Funding arb · Price arb /

GRAM

all GRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.116%

Price spread now: Orderly against Lighter−0.010%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Lighter Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter GRAM	1.4201	0.0096	pay 0.0012% / 1h	6m 49s	$2.2M	$2.7M	20x
Short	Orderly PERP_GRAM_USDC_mythos	1.4200	0.0100	get 0.0050% / 4h	1h 06m	$2K	$1K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against Lighter. 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 LighterbpFee OrderlybpOrdersPrice spread, now −0.010%Rate

Funding earned: $0.84
Price spread: −0.010% → 0.000%: −$0.99
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$6.15
Costs to cover: 0.060%
Break-even: 58.2 days

Slippage unknown: Lighter: live order book, 3 min ago; Orderly: no order-book sample. Net counts fees only.

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 Lighter live order book, 3 min ago	1.90 bp	5.3 bp −$5	25.3 bp −$253	249.5 bp −$25.0K	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	+2.032%	$4K	$143K	12x	as long as short
Lighter GRAMlong	+0.0096%	1h	1.4201	long leg	$2.2M	$2.7M	20x
Paradex GRAM-USD-PERP	+0.0100%	8h	1.4182	−0.135%	$2K	$31	5x	as long as short
Hyperliquid GRAM	+0.0100%	1h	1.4202	+0.004%	$34.8M	$6.8M	5x	as long as short
Binance GRAMUSDT	+0.0100%	4h	1.4190	−0.080%	$19.9M	$24.6M	50x	as long as short
Bybit GRAMUSDT	+0.0100%	4h	1.4180	−0.151%	$29.7M	$12.2M	50x	as long as short
OKX GRAM-USDT-SWAP	+0.0100%	4h	1.4190	−0.080%	$8.5M	$7.4M	50x	as long as short
Gate GRAM_USDT	+0.0100%	4h	1.4191	−0.073%	$3.6M	$3.3M	75x	as long as short
MEXC GRAM_USDT	+0.0100%	4h	1.4180	−0.151%	$15.5M	$2.6M	20x	as long as short
KuCoin GRAMUSDTM	+0.0100%	4h	1.4194	−0.052%	$8.8M	$8.3M	50x	as long as short

Show all 21 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget GRAMUSDT	+0.0100%	4h	1.4189	−0.087%	$6.9M	$3.6M	50x	as long as short
Backpack GRAM_USDC_PERP	+0.0100%	1h	1.4199	−0.017%	$52K	$13K	10x	as long as short
edgeX GRAMUSDC	+0.0100%	4h	1.4158	−0.306%	$16K	$273K	10x	as long as short
ApeX Omni GRAMUSDT	+0.0100%	1h	1.4180	−0.151%	$14K	$622K	50x	as long as short
Orderly PERP_GRAM_USDC_mythosshort	+0.0100%	4h	1.4200	−0.010%	$2K	$1K	10x
SunX GRAM-USDT	+0.0100%	4h	1.4206	+0.032%	$7K	$466K	10x	as long as short
HTX GRAM-USDT	+0.0100%	4h	1.4207	+0.039%	$288K	$506K	30x	as long as short
Phemex GRAMUSDT	+0.0100%	4h	1.4180	−0.151%	$1.6M	$1.6M	20x	as long as short
Extended GRAM-USD	+0.0104%	1h	1.4180	−0.149%	$128K	$157K	5x	as long as short
BloFin GRAM-USDT	+0.0340%	4h	1.4180	−0.151%	$1.4M	$221K	50x	as long as short
Aster GRAMUSDT	+0.0365%	4h	1.4209	+0.055%	$957K	$115K	50x	as long as short