Funding arb · Price arb /

GRAM

all GRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0208%/8h= +22.8% APRpaid last 24h +0.111%

Price spread now: BloFin against Injective+0.069%7-day average +0.033% · you sell dearer than you buy

Net, funding: paid 7d − costs−$49as in the Funding arb table

Net, price: spread back to 7d avg − costs−$103as in the Price arb table

costs, in and out, $10k−$1071.069% of the position

Long on Injective Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.580%+$58 on $10k

Price spread, last 3 days (all we have)+0.552%+$55 · spread now +0.069%, 7d avg +0.033%

Together, before fees+1.132%+$113 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and BloFin is 0.036% dearer against Injective than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.033%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective GRAM/USDC PERP	1.4540	0.0132	pay 0.0016% / 1h	34m 03s	$4K	$121K	12x
Short	BloFin GRAM-USDT	1.4550	0.0340	get 0.0170% / 4h	2h 34m	$1.4M	$210K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Injective. 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 InjectivebpFee BloFinbpOrdersPrice spread, now +0.069%Rate

Funding earned: $43.69
Price spread: +0.069% → +0.033%: $3.62
Slippage, 4 orders: −$94.86
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$59.57
Costs to cover: 1.069%
Break-even: 16.5 days

Slippage from Injective: live order book, 35 min ago; BloFin: live order book, 4 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 Injective live order book, 35 min ago	37.81 bp	37.8 bp −$38	doesn't fit	doesn't fit	doesn't fit
Sell BloFin live order book, 4 min ago	6.87 bp	15.3 bp −$15	37.9 bp −$379	172.4 bp −$17.2K	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	+0.0100%	8h	1.4564	+0.164%	$2K	$30	5x	as long as short
Hyperliquid GRAM	+0.0100%	1h	1.4588	+0.330%	$36.0M	$6.9M	5x	as long as short
Binance GRAMUSDT	+0.0100%	4h	1.4566	+0.181%	$20.9M	$25.9M	50x	as long as short
Bybit GRAMUSDT	+0.0100%	4h	1.4570	+0.206%	$30.7M	$13.8M	50x	as long as short
OKX GRAM-USDT-SWAP	+0.0100%	4h	1.4560	+0.138%	$8.7M	$8.4M	50x	as long as short
Gate GRAM_USDT	+0.0100%	4h	1.4566	+0.179%	$3.7M	$3.2M	75x	as long as short
MEXC GRAM_USDT	+0.0100%	4h	1.4560	+0.138%	$15.5M	$2.8M	20x	as long as short
KuCoin GRAMUSDTM	+0.0100%	4h	1.4560	+0.138%	$8.7M	$10.9M	50x	as long as short
Bitget GRAMUSDT	+0.0100%	4h	1.4566	+0.179%	$7.2M	$3.8M	50x	as long as short
Backpack GRAM_USDC_PERP	+0.0100%	1h	1.4580	+0.275%	$44K	$12K	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	1.4526	−0.096%	$17K	$270K	10x	as long as short
ApeX Omni GRAMUSDT	+0.0100%	1h	1.4560	+0.138%	$14K	$588K	50x	as long as short
Orderly PERP_GRAM_USDC_mythos	+0.0100%	4h	1.4570	+0.206%	$2K	$1K	10x	as long as short
SunX GRAM-USDT	+0.0100%	4h	1.4576	+0.248%	$7K	$573K	10x	as long as short
Phemex GRAMUSDT	+0.0100%	4h	1.4570	+0.206%	$1.6M	$1.7M	20x	as long as short
Extended GRAM-USD	+0.0104%	1h	1.4568	+0.195%	$150K	$103K	5x	as long as short
Injective GRAM/USDC PERPlong	+0.0132%	1h	1.4540	long leg	$4K	$121K	12x
Aster GRAMUSDT	+0.0258%	4h	1.4572	+0.220%	$969K	$100K	50x	as long as short
BloFin GRAM-USDTshort	+0.0340%	4h	1.4550	+0.069%	$1.4M	$210K	50x
Lighter GRAM	+0.0872%	1h	1.4604	+0.437%	$2.8M	$2.5M	20x	as long as short
HTX GRAM-USDT	+0.1444%	4h	1.4612	+0.495%	$339K	$627K	30x	as long as short