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

GRAM

all GRAM markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC+0.0227%/8h= +24.8% APRpaid last 24h +0.048%
Price spread now: Hyperliquid against BloFin−0.054%67s7-day average +0.130% · you buy dearer than you sell
Net, funding: paid 7d − costs−$67as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$500.498% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.176%−$18 on $10k
Price spread, last 4 days (all we have)+0.001%$0 · spread now −0.054%, 7d avg +0.130%
Together, before fees−0.175%+ Points / potential airdropHyperliquid: Season 2 · farm board−$18 on $10k · with fees, hour by hour
Funding pays, the price is against you. Hyperliquid is 0.184% cheaper against BloFin than usual: you would sell low and buy high (spread −0.054% now, against its 7-day average of +0.130%). If the spread goes back, that is −$18 on $10k: about 2.7 days of funding at the current rate (+$7 a day). Mind the row above: over the last 7 days funding on this pair cost −0.176%, so the current rate has only just turned in your favour. The two prices were read 67 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin GRAM-USDT1.43800.0340pay 0.0170% / 4h3h 49m$1.4M$236K50x
ShortHyperliquid GRAM1.43720.0567get 0.0071% / 1h49m 58s$35.3M$7.5M5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid against BloFin. 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
$47.62
Price spread: −0.054% → +0.130%
−$18.42
Slippage, 4 orders
−$28.78
Fee BloFin: 6 bp × 2 orders
−$12
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$20.58
Costs to cover
0.498%
Break-even
10.0 days
Slippage from BloFin: live order book, 3 min ago; Hyperliquid: live order book, 3 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 BloFin live order book, 3 min ago10.44 bp16.4 bp −$1624.2 bp −$242343.4 bp −$34.3Kdoesn't fit
Sell Hyperliquid live order book, 3 min ago1.04 bp8.1 bp −$88.9 bp −$89doesn'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+0.765%$4K$143K12xas long as short
Paradex GRAM-USD-PERP+0.0098%8h1.4351−0.199%$2K$195xas long as short
Binance GRAMUSDT+0.0100%4h1.4358−0.151%$20.3M$28.9M50xas long as short
Bybit GRAMUSDT+0.0100%4h1.4353−0.188%$30.3M$14.2M50xas long as short
OKX GRAM-USDT-SWAP+0.0100%4h1.4350−0.209%$8.6M$8.8M50xas long as short
Gate GRAM_USDT+0.0100%4h1.4355−0.174%$3.6M$3.4M75xas long as short
MEXC GRAM_USDT+0.0100%4h1.4350−0.209%$16.1M$2.7M20xas long as short
KuCoin GRAMUSDTM+0.0100%4h1.4359−0.146%$8.9M$10.4M50xas long as short
Bitget GRAMUSDT+0.0100%4h1.4356−0.167%$7.1M$4.2M50xas long as short
edgeX GRAMUSDC+0.0100%4h1.4372−0.059%$17K$274K10xas long as short
Show all 21 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
ApeX Omni GRAMUSDT+0.0100%1h1.43800.000%$14K$615K50xas long as short
Orderly PERP_GRAM_USDC_mythos+0.0100%4h1.4350−0.209%$2K$1K10xas long as short
SunX GRAM-USDT+0.0100%4h1.4407+0.188%$6K$612K10xas long as short
HTX GRAM-USDT+0.0100%4h1.4403+0.160%$326K$677K30xas long as short
Phemex GRAMUSDT+0.0100%4h1.4350−0.209%$1.5M$1.8M20xas long as short
Extended GRAM-USD+0.0104%1h1.4356−0.168%$168K$123K5xas long as short
Aster GRAMUSDT+0.0106%4h1.4374−0.040%$963K$127K50xas long as short
Lighter GRAM+0.0280%1h1.4369−0.077%$2.3M$2.9M20xas long as short
BloFin GRAM-USDTlong+0.0340%4h1.4380long leg$1.4M$236K50x
Backpack GRAM_USDC_PERP+0.0376%1h1.4362−0.125%$53K$16K10xas long as short
Hyperliquid GRAMshort+0.0567%1h1.4372−0.054%$35.3M$7.5M5x