Funding arb · Price arb /

GRAM

all GRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0307%/8h= −33.6% APRpaid last 24h −0.115%

Price spread now: Injective against BloFin+0.207%7-day average −0.032% · you sell dearer than you buy

Net, funding: paid 7d − costs−$170as in the Funding arb table

Net, price: spread back to 7d avg − costs−$88as in the Price arb table

costs, in and out, $10k−$1121.120% of the position

Long on BloFin Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days−0.584%−$58 on $10k

Price spread, last 4 days (all we have)−0.646%−$65 · spread now +0.207%, 7d avg −0.032%

Together, before fees−1.229%−$123 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Injective is 0.239% dearer against BloFin than usual: you sell high and buy low (spread +0.207% now, against its 7-day average of −0.032%): +$24 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 2.6 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin GRAM-USDT	1.4460	0.0340	pay 0.0170% / 4h	1h 04m	$1.4M	$207K	50x
Short	Injective GRAM/USDC PERP	1.4490	0.0033	get 0.0004% / 1h	4m 41s	$4K	$143K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against BloFin. 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 BloFinbpFee InjectivebpOrdersPrice spread, now +0.207%Rate

Funding earned: −$64.4
Price spread: +0.207% → −0.032%: $23.93
Slippage, 4 orders: −$100
Fee BloFin: 6 bp × 2 orders: −$12
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$152.49
Costs to cover: 1.120%
Break-even: never at this rate

Slippage from BloFin: live order book, 3 min ago; Injective: live order book, 39 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 BloFin live order book, 3 min ago	6.91 bp	23.1 bp −$23	40.0 bp −$400	308.5 bp −$30.8K	doesn't fit
Sell Injective live order book, 39 min ago	37.97 bp	38.0 bp −$38	doesn't fit	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 PERPshort	+0.0033%	1h	1.4490	+0.207%	$4K	$143K	12x
Paradex GRAM-USD-PERP	+0.0100%	8h	1.4463	+0.020%	$2K	$19	5x	as long as short
Binance GRAMUSDT	+0.0100%	4h	1.4464	+0.031%	$20.6M	$28.2M	50x	as long as short
Bybit GRAMUSDT	+0.0100%	4h	1.4460	0.000%	$30.7M	$13.8M	50x	as long as short
OKX GRAM-USDT-SWAP	+0.0100%	4h	1.4460	0.000%	$8.7M	$8.6M	50x	as long as short
Gate GRAM_USDT	+0.0100%	4h	1.4468	+0.055%	$3.6M	$3.4M	75x	as long as short
MEXC GRAM_USDT	+0.0100%	4h	1.4460	0.000%	$15.2M	$2.6M	20x	as long as short
KuCoin GRAMUSDTM	+0.0100%	4h	1.4471	+0.076%	$8.8M	$10.4M	50x	as long as short
Bitget GRAMUSDT	+0.0100%	4h	1.4471	+0.076%	$7.2M	$4.1M	50x	as long as short
Backpack GRAM_USDC_PERP	+0.0100%	1h	1.4472	+0.083%	$53K	$16K	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	1.4476	+0.113%	$17K	$273K	10x	as long as short
ApeX Omni GRAMUSDT	+0.0100%	1h	1.4520	+0.415%	$14K	$607K	50x	as long as short
Orderly PERP_GRAM_USDC_mythos	+0.0100%	4h	1.4460	0.000%	$2K	$1K	10x	as long as short
SunX GRAM-USDT	+0.0100%	4h	1.4489	+0.201%	$6K	$597K	10x	as long as short
HTX GRAM-USDT	+0.0100%	4h	1.4498	+0.263%	$339K	$620K	30x	as long as short
Phemex GRAMUSDT	+0.0100%	4h	1.4460	0.000%	$1.5M	$1.8M	20x	as long as short
Extended GRAM-USD	+0.0104%	1h	1.4461	+0.005%	$169K	$123K	5x	as long as short
Aster GRAMUSDT	+0.0316%	4h	1.4480	+0.137%	$970K	$126K	50x	as long as short
Hyperliquid GRAM	+0.0316%	1h	1.4479	+0.130%	$35.7M	$7.2M	5x	as long as short
BloFin GRAM-USDTlong	+0.0340%	4h	1.4460	long leg	$1.4M	$207K	50x
Lighter GRAM	+0.0816%	1h	1.4494	+0.234%	$2.6M	$2.4M	20x	as long as short