Funding arb · Price arb /

GRAM

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.006%

Price spread now: Bybit against Paradex−0.085%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Paradex Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropParadex: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.085% cheaper against Paradex than usual: you would sell low and buy high, −$8 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex GRAM-USD-PERP	1.4401	0.0100	pay 0.0100% / 8h	1h 55m	$2K	$31	5x
Short	Bybit GRAMUSDT	1.4389	0.0100	get 0.0050% / 4h	1h 55m	$30.4M	$13.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Paradex. 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 ParadexbpFee BybitbpOrdersPrice spread, now −0.085%Rate

Funding earned: −$0.01
Price spread: −0.085% → 0.000%: −$8.5
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$23.51
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Paradex: no order-book sample; Bybit: live order book, 4 min ago. Net counts fees only.

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 Paradex no order-book sample	—	—	—	—	—
Sell Bybit live order book, 4 min ago	3.47 bp	14.3 bp −$14	39.5 bp −$395	398.3 bp −$39.8K	doesn't fit

Paradex: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	+0.616%	$4K	$143K	12x	as long as short
Hyperliquid GRAM	+0.0100%	1h	1.4412	+0.075%	$35.5M	$7.7M	5x	as long as short
Binance GRAMUSDT	+0.0100%	4h	1.4397	−0.031%	$20.3M	$27.4M	50x	as long as short
Bybit GRAMUSDTshort	+0.0100%	4h	1.4389	−0.085%	$30.4M	$13.5M	50x
OKX GRAM-USDT-SWAP	+0.0100%	4h	1.4390	−0.078%	$8.6M	$8.1M	50x	as long as short
Gate GRAM_USDT	+0.0100%	4h	1.4398	−0.022%	$3.6M	$3.4M	75x	as long as short
MEXC GRAM_USDT	+0.0100%	4h	1.4390	−0.078%	$16.3M	$2.7M	20x	as long as short
KuCoin GRAMUSDTM	+0.0100%	4h	1.4400	−0.009%	$9.0M	$10.2M	50x	as long as short
Bitget GRAMUSDT	+0.0100%	4h	1.4392	−0.064%	$7.0M	$4.0M	50x	as long as short
Backpack GRAM_USDC_PERP	+0.0100%	1h	1.4406	+0.033%	$53K	$16K	10x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX GRAMUSDC	+0.0100%	4h	1.4413	+0.080%	$17K	$274K	10x	as long as short
ApeX Omni GRAMUSDT	+0.0100%	1h	1.4410	+0.061%	$14K	$617K	50x	as long as short
Orderly PERP_GRAM_USDC_mythos	+0.0100%	4h	1.4400	−0.009%	$2K	$1K	10x	as long as short
SunX GRAM-USDT	+0.0100%	4h	1.4417	+0.109%	$6K	$560K	10x	as long as short
HTX GRAM-USDT	+0.0100%	4h	1.4437	+0.248%	$331K	$583K	30x	as long as short
Phemex GRAMUSDT	+0.0100%	4h	1.4400	−0.009%	$1.6M	$1.7M	20x	as long as short
Paradex GRAM-USD-PERPlong	+0.0100%	8h	1.4401	long leg	$2K	$31	5x
Extended GRAM-USD	+0.0104%	1h	1.4393	−0.058%	$169K	$123K	5x	as long as short
Lighter GRAM	+0.0160%	1h	1.4415	+0.095%	$2.3M	$2.9M	20x	as long as short
Aster GRAMUSDT	+0.0181%	4h	1.4422	+0.142%	$967K	$118K	50x	as long as short
BloFin GRAM-USDT	+0.0340%	4h	1.4400	−0.009%	$1.4M	$242K	50x	as long as short