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

GRAM

all GRAM markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC+0.0644%/8h= +70.5% APRpaid last 24h +0.102%
Price spread now: Lighter against HTX−0.135%7-day average −0.108% · you buy dearer than you sell
Net, funding: paid 7d − costs−$69as in the Funding arb table
Net, price: spread back to 7d avg − costs−$71as in the Price arb table
costs, in and out, $10k−$690.686% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.002%$0 on $10k
Price spread, last 3 days (all we have)+0.023%+$2 · spread now −0.135%, 7d avg −0.108%
Together, before fees+0.022%+ Points / potential airdropLighter: Season 3 · farm board+$2 on $10k · with fees, hour by hour
Funding pays, the price is against you. Lighter is 0.028% cheaper against HTX than usual: you would sell low and buy high (spread −0.135% now, against its 7-day average of −0.108%). If the spread goes back, that is −$3 on $10k: about 3 hours of funding at the current rate (+$19 a day).
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.002% in total (about -0.1% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHTX GRAM-USDT1.46220.0100pay 0.0050% / 4h2h 46m$341K$625K30x
ShortLighter GRAM1.46020.0744get 0.0093% / 1h46m 33s$2.6M$2.4M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Lighter against HTX. 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
$135.24
Price spread: −0.135% → −0.108%
−$2.78
Slippage, 4 orders
−$56.59
Fee HTX: 6 bp × 2 orders
−$12
Fee Lighter: 0 bp × 2 orders
$0
Net
$63.87
Costs to cover
0.686%
Break-even
3.7 days
Slippage from HTX: live order book, 22 min ago; Lighter: live order book, 6 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 HTX live order book, 22 min ago17.38 bp29.8 bp −$30doesn't fitdoesn't fitdoesn't fit
Sell Lighter live order book, 6 min ago1.68 bp5.3 bp −$528.6 bp −$286175.6 bp −$17.6Kdoesn'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%1h1.4490−0.903%$4K$143K12xas long as short
Binance GRAMUSDT+0.0100%4h1.4580−0.284%$20.6M$27.6M50xas long as short
Bybit GRAMUSDT+0.0100%4h1.4580−0.287%$31.0M$14.0M50xas long as short
OKX GRAM-USDT-SWAP+0.0100%4h1.4580−0.287%$8.7M$8.7M50xas long as short
Gate GRAM_USDT+0.0100%4h1.4578−0.301%$3.7M$3.2M75xas long as short
MEXC GRAM_USDT+0.0100%4h1.4570−0.356%$15.7M$2.6M20xas long as short
KuCoin GRAMUSDTM+0.0100%4h1.4578−0.301%$8.9M$10.8M50xas long as short
Bitget GRAMUSDT+0.0100%4h1.4589−0.226%$7.3M$4.1M50xas long as short
edgeX GRAMUSDC+0.0100%4h1.4549−0.502%$17K$273K10xas long as short
ApeX Omni GRAMUSDT+0.0100%1h1.4560−0.424%$14K$604K50xas long as short
Show all 21 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Orderly PERP_GRAM_USDC_mythos+0.0100%4h1.4590−0.219%$2K$1K10xas long as short
SunX GRAM-USDT+0.0100%4h1.4606−0.109%$7K$596K10xas long as short
HTX GRAM-USDTlong+0.0100%4h1.4622long leg$341K$625K30x
Phemex GRAMUSDT+0.0100%4h1.4580−0.287%$1.6M$1.7M20xas long as short
Paradex GRAM-USD-PERP+0.0100%8h1.4573−0.336%$2K$195xas long as short
Extended GRAM-USD+0.0104%1h1.4573−0.333%$170K$123K5xas long as short
Hyperliquid GRAM+0.0214%1h1.4602−0.137%$36.0M$7.1M5xas long as short
BloFin GRAM-USDT+0.0340%4h1.4570−0.356%$1.4M$203K50xas long as short
Backpack GRAM_USDC_PERP+0.0478%1h1.4585−0.253%$54K$20K10xas long as short
Aster GRAMUSDT+0.0492%4h1.4602−0.134%$983K$124K50xas long as short
Lighter GRAMshort+0.0744%1h1.4602−0.135%$2.6M$2.4M20x