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: edgeX against Hyperliquid−0.211%106s7-day average −0.157% · you buy dearer than you sell
Net, funding: paid 7d − costs−$86as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$570.569% 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)−0.006%−$1 · spread now −0.211%, 7d avg −0.157%
Together, before fees−0.296%+ Points / potential airdropHyperliquid: Season 2 · edgeX: Active · farm board−$30 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: edgeX is 0.054% cheaper against Hyperliquid than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of −0.157%. The two prices were read 106 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid GRAM1.45330.0100pay 0.0013% / 1h51m 45s$35.7M$7.0M5x
ShortedgeX GRAMUSDC1.45020.0100get 0.0050% / 4h51m 45s$17K$271K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

edgeX against Hyperliquid. 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: −0.211% → −0.157%
−$5.37
Slippage, 4 orders
−$38.93
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee edgeX: 4.5 bp × 2 orders
−$9
Net
−$62.3
Costs to cover
0.569%
Break-even
never at this rate
Slippage from Hyperliquid: live order book, 11 min ago; edgeX: live order book, 26 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 Hyperliquid live order book, 11 min ago0.34 bp5.7 bp −$6doesn't fitdoesn't fitdoesn't fit
Sell edgeX live order book, 26 min ago17.30 bp21.8 bp −$2238.6 bp −$386doesn'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%1h1.4490−0.296%$4K$143K12xas long as short
Paradex GRAM-USD-PERP+0.0100%8h1.4508−0.169%$2K$305xas long as short
Hyperliquid GRAMlong+0.0100%1h1.4533long leg$35.7M$7.0M5x
Binance GRAMUSDT+0.0100%4h1.4520−0.089%$20.5M$26.9M50xas long as short
Bybit GRAMUSDT+0.0100%4h1.4518−0.103%$30.8M$13.9M50xas long as short
OKX GRAM-USDT-SWAP+0.0100%4h1.4510−0.158%$8.6M$8.5M50xas long as short
Gate GRAM_USDT+0.0100%4h1.4520−0.089%$3.7M$3.2M75xas long as short
MEXC GRAM_USDT+0.0100%4h1.4520−0.089%$15.4M$2.7M20xas long as short
KuCoin GRAMUSDTM+0.0100%4h1.4517−0.110%$9.0M$10.9M50xas long as short
Bitget GRAMUSDT+0.0100%4h1.4519−0.096%$7.1M$3.9M50xas long as short
Show all 21 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Backpack GRAM_USDC_PERP+0.0100%1h1.4509−0.165%$44K$15K10xas long as short
edgeX GRAMUSDCshort+0.0100%4h1.4502−0.211%$17K$271K10x
ApeX Omni GRAMUSDT+0.0100%1h1.4500−0.227%$13K$590K50xas long as short
Orderly PERP_GRAM_USDC_mythos+0.0100%4h1.4500−0.227%$2K$1K10xas long as short
SunX GRAM-USDT+0.0100%4h1.4526−0.048%$7K$594K10xas long as short
Phemex GRAMUSDT+0.0100%4h1.4500−0.227%$1.6M$1.7M20xas long as short
Extended GRAM-USD+0.0104%1h1.4506−0.188%$169K$123K5xas long as short
Aster GRAMUSDT+0.0151%4h1.4514−0.134%$966K$99K50xas long as short
HTX GRAM-USDT+0.0297%4h1.4554+0.144%$336K$628K30xas long as short
BloFin GRAM-USDT+0.0340%4h1.4490−0.296%$1.4M$215K50xas long as short
Lighter GRAM+0.0720%1h1.4551+0.127%$2.7M$2.3M20xas long as short