Funding arb · Price arb /

GRAM

all GRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.007%

Price spread now: Backpack against MEXC−0.014%7-day average — · you buy dearer than you sell

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

Long on MEXC Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

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

Together, before fees—needs both histories

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC GRAM_USDT	1.4540	0.0100	pay 0.0050% / 4h	1h 40m	$15.5M	$2.8M	20x
Short	Backpack GRAM_USDC_PERP	1.4538	0.0100	get 0.0013% / 1h	40m 42s	$46K	$13K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against MEXC. 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 MEXCbpFee BackpackbpOrdersPrice spread, now −0.014%Rate

Funding earned: $0
Price spread: −0.014% → 0.000%: −$1.38
Slippage, 4 orders: no order book: not counted
Fee MEXC: 2 bp × 2 orders: −$4
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$15.38
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: MEXC: live order book, 3 min ago; Backpack: 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 MEXC live order book, 3 min ago	3.45 bp	5.4 bp −$5	9.7 bp −$97	53.6 bp −$5,360	210.8 bp −$105.4K
Sell Backpack no order-book sample	—	—	—	—	—

Backpack: 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 PERP	−0.0387%	1h	1.4490	−0.344%	$4K	$143K	12x	as long as short
Paradex GRAM-USD-PERP	+0.0099%	8h	1.4530	−0.069%	$2K	$30	5x	as long as short
Binance GRAMUSDT	+0.0100%	4h	1.4532	−0.056%	$20.6M	$26.7M	50x	as long as short
Bybit GRAMUSDT	+0.0100%	4h	1.4531	−0.062%	$30.7M	$14.0M	50x	as long as short
OKX GRAM-USDT-SWAP	+0.0100%	4h	1.4530	−0.069%	$8.7M	$8.5M	50x	as long as short
Gate GRAM_USDT	+0.0100%	4h	1.4539	−0.007%	$3.7M	$3.2M	75x	as long as short
MEXC GRAM_USDTlong	+0.0100%	4h	1.4540	long leg	$15.5M	$2.8M	20x
KuCoin GRAMUSDTM	+0.0100%	4h	1.4532	−0.055%	$8.6M	$10.9M	50x	as long as short
Bitget GRAMUSDT	+0.0100%	4h	1.4536	−0.028%	$7.2M	$3.9M	50x	as long as short
Backpack GRAM_USDC_PERPshort	+0.0100%	1h	1.4538	−0.014%	$46K	$13K	10x

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX GRAMUSDC	+0.0100%	4h	1.4498	−0.288%	$17K	$270K	10x	as long as short
ApeX Omni GRAMUSDT	+0.0100%	1h	1.4530	−0.069%	$13K	$588K	50x	as long as short
Orderly PERP_GRAM_USDC_mythos	+0.0100%	4h	1.4540	0.000%	$2K	$1K	10x	as long as short
SunX GRAM-USDT	+0.0100%	4h	1.4556	+0.110%	$6K	$590K	10x	as long as short
Phemex GRAMUSDT	+0.0100%	4h	1.4530	−0.069%	$1.6M	$1.7M	20x	as long as short
Extended GRAM-USD	+0.0104%	1h	1.4529	−0.075%	$169K	$123K	5x	as long as short
Aster GRAMUSDT	+0.0241%	4h	1.4560	+0.138%	$968K	$98K	50x	as long as short
BloFin GRAM-USDT	+0.0340%	4h	1.4510	−0.206%	$1.4M	$211K	50x	as long as short
Hyperliquid GRAM	+0.0362%	1h	1.4550	+0.066%	$35.9M	$6.9M	5x	as long as short
HTX GRAM-USDT	+0.0628%	4h	1.4580	+0.275%	$337K	$621K	30x	as long as short
Lighter GRAM	+0.0696%	1h	1.4565	+0.171%	$2.7M	$2.3M	20x	as long as short