Funding arb · Price arb /

GRAM

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0003%/8h= −0.3% APRpaid last 24h −0.006%

Price spread now: Paradex against Orderly−0.104%7-day average — · you buy dearer than you sell

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

Long on Orderly Short on Paradex

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropParadex: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Paradex is 0.104% cheaper against Orderly than usual: you would sell low and buy high, −$10 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_GRAM_USDC_mythos	1.4550	0.0100	pay 0.0050% / 4h	2h 26m	$2K	$1K	10x
Short	Paradex GRAM-USD-PERP	1.4535	0.0097	get 0.0097% / 8h	2h 26m	$2K	$30	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against Orderly. 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 OrderlybpFee ParadexbpOrdersPrice spread, now −0.104%Rate

Funding earned: −$0.63
Price spread: −0.104% → 0.000%: −$10.38
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$21
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; Paradex: 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 Orderly no order-book sample	—	—	—	—	—
Sell Paradex no order-book sample	—	—	—	—	—

Orderly and Paradex: 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
Paradex GRAM-USD-PERPshort	+0.0097%	8h	1.4535	−0.104%	$2K	$30	5x
Hyperliquid GRAM	+0.0100%	1h	1.4568	+0.124%	$35.9M	$6.9M	5x	as long as short
Binance GRAMUSDT	+0.0100%	4h	1.4548	−0.014%	$20.7M	$26.5M	50x	as long as short
Bybit GRAMUSDT	+0.0100%	4h	1.4550	0.000%	$30.8M	$14.0M	50x	as long as short
OKX GRAM-USDT-SWAP	+0.0100%	4h	1.4540	−0.069%	$8.7M	$8.5M	50x	as long as short
Gate GRAM_USDT	+0.0100%	4h	1.4547	−0.021%	$3.7M	$3.3M	75x	as long as short
MEXC GRAM_USDT	+0.0100%	4h	1.4550	0.000%	$15.5M	$2.8M	20x	as long as short
KuCoin GRAMUSDTM	+0.0100%	4h	1.4545	−0.034%	$8.6M	$11.0M	50x	as long as short
Bitget GRAMUSDT	+0.0100%	4h	1.4551	+0.007%	$7.2M	$3.9M	50x	as long as short
Backpack GRAM_USDC_PERP	+0.0100%	1h	1.4569	+0.131%	$46K	$13K	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	1.4504	−0.314%	$17K	$271K	10x	as long as short
ApeX Omni GRAMUSDT	+0.0100%	1h	1.4500	−0.344%	$13K	$588K	50x	as long as short
Orderly PERP_GRAM_USDC_mythoslong	+0.0100%	4h	1.4550	long leg	$2K	$1K	10x
SunX GRAM-USDT	+0.0100%	4h	1.4566	+0.110%	$6K	$588K	10x	as long as short
Phemex GRAMUSDT	+0.0100%	4h	1.4530	−0.137%	$1.6M	$1.7M	20x	as long as short
Extended GRAM-USD	+0.0104%	1h	1.4541	−0.060%	$149K	$103K	5x	as long as short
Injective GRAM/USDC PERP	+0.0132%	1h	1.4490	−0.412%	$4K	$143K	12x	as long as short
Aster GRAMUSDT	+0.0247%	4h	1.4546	−0.025%	$967K	$101K	50x	as long as short
BloFin GRAM-USDT	+0.0340%	4h	1.4510	−0.275%	$1.4M	$210K	50x	as long as short
Lighter GRAM	+0.0840%	1h	1.4579	+0.201%	$2.8M	$2.5M	20x	as long as short
HTX GRAM-USDT	+0.1286%	4h	1.4538	−0.082%	$337K	$628K	30x	as long as short