Funding arb · Price arb /

GRAM

all GRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.008%

Price spread now: MEXC against HTX−0.112%50s7-day average −0.263% · you buy dearer than you sell

Net, funding: paid 7d − costs−$89as 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−$510.508% of the position

Long on HTX Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.384%−$38 on $10k

Price spread, last 4 days (all we have)−0.417%−$42 · spread now −0.112%, 7d avg −0.263%

Together, before fees−0.801%−$80 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: MEXC is 0.152% dearer against HTX than usual: you sell high and buy low, +$15 on $10k if it goes back to its 7-day average of −0.263%. The two prices were read 50 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	HTX GRAM-USDT	1.4306	0.0100	pay 0.0050% / 4h	2h 21m	$299K	$567K	30x
Short	MEXC GRAM_USDT	1.4290	0.0100	get 0.0050% / 4h	2h 21m	$15.9M	$2.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against HTX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 HTXbpFee MEXCbpOrdersPrice spread, now −0.112%Rate

Funding earned: $0
Price spread: −0.112% → −0.263%: $15.16
Slippage, 4 orders: −$34.81
Fee HTX: 6 bp × 2 orders: −$12
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$35.66
Costs to cover: 0.508%
Break-even: never at this rate

Slippage from HTX: live order book, 30 min ago; MEXC: live order book, 5 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 HTX live order book, 30 min ago	12.59 bp	19.4 bp −$19	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 5 min ago	3.50 bp	5.5 bp −$5	14.9 bp −$149	73.7 bp −$7,372	354.3 bp −$177.1K

GRAM on 21 exchanges

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	+1.286%	$4K	$143K	12x	as long as short
Binance GRAMUSDT	+0.0100%	4h	1.4283	−0.158%	$20.2M	$26.0M	50x	as long as short
Bybit GRAMUSDT	+0.0100%	4h	1.4280	−0.182%	$30.3M	$12.7M	50x	as long as short
OKX GRAM-USDT-SWAP	+0.0100%	4h	1.4290	−0.112%	$8.5M	$7.6M	50x	as long as short
Gate GRAM_USDT	+0.0100%	4h	1.4286	−0.140%	$3.6M	$3.3M	75x	as long as short
MEXC GRAM_USDTshort	+0.0100%	4h	1.4290	−0.112%	$15.9M	$2.7M	20x
KuCoin GRAMUSDTM	+0.0100%	4h	1.4297	−0.063%	$8.8M	$9.1M	50x	as long as short
Bitget GRAMUSDT	+0.0100%	4h	1.4282	−0.168%	$6.9M	$3.8M	50x	as long as short
Backpack GRAM_USDC_PERP	+0.0100%	1h	1.4304	−0.014%	$52K	$14K	10x	as long as short
edgeX GRAMUSDC	+0.0100%	4h	1.4292	−0.099%	$17K	$273K	10x	as long as short

Show all 21 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
ApeX Omni GRAMUSDT	+0.0100%	1h	1.4290	−0.112%	$14K	$620K	50x	as long as short
Orderly PERP_GRAM_USDC_mythos	+0.0100%	4h	1.4290	−0.112%	$2K	$1K	10x	as long as short
SunX GRAM-USDT	+0.0100%	4h	1.4306	0.000%	$6K	$514K	10x	as long as short
HTX GRAM-USDTlong	+0.0100%	4h	1.4306	long leg	$299K	$567K	30x
Phemex GRAMUSDT	+0.0100%	4h	1.4280	−0.182%	$1.6M	$1.7M	20x	as long as short
Paradex GRAM-USD-PERP	+0.0100%	8h	1.4293	−0.089%	$2K	$31	5x	as long as short
Extended GRAM-USD	+0.0104%	1h	1.4279	−0.191%	$128K	$157K	5x	as long as short
Lighter GRAM	+0.0208%	1h	1.4320	+0.095%	$2.3M	$2.8M	20x	as long as short
Hyperliquid GRAM	+0.0225%	1h	1.4292	−0.098%	$35.0M	$7.1M	5x	as long as short
BloFin GRAM-USDT	+0.0340%	4h	1.4260	−0.322%	$1.4M	$228K	50x	as long as short
Aster GRAMUSDT	+0.0415%	4h	1.4308	+0.015%	$964K	$123K	50x	as long as short