Funding arb · Price arb /

GRAM

all GRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Bybit against ApeX Omni−0.125%109s7-day average +0.010% · you buy dearer than you sell

Net, funding: paid 7d − costs−$88as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$780.776% of the position

Long on ApeX Omni Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.107%−$11 on $10k

Price spread, last 4 days (all we have)+0.059%+$6 · spread now −0.125%, 7d avg +0.010%

Together, before fees−0.047%−$5 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: Bybit is 0.135% cheaper against ApeX Omni than usual: you would sell low and buy high, −$14 on $10k if it goes back to its 7-day average of +0.010%. The two prices were read 109 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni GRAMUSDT	1.4400	0.0100	pay 0.0013% / 1h	21m 44s	$14K	$614K	50x
Short	Bybit GRAMUSDT	1.4382	0.0100	get 0.0050% / 4h	21m 44s	$30.3M	$14.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against ApeX Omni. 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 ApeX OmnibpFee BybitbpOrdersPrice spread, now −0.125%Rate

Funding earned: $0
Price spread: −0.125% → +0.010%: −$13.52
Slippage, 4 orders: −$56.65
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$91.16
Costs to cover: 0.776%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 36 min ago; Bybit: live order book, 2 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 ApeX Omni live order book, 36 min ago	13.85 bp	22.3 bp −$22	110.1 bp −$1,101	doesn't fit	doesn't fit
Sell Bybit live order book, 2 min ago	3.48 bp	15.8 bp −$16	38.7 bp −$387	490.8 bp −$49.1K	doesn't fit

GRAM on 21 venues

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	+0.625%	$4K	$143K	12x	as long as short
Lighter GRAM	+0.0096%	1h	1.4401	+0.003%	$2.3M	$2.9M	20x	as long as short
Paradex GRAM-USD-PERP	+0.0097%	8h	1.4393	−0.047%	$2K	$19	5x	as long as short
Hyperliquid GRAM	+0.0100%	1h	1.4405	+0.035%	$35.4M	$7.3M	5x	as long as short
Binance GRAMUSDT	+0.0100%	4h	1.4399	−0.007%	$20.4M	$28.7M	50x	as long as short
Bybit GRAMUSDTshort	+0.0100%	4h	1.4382	−0.125%	$30.3M	$14.1M	50x
OKX GRAM-USDT-SWAP	+0.0100%	4h	1.4390	−0.069%	$8.6M	$8.7M	50x	as long as short
Gate GRAM_USDT	+0.0100%	4h	1.4395	−0.035%	$3.6M	$3.5M	75x	as long as short
MEXC GRAM_USDT	+0.0100%	4h	1.4390	−0.069%	$15.4M	$2.6M	20x	as long as short
KuCoin GRAMUSDTM	+0.0100%	4h	1.4393	−0.049%	$8.9M	$10.5M	50x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget GRAMUSDT	+0.0100%	4h	1.4397	−0.021%	$7.1M	$4.2M	50x	as long as short
edgeX GRAMUSDC	+0.0100%	4h	1.4400	+0.001%	$17K	$273K	10x	as long as short
ApeX Omni GRAMUSDTlong	+0.0100%	1h	1.4400	long leg	$14K	$614K	50x
Orderly PERP_GRAM_USDC_mythos	+0.0100%	4h	1.4390	−0.069%	$2K	$1K	10x	as long as short
SunX GRAM-USDT	+0.0100%	4h	1.4416	+0.111%	$6K	$612K	10x	as long as short
HTX GRAM-USDT	+0.0100%	4h	1.4440	+0.278%	$327K	$688K	30x	as long as short
Phemex GRAMUSDT	+0.0100%	4h	1.4390	−0.069%	$1.5M	$1.8M	20x	as long as short
Extended GRAM-USD	+0.0104%	1h	1.4388	−0.083%	$168K	$123K	5x	as long as short
Aster GRAMUSDT	+0.0166%	4h	1.4408	+0.054%	$966K	$127K	50x	as long as short
Backpack GRAM_USDC_PERP	+0.0219%	1h	1.4399	−0.007%	$53K	$16K	10x	as long as short
BloFin GRAM-USDT	+0.0340%	4h	1.4390	−0.069%	$1.4M	$229K	50x	as long as short