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: Injective against KuCoin+0.014%70s7-day average −0.058% · you sell dearer than you buy

Net, funding: paid 7d − costs−$141as 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 KuCoin Short on Injective

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)+0.037%+$4 · spread now +0.014%, 7d avg −0.058%

Together, before fees−0.089%−$9 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Injective is 0.072% dearer against KuCoin than usual: you sell high and buy low (spread +0.014% now, against its 7-day average of −0.058%): +$7 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 3.6 days. The two prices were read 70 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	KuCoin GRAMUSDTM	1.4488	0.0100	pay 0.0050% / 4h	1h 34m	$8.8M	$10.5M	50x
Short	Injective GRAM/USDC PERP	1.4490	0.0033	get 0.0004% / 1h	34m 07s	$4K	$143K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against KuCoin. 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 KuCoinbpFee InjectivebpOrdersPrice spread, now +0.014%Rate

Funding earned: −$14
Price spread: +0.014% → −0.058%: $7.21
Slippage, 4 orders: −$116.67
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$135.48
Costs to cover: 1.287%
Break-even: never at this rate

Slippage from KuCoin: live order book, 4 min ago; Injective: live order book, 10 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 KuCoin live order book, 4 min ago	3.46 bp	31.8 bp −$32	82.7 bp −$827	doesn't fit	doesn't fit
Sell Injective live order book, 10 min ago	37.97 bp	38.0 bp −$38	doesn't fit	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 PERPshort	+0.0033%	1h	1.4490	+0.014%	$4K	$143K	12x
Paradex GRAM-USD-PERP	+0.0100%	8h	1.4482	−0.043%	$2K	$19	5x	as long as short
Binance GRAMUSDT	+0.0100%	4h	1.4488	−0.001%	$20.7M	$28.1M	50x	as long as short
Bybit GRAMUSDT	+0.0100%	4h	1.4481	−0.048%	$30.7M	$13.8M	50x	as long as short
OKX GRAM-USDT-SWAP	+0.0100%	4h	1.4490	+0.014%	$8.7M	$8.6M	50x	as long as short
Gate GRAM_USDT	+0.0100%	4h	1.4491	+0.021%	$3.7M	$3.3M	75x	as long as short
MEXC GRAM_USDT	+0.0100%	4h	1.4480	−0.055%	$15.3M	$2.6M	20x	as long as short
KuCoin GRAMUSDTMlong	+0.0100%	4h	1.4488	long leg	$8.8M	$10.5M	50x
Bitget GRAMUSDT	+0.0100%	4h	1.4494	+0.041%	$7.2M	$4.1M	50x	as long as short
Backpack GRAM_USDC_PERP	+0.0100%	1h	1.4493	+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	1.4449	−0.269%	$17K	$273K	10x	as long as short
ApeX Omni GRAMUSDT	+0.0100%	1h	1.4480	−0.055%	$14K	$608K	50x	as long as short
Orderly PERP_GRAM_USDC_mythos	+0.0100%	4h	1.4490	+0.014%	$2K	$1K	10x	as long as short
SunX GRAM-USDT	+0.0100%	4h	1.4490	+0.014%	$6K	$597K	10x	as long as short
HTX GRAM-USDT	+0.0100%	4h	1.4545	+0.393%	$339K	$619K	30x	as long as short
Phemex GRAMUSDT	+0.0100%	4h	1.4490	+0.014%	$1.5M	$1.8M	20x	as long as short
Extended GRAM-USD	+0.0104%	1h	1.4486	−0.013%	$169K	$123K	5x	as long as short
Hyperliquid GRAM	+0.0306%	1h	1.4502	+0.098%	$35.8M	$7.3M	5x	as long as short
BloFin GRAM-USDT	+0.0340%	4h	1.4490	+0.014%	$1.4M	$204K	50x	as long as short
Aster GRAMUSDT	+0.0352%	4h	1.4500	+0.083%	$972K	$126K	50x	as long as short
Lighter GRAM	+0.0784%	1h	1.4514	+0.182%	$2.6M	$2.4M	20x	as long as short