Funding arb · Price arb /

GRAM

all GRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h +0.039%

Price spread now: KuCoin against Injective+0.007%55s7-day average +0.058% · you sell dearer than you buy

Net, funding: paid 7d − costs−$116as 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−$1291.287% of the position

Long on Injective Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.126%+$13 on $10k

Price spread, last 4 days (all we have)−0.058%−$6 · spread now +0.007%, 7d avg +0.058%

Together, before fees+0.068%+$7 on $10k · with fees, hour by hour

Funding pays, the price is against you. KuCoin is 0.051% cheaper against Injective than usual: you would sell low and buy high (spread +0.007% now, against its 7-day average of +0.058%). If the spread goes back, that is −$5 on $10k: about 2.6 days of funding at the current rate (+$2 a day). The two prices were read 55 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	Injective GRAM/USDC PERP	1.4490	0.0033	pay 0.0004% / 1h	34m 13s	$4K	$143K	12x
Short	KuCoin GRAMUSDTM	1.4491	0.0100	get 0.0050% / 4h	1h 34m	$8.8M	$10.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.007%Rate

Funding earned: $14
Price spread: +0.007% → +0.058%: −$5.14
Slippage, 4 orders: −$116.67
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$119.84
Costs to cover: 1.287%
Break-even: 66.9 days

Slippage from Injective: live order book, 10 min ago; KuCoin: 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, 10 min ago	37.97 bp	38.0 bp −$38	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 4 min ago	3.46 bp	20.9 bp −$21	55.0 bp −$550	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 PERPlong	+0.0033%	1h	1.4490	long leg	$4K	$143K	12x
Paradex GRAM-USD-PERP	+0.0100%	8h	1.4482	−0.057%	$2K	$19	5x	as long as short
Binance GRAMUSDT	+0.0100%	4h	1.4490	0.000%	$20.7M	$28.1M	50x	as long as short
Bybit GRAMUSDT	+0.0100%	4h	1.4482	−0.055%	$30.7M	$13.8M	50x	as long as short
OKX GRAM-USDT-SWAP	+0.0100%	4h	1.4480	−0.069%	$8.7M	$8.6M	50x	as long as short
Gate GRAM_USDT	+0.0100%	4h	1.4495	+0.035%	$3.7M	$3.3M	75x	as long as short
MEXC GRAM_USDT	+0.0100%	4h	1.4480	−0.069%	$15.3M	$2.6M	20x	as long as short
KuCoin GRAMUSDTMshort	+0.0100%	4h	1.4491	+0.007%	$8.8M	$10.5M	50x
Bitget GRAMUSDT	+0.0100%	4h	1.4489	−0.007%	$7.2M	$4.1M	50x	as long as short
Backpack GRAM_USDC_PERP	+0.0100%	1h	1.4498	+0.055%	$53K	$16K	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	1.4449	−0.283%	$17K	$273K	10x	as long as short
ApeX Omni GRAMUSDT	+0.0100%	1h	1.4480	−0.069%	$14K	$608K	50x	as long as short
Orderly PERP_GRAM_USDC_mythos	+0.0100%	4h	1.4490	0.000%	$2K	$1K	10x	as long as short
SunX GRAM-USDT	+0.0100%	4h	1.4490	0.000%	$6K	$597K	10x	as long as short
HTX GRAM-USDT	+0.0100%	4h	1.4545	+0.380%	$339K	$619K	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	1.4486	−0.027%	$169K	$123K	5x	as long as short
Hyperliquid GRAM	+0.0304%	1h	1.4505	+0.104%	$35.8M	$7.3M	5x	as long as short
BloFin GRAM-USDT	+0.0340%	4h	1.4490	0.000%	$1.4M	$204K	50x	as long as short
Aster GRAMUSDT	+0.0352%	4h	1.4500	+0.069%	$972K	$126K	50x	as long as short
Lighter GRAM	+0.0784%	1h	1.4514	+0.168%	$2.6M	$2.4M	20x	as long as short