Funding arb · Price arb /

GRAM

all GRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0307%/8h= −33.6% APRpaid last 24h −0.115%

Price spread now: Injective against BloFin−0.753%7-day average −0.031% · you buy dearer than you sell

Net, funding: paid 7d − costs−$166as in the Funding arb table

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

costs, in and out, $10k−$1081.077% of the position

Long on BloFin Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days−0.584%−$58 on $10k

Price spread, last 3 days (all we have)+0.154%+$15 · spread now −0.753%, 7d avg −0.031%

Together, before fees−0.429%−$43 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and Injective is 0.722% cheaper against BloFin than usual: you would sell low and buy high (−$72 if the spread goes back to its 7-day average of −0.031%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin GRAM-USDT	1.4600	0.0340	pay 0.0170% / 4h	3h 14m	$1.4M	$204K	50x
Short	Injective GRAM/USDC PERP	1.4490	0.0033	get 0.0004% / 1h	14m 15s	$4K	$143K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now −0.753%Rate

Funding earned: −$64.4
Price spread: −0.753% → −0.031%: −$72.21
Slippage, 4 orders: −$95.65
Fee BloFin: 6 bp × 2 orders: −$12
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$244.28
Costs to cover: 1.077%
Break-even: never at this rate

Slippage from BloFin: live order book, 3 min ago; Injective: live order book, 40 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, 3 min ago	3.43 bp	9.4 bp −$9	21.9 bp −$219	202.0 bp −$20.2K	doesn't fit
Sell Injective live order book, 40 min ago	27.68 bp	27.7 bp −$28	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 PERPshort	+0.0033%	1h	1.4490	−0.753%	$4K	$143K	12x
Paradex GRAM-USD-PERP	+0.0100%	8h	1.4603	+0.020%	$2K	$19	5x	as long as short
Binance GRAMUSDT	+0.0100%	4h	1.4603	+0.023%	$20.6M	$27.1M	50x	as long as short
Bybit GRAMUSDT	+0.0100%	4h	1.4608	+0.055%	$31.1M	$13.8M	50x	as long as short
OKX GRAM-USDT-SWAP	+0.0100%	4h	1.4600	0.000%	$8.6M	$8.5M	50x	as long as short
Gate GRAM_USDT	+0.0100%	4h	1.4607	+0.048%	$3.7M	$3.2M	75x	as long as short
MEXC GRAM_USDT	+0.0100%	4h	1.4600	0.000%	$15.6M	$2.7M	20x	as long as short
KuCoin GRAMUSDTM	+0.0100%	4h	1.4606	+0.041%	$9.0M	$10.8M	50x	as long as short
Bitget GRAMUSDT	+0.0100%	4h	1.4605	+0.034%	$7.3M	$3.9M	50x	as long as short
edgeX GRAMUSDC	+0.0100%	4h	1.4555	−0.311%	$17K	$273K	10x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
ApeX Omni GRAMUSDT	+0.0100%	1h	1.4550	−0.342%	$14K	$601K	50x	as long as short
Orderly PERP_GRAM_USDC_mythos	+0.0100%	4h	1.4600	0.000%	$2K	$1K	10x	as long as short
SunX GRAM-USDT	+0.0100%	4h	1.4627	+0.185%	$7K	$591K	10x	as long as short
Phemex GRAMUSDT	+0.0100%	4h	1.4600	0.000%	$1.6M	$1.7M	20x	as long as short
Extended GRAM-USD	+0.0104%	1h	1.4601	+0.006%	$170K	$123K	5x	as long as short
HTX GRAM-USDT	+0.0116%	4h	1.4598	−0.014%	$341K	$623K	30x	as long as short
Backpack GRAM_USDC_PERP	+0.0169%	1h	1.4612	+0.082%	$54K	$20K	10x	as long as short
Hyperliquid GRAM	+0.0194%	1h	1.4627	+0.185%	$36.0M	$7.0M	5x	as long as short
BloFin GRAM-USDTlong	+0.0340%	4h	1.4600	long leg	$1.4M	$204K	50x
Aster GRAMUSDT	+0.0350%	4h	1.4610	+0.068%	$984K	$114K	50x	as long as short
Lighter GRAM	+0.0432%	1h	1.4629	+0.201%	$2.6M	$2.4M	20x	as long as short