Funding arb · Price arb /

GRAM

all GRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Phemex against KuCoin−0.056%7-day average −0.035% · you buy dearer than you sell

Net, funding: paid 7d − costs−$193as in the Funding arb table

Net, price: spread back to 7d avg − costs−$201as in the Price arb table

costs, in and out, $10k−$1991.990% of the position

Long on KuCoin Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days+0.060%+$6 on $10k

Price spread, last 4 days (all we have)+0.250%+$25 · spread now −0.056%, 7d avg −0.035%

Together, before fees+0.310%+$31 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Phemex is 0.021% cheaper against KuCoin than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of −0.035%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin GRAMUSDTM	1.4278	0.0100	pay 0.0050% / 4h	2h 18m	$8.8M	$9.1M	50x
Short	Phemex GRAMUSDT	1.4270	0.0100	get 0.0050% / 4h	2h 18m	$1.6M	$1.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex 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 PhemexbpOrdersPrice spread, now −0.056%Rate

Funding earned: $0
Price spread: −0.056% → −0.035%: −$2.07
Slippage, 4 orders: −$175
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$201.07
Costs to cover: 1.990%
Break-even: never at this rate

Slippage from KuCoin: live order book, 3 min ago; Phemex: live order book, 3 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, 3 min ago	2.45 bp	35.1 bp −$35	90.3 bp −$903	doesn't fit	doesn't fit
Sell Phemex live order book, 3 min ago	10.51 bp	65.5 bp −$65	doesn't fit	doesn't fit	doesn't fit

GRAM on 21 exchanges

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 PERP	+0.0033%	1h	1.4490	+1.485%	$4K	$143K	12x	as long as short
Binance GRAMUSDT	+0.0100%	4h	1.4272	−0.040%	$20.1M	$26.0M	50x	as long as short
Bybit GRAMUSDT	+0.0100%	4h	1.4274	−0.028%	$30.3M	$12.7M	50x	as long as short
OKX GRAM-USDT-SWAP	+0.0100%	4h	1.4270	−0.056%	$8.5M	$7.6M	50x	as long as short
Gate GRAM_USDT	+0.0100%	4h	1.4278	0.000%	$3.6M	$3.3M	75x	as long as short
MEXC GRAM_USDT	+0.0100%	4h	1.4270	−0.056%	$15.9M	$2.7M	20x	as long as short
KuCoin GRAMUSDTMlong	+0.0100%	4h	1.4278	long leg	$8.8M	$9.1M	50x
Bitget GRAMUSDT	+0.0100%	4h	1.4274	−0.028%	$6.9M	$3.8M	50x	as long as short
Backpack GRAM_USDC_PERP	+0.0100%	1h	1.4281	+0.021%	$52K	$14K	10x	as long as short
edgeX GRAMUSDC	+0.0100%	4h	1.4285	+0.049%	$16K	$274K	10x	as long as short

Show all 21 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
ApeX Omni GRAMUSDT	+0.0100%	1h	1.4270	−0.056%	$14K	$620K	50x	as long as short
Orderly PERP_GRAM_USDC_mythos	+0.0100%	4h	1.4280	+0.014%	$2K	$1K	10x	as long as short
SunX GRAM-USDT	+0.0100%	4h	1.4296	+0.126%	$6K	$511K	10x	as long as short
HTX GRAM-USDT	+0.0100%	4h	1.4302	+0.168%	$299K	$567K	30x	as long as short
Phemex GRAMUSDTshort	+0.0100%	4h	1.4270	−0.056%	$1.6M	$1.7M	20x
Paradex GRAM-USD-PERP	+0.0100%	8h	1.4273	−0.036%	$2K	$31	5x	as long as short
Extended GRAM-USD	+0.0104%	1h	1.4268	−0.070%	$128K	$157K	5x	as long as short
Lighter GRAM	+0.0200%	1h	1.4290	+0.087%	$2.3M	$2.8M	20x	as long as short
Hyperliquid GRAM	+0.0213%	1h	1.4282	+0.028%	$35.0M	$7.2M	5x	as long as short
BloFin GRAM-USDT	+0.0340%	4h	1.4250	−0.196%	$1.4M	$227K	50x	as long as short
Aster GRAMUSDT	+0.0416%	4h	1.4300	+0.154%	$963K	$123K	50x	as long as short