Funding arb · Price arb /

GRAM

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0005%/8h= +0.6% APRpaid last 24h 0.000%

Price spread now: ApeX Omni against Paradex+0.044%50s7-day average — · you sell dearer than you buy

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

Long on Paradex Short on ApeX Omni

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: ApeX Omni is 0.044% dearer against Paradex than usual: you sell high and buy low, +$4 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 50 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	Paradex GRAM-USD-PERP	1.4164	0.0095	pay 0.0095% / 8h	4h 51m	$2K	$31	5x
Short	ApeX Omni GRAMUSDT	1.4170	0.0100	get 0.0013% / 1h	51m 57s	$14K	$620K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Paradex. 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 ParadexbpFee ApeX OmnibpOrdersPrice spread, now +0.044%Rate

Funding earned: $1.07
Price spread: +0.044% → 0.000%: $4.44
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$8.5
Costs to cover: 0.140%
Break-even: 62.7 days

Slippage unknown: Paradex: no order-book sample; ApeX Omni: live order book, 54 min ago. 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 Paradex no order-book sample	—	—	—	—	—
Sell ApeX Omni live order book, 54 min ago	10.53 bp	30.1 bp −$30	155.5 bp −$1,555	doesn't fit	doesn't fit

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 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	+2.304%	$4K	$143K	12x	as long as short
Paradex GRAM-USD-PERPlong	+0.0095%	8h	1.4164	long leg	$2K	$31	5x
Lighter GRAM	+0.0096%	1h	1.4176	+0.086%	$2.2M	$2.6M	20x	as long as short
Hyperliquid GRAM	+0.0100%	1h	1.4175	+0.080%	$34.7M	$6.8M	5x	as long as short
Binance GRAMUSDT	+0.0100%	4h	1.4153	−0.074%	$19.9M	$24.4M	50x	as long as short
Bybit GRAMUSDT	+0.0100%	4h	1.4150	−0.097%	$29.6M	$12.2M	50x	as long as short
OKX GRAM-USDT-SWAP	+0.0100%	4h	1.4160	−0.026%	$8.5M	$7.4M	50x	as long as short
Gate GRAM_USDT	+0.0100%	4h	1.4157	−0.047%	$3.6M	$3.3M	75x	as long as short
MEXC GRAM_USDT	+0.0100%	4h	1.4160	−0.026%	$15.1M	$2.4M	20x	as long as short
KuCoin GRAMUSDTM	+0.0100%	4h	1.4162	−0.012%	$8.8M	$8.2M	50x	as long as short

Show all 21 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget GRAMUSDT	+0.0100%	4h	1.4162	−0.012%	$6.9M	$3.6M	50x	as long as short
Backpack GRAM_USDC_PERP	+0.0100%	1h	1.4169	+0.037%	$52K	$13K	10x	as long as short
edgeX GRAMUSDC	+0.0100%	4h	1.4174	+0.071%	$16K	$273K	10x	as long as short
ApeX Omni GRAMUSDTshort	+0.0100%	1h	1.4170	+0.044%	$14K	$620K	50x
Orderly PERP_GRAM_USDC_mythos	+0.0100%	4h	1.4170	+0.044%	$2K	$1K	10x	as long as short
SunX GRAM-USDT	+0.0100%	4h	1.4176	+0.087%	$6K	$461K	10x	as long as short
HTX GRAM-USDT	+0.0100%	4h	1.4215	+0.362%	$289K	$500K	30x	as long as short
Phemex GRAMUSDT	+0.0100%	4h	1.4160	−0.026%	$1.6M	$1.5M	20x	as long as short
Extended GRAM-USD	+0.0104%	1h	1.4155	−0.061%	$128K	$157K	5x	as long as short
Aster GRAMUSDT	+0.0288%	4h	1.4176	+0.089%	$955K	$115K	50x	as long as short
BloFin GRAM-USDT	+0.0340%	4h	1.4140	−0.167%	$1.4M	$218K	50x	as long as short