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 +0.008%

Price spread now: HTX against MEXC+0.147%7-day average +0.264% · you sell dearer than you buy

Net, funding: paid 7d − costs−$12as in the Funding arb table

Net, price: spread back to 7d avg − costs−$62as in the Price arb table

costs, in and out, $10k−$510.507% of the position

Long on MEXC Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.384%+$38 on $10k

Price spread, last 4 days (all we have)+0.569%+$57 · spread now +0.147%, 7d avg +0.264%

Together, before fees+0.954%+$95 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: HTX is 0.116% cheaper against MEXC than usual: you would sell low and buy high, −$12 on $10k if it goes back to its 7-day average of +0.264%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC GRAM_USDT	1.4280	0.0100	pay 0.0050% / 4h	3h 38m	$16.0M	$2.7M	20x
Short	HTX GRAM-USDT	1.4301	0.0100	get 0.0050% / 4h	3h 38m	$303K	$625K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now +0.147%Rate

Funding earned: $0
Price spread: +0.147% → +0.264%: −$11.65
Slippage, 4 orders: −$34.67
Fee MEXC: 2 bp × 2 orders: −$4
Fee HTX: 6 bp × 2 orders: −$12
Net: −$62.32
Costs to cover: 0.507%
Break-even: never at this rate

Slippage from MEXC: live order book, 5 min ago; HTX: live order book, 60 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 MEXC live order book, 5 min ago	3.51 bp	5.5 bp −$6	10.8 bp −$108	74.0 bp −$7,400	305.6 bp −$152.8K
Sell HTX live order book, 60 min ago	6.96 bp	13.0 bp −$13	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 PERP	+0.0033%	1h	1.4490	+1.471%	$4K	$143K	12x	as long as short
Binance GRAMUSDT	+0.0100%	4h	1.4290	+0.070%	$20.1M	$27.2M	50x	as long as short
Bybit GRAMUSDT	+0.0100%	4h	1.4285	+0.035%	$30.2M	$13.3M	50x	as long as short
OKX GRAM-USDT-SWAP	+0.0100%	4h	1.4270	−0.070%	$8.5M	$7.9M	50x	as long as short
Gate GRAM_USDT	+0.0100%	4h	1.4282	+0.014%	$3.6M	$3.4M	75x	as long as short
MEXC GRAM_USDTlong	+0.0100%	4h	1.4280	long leg	$16.0M	$2.7M	20x
KuCoin GRAMUSDTM	+0.0100%	4h	1.4287	+0.049%	$8.8M	$9.8M	50x	as long as short
Bitget GRAMUSDT	+0.0100%	4h	1.4285	+0.035%	$7.0M	$4.0M	50x	as long as short
edgeX GRAMUSDC	+0.0100%	4h	1.4265	−0.105%	$16K	$275K	10x	as long as short
ApeX Omni GRAMUSDT	+0.0100%	1h	1.4280	0.000%	$14K	$614K	50x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_GRAM_USDC_mythos	+0.0100%	4h	1.4290	+0.070%	$2K	$1K	10x	as long as short
SunX GRAM-USDT	+0.0100%	4h	1.4296	+0.112%	$7K	$552K	10x	as long as short
HTX GRAM-USDTshort	+0.0100%	4h	1.4301	+0.147%	$303K	$625K	30x
Phemex GRAMUSDT	+0.0100%	4h	1.4280	0.000%	$1.6M	$1.7M	20x	as long as short
Paradex GRAM-USD-PERP	+0.0100%	8h	1.4274	−0.045%	$2K	$31	5x	as long as short
Extended GRAM-USD	+0.0104%	1h	1.4276	−0.026%	$166K	$122K	5x	as long as short
Lighter GRAM	+0.0128%	1h	1.4292	+0.085%	$2.3M	$2.8M	20x	as long as short
Hyperliquid GRAM	+0.0150%	1h	1.4291	+0.077%	$35.1M	$7.7M	5x	as long as short
Aster GRAMUSDT	+0.0298%	4h	1.4316	+0.256%	$966K	$120K	50x	as long as short
BloFin GRAM-USDT	+0.0340%	4h	1.4280	0.000%	$1.4M	$242K	50x	as long as short
Backpack GRAM_USDC_PERP	+0.0367%	1h	1.4287	+0.049%	$53K	$14K	10x	as long as short