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 +0.008%

Price spread now: HTX against SunX+0.145%7-day average +0.109% · you sell dearer than you buy

Net, funding: paid 7d − costs−$143as in the Funding arb table

Net, price: spread back to 7d avg − costs−$174as in the Price arb table

costs, in and out, $10k−$1781.777% of the position

Long on SunX Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.344%+$34 on $10k

Price spread, last 4 days (all we have)+0.103%+$10 · spread now +0.145%, 7d avg +0.109%

Together, before fees+0.447%+$45 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: HTX is 0.036% dearer against SunX than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.109%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX GRAM-USDT	1.4509	0.0100	pay 0.0050% / 4h	1h 13m	$7K	$596K	10x
Short	HTX GRAM-USDT	1.4530	0.0100	get 0.0050% / 4h	1h 13m	$339K	$620K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now +0.145%Rate

Funding earned: $0
Price spread: +0.145% → +0.109%: $3.58
Slippage, 4 orders: −$157.67
Fee SunX: 4 bp × 2 orders: −$8
Fee HTX: 6 bp × 2 orders: −$12
Net: −$174.08
Costs to cover: 1.777%
Break-even: never at this rate

Slippage from SunX: live order book, 18 min ago; HTX: 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 SunX live order book, 18 min ago	32.72 bp	50.9 bp −$51	doesn't fit	doesn't fit	doesn't fit
Sell HTX live order book, 50 min ago	19.60 bp	27.6 bp −$28	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	−0.131%	$4K	$143K	12x	as long as short
Paradex GRAM-USD-PERP	+0.0100%	8h	1.4482	−0.183%	$2K	$19	5x	as long as short
Binance GRAMUSDT	+0.0100%	4h	1.4489	−0.134%	$20.7M	$28.1M	50x	as long as short
Bybit GRAMUSDT	+0.0100%	4h	1.4480	−0.200%	$30.7M	$13.8M	50x	as long as short
OKX GRAM-USDT-SWAP	+0.0100%	4h	1.4480	−0.200%	$8.7M	$8.6M	50x	as long as short
Gate GRAM_USDT	+0.0100%	4h	1.4495	−0.096%	$3.7M	$3.3M	75x	as long as short
MEXC GRAM_USDT	+0.0100%	4h	1.4480	−0.200%	$15.3M	$2.6M	20x	as long as short
KuCoin GRAMUSDTM	+0.0100%	4h	1.4490	−0.131%	$8.8M	$10.4M	50x	as long as short
Bitget GRAMUSDT	+0.0100%	4h	1.4490	−0.131%	$7.2M	$4.1M	50x	as long as short
Backpack GRAM_USDC_PERP	+0.0100%	1h	1.4493	−0.110%	$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	1.4510	+0.006%	$17K	$274K	10x	as long as short
ApeX Omni GRAMUSDT	+0.0100%	1h	1.4500	−0.062%	$14K	$609K	50x	as long as short
Orderly PERP_GRAM_USDC_mythos	+0.0100%	4h	1.4490	−0.131%	$2K	$1K	10x	as long as short
SunX GRAM-USDTlong	+0.0100%	4h	1.4509	long leg	$7K	$596K	10x
HTX GRAM-USDTshort	+0.0100%	4h	1.4530	+0.145%	$339K	$620K	30x
Phemex GRAMUSDT	+0.0100%	4h	1.4490	−0.131%	$1.5M	$1.8M	20x	as long as short
Extended GRAM-USD	+0.0104%	1h	1.4486	−0.156%	$169K	$123K	5x	as long as short
Aster GRAMUSDT	+0.0338%	4h	1.4517	+0.053%	$973K	$126K	50x	as long as short
BloFin GRAM-USDT	+0.0340%	4h	1.4460	−0.338%	$1.4M	$207K	50x	as long as short
Hyperliquid GRAM	+0.0352%	1h	1.4508	−0.007%	$35.8M	$7.2M	5x	as long as short
Lighter GRAM	+0.0824%	1h	1.4518	+0.060%	$2.6M	$2.4M	20x	as long as short