Funding arb · Price arb /

GRAM

all GRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h +0.039%

Price spread now: edgeX against Injective+0.099%7-day average −0.002% · you sell dearer than you buy

Net, funding: paid 7d − costs−$107as in the Funding arb table

Net, price: spread back to 7d avg − costs−$109as in the Price arb table

costs, in and out, $10k−$1191.188% of the position

Long on Injective Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.119%+$12 on $10k

Price spread, last 3 days (all we have)+0.348%+$35 · spread now +0.099%, 7d avg −0.002%

Together, before fees+0.467%+ Points / potential airdropedgeX: Active · farm board+$47 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and edgeX is 0.102% dearer against Injective than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of −0.002%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective GRAM/USDC PERP	1.4490	0.0033	pay 0.0004% / 1h	5m 18s	$4K	$143K	12x
Short	edgeX GRAMUSDC	1.4504	0.0100	get 0.0050% / 4h	2h 05m	$17K	$273K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now +0.099%Rate

Funding earned: $14
Price spread: +0.099% → −0.002%: $10.17
Slippage, 4 orders: −$109.76
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$94.62
Costs to cover: 1.188%
Break-even: 54.3 days

Slippage from Injective: live order book, 44 min ago; edgeX: live order book, 62 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, 44 min ago	37.79 bp	37.8 bp −$38	doesn't fit	doesn't fit	doesn't fit
Sell edgeX live order book, 62 min ago	17.09 bp	21.6 bp −$22	42.4 bp −$424	doesn't fit	doesn't fit

GRAM on 20 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 PERPlong	+0.0033%	1h	1.4490	long leg	$4K	$143K	12x
Paradex GRAM-USD-PERP	+0.0100%	8h	1.4485	−0.031%	$2K	$19	5x	as long as short
Binance GRAMUSDT	+0.0100%	4h	1.4486	−0.030%	$20.5M	$28.0M	50x	as long as short
Bybit GRAMUSDT	+0.0100%	4h	1.4480	−0.069%	$30.8M	$14.0M	50x	as long as short
OKX GRAM-USDT-SWAP	+0.0100%	4h	1.4470	−0.138%	$8.6M	$8.6M	50x	as long as short
Gate GRAM_USDT	+0.0100%	4h	1.4487	−0.021%	$3.7M	$3.3M	75x	as long as short
MEXC GRAM_USDT	+0.0100%	4h	1.4480	−0.069%	$15.3M	$2.7M	20x	as long as short
KuCoin GRAMUSDTM	+0.0100%	4h	1.4485	−0.035%	$8.8M	$10.6M	50x	as long as short
Bitget GRAMUSDT	+0.0100%	4h	1.4486	−0.028%	$7.2M	$4.1M	50x	as long as short
edgeX GRAMUSDCshort	+0.0100%	4h	1.4504	+0.099%	$17K	$273K	10x

Show all 20 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
ApeX Omni GRAMUSDT	+0.0100%	1h	1.4510	+0.138%	$14K	$606K	50x	as long as short
Orderly PERP_GRAM_USDC_mythos	+0.0100%	4h	1.4480	−0.069%	$2K	$1K	10x	as long as short
SunX GRAM-USDT	+0.0100%	4h	1.4508	+0.124%	$7K	$598K	10x	as long as short
HTX GRAM-USDT	+0.0100%	4h	1.4533	+0.297%	$339K	$621K	30x	as long as short
Phemex GRAMUSDT	+0.0100%	4h	1.4490	0.000%	$1.5M	$1.8M	20x	as long as short
Extended GRAM-USD	+0.0104%	1h	1.4482	−0.053%	$169K	$123K	5x	as long as short
Hyperliquid GRAM	+0.0148%	1h	1.4496	+0.041%	$35.7M	$7.4M	5x	as long as short
Backpack GRAM_USDC_PERP	+0.0354%	1h	1.4501	+0.076%	$54K	$17K	10x	as long as short
Aster GRAMUSDT	+0.0404%	4h	1.4500	+0.069%	$972K	$126K	50x	as long as short
Lighter GRAM	+0.0624%	1h	1.4518	+0.191%	$2.6M	$2.4M	20x	as long as short