Funding arb · Price arb /

GRAM

all GRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: SunX against ApeX Omni−0.028%7-day average +0.150% · you buy dearer than you sell

Net, funding: paid 7d − costs−$161as in the Funding arb table

Net, price: spread back to 7d avg − costs−$179as in the Price arb table

costs, in and out, $10k−$1611.609% of the position

Long on ApeX Omni Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)+0.422%+$42 · spread now −0.028%, 7d avg +0.150%

Together, before fees+0.422%+$42 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: SunX is 0.178% cheaper against ApeX Omni than usual: you would sell low and buy high, −$18 on $10k if it goes back to its 7-day average of +0.150%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni GRAMUSDT	1.4300	0.0100	pay 0.0013% / 1h	42m 21s	$14K	$614K	50x
Short	SunX GRAM-USDT	1.4296	0.0100	get 0.0050% / 4h	3h 42m	$6K	$553K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now −0.028%Rate

Funding earned: $0
Price spread: −0.028% → +0.150%: −$17.82
Slippage, 4 orders: −$142.93
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: −$178.75
Costs to cover: 1.609%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 55 min ago; SunX: live order book, 69 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, 55 min ago	13.96 bp	21.7 bp −$22	113.5 bp −$1,135	doesn't fit	doesn't fit
Sell SunX live order book, 69 min ago	32.71 bp	66.8 bp −$67	doesn't fit	doesn't fit	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	+1.329%	$4K	$143K	12x	as long as short
Binance GRAMUSDT	+0.0100%	4h	1.4268	−0.224%	$20.1M	$27.2M	50x	as long as short
Bybit GRAMUSDT	+0.0100%	4h	1.4264	−0.252%	$30.2M	$13.3M	50x	as long as short
OKX GRAM-USDT-SWAP	+0.0100%	4h	1.4260	−0.280%	$8.5M	$7.8M	50x	as long as short
Gate GRAM_USDT	+0.0100%	4h	1.4263	−0.259%	$3.6M	$3.4M	75x	as long as short
MEXC GRAM_USDT	+0.0100%	4h	1.4260	−0.280%	$16.0M	$2.7M	20x	as long as short
KuCoin GRAMUSDTM	+0.0100%	4h	1.4264	−0.252%	$8.8M	$9.9M	50x	as long as short
Bitget GRAMUSDT	+0.0100%	4h	1.4267	−0.231%	$7.0M	$4.0M	50x	as long as short
edgeX GRAMUSDC	+0.0100%	4h	1.4297	−0.018%	$16K	$277K	10x	as long as short
ApeX Omni GRAMUSDTlong	+0.0100%	1h	1.4300	long leg	$14K	$614K	50x

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_GRAM_USDC_mythos	+0.0100%	4h	1.4260	−0.280%	$2K	$1K	10x	as long as short
SunX GRAM-USDTshort	+0.0100%	4h	1.4296	−0.028%	$6K	$553K	10x
HTX GRAM-USDT	+0.0100%	4h	1.4330	+0.210%	$304K	$635K	30x	as long as short
Phemex GRAMUSDT	+0.0100%	4h	1.4270	−0.210%	$1.5M	$1.7M	20x	as long as short
Paradex GRAM-USD-PERP	+0.0100%	8h	1.4254	−0.319%	$2K	$31	5x	as long as short
Extended GRAM-USD	+0.0104%	1h	1.4256	−0.305%	$166K	$122K	5x	as long as short
Lighter GRAM	+0.0152%	1h	1.4281	−0.134%	$2.3M	$2.8M	20x	as long as short
Hyperliquid GRAM	+0.0173%	1h	1.4275	−0.175%	$35.0M	$7.7M	5x	as long as short
Aster GRAMUSDT	+0.0295%	4h	1.4295	−0.037%	$965K	$120K	50x	as long as short
BloFin GRAM-USDT	+0.0340%	4h	1.4280	−0.140%	$1.4M	$242K	50x	as long as short
Backpack GRAM_USDC_PERP	+0.0396%	1h	1.4273	−0.189%	$53K	$16K	10x	as long as short