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% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bybit against SunX−0.097%56s7-day average −0.139% · you buy dearer than you sell

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

Long on SunX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.107%−$11 on $10k

Price spread, last 4 days (all we have)−0.371%−$37 · spread now −0.097%, 7d avg −0.139%

Together, before fees−0.478%−$48 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 0.043% dearer against SunX than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.139%. The two prices were read 56 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX GRAM-USDT	1.4480	0.0100	pay 0.0050% / 4h	1h 44m	$6K	$598K	10x
Short	Bybit GRAMUSDT	1.4466	0.0100	get 0.0050% / 4h	1h 44m	$30.7M	$14.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against SunX. 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 SunXbpFee BybitbpOrdersPrice spread, now −0.097%Rate

Funding earned: $0
Price spread: −0.097% → −0.139%: $4.26
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$14.74
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: SunX: live order book, 57 min ago; Bybit: live order book, 4 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 SunX live order book, 57 min ago	500.19 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 4 min ago	3.46 bp	15.8 bp −$16	34.0 bp −$340	524.5 bp −$52.5K	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	+0.069%	$4K	$143K	12x	as long as short
Paradex GRAM-USD-PERP	+0.0100%	8h	1.4473	−0.049%	$2K	$19	5x	as long as short
Binance GRAMUSDT	+0.0100%	4h	1.4478	−0.011%	$20.7M	$28.2M	50x	as long as short
Bybit GRAMUSDTshort	+0.0100%	4h	1.4466	−0.097%	$30.7M	$14.0M	50x
OKX GRAM-USDT-SWAP	+0.0100%	4h	1.4460	−0.138%	$8.7M	$8.5M	50x	as long as short
Gate GRAM_USDT	+0.0100%	4h	1.4478	−0.014%	$3.7M	$3.3M	75x	as long as short
MEXC GRAM_USDT	+0.0100%	4h	1.4470	−0.069%	$15.2M	$2.6M	20x	as long as short
KuCoin GRAMUSDTM	+0.0100%	4h	1.4473	−0.048%	$8.8M	$10.6M	50x	as long as short
Bitget GRAMUSDT	+0.0100%	4h	1.4476	−0.028%	$7.2M	$4.1M	50x	as long as short
Backpack GRAM_USDC_PERP	+0.0100%	1h	1.4486	+0.041%	$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	1.4449	−0.216%	$17K	$274K	10x	as long as short
ApeX Omni GRAMUSDT	+0.0100%	1h	1.4460	−0.138%	$14K	$605K	50x	as long as short
Orderly PERP_GRAM_USDC_mythos	+0.0100%	4h	1.4480	0.000%	$2K	$1K	10x	as long as short
SunX GRAM-USDTlong	+0.0100%	4h	1.4480	long leg	$6K	$598K	10x
HTX GRAM-USDT	+0.0100%	4h	1.4510	+0.207%	$338K	$621K	30x	as long as short
Phemex GRAMUSDT	+0.0100%	4h	1.4470	−0.069%	$1.5M	$1.8M	20x	as long as short
Extended GRAM-USD	+0.0104%	1h	1.4473	−0.050%	$169K	$123K	5x	as long as short
Hyperliquid GRAM	+0.0246%	1h	1.4492	+0.083%	$35.8M	$7.3M	5x	as long as short
BloFin GRAM-USDT	+0.0340%	4h	1.4460	−0.138%	$1.4M	$203K	50x	as long as short
Aster GRAMUSDT	+0.0368%	4h	1.4500	+0.138%	$972K	$126K	50x	as long as short
Lighter GRAM	+0.0792%	1h	1.4502	+0.154%	$2.6M	$2.4M	20x	as long as short