Funding arb · Price arb /

GRAM

all GRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.001%

Price spread now: ApeX Omni against OKX+0.347%60s7-day average +0.046% · you sell dearer than you buy

Net, funding: paid 7d − costs−$69as 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−$730.733% of the position

Long on OKX Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.043%+$4 on $10k

Price spread, last 4 days (all we have)−0.250%−$25 · spread now +0.347%, 7d avg +0.046%

Together, before fees−0.207%−$21 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: ApeX Omni is 0.302% dearer against OKX than usual: you sell high and buy low, +$30 on $10k if it goes back to its 7-day average of +0.046%. The two prices were read 60 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	OKX GRAM-USDT-SWAP	1.4400	0.0100	pay 0.0050% / 4h	26m 30s	$8.6M	$8.7M	50x
Short	ApeX Omni GRAMUSDT	1.4450	0.0100	get 0.0013% / 1h	26m 30s	$14K	$613K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against OKX. 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 OKXbpFee ApeX OmnibpOrdersPrice spread, now +0.347%Rate

Funding earned: $0
Price spread: +0.347% → +0.046%: $30.16
Slippage, 4 orders: −$53.26
Fee OKX: 5 bp × 2 orders: −$10
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$43.1
Costs to cover: 0.733%
Break-even: never at this rate

Slippage from OKX: live order book, 2 min ago; ApeX Omni: live order book, 31 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 OKX live order book, 2 min ago	3.48 bp	11.0 bp −$11	32.9 bp −$329	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 31 min ago	13.85 bp	24.9 bp −$25	129.4 bp −$1,294	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	+0.625%	$4K	$143K	12x	as long as short
Lighter GRAM	+0.0096%	1h	1.4415	+0.107%	$2.3M	$2.9M	20x	as long as short
Paradex GRAM-USD-PERP	+0.0096%	8h	1.4398	−0.015%	$2K	$19	5x	as long as short
Hyperliquid GRAM	+0.0100%	1h	1.4425	+0.174%	$35.5M	$7.3M	5x	as long as short
Binance GRAMUSDT	+0.0100%	4h	1.4408	+0.058%	$20.4M	$28.7M	50x	as long as short
Bybit GRAMUSDT	+0.0100%	4h	1.4400	0.000%	$30.3M	$14.1M	50x	as long as short
OKX GRAM-USDT-SWAPlong	+0.0100%	4h	1.4400	long leg	$8.6M	$8.7M	50x
Gate GRAM_USDT	+0.0100%	4h	1.4410	+0.069%	$3.6M	$3.5M	75x	as long as short
MEXC GRAM_USDT	+0.0100%	4h	1.4410	+0.069%	$15.4M	$2.6M	20x	as long as short
KuCoin GRAMUSDTM	+0.0100%	4h	1.4407	+0.049%	$8.8M	$10.5M	50x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget GRAMUSDT	+0.0100%	4h	1.4405	+0.035%	$7.1M	$4.2M	50x	as long as short
edgeX GRAMUSDC	+0.0100%	4h	1.4458	+0.404%	$17K	$275K	10x	as long as short
ApeX Omni GRAMUSDTshort	+0.0100%	1h	1.4450	+0.347%	$14K	$613K	50x
Orderly PERP_GRAM_USDC_mythos	+0.0100%	4h	1.4390	−0.069%	$2K	$1K	10x	as long as short
SunX GRAM-USDT	+0.0100%	4h	1.4426	+0.181%	$7K	$608K	10x	as long as short
HTX GRAM-USDT	+0.0100%	4h	1.4429	+0.201%	$329K	$688K	30x	as long as short
Phemex GRAMUSDT	+0.0100%	4h	1.4410	+0.069%	$1.5M	$1.8M	20x	as long as short
Extended GRAM-USD	+0.0104%	1h	1.4406	+0.045%	$168K	$123K	5x	as long as short
Backpack GRAM_USDC_PERP	+0.0182%	1h	1.4420	+0.139%	$53K	$16K	10x	as long as short
Aster GRAMUSDT	+0.0185%	4h	1.4423	+0.158%	$967K	$127K	50x	as long as short
BloFin GRAM-USDT	+0.0340%	4h	1.4400	0.000%	$1.4M	$229K	50x	as long as short