Funding arb · Price arb /

GRAM

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0243%/8h= +26.6% APRpaid last 24h +0.078%

Price spread now: BloFin against Paradex−0.312%7-day average — · you buy dearer than you sell

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

Long on Paradex Short on BloFin

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 pays, the price is against you. BloFin is 0.312% cheaper against Paradex than usual: you would sell low and buy high (spread −0.312% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$31 on $10k: about 4.3 days of funding at the current rate (+$7 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex GRAM-USD-PERP	1.4555	0.0097	pay 0.0097% / 8h	2h 24m	$2K	$30	5x
Short	BloFin GRAM-USDT	1.4510	0.0340	get 0.0170% / 4h	2h 24m	$1.4M	$210K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now −0.312%Rate

Funding earned: $51
Price spread: −0.312% → 0.000%: −$31.19
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee BloFin: 6 bp × 2 orders: −$12
Net: $3.81
Costs to cover: 0.160%
Break-even: 6.5 days

Slippage unknown: Paradex: no order-book sample; BloFin: live order book, 3 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 BloFin live order book, 3 min ago	3.44 bp	37.0 bp −$37	51.2 bp −$512	182.2 bp −$18.2K	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 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-PERPlong	+0.0097%	8h	1.4555	long leg	$2K	$30	5x
Hyperliquid GRAM	+0.0100%	1h	1.4581	+0.176%	$35.9M	$6.9M	5x	as long as short
Binance GRAMUSDT	+0.0100%	4h	1.4560	+0.032%	$20.6M	$26.6M	50x	as long as short
Bybit GRAMUSDT	+0.0100%	4h	1.4564	+0.059%	$30.8M	$14.0M	50x	as long as short
OKX GRAM-USDT-SWAP	+0.0100%	4h	1.4550	−0.037%	$8.7M	$8.5M	50x	as long as short
Gate GRAM_USDT	+0.0100%	4h	1.4563	+0.052%	$3.7M	$3.3M	75x	as long as short
MEXC GRAM_USDT	+0.0100%	4h	1.4560	+0.032%	$15.5M	$2.8M	20x	as long as short
KuCoin GRAMUSDTM	+0.0100%	4h	1.4557	+0.011%	$8.6M	$11.0M	50x	as long as short
Bitget GRAMUSDT	+0.0100%	4h	1.4561	+0.038%	$7.2M	$3.9M	50x	as long as short
Backpack GRAM_USDC_PERP	+0.0100%	1h	1.4573	+0.121%	$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	1.4498	−0.392%	$17K	$269K	10x	as long as short
ApeX Omni GRAMUSDT	+0.0100%	1h	1.4520	−0.243%	$13K	$590K	50x	as long as short
Orderly PERP_GRAM_USDC_mythos	+0.0100%	4h	1.4560	+0.032%	$2K	$1K	10x	as long as short
SunX GRAM-USDT	+0.0100%	4h	1.4576	+0.142%	$6K	$588K	10x	as long as short
Phemex GRAMUSDT	+0.0100%	4h	1.4560	+0.032%	$1.6M	$1.7M	20x	as long as short
Extended GRAM-USD	+0.0104%	1h	1.4550	−0.039%	$150K	$103K	5x	as long as short
Injective GRAM/USDC PERP	+0.0132%	1h	1.4490	−0.449%	$4K	$143K	12x	as long as short
Aster GRAMUSDT	+0.0256%	4h	1.4564	+0.056%	$969K	$101K	50x	as long as short
BloFin GRAM-USDTshort	+0.0340%	4h	1.4510	−0.312%	$1.4M	$210K	50x
Lighter GRAM	+0.0824%	1h	1.4593	+0.262%	$2.8M	$2.5M	20x	as long as short
HTX GRAM-USDT	+0.1247%	4h	1.4601	+0.313%	$338K	$628K	30x	as long as short