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 0.000%

Price spread now: Phemex against SunX−0.103%7-day average −0.147% · you buy dearer than you sell

Net, funding: paid 7d − costs−$256as in the Funding arb table

Net, price: spread back to 7d avg − costs−$252as in the Price arb table

costs, in and out, $10k−$2562.562% of the position

Long on SunX Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 3 days (all we have)−0.033%−$3 · spread now −0.103%, 7d avg −0.147%

Together, before fees−0.033%−$3 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: Phemex is 0.044% dearer against SunX than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.147%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX GRAM-USDT	1.4595	0.0100	pay 0.0050% / 4h	2h 45m	$7K	$597K	10x
Short	Phemex GRAMUSDT	1.4580	0.0100	get 0.0050% / 4h	2h 45m	$1.6M	$1.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against SunX. 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 SunXbpFee PhemexbpOrdersPrice spread, now −0.103%Rate

Funding earned: $0
Price spread: −0.103% → −0.147%: $4.39
Slippage, 4 orders: −$236.17
Fee SunX: 4 bp × 2 orders: −$8
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$251.77
Costs to cover: 2.562%
Break-even: never at this rate

Slippage from SunX: live order book, 65 min ago; Phemex: live order book, 3 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 SunX live order book, 65 min ago	32.81 bp	50.9 bp −$51	doesn't fit	doesn't fit	doesn't fit
Sell Phemex live order book, 3 min ago	6.85 bp	65.7 bp −$66	doesn't fit	doesn't fit	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	−0.719%	$4K	$143K	12x	as long as short
Binance GRAMUSDT	+0.0100%	4h	1.4603	+0.058%	$20.6M	$27.6M	50x	as long as short
Bybit GRAMUSDT	+0.0100%	4h	1.4601	+0.041%	$31.1M	$14.0M	50x	as long as short
OKX GRAM-USDT-SWAP	+0.0100%	4h	1.4610	+0.103%	$8.7M	$8.7M	50x	as long as short
Gate GRAM_USDT	+0.0100%	4h	1.4605	+0.069%	$3.7M	$3.2M	75x	as long as short
MEXC GRAM_USDT	+0.0100%	4h	1.4590	−0.034%	$15.7M	$2.6M	20x	as long as short
KuCoin GRAMUSDTM	+0.0100%	4h	1.4600	+0.034%	$8.9M	$10.8M	50x	as long as short
Bitget GRAMUSDT	+0.0100%	4h	1.4606	+0.075%	$7.3M	$4.1M	50x	as long as short
edgeX GRAMUSDC	+0.0100%	4h	1.4585	−0.070%	$17K	$274K	10x	as long as short
ApeX Omni GRAMUSDT	+0.0100%	1h	1.4560	−0.240%	$14K	$604K	50x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_GRAM_USDC_mythos	+0.0100%	4h	1.4590	−0.034%	$2K	$1K	10x	as long as short
SunX GRAM-USDTlong	+0.0100%	4h	1.4595	long leg	$7K	$597K	10x
HTX GRAM-USDT	+0.0100%	4h	1.4622	+0.185%	$341K	$617K	30x	as long as short
Phemex GRAMUSDTshort	+0.0100%	4h	1.4580	−0.103%	$1.6M	$1.7M	20x
Paradex GRAM-USD-PERP	+0.0100%	8h	1.4603	+0.058%	$2K	$19	5x	as long as short
Extended GRAM-USD	+0.0104%	1h	1.4606	+0.074%	$170K	$123K	5x	as long as short
Hyperliquid GRAM	+0.0245%	1h	1.4624	+0.199%	$36.1M	$7.1M	5x	as long as short
BloFin GRAM-USDT	+0.0340%	4h	1.4570	−0.171%	$1.4M	$203K	50x	as long as short
Backpack GRAM_USDC_PERP	+0.0432%	1h	1.4608	+0.089%	$54K	$20K	10x	as long as short
Aster GRAMUSDT	+0.0496%	4h	1.4628	+0.225%	$985K	$124K	50x	as long as short
Lighter GRAM	+0.0776%	1h	1.4630	+0.242%	$2.6M	$2.4M	20x	as long as short