Funding arb · Price arb /

GRAM

all GRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Bitget against ApeX Omni+0.041%73s7-day average +0.020% · you sell dearer than you buy

Net, funding: paid 7d − costs−$73as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$720.723% of the position

Long on ApeX Omni Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.010%−$1 on $10k

Price spread, last 3 days (all we have)−0.023%−$2 · spread now +0.041%, 7d avg +0.020%

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: Bitget is 0.021% dearer against ApeX Omni than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of +0.020%. The two prices were read 73 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni GRAMUSDT	1.4530	0.0100	pay 0.0013% / 1h	40m 24s	$13K	$588K	50x
Short	Bitget GRAMUSDT	1.4536	0.0100	get 0.0050% / 4h	1h 40m	$7.2M	$3.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against ApeX Omni. 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 ApeX OmnibpFee BitgetbpOrdersPrice spread, now +0.041%Rate

Funding earned: $0
Price spread: +0.041% → +0.020%: $2.11
Slippage, 4 orders: −$50.29
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$70.18
Costs to cover: 0.723%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 42 min ago; Bitget: 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 ApeX Omni live order book, 42 min ago	13.74 bp	22.1 bp −$22	118.0 bp −$1,180	doesn't fit	doesn't fit
Sell Bitget live order book, 3 min ago	3.45 bp	12.0 bp −$12	18.3 bp −$183	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	−0.0387%	1h	1.4490	−0.275%	$4K	$143K	12x	as long as short
Paradex GRAM-USD-PERP	+0.0099%	8h	1.4530	0.000%	$2K	$30	5x	as long as short
Binance GRAMUSDT	+0.0100%	4h	1.4533	+0.023%	$20.6M	$26.7M	50x	as long as short
Bybit GRAMUSDT	+0.0100%	4h	1.4527	−0.021%	$30.7M	$14.0M	50x	as long as short
OKX GRAM-USDT-SWAP	+0.0100%	4h	1.4530	0.000%	$8.7M	$8.5M	50x	as long as short
Gate GRAM_USDT	+0.0100%	4h	1.4538	+0.055%	$3.7M	$3.2M	75x	as long as short
MEXC GRAM_USDT	+0.0100%	4h	1.4530	0.000%	$15.5M	$2.8M	20x	as long as short
KuCoin GRAMUSDTM	+0.0100%	4h	1.4529	−0.007%	$8.6M	$10.9M	50x	as long as short
Bitget GRAMUSDTshort	+0.0100%	4h	1.4536	+0.041%	$7.2M	$3.9M	50x
Backpack GRAM_USDC_PERP	+0.0100%	1h	1.4538	+0.055%	$46K	$13K	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	1.4498	−0.220%	$17K	$270K	10x	as long as short
ApeX Omni GRAMUSDTlong	+0.0100%	1h	1.4530	long leg	$13K	$588K	50x
Orderly PERP_GRAM_USDC_mythos	+0.0100%	4h	1.4530	0.000%	$2K	$1K	10x	as long as short
SunX GRAM-USDT	+0.0100%	4h	1.4546	+0.110%	$7K	$590K	10x	as long as short
Phemex GRAMUSDT	+0.0100%	4h	1.4530	0.000%	$1.6M	$1.7M	20x	as long as short
Extended GRAM-USD	+0.0104%	1h	1.4530	−0.001%	$169K	$123K	5x	as long as short
Aster GRAMUSDT	+0.0241%	4h	1.4555	+0.172%	$968K	$98K	50x	as long as short
BloFin GRAM-USDT	+0.0340%	4h	1.4510	−0.138%	$1.4M	$211K	50x	as long as short
Hyperliquid GRAM	+0.0357%	1h	1.4549	+0.131%	$35.9M	$6.9M	5x	as long as short
HTX GRAM-USDT	+0.0628%	4h	1.4580	+0.344%	$337K	$621K	30x	as long as short
Lighter GRAM	+0.0696%	1h	1.4565	+0.240%	$2.7M	$2.3M	20x	as long as short