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 −0.001%

Price spread now: OKX against Bybit+0.021%7-day average −0.054% · you sell dearer than you buy

Net, funding: paid 7d − costs−$51as in the Funding arb table

Net, price: spread back to 7d avg − costs−$50as in the Price arb table

costs, in and out, $10k−$570.571% of the position

Long on Bybit Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.064%+$6 on $10k

Price spread, last 7 days−0.071%−$7 · spread now +0.021%, 7d avg −0.054%

Together, before fees−0.007%−$1 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: OKX is 0.075% dearer against Bybit than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of −0.054%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit GRAMUSDT	1.4317	0.0100	pay 0.0050% / 4h	15m 02s	$30.3M	$13.4M	50x
Short	OKX GRAM-USDT-SWAP	1.4320	0.0100	get 0.0050% / 4h	15m 02s	$8.5M	$8.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.021%Rate

Funding earned: $0
Price spread: +0.021% → −0.054%: $7.45
Slippage, 4 orders: −$36.09
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee OKX: 5 bp × 2 orders: −$10
Net: −$49.63
Costs to cover: 0.571%
Break-even: never at this rate

Slippage from Bybit: live order book, 4 min ago; OKX: 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, 4 min ago	3.49 bp	14.7 bp −$15	38.8 bp −$388	doesn't fit	doesn't fit
Sell OKX live order book, 3 min ago	3.49 bp	15.1 bp −$15	36.4 bp −$364	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	+1.208%	$4K	$143K	12x	as long as short
Lighter GRAM	+0.0096%	1h	1.4338	+0.146%	$2.3M	$2.9M	20x	as long as short
Binance GRAMUSDT	+0.0100%	4h	1.4324	+0.050%	$20.2M	$27.3M	50x	as long as short
Bybit GRAMUSDTlong	+0.0100%	4h	1.4317	long leg	$30.3M	$13.4M	50x
OKX GRAM-USDT-SWAPshort	+0.0100%	4h	1.4320	+0.021%	$8.5M	$8.0M	50x
Gate GRAM_USDT	+0.0100%	4h	1.4324	+0.049%	$3.6M	$3.5M	75x	as long as short
MEXC GRAM_USDT	+0.0100%	4h	1.4310	−0.049%	$16.2M	$2.7M	20x	as long as short
KuCoin GRAMUSDTM	+0.0100%	4h	1.4322	+0.035%	$8.8M	$10.0M	50x	as long as short
Bitget GRAMUSDT	+0.0100%	4h	1.4322	+0.035%	$7.0M	$4.0M	50x	as long as short
Backpack GRAM_USDC_PERP	+0.0100%	1h	1.4330	+0.091%	$53K	$15K	10x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX GRAMUSDC	+0.0100%	4h	1.4314	−0.018%	$16K	$276K	10x	as long as short
ApeX Omni GRAMUSDT	+0.0100%	1h	1.4330	+0.091%	$14K	$615K	50x	as long as short
Orderly PERP_GRAM_USDC_mythos	+0.0100%	4h	1.4330	+0.091%	$2K	$1K	10x	as long as short
SunX GRAM-USDT	+0.0100%	4h	1.4346	+0.203%	$6K	$559K	10x	as long as short
HTX GRAM-USDT	+0.0100%	4h	1.4348	+0.217%	$304K	$639K	30x	as long as short
Phemex GRAMUSDT	+0.0100%	4h	1.4320	+0.021%	$1.5M	$1.7M	20x	as long as short
Paradex GRAM-USD-PERP	+0.0100%	8h	1.4319	+0.015%	$2K	$31	5x	as long as short
Extended GRAM-USD	+0.0104%	1h	1.4326	+0.062%	$168K	$122K	5x	as long as short
Hyperliquid GRAM	+0.0156%	1h	1.4336	+0.133%	$35.3M	$7.7M	5x	as long as short
Aster GRAMUSDT	+0.0224%	4h	1.4352	+0.242%	$968K	$124K	50x	as long as short
BloFin GRAM-USDT	+0.0340%	4h	1.4310	−0.049%	$1.4M	$242K	50x	as long as short