Funding arb · Price arb /

GRAM

all GRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.004%

Price spread now: ApeX Omni against Binance−0.043%89s7-day average −0.015% · you buy dearer than you sell

Net, funding: paid 7d − costs−$59as 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−$660.662% of the position

Long on Binance Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.074%+$7 on $10k

Price spread, last 3 days (all we have)+0.113%+$11 · spread now −0.043%, 7d avg −0.015%

Together, before fees+0.187%+$19 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: ApeX Omni is 0.028% cheaper against Binance than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.015%. The two prices were read 89 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	Binance GRAMUSDT	1.4566	0.0100	pay 0.0050% / 4h	2h 34m	$20.9M	$25.9M	50x
Short	ApeX Omni GRAMUSDT	1.4560	0.0100	get 0.0013% / 1h	34m 11s	$14K	$588K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Binance. 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 BinancebpFee ApeX OmnibpOrdersPrice spread, now −0.043%Rate

Funding earned: $0
Price spread: −0.043% → −0.015%: −$2.8
Slippage, 4 orders: −$46.21
Fee Binance: 5 bp × 2 orders: −$10
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$69.02
Costs to cover: 0.662%
Break-even: never at this rate

Slippage from Binance: live order book, 7 min ago; ApeX Omni: live order book, 53 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 Binance live order book, 7 min ago	3.45 bp	13.0 bp −$13	28.4 bp −$284	251.0 bp −$25.1K	doesn't fit
Sell ApeX Omni live order book, 53 min ago	13.69 bp	23.0 bp −$23	115.6 bp −$1,156	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
Paradex GRAM-USD-PERP	+0.0100%	8h	1.4564	−0.017%	$2K	$30	5x	as long as short
Hyperliquid GRAM	+0.0100%	1h	1.4588	+0.149%	$36.0M	$6.9M	5x	as long as short
Binance GRAMUSDTlong	+0.0100%	4h	1.4566	long leg	$20.9M	$25.9M	50x
Bybit GRAMUSDT	+0.0100%	4h	1.4570	+0.026%	$30.7M	$13.8M	50x	as long as short
OKX GRAM-USDT-SWAP	+0.0100%	4h	1.4560	−0.043%	$8.7M	$8.4M	50x	as long as short
Gate GRAM_USDT	+0.0100%	4h	1.4566	−0.002%	$3.7M	$3.2M	75x	as long as short
MEXC GRAM_USDT	+0.0100%	4h	1.4560	−0.043%	$15.5M	$2.8M	20x	as long as short
KuCoin GRAMUSDTM	+0.0100%	4h	1.4560	−0.043%	$8.7M	$10.9M	50x	as long as short
Bitget GRAMUSDT	+0.0100%	4h	1.4566	−0.002%	$7.2M	$3.8M	50x	as long as short
Backpack GRAM_USDC_PERP	+0.0100%	1h	1.4580	+0.094%	$44K	$12K	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	1.4526	−0.276%	$17K	$270K	10x	as long as short
ApeX Omni GRAMUSDTshort	+0.0100%	1h	1.4560	−0.043%	$14K	$588K	50x
Orderly PERP_GRAM_USDC_mythos	+0.0100%	4h	1.4570	+0.026%	$2K	$1K	10x	as long as short
SunX GRAM-USDT	+0.0100%	4h	1.4576	+0.067%	$7K	$573K	10x	as long as short
Phemex GRAMUSDT	+0.0100%	4h	1.4570	+0.026%	$1.6M	$1.7M	20x	as long as short
Extended GRAM-USD	+0.0104%	1h	1.4568	+0.015%	$150K	$103K	5x	as long as short
Injective GRAM/USDC PERP	+0.0132%	1h	1.4540	−0.180%	$4K	$121K	12x	as long as short
Aster GRAMUSDT	+0.0258%	4h	1.4572	+0.039%	$969K	$100K	50x	as long as short
BloFin GRAM-USDT	+0.0340%	4h	1.4550	−0.112%	$1.4M	$210K	50x	as long as short
Lighter GRAM	+0.0872%	1h	1.4604	+0.256%	$2.8M	$2.5M	20x	as long as short
HTX GRAM-USDT	+0.1444%	4h	1.4612	+0.314%	$339K	$627K	30x	as long as short