Settings8H · net · $10k
Funding arb · Price arb /

GRAM

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.009%
Price spread now: Orderly against Backpack−0.090%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 5 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Orderly is 0.090% cheaper against Backpack than usual: you would sell low and buy high, −$9 on $10k if it goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBackpack GRAM_USDC_PERP1.44330.0100pay 0.0013% / 1h43m 55s$53K$16K10x
ShortOrderly PERP_GRAM_USDC_mythos1.44200.0100get 0.0050% / 4h43m 55s$2K$1K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Orderly against Backpack. 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

Funding earned
$0
Price spread: −0.090% → 0.000%
−$9.01
Slippage, 4 orders
no order book: not counted
Fee Backpack: 5 bp × 2 orders
−$10
Fee Orderly: 3 bp × 2 orders
−$6
Net
−$25.01
Costs to cover
0.160%
Break-even
never at this rate
Slippage unknown: Backpack: no order-book sample; Orderly: 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
LegHalf-spread$10k$100k$1M$5M
Buy Backpack no order-book sample
Sell Orderly no order-book sample
Backpack and Orderly: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective GRAM/USDC PERP+0.0033%1h1.4490+0.395%$4K$143K12xas long as short
Paradex GRAM-USD-PERP+0.0098%8h1.4399−0.234%$2K$195xas long as short
Hyperliquid GRAM+0.0100%1h1.4436+0.021%$35.5M$7.3M5xas long as short
Binance GRAMUSDT+0.0100%4h1.4417−0.113%$20.5M$28.5M50xas long as short
Bybit GRAMUSDT+0.0100%4h1.4404−0.201%$30.4M$14.0M50xas long as short
OKX GRAM-USDT-SWAP+0.0100%4h1.4410−0.159%$8.6M$8.6M50xas long as short
Gate GRAM_USDT+0.0100%4h1.4422−0.076%$3.6M$3.4M75xas long as short
MEXC GRAM_USDT+0.0100%4h1.4420−0.090%$15.1M$2.6M20xas long as short
KuCoin GRAMUSDTM+0.0100%4h1.4414−0.132%$8.7M$10.5M50xas long as short
Bitget GRAMUSDT+0.0100%4h1.4421−0.083%$7.2M$4.2M50xas long as short
Show all 21 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Backpack GRAM_USDC_PERPlong+0.0100%1h1.4433long leg$53K$16K10x
edgeX GRAMUSDC+0.0100%4h1.4358−0.518%$17K$275K10xas long as short
ApeX Omni GRAMUSDT+0.0100%1h1.4380−0.367%$14K$610K50xas long as short
Orderly PERP_GRAM_USDC_mythosshort+0.0100%4h1.4420−0.090%$2K$1K10x
SunX GRAM-USDT+0.0100%4h1.4439+0.042%$7K$602K10xas long as short
HTX GRAM-USDT+0.0100%4h1.4413−0.139%$335K$621K30xas long as short
Phemex GRAMUSDT+0.0100%4h1.4410−0.159%$1.5M$1.8M20xas long as short
Extended GRAM-USD+0.0104%1h1.4413−0.137%$168K$123K5xas long as short
Lighter GRAM+0.0208%1h1.4421−0.081%$2.3M$2.9M20xas long as short
Aster GRAMUSDT+0.0239%4h1.4420−0.090%$966K$126K50xas long as short
BloFin GRAM-USDT+0.0340%4h1.4390−0.298%$1.4M$229K50xas long as short