Funding arb · Price arb /

GRAM

all GRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: ApeX Omni against Gate+0.111%81s7-day average −0.032% · you sell dearer than you buy

Net, funding: paid 7d − costs−$64as 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−$760.762% of the position

Long on Gate Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.124%+$12 on $10k

Price spread, last 4 days (all we have)−0.140%−$14 · spread now +0.111%, 7d avg −0.032%

Together, before fees−0.016%−$2 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 0.144% dearer against Gate than usual: you sell high and buy low, +$14 on $10k if it goes back to its 7-day average of −0.032%. The two prices were read 81 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	Gate GRAM_USDT	1.4354	0.0100	pay 0.0050% / 4h	2h 40m	$3.5M	$3.4M	75x
Short	ApeX Omni GRAMUSDT	1.4370	0.0100	get 0.0013% / 1h	40m 03s	$14K	$618K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Gate. 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 GatebpFee ApeX OmnibpOrdersPrice spread, now +0.111%Rate

Funding earned: $0
Price spread: +0.111% → −0.032%: $14.39
Slippage, 4 orders: −$51.22
Fee Gate: 7.5 bp × 2 orders: −$15
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$61.84
Costs to cover: 0.762%
Break-even: never at this rate

Slippage from Gate: live order book, 3 min ago; ApeX Omni: live order book, 8 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 Gate live order book, 3 min ago	4.18 bp	13.5 bp −$13	52.9 bp −$529	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 8 min ago	13.89 bp	23.4 bp −$23	151.7 bp −$1,517	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	+0.947%	$4K	$143K	12x	as long as short
Lighter GRAM	+0.0096%	1h	1.4369	+0.107%	$2.3M	$2.9M	20x	as long as short
Binance GRAMUSDT	+0.0100%	4h	1.4350	−0.028%	$20.3M	$27.5M	50x	as long as short
Bybit GRAMUSDT	+0.0100%	4h	1.4345	−0.063%	$30.3M	$13.6M	50x	as long as short
OKX GRAM-USDT-SWAP	+0.0100%	4h	1.4350	−0.028%	$8.6M	$8.1M	50x	as long as short
Gate GRAM_USDTlong	+0.0100%	4h	1.4354	long leg	$3.5M	$3.4M	75x
MEXC GRAM_USDT	+0.0100%	4h	1.4350	−0.028%	$16.5M	$2.6M	20x	as long as short
KuCoin GRAMUSDTM	+0.0100%	4h	1.4357	+0.021%	$9.2M	$10.1M	50x	as long as short
Bitget GRAMUSDT	+0.0100%	4h	1.4355	+0.007%	$7.1M	$4.0M	50x	as long as short
edgeX GRAMUSDC	+0.0100%	4h	1.4358	+0.026%	$17K	$274K	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 GRAMUSDTshort	+0.0100%	1h	1.4370	+0.111%	$14K	$618K	50x
Orderly PERP_GRAM_USDC_mythos	+0.0100%	4h	1.4360	+0.042%	$2K	$1K	10x	as long as short
SunX GRAM-USDT	+0.0100%	4h	1.4376	+0.153%	$6K	$561K	10x	as long as short
HTX GRAM-USDT	+0.0100%	4h	1.4391	+0.258%	$330K	$584K	30x	as long as short
Phemex GRAMUSDT	+0.0100%	4h	1.4360	+0.042%	$1.5M	$1.8M	20x	as long as short
Paradex GRAM-USD-PERP	+0.0100%	8h	1.4352	−0.011%	$2K	$19	5x	as long as short
Extended GRAM-USD	+0.0104%	1h	1.4351	−0.022%	$168K	$123K	5x	as long as short
Aster GRAMUSDT	+0.0214%	4h	1.4374	+0.139%	$964K	$120K	50x	as long as short
BloFin GRAM-USDT	+0.0340%	4h	1.4360	+0.042%	$1.4M	$237K	50x	as long as short
Hyperliquid GRAM	+0.0416%	1h	1.4376	+0.153%	$35.4M	$7.6M	5x	as long as short
Backpack GRAM_USDC_PERP	+0.0486%	1h	1.4359	+0.035%	$53K	$16K	10x	as long as short