Settings8H · net · $10k
Funding arb · Price arb /

GRAM

all GRAM markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.147%
Price spread now: Hyperliquid against edgeX+0.201%86s7-day average +0.158% · you sell dearer than you buy
Net, funding: paid 7d − costs−$30as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$590.594% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.290%+$29 on $10k
Price spread, last 3 days (all we have)−0.034%−$3 · spread now +0.201%, 7d avg +0.158%
Together, before fees+0.256%+ Points / potential airdropedgeX: Active · Hyperliquid: Season 2 · farm board+$26 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: Hyperliquid is 0.043% dearer against edgeX than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.158%. The two prices were read 86 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongedgeX GRAMUSDC1.44740.0100pay 0.0050% / 4h0m 08s$17K$273K10x
ShortHyperliquid GRAM1.45030.0100get 0.0013% / 1h0m 08s$35.7M$7.0M5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid against edgeX. 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

Funding earned
$0
Price spread: +0.201% → +0.158%
$4.29
Slippage, 4 orders
−$41.38
Fee edgeX: 4.5 bp × 2 orders
−$9
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$55.09
Costs to cover
0.594%
Break-even
never at this rate
Slippage from edgeX: live order book, 13 min ago; Hyperliquid: live order book, 3 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy edgeX live order book, 13 min ago17.30 bp21.8 bp −$2242.1 bp −$421doesn't fitdoesn't fit
Sell Hyperliquid live order book, 3 min ago0.34 bp8.7 bp −$9doesn't fitdoesn't fitdoesn't fit

GRAM on 21 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective GRAM/USDC PERP+0.0033%1h1.4490+0.112%$4K$143K12xas long as short
Paradex GRAM-USD-PERP+0.0100%8h1.4482+0.058%$2K$305xas long as short
Hyperliquid GRAMshort+0.0100%1h1.4503+0.201%$35.7M$7.0M5x
Binance GRAMUSDT+0.0100%4h1.4490+0.112%$20.4M$27.1M50xas long as short
Bybit GRAMUSDT+0.0100%4h1.4490+0.112%$30.7M$13.9M50xas long as short
OKX GRAM-USDT-SWAP+0.0100%4h1.4480+0.043%$8.6M$8.5M50xas long as short
Gate GRAM_USDT+0.0100%4h1.4491+0.119%$3.7M$3.2M75xas long as short
MEXC GRAM_USDT+0.0100%4h1.4490+0.112%$15.4M$2.7M20xas long as short
KuCoin GRAMUSDTM+0.0100%4h1.4491+0.119%$8.9M$10.9M50xas long as short
Bitget GRAMUSDT+0.0100%4h1.4495+0.146%$7.2M$4.0M50xas long as short
Show all 21 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Backpack GRAM_USDC_PERP+0.0100%1h1.4497+0.160%$43K$15K10xas long as short
edgeX GRAMUSDClong+0.0100%4h1.4474long leg$17K$273K10x
ApeX Omni GRAMUSDT+0.0100%1h1.4470−0.026%$14K$600K50xas long as short
Orderly PERP_GRAM_USDC_mythos+0.0100%4h1.4490+0.112%$2K$1K10xas long as short
SunX GRAM-USDT+0.0100%4h1.4497+0.160%$7K$594K10xas long as short
Phemex GRAMUSDT+0.0100%4h1.4480+0.043%$1.6M$1.7M20xas long as short
Extended GRAM-USD+0.0104%1h1.4487+0.092%$169K$123K5xas long as short
Aster GRAMUSDT+0.0189%4h1.4490+0.113%$976K$111K50xas long as short
HTX GRAM-USDT+0.0253%4h1.4528+0.374%$337K$620K30xas long as short
BloFin GRAM-USDT+0.0340%4h1.4490+0.112%$1.4M$206K50xas long as short
Lighter GRAM+0.0872%1h1.4516+0.289%$2.7M$2.3M20xas long as short