Funding arb · Price arb /

GRAM

all GRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0240%/8h= +26.3% APRpaid last 24h +0.072%

Price spread now: BloFin against ApeX Omni+0.139%7-day average −0.004% · you sell dearer than you buy

Net, funding: paid 7d − costs−$45as in the Funding arb table

Net, price: spread back to 7d avg − costs−$70as in the Price arb table

costs, in and out, $10k−$840.843% of the position

Long on ApeX Omni Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.397%+$40 on $10k

Price spread, last 4 days (all we have)+0.116%+$12 · spread now +0.139%, 7d avg −0.004%

Together, before fees+0.513%+$51 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and BloFin is 0.143% dearer against ApeX Omni than usual: you sell high and buy low: +$14 more if the spread goes back to its 7-day average of −0.004%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni GRAMUSDT	1.4350	0.0100	pay 0.0013% / 1h	57m 59s	$14K	$615K	50x
Short	BloFin GRAM-USDT	1.4370	0.0340	get 0.0170% / 4h	3h 57m	$1.4M	$231K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.139%Rate

Funding earned: $50.4
Price spread: +0.139% → −0.004%: $14.29
Slippage, 4 orders: −$62.34
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$19.65
Costs to cover: 0.843%
Break-even: 9.7 days

Slippage from ApeX Omni: live order book, 60 min ago; BloFin: live order book, 5 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, 60 min ago	13.85 bp	22.3 bp −$22	110.1 bp −$1,101	doesn't fit	doesn't fit
Sell BloFin live order book, 5 min ago	6.96 bp	24.2 bp −$24	34.4 bp −$344	192.0 bp −$19.2K	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	+0.976%	$4K	$143K	12x	as long as short
Paradex GRAM-USD-PERP	+0.0098%	8h	1.4372	+0.154%	$2K	$19	5x	as long as short
Binance GRAMUSDT	+0.0100%	4h	1.4374	+0.167%	$20.3M	$28.8M	50x	as long as short
Bybit GRAMUSDT	+0.0100%	4h	1.4370	+0.139%	$30.3M	$14.2M	50x	as long as short
OKX GRAM-USDT-SWAP	+0.0100%	4h	1.4370	+0.139%	$8.6M	$8.7M	50x	as long as short
Gate GRAM_USDT	+0.0100%	4h	1.4368	+0.125%	$3.6M	$3.4M	75x	as long as short
MEXC GRAM_USDT	+0.0100%	4h	1.4360	+0.070%	$16.1M	$2.7M	20x	as long as short
KuCoin GRAMUSDTM	+0.0100%	4h	1.4370	+0.139%	$8.9M	$10.4M	50x	as long as short
Bitget GRAMUSDT	+0.0100%	4h	1.4374	+0.167%	$7.1M	$4.2M	50x	as long as short
edgeX GRAMUSDC	+0.0100%	4h	1.4358	+0.056%	$17K	$275K	10x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
ApeX Omni GRAMUSDTlong	+0.0100%	1h	1.4350	long leg	$14K	$615K	50x
Orderly PERP_GRAM_USDC_mythos	+0.0100%	4h	1.4360	+0.070%	$2K	$1K	10x	as long as short
SunX GRAM-USDT	+0.0100%	4h	1.4387	+0.258%	$6K	$612K	10x	as long as short
HTX GRAM-USDT	+0.0100%	4h	1.4396	+0.321%	$326K	$677K	30x	as long as short
Phemex GRAMUSDT	+0.0100%	4h	1.4360	+0.070%	$1.5M	$1.8M	20x	as long as short
Aster GRAMUSDT	+0.0101%	4h	1.4385	+0.244%	$964K	$127K	50x	as long as short
Extended GRAM-USD	+0.0104%	1h	1.4362	+0.082%	$168K	$123K	5x	as long as short
Lighter GRAM	+0.0208%	1h	1.4382	+0.224%	$2.3M	$2.9M	20x	as long as short
BloFin GRAM-USDTshort	+0.0340%	4h	1.4370	+0.139%	$1.4M	$231K	50x
Hyperliquid GRAM	+0.0374%	1h	1.4383	+0.230%	$35.3M	$7.3M	5x	as long as short
Backpack GRAM_USDC_PERP	+0.0497%	1h	1.4377	+0.188%	$53K	$16K	10x	as long as short