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

GRAM

all GRAM markets
SwapBacktest
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 −0.124%
Price spread now: ApeX Omni against Hyperliquid−0.049%65s7-day average −0.127% · you buy dearer than you sell
Net, funding: paid 7d − costs−$84as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$610.614% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.221%−$22 on $10k
Price spread, last 4 days (all we have)−0.047%−$5 · spread now −0.049%, 7d avg −0.127%
Together, before fees−0.268%+ Points / potential airdropHyperliquid: Season 2 · farm board−$27 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: ApeX Omni is 0.078% dearer against Hyperliquid than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of −0.127%. The two prices were read 65 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid GRAM1.44170.0100pay 0.0013% / 1h42m 26s$35.4M$7.3M5x
ShortApeX Omni GRAMUSDT1.44100.0100get 0.0013% / 1h42m 26s$14K$610K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against Hyperliquid. 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
$0
Price spread: −0.049% → −0.127%
$7.81
Slippage, 4 orders
−$42.45
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
−$53.64
Costs to cover
0.614%
Break-even
never at this rate
Slippage from Hyperliquid: live order book, 11 min ago; ApeX Omni: live order book, 15 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 Hyperliquid live order book, 11 min ago1.04 bp6.4 bp −$6doesn't fitdoesn't fitdoesn't fit
Sell ApeX Omni live order book, 15 min ago13.85 bp24.9 bp −$25129.4 bp −$1,294doesn'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+0.506%$4K$143K12xas long as short
Paradex GRAM-USD-PERP+0.0097%8h1.4392−0.171%$2K$195xas long as short
Hyperliquid GRAMlong+0.0100%1h1.4417long leg$35.4M$7.3M5x
Binance GRAMUSDT+0.0100%4h1.4393−0.166%$20.4M$28.5M50xas long as short
Bybit GRAMUSDT+0.0100%4h1.4390−0.187%$30.4M$14.0M50xas long as short
OKX GRAM-USDT-SWAP+0.0100%4h1.4390−0.187%$8.6M$8.6M50xas long as short
Gate GRAM_USDT+0.0100%4h1.4398−0.132%$3.6M$3.4M75xas long as short
MEXC GRAM_USDT+0.0100%4h1.4400−0.118%$15.1M$2.6M20xas long as short
KuCoin GRAMUSDTM+0.0100%4h1.4395−0.153%$8.7M$10.5M50xas long as short
Bitget GRAMUSDT+0.0100%4h1.4402−0.104%$7.2M$4.2M50xas long as short
Show all 21 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Backpack GRAM_USDC_PERP+0.0100%1h1.4407−0.069%$53K$16K10xas long as short
edgeX GRAMUSDC+0.0100%4h1.4358−0.408%$17K$275K10xas long as short
ApeX Omni GRAMUSDTshort+0.0100%1h1.4410−0.049%$14K$610K50x
Orderly PERP_GRAM_USDC_mythos+0.0100%4h1.4390−0.187%$2K$1K10xas long as short
SunX GRAM-USDT+0.0100%4h1.4439+0.153%$7K$602K10xas long as short
HTX GRAM-USDT+0.0100%4h1.4422+0.035%$335K$621K30xas long as short
Phemex GRAMUSDT+0.0100%4h1.4410−0.049%$1.5M$1.8M20xas long as short
Extended GRAM-USD+0.0104%1h1.4396−0.143%$168K$123K5xas long as short
Lighter GRAM+0.0120%1h1.4403−0.098%$2.3M$2.9M20xas long as short
Aster GRAMUSDT+0.0235%4h1.4418+0.008%$966K$126K50xas long as short
BloFin GRAM-USDT+0.0340%4h1.4410−0.049%$1.4M$229K50xas long as short