Funding arb · Price arb /

GRAM

all GRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.004%

Price spread now: KuCoin against Phemex−0.007%7-day average +0.039% · you buy dearer than you sell

Net, funding: paid 7d − costs−$176as in the Funding arb table

Net, price: spread back to 7d avg − costs−$174as in the Price arb table

costs, in and out, $10k−$1701.696% of the position

Long on Phemex Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.061%−$6 on $10k

Price spread, last 3 days (all we have)−0.187%−$19 · spread now −0.007%, 7d avg +0.039%

Together, before fees−0.247%−$25 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: KuCoin is 0.046% cheaper against Phemex than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of +0.039%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex GRAMUSDT	1.4510	0.0100	pay 0.0050% / 4h	2h 10m	$1.6M	$1.7M	20x
Short	KuCoin GRAMUSDTM	1.4509	0.0100	get 0.0050% / 4h	2h 10m	$8.6M	$10.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.007%Rate

Funding earned: $0
Price spread: −0.007% → +0.039%: −$4.59
Slippage, 4 orders: −$145.58
Fee Phemex: 6 bp × 2 orders: −$12
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$174.17
Costs to cover: 1.696%
Break-even: never at this rate

Slippage from Phemex: live order book, 3 min ago; KuCoin: live order book, 8 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, 3 min ago	6.88 bp	60.8 bp −$61	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 8 min ago	2.75 bp	27.0 bp −$27	64.1 bp −$641	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
Paradex GRAM-USD-PERP	+0.0098%	8h	1.4507	−0.021%	$2K	$30	5x	as long as short
Binance GRAMUSDT	+0.0100%	4h	1.4510	0.000%	$20.6M	$26.7M	50x	as long as short
Bybit GRAMUSDT	+0.0100%	4h	1.4510	0.000%	$30.7M	$14.0M	50x	as long as short
OKX GRAM-USDT-SWAP	+0.0100%	4h	1.4510	0.000%	$8.7M	$8.5M	50x	as long as short
Gate GRAM_USDT	+0.0100%	4h	1.4511	+0.007%	$3.7M	$3.3M	75x	as long as short
MEXC GRAM_USDT	+0.0100%	4h	1.4510	0.000%	$15.4M	$2.8M	20x	as long as short
KuCoin GRAMUSDTMshort	+0.0100%	4h	1.4509	−0.007%	$8.6M	$10.9M	50x
Bitget GRAMUSDT	+0.0100%	4h	1.4508	−0.014%	$7.2M	$3.9M	50x	as long as short
Backpack GRAM_USDC_PERP	+0.0100%	1h	1.4514	+0.028%	$45K	$13K	10x	as long as short
edgeX GRAMUSDC	+0.0100%	4h	1.4539	+0.196%	$17K	$271K	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	1.4560	+0.345%	$14K	$593K	50x	as long as short
Orderly PERP_GRAM_USDC_mythos	+0.0100%	4h	1.4510	0.000%	$2K	$1K	10x	as long as short
SunX GRAM-USDT	+0.0100%	4h	1.4536	+0.179%	$7K	$590K	10x	as long as short
Phemex GRAMUSDTlong	+0.0100%	4h	1.4510	long leg	$1.6M	$1.7M	20x
Extended GRAM-USD	+0.0104%	1h	1.4508	−0.012%	$170K	$123K	5x	as long as short
Injective GRAM/USDC PERP	+0.0132%	1h	1.4490	−0.138%	$4K	$143K	12x	as long as short
Hyperliquid GRAM	+0.0151%	1h	1.4530	+0.138%	$35.8M	$6.9M	5x	as long as short
Aster GRAMUSDT	+0.0248%	4h	1.4535	+0.169%	$967K	$102K	50x	as long as short
BloFin GRAM-USDT	+0.0340%	4h	1.4520	+0.069%	$1.4M	$210K	50x	as long as short
Lighter GRAM	+0.0776%	1h	1.4539	+0.201%	$2.7M	$2.5M	20x	as long as short
HTX GRAM-USDT	+0.1003%	4h	1.4583	+0.503%	$338K	$629K	30x	as long as short