Funding arb · Price arb /

GRAM

all GRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h −0.039%

Price spread now: Injective against edgeX+0.734%7-day average +0.008% · you sell dearer than you buy

Net, funding: paid 7d − costs−$132as in the Funding arb table

Net, price: spread back to 7d avg − costs−$48as in the Price arb table

costs, in and out, $10k−$1201.203% of the position

Long on edgeX Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days−0.119%−$12 on $10k

Price spread, last 4 days (all we have)−1.037%−$104 · spread now +0.734%, 7d avg +0.008%

Together, before fees−1.157%+ Points / potential airdropedgeX: Active · farm board−$116 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Injective is 0.725% dearer against edgeX than usual: you sell high and buy low (spread +0.734% now, against its 7-day average of +0.008%): +$73 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 36 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX GRAMUSDC	1.4384	0.0100	pay 0.0050% / 4h	19m 42s	$17K	$274K	10x
Short	Injective GRAM/USDC PERP	1.4490	0.0033	get 0.0004% / 1h	19m 42s	$4K	$143K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against edgeX. 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 edgeXbpFee InjectivebpOrdersPrice spread, now +0.734%Rate

Funding earned: −$14
Price spread: +0.734% → +0.008%: $72.53
Slippage, 4 orders: −$111.24
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$61.73
Costs to cover: 1.203%
Break-even: never at this rate

Slippage from edgeX: live order book, 38 min ago; Injective: live order book, 19 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 edgeX live order book, 38 min ago	17.31 bp	21.8 bp −$22	42.9 bp −$429	doesn't fit	doesn't fit
Sell Injective live order book, 19 min ago	38.31 bp	38.3 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	+0.734%	$4K	$143K	12x
Lighter GRAM	+0.0096%	1h	1.4398	+0.093%	$2.3M	$2.9M	20x	as long as short
Paradex GRAM-USD-PERP	+0.0097%	8h	1.4385	+0.006%	$2K	$19	5x	as long as short
Hyperliquid GRAM	+0.0100%	1h	1.4400	+0.108%	$35.4M	$7.3M	5x	as long as short
Binance GRAMUSDT	+0.0100%	4h	1.4390	+0.039%	$20.4M	$28.7M	50x	as long as short
Bybit GRAMUSDT	+0.0100%	4h	1.4390	+0.039%	$30.3M	$14.1M	50x	as long as short
OKX GRAM-USDT-SWAP	+0.0100%	4h	1.4380	−0.031%	$8.6M	$8.7M	50x	as long as short
Gate GRAM_USDT	+0.0100%	4h	1.4390	+0.039%	$3.6M	$3.5M	75x	as long as short
MEXC GRAM_USDT	+0.0100%	4h	1.4390	+0.039%	$15.4M	$2.6M	20x	as long as short
KuCoin GRAMUSDTM	+0.0100%	4h	1.4390	+0.039%	$8.8M	$10.5M	50x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget GRAMUSDT	+0.0100%	4h	1.4389	+0.032%	$7.1M	$4.2M	50x	as long as short
edgeX GRAMUSDClong	+0.0100%	4h	1.4384	long leg	$17K	$274K	10x
ApeX Omni GRAMUSDT	+0.0100%	1h	1.4400	+0.108%	$14K	$614K	50x	as long as short
Orderly PERP_GRAM_USDC_mythos	+0.0100%	4h	1.4390	+0.039%	$2K	$1K	10x	as long as short
SunX GRAM-USDT	+0.0100%	4h	1.4416	+0.219%	$6K	$612K	10x	as long as short
HTX GRAM-USDT	+0.0100%	4h	1.4432	+0.331%	$327K	$688K	30x	as long as short
Phemex GRAMUSDT	+0.0100%	4h	1.4390	+0.039%	$1.5M	$1.8M	20x	as long as short
Extended GRAM-USD	+0.0104%	1h	1.4386	+0.012%	$168K	$123K	5x	as long as short
Aster GRAMUSDT	+0.0161%	4h	1.4406	+0.148%	$965K	$127K	50x	as long as short
Backpack GRAM_USDC_PERP	+0.0230%	1h	1.4397	+0.087%	$53K	$16K	10x	as long as short
BloFin GRAM-USDT	+0.0340%	4h	1.4390	+0.039%	$1.4M	$229K	50x	as long as short