Funding arb · Price arb /

GRAM

all GRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0240%/8h= +26.3% APRpaid last 24h +0.055%

Price spread now: BloFin against Backpack−0.140%7-day average — · you buy dearer than you sell

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

Long on Backpack Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.514%+$51 on $10k

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

Together, before fees—needs both histories

Funding pays, the price is against you. BloFin is 0.140% cheaper against Backpack than usual: you would sell low and buy high (spread −0.140% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$14 on $10k: about 47 hours of funding at the current rate (+$7 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack GRAM_USDC_PERP	1.4330	0.0100	pay 0.0013% / 1h	14m 44s	$53K	$15K	10x
Short	BloFin GRAM-USDT	1.4310	0.0340	get 0.0170% / 4h	14m 44s	$1.4M	$242K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Backpack. 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 BackpackbpFee BloFinbpOrdersPrice spread, now −0.140%Rate

Funding earned: $50.4
Price spread: −0.140% → 0.000%: −$13.96
Slippage, 4 orders: no order book: not counted
Fee Backpack: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: $14.44
Costs to cover: 0.220%
Break-even: 5.0 days

Slippage unknown: Backpack: no order-book sample; BloFin: live order book, 3 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 Backpack no order-book sample	—	—	—	—	—
Sell BloFin live order book, 3 min ago	6.98 bp	18.7 bp −$19	28.1 bp −$281	220.5 bp −$22.0K	doesn't fit

Backpack: 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	+1.117%	$4K	$143K	12x	as long as short
Lighter GRAM	+0.0096%	1h	1.4343	+0.093%	$2.3M	$2.9M	20x	as long as short
Binance GRAMUSDT	+0.0100%	4h	1.4334	+0.030%	$20.2M	$27.3M	50x	as long as short
Bybit GRAMUSDT	+0.0100%	4h	1.4323	−0.049%	$30.3M	$13.4M	50x	as long as short
OKX GRAM-USDT-SWAP	+0.0100%	4h	1.4330	0.000%	$8.5M	$8.0M	50x	as long as short
Gate GRAM_USDT	+0.0100%	4h	1.4333	+0.021%	$3.6M	$3.5M	75x	as long as short
MEXC GRAM_USDT	+0.0100%	4h	1.4330	0.000%	$16.3M	$2.7M	20x	as long as short
KuCoin GRAMUSDTM	+0.0100%	4h	1.4334	+0.028%	$8.8M	$10.0M	50x	as long as short
Bitget GRAMUSDT	+0.0100%	4h	1.4335	+0.035%	$7.0M	$4.0M	50x	as long as short
Backpack GRAM_USDC_PERPlong	+0.0100%	1h	1.4330	long leg	$53K	$15K	10x

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX GRAMUSDC	+0.0100%	4h	1.4314	−0.109%	$16K	$276K	10x	as long as short
ApeX Omni GRAMUSDT	+0.0100%	1h	1.4330	0.000%	$14K	$615K	50x	as long as short
Orderly PERP_GRAM_USDC_mythos	+0.0100%	4h	1.4330	0.000%	$2K	$1K	10x	as long as short
SunX GRAM-USDT	+0.0100%	4h	1.4346	+0.112%	$6K	$559K	10x	as long as short
HTX GRAM-USDT	+0.0100%	4h	1.4348	+0.126%	$304K	$639K	30x	as long as short
Phemex GRAMUSDT	+0.0100%	4h	1.4320	−0.070%	$1.5M	$1.7M	20x	as long as short
Paradex GRAM-USD-PERP	+0.0100%	8h	1.4334	+0.026%	$2K	$31	5x	as long as short
Extended GRAM-USD	+0.0104%	1h	1.4331	+0.007%	$168K	$122K	5x	as long as short
Hyperliquid GRAM	+0.0156%	1h	1.4336	+0.042%	$35.3M	$7.7M	5x	as long as short
Aster GRAMUSDT	+0.0224%	4h	1.4360	+0.209%	$968K	$124K	50x	as long as short
BloFin GRAM-USDTshort	+0.0340%	4h	1.4310	−0.140%	$1.4M	$242K	50x