Funding arb · Price arb /

GRAM

all GRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Bybit against ApeX Omni−0.182%7-day average +0.007% · you buy dearer than you sell

Net, funding: paid 7d − costs−$85as in the Funding arb table

Net, price: spread back to 7d avg − costs−$93as in the Price arb table

costs, in and out, $10k−$740.745% of the position

Long on ApeX Omni 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)+0.116%+$12 · spread now −0.182%, 7d avg +0.007%

Together, before fees+0.010%+$1 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 0.188% cheaper against ApeX Omni than usual: you would sell low and buy high, −$19 on $10k if it goes back to its 7-day average of +0.007%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni GRAMUSDT	1.4290	0.0100	pay 0.0013% / 1h	54m 50s	$14K	$622K	50x
Short	Bybit GRAMUSDT	1.4264	0.0100	get 0.0050% / 4h	1h 54m	$30.3M	$12.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against ApeX Omni. 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 ApeX OmnibpFee BybitbpOrdersPrice spread, now −0.182%Rate

Funding earned: $0
Price spread: −0.182% → +0.007%: −$18.85
Slippage, 4 orders: −$53.48
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$93.33
Costs to cover: 0.745%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 56 min ago; Bybit: live order book, 2 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 ApeX Omni live order book, 56 min ago	14.02 bp	21.9 bp −$22	132.7 bp −$1,327	doesn't fit	doesn't fit
Sell Bybit live order book, 2 min ago	3.50 bp	14.6 bp −$15	43.4 bp −$434	614.1 bp −$61.4K	doesn't fit

GRAM on 21 exchanges

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	+1.400%	$4K	$143K	12x	as long as short
Hyperliquid GRAM	+0.0100%	1h	1.4283	−0.049%	$35.0M	$7.1M	5x	as long as short
Binance GRAMUSDT	+0.0100%	4h	1.4260	−0.210%	$20.1M	$25.0M	50x	as long as short
Bybit GRAMUSDTshort	+0.0100%	4h	1.4264	−0.182%	$30.3M	$12.2M	50x
OKX GRAM-USDT-SWAP	+0.0100%	4h	1.4270	−0.140%	$8.5M	$7.4M	50x	as long as short
Gate GRAM_USDT	+0.0100%	4h	1.4268	−0.154%	$3.6M	$3.2M	75x	as long as short
MEXC GRAM_USDT	+0.0100%	4h	1.4270	−0.140%	$15.6M	$2.5M	20x	as long as short
KuCoin GRAMUSDTM	+0.0100%	4h	1.4270	−0.140%	$8.8M	$8.6M	50x	as long as short
Bitget GRAMUSDT	+0.0100%	4h	1.4266	−0.168%	$6.9M	$3.7M	50x	as long as short
Backpack GRAM_USDC_PERP	+0.0100%	1h	1.4274	−0.112%	$52K	$14K	10x	as long as short

Show all 21 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX GRAMUSDC	+0.0100%	4h	1.4281	−0.062%	$17K	$273K	10x	as long as short
ApeX Omni GRAMUSDTlong	+0.0100%	1h	1.4290	long leg	$14K	$622K	50x
Orderly PERP_GRAM_USDC_mythos	+0.0100%	4h	1.4270	−0.140%	$2K	$1K	10x	as long as short
SunX GRAM-USDT	+0.0100%	4h	1.4286	−0.028%	$6K	$487K	10x	as long as short
HTX GRAM-USDT	+0.0100%	4h	1.4312	+0.154%	$294K	$547K	30x	as long as short
Phemex GRAMUSDT	+0.0100%	4h	1.4260	−0.210%	$1.6M	$1.6M	20x	as long as short
Paradex GRAM-USD-PERP	+0.0100%	8h	1.4262	−0.193%	$2K	$31	5x	as long as short
Extended GRAM-USD	+0.0104%	1h	1.4261	−0.200%	$128K	$157K	5x	as long as short
Lighter GRAM	+0.0200%	1h	1.4285	−0.038%	$2.2M	$2.6M	20x	as long as short
BloFin GRAM-USDT	+0.0340%	4h	1.4260	−0.210%	$1.4M	$223K	50x	as long as short
Aster GRAMUSDT	+0.0450%	4h	1.4289	−0.007%	$963K	$118K	50x	as long as short