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

GRAM

all GRAM markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.117%
Price spread now: SunX against Lighter+0.068%7-day average +0.002% · you sell dearer than you buy
Net, funding: paid 7d − costs−$166as in the Funding arb table
Net, price: spread back to 7d avg − costs−$124as in the Price arb table
costs, in and out, $10k−$1301.302% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.359%−$36 on $10k
Price spread, last 4 days (all we have)−0.102%−$10 · spread now +0.068%, 7d avg +0.002%
Together, before fees−0.461%+ Points / potential airdropLighter: Season 3 · farm board−$46 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: SunX is 0.067% dearer against Lighter than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of +0.002%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter GRAM1.43670.0096pay 0.0012% / 1h29m 29s$2.3M$2.9M20x
ShortSunX GRAM-USDT1.43770.0100get 0.0050% / 4h1h 29m$7K$558K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SunX against Lighter. 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
$0.84
Price spread: +0.068% → +0.002%
$6.65
Slippage, 4 orders
−$122.17
Fee Lighter: 0 bp × 2 orders
$0
Fee SunX: 4 bp × 2 orders
−$8
Net
−$122.68
Costs to cover
1.302%
Break-even
1029.3 days
Slippage from Lighter: live order book, 8 min ago; SunX: live order book, 32 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 Lighter live order book, 8 min ago3.51 bp6.8 bp −$733.7 bp −$337174.2 bp −$17.4Kdoesn't fit
Sell SunX live order book, 32 min ago32.83 bp67.0 bp −$67doesn'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+0.855%$4K$143K12xas long as short
Lighter GRAMlong+0.0096%1h1.4367long leg$2.3M$2.9M20x
Binance GRAMUSDT+0.0100%4h1.4360−0.050%$20.3M$27.3M50xas long as short
Bybit GRAMUSDT+0.0100%4h1.4352−0.106%$30.4M$13.5M50xas long as short
OKX GRAM-USDT-SWAP+0.0100%4h1.4360−0.050%$8.6M$8.1M50xas long as short
Gate GRAM_USDT+0.0100%4h1.4360−0.050%$3.6M$3.5M75xas long as short
MEXC GRAM_USDT+0.0100%4h1.4350−0.120%$16.3M$2.7M20xas long as short
KuCoin GRAMUSDTM+0.0100%4h1.4357−0.071%$9.0M$10.2M50xas long as short
Bitget GRAMUSDT+0.0100%4h1.4356−0.078%$7.0M$4.0M50xas long as short
edgeX GRAMUSDC+0.0100%4h1.4338−0.202%$16K$276K10xas long as short
Show all 21 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
ApeX Omni GRAMUSDT+0.0100%1h1.4360−0.050%$14K$614K50xas long as short
Orderly PERP_GRAM_USDC_mythos+0.0100%4h1.4350−0.120%$2K$1K10xas long as short
SunX GRAM-USDTshort+0.0100%4h1.4377+0.068%$7K$558K10x
HTX GRAM-USDT+0.0100%4h1.4365−0.015%$329K$587K30xas long as short
Phemex GRAMUSDT+0.0100%4h1.4350−0.120%$1.5M$1.7M20xas long as short
Paradex GRAM-USD-PERP+0.0100%8h1.4358−0.067%$2K$315xas long as short
Extended GRAM-USD+0.0104%1h1.4357−0.074%$168K$123K5xas long as short
Hyperliquid GRAM+0.0109%1h1.4368+0.006%$35.4M$7.6M5xas long as short
Backpack GRAM_USDC_PERP+0.0121%1h1.4364−0.022%$53K$16K10xas long as short
Aster GRAMUSDT+0.0153%4h1.4388+0.143%$965K$118K50xas long as short
BloFin GRAM-USDT+0.0340%4h1.4350−0.120%$1.4M$239K50xas long as short