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 −0.011%

Price spread now: MEXC against HTX−0.097%7-day average −0.266% · you buy dearer than you sell

Net, funding: paid 7d − costs−$105as in the Funding arb table

Net, price: spread back to 7d avg − costs−$47as in the Price arb table

costs, in and out, $10k−$640.636% of the position

Long on HTX Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.411%−$41 on $10k

Price spread, last 4 days (all we have)−0.431%−$43 · spread now −0.097%, 7d avg −0.266%

Together, before fees−0.843%−$84 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: MEXC is 0.169% dearer against HTX than usual: you sell high and buy low, +$17 on $10k if it goes back to its 7-day average of −0.266%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX GRAM-USDT	1.4414	0.0100	pay 0.0050% / 4h	15m 15s	$326K	$688K	30x
Short	MEXC GRAM_USDT	1.4400	0.0100	get 0.0050% / 4h	15m 15s	$15.4M	$2.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against HTX. 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 HTXbpFee MEXCbpOrdersPrice spread, now −0.097%Rate

Funding earned: $0
Price spread: −0.097% → −0.266%: $16.88
Slippage, 4 orders: −$47.61
Fee HTX: 6 bp × 2 orders: −$12
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$46.73
Costs to cover: 0.636%
Break-even: never at this rate

Slippage from HTX: live order book, 43 min ago; MEXC: live order book, 3 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 HTX live order book, 43 min ago	17.58 bp	29.1 bp −$29	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 3 min ago	3.48 bp	5.5 bp −$5	12.6 bp −$126	69.6 bp −$6,960	305.7 bp −$152.8K

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	+0.527%	$4K	$143K	12x	as long as short
Lighter GRAM	+0.0096%	1h	1.4409	−0.037%	$2.3M	$2.9M	20x	as long as short
Paradex GRAM-USD-PERP	+0.0097%	8h	1.4389	−0.172%	$2K	$19	5x	as long as short
Hyperliquid GRAM	+0.0100%	1h	1.4411	−0.021%	$35.4M	$7.3M	5x	as long as short
Binance GRAMUSDT	+0.0100%	4h	1.4399	−0.102%	$20.4M	$28.8M	50x	as long as short
Bybit GRAMUSDT	+0.0100%	4h	1.4400	−0.097%	$30.3M	$14.1M	50x	as long as short
OKX GRAM-USDT-SWAP	+0.0100%	4h	1.4390	−0.167%	$8.6M	$8.7M	50x	as long as short
Gate GRAM_USDT	+0.0100%	4h	1.4400	−0.097%	$3.6M	$3.5M	75x	as long as short
MEXC GRAM_USDTshort	+0.0100%	4h	1.4400	−0.097%	$15.4M	$2.6M	20x
KuCoin GRAMUSDTM	+0.0100%	4h	1.4399	−0.104%	$8.9M	$10.4M	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	1.4400	−0.097%	$7.1M	$4.2M	50x	as long as short
edgeX GRAMUSDC	+0.0100%	4h	1.4379	−0.240%	$17K	$275K	10x	as long as short
ApeX Omni GRAMUSDT	+0.0100%	1h	1.4390	−0.167%	$14K	$614K	50x	as long as short
Orderly PERP_GRAM_USDC_mythos	+0.0100%	4h	1.4400	−0.097%	$2K	$1K	10x	as long as short
SunX GRAM-USDT	+0.0100%	4h	1.4417	+0.021%	$6K	$612K	10x	as long as short
HTX GRAM-USDTlong	+0.0100%	4h	1.4414	long leg	$326K	$688K	30x
Phemex GRAMUSDT	+0.0100%	4h	1.4390	−0.167%	$1.5M	$1.8M	20x	as long as short
Extended GRAM-USD	+0.0104%	1h	1.4396	−0.124%	$168K	$123K	5x	as long as short
Aster GRAMUSDT	+0.0136%	4h	1.4413	−0.007%	$966K	$127K	50x	as long as short
Backpack GRAM_USDC_PERP	+0.0232%	1h	1.4389	−0.173%	$53K	$16K	10x	as long as short
BloFin GRAM-USDT	+0.0340%	4h	1.4380	−0.236%	$1.4M	$229K	50x	as long as short