding

1h · loading 5m…
ENTRY / EXIT · 7D
Entry now—
Entry average—
Best entry—
Exit now—
Exit average—
Best exit—
Exit free—
PRICE SPREAD · 7D
Now0.000%
Average—
Range—
Wider than now—
FUNDING SPREAD · 7D
Average /8h—
Highest—
Lowest—
Paid you—

Where the spread has been, last 7D

share of time at each level

Funding on every exchange

/8h

GRAM on 21 exchanges

lowest funding first

Before you open

4 ok · 1 to watch
  • OK: Fits both order books13.9 / 7.2 bp
    Entry at $10k a leg, taker fee + slippage. Closing costs about the same.
  • Note: Margin at max leverage$200 + $2,000
    Popdex 50x, Hyperliquid 5x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
  • OK: Same payment interval1h / 1h
    Both legs pay at the same time.
    Next 24h at the current rates, on $10k a leg: +$0.12Long Popdex: 24 payments, −$2.88; short Hyperliquid: 24 payments, +$3.00.
  • Note: Gap at its usual level0.000% vs +0.018%
    The price leg adds little either way.
  • Watch: Long leg is thinner$111K vs $50.4M OI
    Popdex sets your exit cost. Check its book before closing.
  • OK: Points on a legHyperliquid Season 2
    Volume here counts toward the points program.
  • OK: No KYC on either legPopdex No · Hyperliquid No
    Both exchanges let you trade without ID.

Profit calculator

both legs, in and out
Position, each leg
Hold for
Orders
Price spread
Funding rate
Funding earned+0.0301%/8h × 21 periods+$63.11
Price spread0.000% → +0.018% (7d avg)−$1.83
Slippage, 4 orderslive order books−$28.78
Fee Popdex bp × 2 orders−$6.40
Fee Hyperliquid bp × 2 orders−$9.00
Net · 7 days · $10k+$17.10
Costs to cover0.442%Break-even5.1 days
Slippage: Popdex: live order book, 2 min ago; Hyperliquid: live order book, 3 min ago

Cost to enter

taker + slippage from mid, one side
BUY · LONGPopdex3.3013.9 bp−$14264.6 bp−$2,646doesn’t fitdoesn’t fit
SELL · SHORTHyperliquid0.997.2 bp−$727.6 bp−$276307.5 bp−$30.8Kdoesn’t fit

Closing costs about the same again.

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