Funding arb · Price arb /

GRAM

all GRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0240%/8h= −26.3% APRpaid last 24h −0.072%

Price spread now: ApeX Omni against BloFin+0.069%103s7-day average +0.001% · you sell dearer than you buy

Net, funding: paid 7d − costs−$131as 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−$910.912% of the position

Long on BloFin Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days−0.397%−$40 on $10k

Price spread, last 3 days (all we have)−0.324%−$32 · spread now +0.069%, 7d avg +0.001%

Together, before fees−0.721%−$72 on $10k · with fees, hour by hour

The price spread pays, funding is against you. ApeX Omni is 0.068% dearer against BloFin than usual: you sell high and buy low (spread +0.069% now, against its 7-day average of +0.001%): +$7 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 23 hours. The two prices were read 103 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	BloFin GRAM-USDT	1.4510	0.0340	pay 0.0170% / 4h	2h 23m	$1.4M	$210K	50x
Short	ApeX Omni GRAMUSDT	1.4520	0.0100	get 0.0013% / 1h	23m 30s	$13K	$590K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against BloFin. 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 BloFinbpFee ApeX OmnibpOrdersPrice spread, now +0.069%Rate

Funding earned: −$50.4
Price spread: +0.069% → +0.001%: $6.78
Slippage, 4 orders: −$69.17
Fee BloFin: 6 bp × 2 orders: −$12
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$134.79
Costs to cover: 0.912%
Break-even: never at this rate

Slippage from BloFin: live order book, 4 min ago; ApeX Omni: live order book, 64 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 BloFin live order book, 4 min ago	3.44 bp	9.4 bp −$9	14.3 bp −$143	236.7 bp −$23.7K	doesn't fit
Sell ApeX Omni live order book, 64 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	+0.0097%	8h	1.4557	+0.323%	$2K	$30	5x	as long as short
Hyperliquid GRAM	+0.0100%	1h	1.4572	+0.427%	$35.9M	$6.9M	5x	as long as short
Binance GRAMUSDT	+0.0100%	4h	1.4550	+0.276%	$20.6M	$26.6M	50x	as long as short
Bybit GRAMUSDT	+0.0100%	4h	1.4556	+0.317%	$30.8M	$14.0M	50x	as long as short
OKX GRAM-USDT-SWAP	+0.0100%	4h	1.4550	+0.276%	$8.7M	$8.5M	50x	as long as short
Gate GRAM_USDT	+0.0100%	4h	1.4570	+0.414%	$3.7M	$3.3M	75x	as long as short
MEXC GRAM_USDT	+0.0100%	4h	1.4560	+0.345%	$15.5M	$2.8M	20x	as long as short
KuCoin GRAMUSDTM	+0.0100%	4h	1.4547	+0.255%	$8.6M	$11.0M	50x	as long as short
Bitget GRAMUSDT	+0.0100%	4h	1.4557	+0.324%	$7.2M	$3.9M	50x	as long as short
Backpack GRAM_USDC_PERP	+0.0100%	1h	1.4573	+0.434%	$46K	$13K	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	1.4498	−0.080%	$17K	$269K	10x	as long as short
ApeX Omni GRAMUSDTshort	+0.0100%	1h	1.4520	+0.069%	$13K	$590K	50x
Orderly PERP_GRAM_USDC_mythos	+0.0100%	4h	1.4560	+0.345%	$2K	$1K	10x	as long as short
SunX GRAM-USDT	+0.0100%	4h	1.4576	+0.455%	$6K	$588K	10x	as long as short
Phemex GRAMUSDT	+0.0100%	4h	1.4560	+0.345%	$1.6M	$1.7M	20x	as long as short
Extended GRAM-USD	+0.0104%	1h	1.4558	+0.331%	$150K	$103K	5x	as long as short
Injective GRAM/USDC PERP	+0.0132%	1h	1.4490	−0.138%	$4K	$143K	12x	as long as short
Aster GRAMUSDT	+0.0253%	4h	1.4590	+0.551%	$970K	$101K	50x	as long as short
BloFin GRAM-USDTlong	+0.0340%	4h	1.4510	long leg	$1.4M	$210K	50x
Lighter GRAM	+0.0824%	1h	1.4600	+0.617%	$2.8M	$2.5M	20x	as long as short
HTX GRAM-USDT	+0.1247%	4h	1.4601	+0.627%	$338K	$628K	30x	as long as short