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 −0.131%

Price spread now: KuCoin against Hyperliquid−0.042%7-day average −0.063% · you buy dearer than you sell

Net, funding: paid 7d − costs−$103as in the Funding arb table

Net, price: spread back to 7d avg − costs−$71as in the Price arb table

costs, in and out, $10k−$730.733% of the position

Long on Hyperliquid Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.297%−$30 on $10k

Price spread, last 7 days+0.018%+$2 · spread now −0.042%, 7d avg −0.063%

Together, before fees−0.279%+ Points / potential airdropHyperliquid: Season 2 · farm board−$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: KuCoin is 0.021% dearer against Hyperliquid than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of −0.063%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid GRAM	1.4279	0.0100	pay 0.0013% / 1h	55m 23s	$35.0M	$7.1M	5x
Short	KuCoin GRAMUSDTM	1.4273	0.0100	get 0.0050% / 4h	1h 55m	$8.8M	$8.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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

Position, each leg$Hold fordaysFee HyperliquidbpFee KuCoinbpOrdersPrice spread, now −0.042%Rate

Funding earned: $0
Price spread: −0.042% → −0.063%: $2.09
Slippage, 4 orders: −$52.28
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$71.19
Costs to cover: 0.733%
Break-even: never at this rate

Slippage from Hyperliquid: live order book, 11 min ago; KuCoin: 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 Hyperliquid live order book, 11 min ago	0.35 bp	7.1 bp −$7	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 1 min ago	1.75 bp	18.6 bp −$19	67.1 bp −$671	doesn't fit	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	+1.478%	$4K	$143K	12x	as long as short
Hyperliquid GRAMlong	+0.0100%	1h	1.4279	long leg	$35.0M	$7.1M	5x
Binance GRAMUSDT	+0.0100%	4h	1.4264	−0.106%	$20.1M	$25.0M	50x	as long as short
Bybit GRAMUSDT	+0.0100%	4h	1.4270	−0.063%	$30.3M	$12.2M	50x	as long as short
OKX GRAM-USDT-SWAP	+0.0100%	4h	1.4270	−0.063%	$8.5M	$7.4M	50x	as long as short
Gate GRAM_USDT	+0.0100%	4h	1.4271	−0.056%	$3.6M	$3.2M	75x	as long as short
MEXC GRAM_USDT	+0.0100%	4h	1.4260	−0.133%	$15.6M	$2.5M	20x	as long as short
KuCoin GRAMUSDTMshort	+0.0100%	4h	1.4273	−0.042%	$8.8M	$8.6M	50x
Bitget GRAMUSDT	+0.0100%	4h	1.4266	−0.091%	$6.9M	$3.7M	50x	as long as short
Backpack GRAM_USDC_PERP	+0.0100%	1h	1.4278	−0.007%	$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	+0.015%	$17K	$273K	10x	as long as short
ApeX Omni GRAMUSDT	+0.0100%	1h	1.4290	+0.077%	$14K	$622K	50x	as long as short
Orderly PERP_GRAM_USDC_mythos	+0.0100%	4h	1.4270	−0.063%	$2K	$1K	10x	as long as short
SunX GRAM-USDT	+0.0100%	4h	1.4316	+0.259%	$6K	$489K	10x	as long as short
HTX GRAM-USDT	+0.0100%	4h	1.4312	+0.231%	$294K	$547K	30x	as long as short
Phemex GRAMUSDT	+0.0100%	4h	1.4270	−0.063%	$1.6M	$1.6M	20x	as long as short
Paradex GRAM-USD-PERP	+0.0100%	8h	1.4262	−0.116%	$2K	$31	5x	as long as short
Extended GRAM-USD	+0.0104%	1h	1.4261	−0.124%	$128K	$157K	5x	as long as short
Lighter GRAM	+0.0200%	1h	1.4284	+0.039%	$2.2M	$2.6M	20x	as long as short
BloFin GRAM-USDT	+0.0340%	4h	1.4300	+0.147%	$1.4M	$224K	50x	as long as short
Aster GRAMUSDT	+0.0450%	4h	1.4292	+0.090%	$963K	$118K	50x	as long as short