Funding arb · Price arb /

GRAM

all GRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.008%

Price spread now: HTX against Bybit+0.314%7-day average +0.245% · you sell dearer than you buy

Net, funding: paid 7d − costs−$26as in the Funding arb table

Net, price: spread back to 7d avg − costs−$63as in the Price arb table

costs, in and out, $10k−$700.700% of the position

Long on Bybit Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.435%+$44 on $10k

Price spread, last 4 days (all we have)+0.076%+$8 · spread now +0.314%, 7d avg +0.245%

Together, before fees+0.511%+$51 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: HTX is 0.070% dearer against Bybit than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of +0.245%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit GRAMUSDT	1.4310	0.0100	pay 0.0050% / 4h	35m 45s	$30.3M	$13.4M	50x
Short	HTX GRAM-USDT	1.4355	0.0100	get 0.0050% / 4h	35m 45s	$323K	$601K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Bybit. 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 BybitbpFee HTXbpOrdersPrice spread, now +0.314%Rate

Funding earned: $0
Price spread: +0.314% → +0.245%: $6.98
Slippage, 4 orders: −$46.96
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee HTX: 6 bp × 2 orders: −$12
Net: −$62.97
Costs to cover: 0.700%
Break-even: never at this rate

Slippage from Bybit: live order book, 3 min ago; HTX: live order book, 3 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 Bybit live order book, 3 min ago	3.49 bp	17.8 bp −$18	44.1 bp −$441	doesn't fit	doesn't fit
Sell HTX live order book, 3 min ago	6.96 bp	13.0 bp −$13	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	+1.258%	$4K	$143K	12x	as long as short
Binance GRAMUSDT	+0.0100%	4h	1.4321	+0.074%	$20.2M	$27.3M	50x	as long as short
Bybit GRAMUSDTlong	+0.0100%	4h	1.4310	long leg	$30.3M	$13.4M	50x
OKX GRAM-USDT-SWAP	+0.0100%	4h	1.4310	0.000%	$8.6M	$8.0M	50x	as long as short
Gate GRAM_USDT	+0.0100%	4h	1.4321	+0.077%	$3.6M	$3.5M	75x	as long as short
MEXC GRAM_USDT	+0.0100%	4h	1.4310	0.000%	$16.2M	$2.6M	20x	as long as short
KuCoin GRAMUSDTM	+0.0100%	4h	1.4321	+0.077%	$8.8M	$10.1M	50x	as long as short
Bitget GRAMUSDT	+0.0100%	4h	1.4319	+0.063%	$7.0M	$4.0M	50x	as long as short
Backpack GRAM_USDC_PERP	+0.0100%	1h	1.4329	+0.133%	$53K	$16K	10x	as long as short
edgeX GRAMUSDC	+0.0100%	4h	1.4332	+0.153%	$16K	$275K	10x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
ApeX Omni GRAMUSDT	+0.0100%	1h	1.4360	+0.349%	$14K	$617K	50x	as long as short
Orderly PERP_GRAM_USDC_mythos	+0.0100%	4h	1.4320	+0.070%	$2K	$1K	10x	as long as short
SunX GRAM-USDT	+0.0100%	4h	1.4346	+0.252%	$7K	$557K	10x	as long as short
HTX GRAM-USDTshort	+0.0100%	4h	1.4355	+0.314%	$323K	$601K	30x
Phemex GRAMUSDT	+0.0100%	4h	1.4320	+0.070%	$1.5M	$1.7M	20x	as long as short
Paradex GRAM-USD-PERP	+0.0100%	8h	1.4315	+0.036%	$2K	$31	5x	as long as short
Extended GRAM-USD	+0.0104%	1h	1.4314	+0.025%	$168K	$122K	5x	as long as short
Hyperliquid GRAM	+0.0130%	1h	1.4334	+0.166%	$35.3M	$7.6M	5x	as long as short
Lighter GRAM	+0.0168%	1h	1.4337	+0.189%	$2.3M	$2.9M	20x	as long as short
Aster GRAMUSDT	+0.0210%	4h	1.4323	+0.092%	$966K	$124K	50x	as long as short
BloFin GRAM-USDT	+0.0340%	4h	1.4340	+0.210%	$1.4M	$243K	50x	as long as short