Funding arb · Price arb /

GRAM

all GRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0295%/8h= +32.3% APRpaid last 24h +0.004%

Price spread now: Backpack against Bitget+0.103%7-day average — · you sell dearer than you buy

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

Long on Bitget Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

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

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and Backpack is 0.103% dearer against Bitget than usual: you sell high and buy low: +$10 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget GRAMUSDT	1.4510	0.0100	pay 0.0050% / 4h	2h 51m	$7.3M	$4.1M	50x
Short	Backpack GRAM_USDC_PERP	1.4525	0.0395	get 0.0049% / 1h	51m 25s	$54K	$20K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against Bitget. 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 BitgetbpFee BackpackbpOrdersPrice spread, now +0.103%Rate

Funding earned: $61.95
Price spread: +0.103% → 0.000%: $10.34
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee Backpack: 5 bp × 2 orders: −$10
Net: $50.29
Costs to cover: 0.220%
Break-even: 1.3 days

Slippage unknown: Bitget: live order book, 2 min ago; Backpack: 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 Bitget live order book, 2 min ago	3.10 bp	12.0 bp −$12	15.1 bp −$151	doesn't fit	doesn't fit
Sell Backpack no order-book sample	—	—	—	—	—

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	−0.138%	$4K	$143K	12x	as long as short
Binance GRAMUSDT	+0.0100%	4h	1.4512	+0.012%	$20.5M	$27.5M	50x	as long as short
Bybit GRAMUSDT	+0.0100%	4h	1.4507	−0.021%	$30.9M	$14.0M	50x	as long as short
OKX GRAM-USDT-SWAP	+0.0100%	4h	1.4510	0.000%	$8.6M	$8.6M	50x	as long as short
Gate GRAM_USDT	+0.0100%	4h	1.4515	+0.034%	$3.7M	$3.2M	75x	as long as short
MEXC GRAM_USDT	+0.0100%	4h	1.4500	−0.069%	$15.6M	$2.6M	20x	as long as short
KuCoin GRAMUSDTM	+0.0100%	4h	1.4506	−0.028%	$8.8M	$10.8M	50x	as long as short
Bitget GRAMUSDTlong	+0.0100%	4h	1.4510	long leg	$7.3M	$4.1M	50x
edgeX GRAMUSDC	+0.0100%	4h	1.4488	−0.152%	$17K	$272K	10x	as long as short
ApeX Omni GRAMUSDT	+0.0100%	1h	1.4520	+0.069%	$14K	$604K	50x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_GRAM_USDC_mythos	+0.0100%	4h	1.4520	+0.069%	$2K	$1K	10x	as long as short
SunX GRAM-USDT	+0.0100%	4h	1.4506	−0.028%	$7K	$596K	10x	as long as short
HTX GRAM-USDT	+0.0100%	4h	1.4503	−0.048%	$338K	$625K	30x	as long as short
Phemex GRAMUSDT	+0.0100%	4h	1.4520	+0.069%	$1.6M	$1.7M	20x	as long as short
Paradex GRAM-USD-PERP	+0.0100%	8h	1.4503	−0.048%	$2K	$19	5x	as long as short
Extended GRAM-USD	+0.0104%	1h	1.4506	−0.025%	$169K	$123K	5x	as long as short
Hyperliquid GRAM	+0.0196%	1h	1.4519	+0.062%	$35.7M	$7.0M	5x	as long as short
BloFin GRAM-USDT	+0.0340%	4h	1.4500	−0.069%	$1.4M	$199K	50x	as long as short
Backpack GRAM_USDC_PERPshort	+0.0395%	1h	1.4525	+0.103%	$54K	$20K	10x
Aster GRAMUSDT	+0.0473%	4h	1.4512	+0.014%	$977K	$119K	50x	as long as short
Lighter GRAM	+0.0744%	1h	1.4533	+0.159%	$2.6M	$2.4M	20x	as long as short