Funding arb · Price arb /

GRAM

all GRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.003%

Price spread now: Backpack against Gate+0.014%7-day average — · you sell dearer than you buy

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

Long on Gate 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

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate GRAM_USDT	1.4474	0.0100	pay 0.0050% / 4h	1h 03m	$3.7M	$3.2M	75x
Short	Backpack GRAM_USDC_PERP	1.4476	0.0100	get 0.0013% / 1h	3m 11s	$43K	$15K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack 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 BackpackbpOrdersPrice spread, now +0.014%Rate

Funding earned: $0
Price spread: +0.014% → 0.000%: $1.38
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$23.62
Costs to cover: 0.250%
Break-even: never at this rate

Slippage unknown: Gate: live order book, 5 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 Gate live order book, 5 min ago	3.81 bp	14.4 bp −$14	89.9 bp −$899	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	−0.0387%	1h	1.4490	+0.111%	$4K	$143K	12x	as long as short
Paradex GRAM-USD-PERP	+0.0100%	8h	1.4467	−0.048%	$2K	$30	5x	as long as short
Hyperliquid GRAM	+0.0100%	1h	1.4483	+0.062%	$35.6M	$7.0M	5x	as long as short
Binance GRAMUSDT	+0.0100%	4h	1.4475	+0.006%	$20.5M	$26.9M	50x	as long as short
Bybit GRAMUSDT	+0.0100%	4h	1.4471	−0.021%	$30.7M	$14.0M	50x	as long as short
OKX GRAM-USDT-SWAP	+0.0100%	4h	1.4460	−0.097%	$8.6M	$8.5M	50x	as long as short
Gate GRAM_USDTlong	+0.0100%	4h	1.4474	long leg	$3.7M	$3.2M	75x
MEXC GRAM_USDT	+0.0100%	4h	1.4470	−0.028%	$15.4M	$2.8M	20x	as long as short
KuCoin GRAMUSDTM	+0.0100%	4h	1.4472	−0.014%	$9.0M	$11.0M	50x	as long as short
Bitget GRAMUSDT	+0.0100%	4h	1.4473	−0.007%	$7.1M	$3.8M	50x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Backpack GRAM_USDC_PERPshort	+0.0100%	1h	1.4476	+0.014%	$43K	$15K	10x
edgeX GRAMUSDC	+0.0100%	4h	1.4461	−0.093%	$17K	$272K	10x	as long as short
ApeX Omni GRAMUSDT	+0.0100%	1h	1.4450	−0.166%	$13K	$591K	50x	as long as short
Orderly PERP_GRAM_USDC_mythos	+0.0100%	4h	1.4480	+0.041%	$2K	$1K	10x	as long as short
SunX GRAM-USDT	+0.0100%	4h	1.4487	+0.090%	$7K	$594K	10x	as long as short
Phemex GRAMUSDT	+0.0100%	4h	1.4470	−0.028%	$1.6M	$1.7M	20x	as long as short
Extended GRAM-USD	+0.0104%	1h	1.4476	+0.017%	$169K	$123K	5x	as long as short
Aster GRAMUSDT	+0.0155%	4h	1.4480	+0.041%	$964K	$99K	50x	as long as short
BloFin GRAM-USDT	+0.0340%	4h	1.4470	−0.028%	$1.4M	$215K	50x	as long as short
HTX GRAM-USDT	+0.0345%	4h	1.4497	+0.159%	$335K	$628K	30x	as long as short
Lighter GRAM	+0.0544%	1h	1.4501	+0.183%	$2.7M	$2.3M	20x	as long as short