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% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Phemex against Bybit+0.117%7-day average −0.008% · you sell dearer than you buy

Net, funding: paid 7d − costs−$152as in the Funding arb table

Net, price: spread back to 7d avg − costs−$151as in the Price arb table

costs, in and out, $10k−$1631.631% of the position

Long on Bybit Short on Phemex

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)+0.321%+$32 · spread now +0.117%, 7d avg −0.008%

Together, before fees+0.428%+$43 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: Phemex is 0.125% dearer against Bybit than usual: you sell high and buy low, +$13 on $10k if it goes back to its 7-day average of −0.008%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit GRAMUSDT	1.4483	0.0100	pay 0.0050% / 4h	1h 07m	$30.7M	$13.8M	50x
Short	Phemex GRAMUSDT	1.4500	0.0100	get 0.0050% / 4h	1h 07m	$1.5M	$1.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex 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 PhemexbpOrdersPrice spread, now +0.117%Rate

Funding earned: $0
Price spread: +0.117% → −0.008%: $12.53
Slippage, 4 orders: −$140.13
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$150.6
Costs to cover: 1.631%
Break-even: never at this rate

Slippage from Bybit: live order book, 1 min ago; Phemex: live order book, 6 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, 1 min ago	3.45 bp	14.9 bp −$15	42.4 bp −$424	doesn't fit	doesn't fit
Sell Phemex live order book, 6 min ago	6.90 bp	64.1 bp −$64	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	+0.048%	$4K	$143K	12x	as long as short
Paradex GRAM-USD-PERP	+0.0100%	8h	1.4493	+0.066%	$2K	$19	5x	as long as short
Binance GRAMUSDT	+0.0100%	4h	1.4500	+0.117%	$20.7M	$28.1M	50x	as long as short
Bybit GRAMUSDTlong	+0.0100%	4h	1.4483	long leg	$30.7M	$13.8M	50x
OKX GRAM-USDT-SWAP	+0.0100%	4h	1.4490	+0.048%	$8.7M	$8.6M	50x	as long as short
Gate GRAM_USDT	+0.0100%	4h	1.4499	+0.110%	$3.6M	$3.4M	75x	as long as short
MEXC GRAM_USDT	+0.0100%	4h	1.4490	+0.048%	$15.3M	$2.6M	20x	as long as short
KuCoin GRAMUSDTM	+0.0100%	4h	1.4496	+0.090%	$8.8M	$10.4M	50x	as long as short
Bitget GRAMUSDT	+0.0100%	4h	1.4498	+0.104%	$7.2M	$4.1M	50x	as long as short
Backpack GRAM_USDC_PERP	+0.0100%	1h	1.4505	+0.152%	$54K	$16K	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	1.4477	−0.041%	$17K	$273K	10x	as long as short
ApeX Omni GRAMUSDT	+0.0100%	1h	1.4490	+0.048%	$14K	$608K	50x	as long as short
Orderly PERP_GRAM_USDC_mythos	+0.0100%	4h	1.4500	+0.117%	$2K	$1K	10x	as long as short
SunX GRAM-USDT	+0.0100%	4h	1.4518	+0.242%	$6K	$596K	10x	as long as short
HTX GRAM-USDT	+0.0100%	4h	1.4578	+0.656%	$340K	$620K	30x	as long as short
Phemex GRAMUSDTshort	+0.0100%	4h	1.4500	+0.117%	$1.5M	$1.8M	20x
Extended GRAM-USD	+0.0104%	1h	1.4491	+0.052%	$169K	$123K	5x	as long as short
Aster GRAMUSDT	+0.0330%	4h	1.4515	+0.222%	$973K	$126K	50x	as long as short
Hyperliquid GRAM	+0.0334%	1h	1.4509	+0.180%	$35.8M	$7.2M	5x	as long as short
BloFin GRAM-USDT	+0.0340%	4h	1.4520	+0.255%	$1.4M	$208K	50x	as long as short
Lighter GRAM	+0.0824%	1h	1.4523	+0.275%	$2.6M	$2.4M	20x	as long as short