Settings8H · net · $10k
Funding arb · Price arb /

GRAM

all GRAM markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC−0.0163%/8h= −17.9% APRpaid last 24h +0.120%
Price spread now: Hyperliquid against Aster−0.037%7-day average +0.046% · you buy dearer than you sell
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$58as in the Price arb table
costs, in and out, $10k−$500.498% of the position
What this pair did over the last
the charts below follow
Funding, last 5 days (all we have)+0.220%+$22 on $10k
Price spread, last 4 days (all we have)−0.041%−$4 · spread now −0.037%, 7d avg +0.046%
Together, before fees+0.179%+ Points / potential airdropAster: Stage 5 · Hyperliquid: Season 2 · farm board+$18 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Hyperliquid is 0.083% cheaper against Aster than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of +0.046%). Swap the legs. Mind the row above: over the last 5 days funding on this pair paid +0.220%, so the current rate has only just turned against you.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster GRAMUSDT1.44580.0279pay 0.0139% / 4h51m 46s$969K$126K50x
ShortHyperliquid GRAM1.44530.0115get 0.0014% / 1h51m 46s$35.6M$7.2M5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid against Aster. 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

Funding earned
−$34.33
Price spread: −0.037% → +0.046%
−$8.31
Slippage, 4 orders
−$32.8
Fee Aster: 4 bp × 2 orders
−$8
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$92.44
Costs to cover
0.498%
Break-even
never at this rate
Slippage from Aster: live order book, 6 min ago; Hyperliquid: live order book, 11 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Aster live order book, 6 min ago10.38 bp17.8 bp −$18doesn't fitdoesn't fitdoesn't fit
Sell Hyperliquid live order book, 11 min ago0.35 bp5.7 bp −$6doesn't fitdoesn't fitdoesn't fit

GRAM on 21 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective GRAM/USDC PERP+0.0033%1h1.4490+0.219%$4K$143K12xas long as short
Paradex GRAM-USD-PERP+0.0100%8h1.4439−0.131%$2K$195xas long as short
Binance GRAMUSDT+0.0100%4h1.4434−0.170%$20.6M$28.2M50xas long as short
Bybit GRAMUSDT+0.0100%4h1.4426−0.224%$30.5M$13.9M50xas long as short
OKX GRAM-USDT-SWAP+0.0100%4h1.4440−0.127%$8.7M$8.6M50xas long as short
Gate GRAM_USDT+0.0100%4h1.4443−0.106%$3.6M$3.3M75xas long as short
MEXC GRAM_USDT+0.0100%4h1.4440−0.127%$15.2M$2.6M20xas long as short
KuCoin GRAMUSDTM+0.0100%4h1.4437−0.148%$8.7M$10.4M50xas long as short
Bitget GRAMUSDT+0.0100%4h1.4442−0.113%$7.2M$4.1M50xas long as short
Backpack GRAM_USDC_PERP+0.0100%1h1.4451−0.051%$53K$16K10xas long as short
Show all 21 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
edgeX GRAMUSDC+0.0100%4h1.4453−0.037%$17K$273K10xas long as short
ApeX Omni GRAMUSDT+0.0100%1h1.4450−0.058%$14K$608K50xas long as short
Orderly PERP_GRAM_USDC_mythos+0.0100%4h1.4440−0.127%$2K$1K10xas long as short
SunX GRAM-USDT+0.0100%4h1.4478+0.136%$7K$598K10xas long as short
HTX GRAM-USDT+0.0100%4h1.4490+0.219%$337K$621K30xas long as short
Phemex GRAMUSDT+0.0100%4h1.4450−0.058%$1.5M$1.8M20xas long as short
Extended GRAM-USD+0.0104%1h1.4428−0.208%$169K$123K5xas long as short
Hyperliquid GRAMshort+0.0115%1h1.4453−0.037%$35.6M$7.2M5x
Aster GRAMUSDTlong+0.0279%4h1.4458long leg$969K$126K50x
BloFin GRAM-USDT+0.0340%4h1.4450−0.058%$1.4M$207K50xas long as short
Lighter GRAM+0.0600%1h1.4465+0.046%$2.6M$2.4M20xas long as short