Funding arb · Price arb /

GRAM

all GRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.004%

Price spread now: Phemex against Binance−0.070%7-day average −0.010% · you buy dearer than you sell

Net, funding: paid 7d − costs−$168as in the Funding arb table

Net, price: spread back to 7d avg − costs−$180as in the Price arb table

costs, in and out, $10k−$1741.745% of the position

Long on Binance Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days+0.067%+$7 on $10k

Price spread, last 4 days (all we have)+0.332%+$33 · spread now −0.070%, 7d avg −0.010%

Together, before fees+0.399%+$40 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: Phemex is 0.059% cheaper against Binance than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of −0.010%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance GRAMUSDT	1.4360	0.0100	pay 0.0050% / 4h	1m 40s	$20.3M	$28.8M	50x
Short	Phemex GRAMUSDT	1.4350	0.0100	get 0.0050% / 4h	1m 40s	$1.5M	$1.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex 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 PhemexbpOrdersPrice spread, now −0.070%Rate

Funding earned: $0
Price spread: −0.070% → −0.010%: −$5.92
Slippage, 4 orders: −$152.47
Fee Binance: 5 bp × 2 orders: −$10
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$180.39
Costs to cover: 1.745%
Break-even: never at this rate

Slippage from Binance: live order book, 10 min ago; Phemex: live order book, 2 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, 10 min ago	3.47 bp	8.5 bp −$8	26.9 bp −$269	380.9 bp −$38.1K	doesn't fit
Sell Phemex live order book, 2 min ago	17.43 bp	69.1 bp −$69	doesn't fit	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	+0.0033%	1h	1.4490	+0.905%	$4K	$143K	12x	as long as short
Lighter GRAM	+0.0096%	1h	1.4367	+0.051%	$2.3M	$2.9M	20x	as long as short
Paradex GRAM-USD-PERP	+0.0098%	8h	1.4352	−0.058%	$2K	$19	5x	as long as short
Hyperliquid GRAM	+0.0100%	1h	1.4369	+0.063%	$35.3M	$7.3M	5x	as long as short
Binance GRAMUSDTlong	+0.0100%	4h	1.4360	long leg	$20.3M	$28.8M	50x
Bybit GRAMUSDT	+0.0100%	4h	1.4361	+0.007%	$30.3M	$14.2M	50x	as long as short
OKX GRAM-USDT-SWAP	+0.0100%	4h	1.4360	0.000%	$8.6M	$8.7M	50x	as long as short
Gate GRAM_USDT	+0.0100%	4h	1.4359	−0.007%	$3.6M	$3.6M	75x	as long as short
MEXC GRAM_USDT	+0.0100%	4h	1.4360	0.000%	$15.7M	$2.7M	20x	as long as short
KuCoin GRAMUSDTM	+0.0100%	4h	1.4361	+0.007%	$8.9M	$10.4M	50x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget GRAMUSDT	+0.0100%	4h	1.4361	+0.007%	$7.1M	$4.2M	50x	as long as short
edgeX GRAMUSDC	+0.0100%	4h	1.4366	+0.039%	$17K	$274K	10x	as long as short
ApeX Omni GRAMUSDT	+0.0100%	1h	1.4350	−0.070%	$14K	$615K	50x	as long as short
Orderly PERP_GRAM_USDC_mythos	+0.0100%	4h	1.4350	−0.070%	$2K	$1K	10x	as long as short
SunX GRAM-USDT	+0.0100%	4h	1.4357	−0.021%	$6K	$612K	10x	as long as short
HTX GRAM-USDT	+0.0100%	4h	1.4378	+0.125%	$326K	$677K	30x	as long as short
Phemex GRAMUSDTshort	+0.0100%	4h	1.4350	−0.070%	$1.5M	$1.8M	20x
Extended GRAM-USD	+0.0104%	1h	1.4356	−0.029%	$168K	$123K	5x	as long as short
Aster GRAMUSDT	+0.0109%	4h	1.4355	−0.036%	$962K	$127K	50x	as long as short
Backpack GRAM_USDC_PERP	+0.0266%	1h	1.4359	−0.007%	$53K	$16K	10x	as long as short
BloFin GRAM-USDT	+0.0340%	4h	1.4330	−0.209%	$1.4M	$231K	50x	as long as short