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% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Gate against Phemex−0.007%7-day average +0.031% · you buy dearer than you sell

Net, funding: paid 7d − costs−$184as in the Funding arb table

Net, price: spread back to 7d avg − costs−$175as in the Price arb table

costs, in and out, $10k−$1721.716% of the position

Long on Phemex Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.124%−$12 on $10k

Price spread, last 3 days (all we have)−0.030%−$3 · spread now −0.007%, 7d avg +0.031%

Together, before fees−0.154%−$15 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: Gate is 0.038% cheaper against Phemex than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.031%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex GRAMUSDT	1.4560	0.0100	pay 0.0050% / 4h	3h 18m	$1.6M	$1.7M	20x
Short	Gate GRAM_USDT	1.4559	0.0100	get 0.0050% / 4h	3h 18m	$3.7M	$3.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Phemex. 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 PhemexbpFee GatebpOrdersPrice spread, now −0.007%Rate

Funding earned: $0
Price spread: −0.007% → +0.031%: −$3.76
Slippage, 4 orders: −$144.56
Fee Phemex: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$175.32
Costs to cover: 1.716%
Break-even: never at this rate

Slippage from Phemex: live order book, 5 min ago; Gate: live order book, 5 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 Phemex live order book, 5 min ago	17.22 bp	66.6 bp −$67	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 5 min ago	6.20 bp	15.9 bp −$16	47.2 bp −$472	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	−0.481%	$4K	$143K	12x	as long as short
Paradex GRAM-USD-PERP	+0.0100%	8h	1.4517	−0.292%	$2K	$19	5x	as long as short
Binance GRAMUSDT	+0.0100%	4h	1.4560	0.000%	$20.6M	$27.0M	50x	as long as short
Bybit GRAMUSDT	+0.0100%	4h	1.4579	+0.130%	$31.1M	$13.8M	50x	as long as short
OKX GRAM-USDT-SWAP	+0.0100%	4h	1.4570	+0.069%	$8.6M	$8.5M	50x	as long as short
Gate GRAM_USDTshort	+0.0100%	4h	1.4559	−0.007%	$3.7M	$3.2M	75x
MEXC GRAM_USDT	+0.0100%	4h	1.4560	0.000%	$15.5M	$2.7M	20x	as long as short
KuCoin GRAMUSDTM	+0.0100%	4h	1.4551	−0.062%	$8.9M	$10.8M	50x	as long as short
Bitget GRAMUSDT	+0.0100%	4h	1.4569	+0.062%	$7.2M	$3.9M	50x	as long as short
edgeX GRAMUSDC	+0.0100%	4h	1.4508	−0.360%	$17K	$273K	10x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
ApeX Omni GRAMUSDT	+0.0100%	1h	1.4500	−0.412%	$14K	$601K	50x	as long as short
Orderly PERP_GRAM_USDC_mythos	+0.0100%	4h	1.4560	0.000%	$2K	$1K	10x	as long as short
SunX GRAM-USDT	+0.0100%	4h	1.4547	−0.089%	$7K	$591K	10x	as long as short
Phemex GRAMUSDTlong	+0.0100%	4h	1.4560	long leg	$1.6M	$1.7M	20x
Extended GRAM-USD	+0.0104%	1h	1.4572	+0.082%	$170K	$123K	5x	as long as short
HTX GRAM-USDT	+0.0139%	4h	1.4588	+0.192%	$341K	$620K	30x	as long as short
Backpack GRAM_USDC_PERP	+0.0141%	1h	1.4569	+0.062%	$54K	$20K	10x	as long as short
Hyperliquid GRAM	+0.0161%	1h	1.4586	+0.179%	$35.9M	$7.0M	5x	as long as short
Aster GRAMUSDT	+0.0331%	4h	1.4580	+0.137%	$982K	$114K	50x	as long as short
BloFin GRAM-USDT	+0.0340%	4h	1.4560	0.000%	$1.4M	$205K	50x	as long as short
Lighter GRAM	+0.0408%	1h	1.4578	+0.121%	$2.6M	$2.4M	20x	as long as short