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 +0.004%

Price spread now: Bybit against MEXC+0.048%7-day average +0.013% · you sell dearer than you buy

Net, funding: paid 7d − costs−$44as in the Funding arb table

Net, price: spread back to 7d avg − costs−$36as in the Price arb table

costs, in and out, $10k−$400.400% of the position

Long on MEXC Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.040%−$4 on $10k

Price spread, last 7 days+0.001%$0 · spread now +0.048%, 7d avg +0.013%

Together, before fees−0.039%−$4 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: Bybit is 0.036% dearer against MEXC than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.013%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC GRAM_USDT	1.4450	0.0100	pay 0.0050% / 4h	3h 32m	$15.4M	$2.6M	20x
Short	Bybit GRAMUSDT	1.4457	0.0100	get 0.0050% / 4h	3h 32m	$30.6M	$13.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against MEXC. 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 MEXCbpFee BybitbpOrdersPrice spread, now +0.048%Rate

Funding earned: $0
Price spread: +0.048% → +0.013%: $3.55
Slippage, 4 orders: −$25.01
Fee MEXC: 2 bp × 2 orders: −$4
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$36.46
Costs to cover: 0.400%
Break-even: never at this rate

Slippage from MEXC: live order book, 1 min ago; Bybit: live order book, 2 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 MEXC live order book, 1 min ago	3.46 bp	5.5 bp −$5	8.3 bp −$83	53.0 bp −$5,304	198.0 bp −$99.0K
Sell Bybit live order book, 2 min ago	3.46 bp	14.1 bp −$14	33.2 bp −$332	507.8 bp −$50.8K	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	+0.277%	$4K	$143K	12x	as long as short
Paradex GRAM-USD-PERP	+0.0100%	8h	1.4447	−0.023%	$2K	$30	5x	as long as short
Hyperliquid GRAM	+0.0100%	1h	1.4470	+0.138%	$35.6M	$6.9M	5x	as long as short
Binance GRAMUSDT	+0.0100%	4h	1.4460	+0.066%	$20.4M	$26.9M	50x	as long as short
Bybit GRAMUSDTshort	+0.0100%	4h	1.4457	+0.048%	$30.6M	$13.6M	50x
OKX GRAM-USDT-SWAP	+0.0100%	4h	1.4450	0.000%	$8.6M	$8.3M	50x	as long as short
Gate GRAM_USDT	+0.0100%	4h	1.4458	+0.055%	$3.7M	$3.2M	75x	as long as short
MEXC GRAM_USDTlong	+0.0100%	4h	1.4450	long leg	$15.4M	$2.6M	20x
KuCoin GRAMUSDTM	+0.0100%	4h	1.4458	+0.055%	$8.9M	$10.8M	50x	as long as short
Bitget GRAMUSDT	+0.0100%	4h	1.4461	+0.076%	$7.2M	$3.8M	50x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Backpack GRAM_USDC_PERP	+0.0100%	1h	1.4463	+0.090%	$53K	$20K	10x	as long as short
edgeX GRAMUSDC	+0.0100%	4h	1.4463	+0.093%	$17K	$273K	10x	as long as short
ApeX Omni GRAMUSDT	+0.0100%	1h	1.4460	+0.069%	$14K	$600K	50x	as long as short
Orderly PERP_GRAM_USDC_mythos	+0.0100%	4h	1.4460	+0.069%	$2K	$1K	10x	as long as short
SunX GRAM-USDT	+0.0100%	4h	1.4487	+0.256%	$6K	$590K	10x	as long as short
Phemex GRAMUSDT	+0.0100%	4h	1.4450	0.000%	$1.6M	$1.7M	20x	as long as short
Extended GRAM-USD	+0.0104%	1h	1.4456	+0.043%	$169K	$123K	5x	as long as short
HTX GRAM-USDT	+0.0206%	4h	1.4522	+0.498%	$337K	$613K	30x	as long as short
Aster GRAMUSDT	+0.0225%	4h	1.4483	+0.230%	$975K	$110K	50x	as long as short
Lighter GRAM	+0.0328%	1h	1.4474	+0.167%	$2.6M	$2.4M	20x	as long as short
BloFin GRAM-USDT	+0.0340%	4h	1.4450	0.000%	$1.4M	$202K	50x	as long as short