Settings8H · net · $10k
LanguageThe language of the site
FundingPeriod funding rates are shown in
UnitsPercent or basis points
CostsCount taker fees and slippage in Net
SizePosition per leg used for Net and slippage
ExchangesWhich exchanges to include everywhere
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Funding arb · Price arb / Crypto

GRAM

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Backtest 30d
LegExchangePriceFund. /8hEach paymentNext inOIVol 24hLev
LONG
InjectiveGRAM/USDC PERP
1.4280−0.1075get 0.0134% / 1h23m 41s$3K$18.1M10xLong Injective
SHORT
PopdexGRAMUSDT
1.5140+0.0096get 0.0012% / 1h23m 41s$103K$419K50xShort Popdex
Price gap+6.022%106s
Funding gap+0.1171% /8h

Both sides work: funding pays +$35 a day on $10k, and the gap is 5.821% above its 7d average: +$582 more if it goes back.

The two prices were read 106 s apart: part of this gap may be the market moving.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast
Funding+$120+0.1171% /8h now · paid +1.198% over the last 5 days (all we have)
Price—spread +6.022%106s now · prices read too far apart to compare
Costs−$1141.135% of $10k · taker + slippage, in and out
Result—no pointsneeds both prices read together

Funding history

you earnyou payavg
RANGE STATS · 7D
Average /8h—
Highest—
Lowest—
Paid you—

Short leg rate minus long leg rate, per 8h. Above zero: the pair pays you.

Price spread between the two exchanges

Popdex price against Injectivenow
RANGE STATS · 7D
Now+6.022%
Average—
Range—
Wider than now—

Where the spread has been, last 7D

share of time at each level

Funding on every exchange

/8h

GRAM on 22 exchanges

lowest funding first

Before you open

2 ok · 3 to watch
  • Watch: Thin at this size39.6 / 17.6 bp
    At $10k entering Injective costs 39.6 bp, fee and slippage, 2.2× Popdex’s.
  • Note: Margin at max leverage$1,000 + $200
    Injective 10x, Popdex 50x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
  • OK: Same payment interval1h / 1h
    Both legs pay at the same time.
    Next 24h at the current rates, on $10k a leg: +$35.13Long Injective: 24 payments, +$32.25; short Popdex: 24 payments, +$2.88.
  • Watch: Prices read 106 s apart+6.022% vs +0.201%
    Part of this gap may be the market moving.
  • Watch: Long leg is thinner$3K vs $103K OI
    Injective sets your exit cost. Check its book before closing.
  • Note: No points program—
    Neither exchange runs points right now.
  • OK: No KYC on either legInjective No · Popdex No
    Both exchanges let you trade without ID.

Profit calculator

both legs, in and out
Position, each leg
Hold for
Orders
Price spread
Funding rate
Funding earned+0.0728%/8h × 21 periods+$152.91
Price spreadprices read too far apart to compare—
Slippage, 4 orderslive order books−$107.08
Fee Injective bp × 2 orders−$0.02
Fee Popdex bp × 2 orders−$6.40
Net · 7 days · $10k+$39.41
price spread not counted: prices read too far apart
Costs to cover1.135%Break-even5.2 days
Slippage: Injective: live order book, 35 min ago; Popdex: live order book, 44 min ago

Cost to enter

taker + slippage from mid, one side
BUY · LONGInjective39.5839.6 bp−$40doesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTPopdex3.2917.6 bp−$18doesn’t fitdoesn’t fitdoesn’t fit

Closing costs about the same again.

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