Funding arb · Price arb /

GRAM

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h +0.037%

Price spread now: Paradex against Injective−0.062%7-day average — · you buy dearer than you sell

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

Long on Injective Short on Paradex

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropParadex: Active · farm boardneeds both histories

Funding pays, the price is against you. Paradex is 0.062% cheaper against Injective than usual: you would sell low and buy high (spread −0.062% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$6 on $10k: about 3.1 days of funding at the current rate (+$2 a day).

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	14m 31s	$4K	$143K	12x
Short	Paradex GRAM-USD-PERP	1.4481	0.0100	get 0.0100% / 8h	5h 14m	$2K	$19	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex 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 ParadexbpOrdersPrice spread, now −0.062%Rate

Funding earned: $13.99
Price spread: −0.062% → 0.000%: −$6.22
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Paradex: 2 bp × 2 orders: −$4
Net: $3.75
Costs to cover: 0.040%
Break-even: 5.1 days

Slippage unknown: Injective: live order book, 30 min ago; Paradex: 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 Injective live order book, 30 min ago	37.97 bp	38.0 bp −$38	doesn't fit	doesn't fit	doesn't fit
Sell Paradex no order-book sample	—	—	—	—	—

Paradex: 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 PERPlong	+0.0033%	1h	1.4490	long leg	$4K	$143K	12x
Paradex GRAM-USD-PERPshort	+0.0100%	8h	1.4481	−0.062%	$2K	$19	5x
Binance GRAMUSDT	+0.0100%	4h	1.4484	−0.039%	$20.7M	$28.1M	50x	as long as short
Bybit GRAMUSDT	+0.0100%	4h	1.4473	−0.117%	$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	1.4489	−0.007%	$3.6M	$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 GRAMUSDTM	+0.0100%	4h	1.4486	−0.028%	$8.8M	$10.4M	50x	as long as short
Bitget GRAMUSDT	+0.0100%	4h	1.4491	+0.007%	$7.2M	$4.1M	50x	as long as short
Backpack GRAM_USDC_PERP	+0.0100%	1h	1.4495	+0.035%	$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	1.4510	+0.137%	$17K	$274K	10x	as long as short
ApeX Omni GRAMUSDT	+0.0100%	1h	1.4500	+0.069%	$14K	$609K	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	1.4509	+0.131%	$7K	$597K	10x	as long as short
HTX GRAM-USDT	+0.0100%	4h	1.4530	+0.276%	$339K	$620K	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	−0.058%	$169K	$123K	5x	as long as short
BloFin GRAM-USDT	+0.0340%	4h	1.4510	+0.138%	$1.4M	$208K	50x	as long as short
Aster GRAMUSDT	+0.0345%	4h	1.4504	+0.095%	$972K	$126K	50x	as long as short
Hyperliquid GRAM	+0.0350%	1h	1.4502	+0.082%	$35.8M	$7.2M	5x	as long as short
Lighter GRAM	+0.0832%	1h	1.4515	+0.174%	$2.6M	$2.4M	20x	as long as short