Funding arb · Price arb /

GRAM

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.006%

Price spread now: Paradex against ApeX Omni+0.137%110s7-day average — · you sell dearer than you buy

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

Long on ApeX Omni Short on Paradex

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: Paradex is 0.137% dearer against ApeX Omni than usual: you sell high and buy low, +$14 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 110 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	1.4460	0.0100	pay 0.0013% / 1h	35m 43s	$14K	$607K	50x
Short	Paradex GRAM-USD-PERP	1.4480	0.0100	get 0.0100% / 8h	5h 35m	$2K	$19	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex 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 ParadexbpOrdersPrice spread, now +0.137%Rate

Funding earned: −$0.01
Price spread: +0.137% → 0.000%: $13.7
Slippage, 4 orders: no order book: not counted
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$0.31
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: ApeX Omni: live order book, 27 min ago; Paradex: no order-book sample. 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 ApeX Omni live order book, 27 min ago	13.80 bp	22.3 bp −$22	122.9 bp −$1,229	doesn't fit	doesn't fit
Sell Paradex no order-book sample	—	—	—	—	—

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	+0.207%	$4K	$143K	12x	as long as short
Paradex GRAM-USD-PERPshort	+0.0100%	8h	1.4480	+0.137%	$2K	$19	5x
Binance GRAMUSDT	+0.0100%	4h	1.4483	+0.162%	$20.7M	$28.1M	50x	as long as short
Bybit GRAMUSDT	+0.0100%	4h	1.4470	+0.069%	$30.7M	$13.8M	50x	as long as short
OKX GRAM-USDT-SWAP	+0.0100%	4h	1.4480	+0.138%	$8.7M	$8.6M	50x	as long as short
Gate GRAM_USDT	+0.0100%	4h	1.4482	+0.152%	$3.7M	$3.3M	75x	as long as short
MEXC GRAM_USDT	+0.0100%	4h	1.4470	+0.069%	$15.2M	$2.6M	20x	as long as short
KuCoin GRAMUSDTM	+0.0100%	4h	1.4480	+0.138%	$8.8M	$10.5M	50x	as long as short
Bitget GRAMUSDT	+0.0100%	4h	1.4481	+0.145%	$7.2M	$4.1M	50x	as long as short
Backpack GRAM_USDC_PERP	+0.0100%	1h	1.4494	+0.235%	$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	1.4460	+0.003%	$17K	$272K	10x	as long as short
ApeX Omni GRAMUSDTlong	+0.0100%	1h	1.4460	long leg	$14K	$607K	50x
Orderly PERP_GRAM_USDC_mythos	+0.0100%	4h	1.4480	+0.138%	$2K	$1K	10x	as long as short
SunX GRAM-USDT	+0.0100%	4h	1.4490	+0.207%	$6K	$598K	10x	as long as short
HTX GRAM-USDT	+0.0100%	4h	1.4492	+0.221%	$338K	$619K	30x	as long as short
Phemex GRAMUSDT	+0.0100%	4h	1.4480	+0.138%	$1.5M	$1.8M	20x	as long as short
Extended GRAM-USD	+0.0104%	1h	1.4480	+0.141%	$169K	$123K	5x	as long as short
Hyperliquid GRAM	+0.0297%	1h	1.4493	+0.228%	$35.8M	$7.3M	5x	as long as short
BloFin GRAM-USDT	+0.0340%	4h	1.4450	−0.069%	$1.4M	$203K	50x	as long as short
Aster GRAMUSDT	+0.0348%	4h	1.4498	+0.261%	$972K	$126K	50x	as long as short
Lighter GRAM	+0.0784%	1h	1.4503	+0.297%	$2.6M	$2.4M	20x	as long as short