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 −0.004%

Price spread now: MEXC against SunX−0.048%7-day average −0.159% · you buy dearer than you sell

Net, funding: paid 7d − costs−$136as in the Funding arb table

Net, price: spread back to 7d avg − costs−$118as in the Price arb table

costs, in and out, $10k−$1291.288% of the position

Long on SunX Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.074%−$7 on $10k

Price spread, last 3 days (all we have)−0.204%−$20 · spread now −0.048%, 7d avg −0.159%

Together, before fees−0.278%−$28 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: MEXC is 0.110% dearer against SunX than usual: you sell high and buy low, +$11 on $10k if it goes back to its 7-day average of −0.159%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX GRAM-USDT	1.4477	0.0100	pay 0.0050% / 4h	1h 22m	$7K	$593K	10x
Short	MEXC GRAM_USDT	1.4470	0.0100	get 0.0050% / 4h	1h 22m	$15.4M	$2.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.048%Rate

Funding earned: $0
Price spread: −0.048% → −0.159%: $11.04
Slippage, 4 orders: −$116.81
Fee SunX: 4 bp × 2 orders: −$8
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$117.77
Costs to cover: 1.288%
Break-even: never at this rate

Slippage from SunX: live order book, 49 min ago; MEXC: live order book, 1 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, 49 min ago	32.70 bp	51.0 bp −$51	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 1 min ago	3.46 bp	5.5 bp −$5	12.9 bp −$129	60.3 bp −$6,030	270.3 bp −$135.2K

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	+0.090%	$4K	$143K	12x	as long as short
Paradex GRAM-USD-PERP	+0.0099%	8h	1.4454	−0.157%	$2K	$30	5x	as long as short
Binance GRAMUSDT	+0.0100%	4h	1.4470	−0.048%	$20.5M	$26.8M	50x	as long as short
Bybit GRAMUSDT	+0.0100%	4h	1.4463	−0.097%	$30.6M	$14.0M	50x	as long as short
OKX GRAM-USDT-SWAP	+0.0100%	4h	1.4460	−0.117%	$8.6M	$8.5M	50x	as long as short
Gate GRAM_USDT	+0.0100%	4h	1.4468	−0.062%	$3.7M	$3.2M	75x	as long as short
MEXC GRAM_USDTshort	+0.0100%	4h	1.4470	−0.048%	$15.4M	$2.8M	20x
KuCoin GRAMUSDTM	+0.0100%	4h	1.4462	−0.104%	$9.0M	$11.0M	50x	as long as short
Bitget GRAMUSDT	+0.0100%	4h	1.4468	−0.062%	$7.1M	$3.8M	50x	as long as short
Backpack GRAM_USDC_PERP	+0.0100%	1h	1.4467	−0.069%	$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	1.4446	−0.213%	$17K	$271K	10x	as long as short
ApeX Omni GRAMUSDT	+0.0100%	1h	1.4450	−0.187%	$13K	$590K	50x	as long as short
Orderly PERP_GRAM_USDC_mythos	+0.0100%	4h	1.4470	−0.048%	$2K	$1K	10x	as long as short
SunX GRAM-USDTlong	+0.0100%	4h	1.4477	long leg	$7K	$593K	10x
Phemex GRAMUSDT	+0.0100%	4h	1.4460	−0.117%	$1.6M	$1.7M	20x	as long as short
Extended GRAM-USD	+0.0104%	1h	1.4467	−0.068%	$169K	$123K	5x	as long as short
Hyperliquid GRAM	+0.0144%	1h	1.4472	−0.035%	$35.6M	$7.0M	5x	as long as short
Aster GRAMUSDT	+0.0195%	4h	1.4487	+0.072%	$964K	$99K	50x	as long as short
BloFin GRAM-USDT	+0.0340%	4h	1.4460	−0.117%	$1.4M	$215K	50x	as long as short
HTX GRAM-USDT	+0.0444%	4h	1.4493	+0.111%	$335K	$624K	30x	as long as short
Lighter GRAM	+0.0584%	1h	1.4497	+0.137%	$2.7M	$2.3M	20x	as long as short