Funding arb · Price arb /

GRAM

all GRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h +0.050%

Price spread now: HTX against Injective+0.780%7-day average +0.289% · you sell dearer than you buy

Net, funding: paid 7d − costs−$76as in the Funding arb table

Net, price: spread back to 7d avg − costs−$80as in the Price arb table

costs, in and out, $10k−$1291.289% of the position

Long on Injective Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.531%+$53 on $10k

Price spread, last 3 days (all we have)+0.070%+$7 · spread now +0.780%, 7d avg +0.289%

Together, before fees+0.601%+$60 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and HTX is 0.490% dearer against Injective than usual: you sell high and buy low: +$49 more if the spread goes back to its 7-day average of +0.289%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective GRAM/USDC PERP	1.4490	0.0033	pay 0.0004% / 1h	2m 46s	$4K	$143K	12x
Short	HTX GRAM-USDT	1.4603	0.0100	get 0.0050% / 4h	3h 02m	$342K	$625K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Injective. 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 InjectivebpFee HTXbpOrdersPrice spread, now +0.780%Rate

Funding earned: $14
Price spread: +0.780% → +0.289%: $49.05
Slippage, 4 orders: −$116.88
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee HTX: 6 bp × 2 orders: −$12
Net: −$65.85
Costs to cover: 1.289%
Break-even: 39.9 days

Slippage from Injective: live order book, 51 min ago; HTX: live order book, 6 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 Injective live order book, 51 min ago	27.68 bp	47.6 bp −$48	doesn't fit	doesn't fit	doesn't fit
Sell HTX live order book, 6 min ago	17.38 bp	23.8 bp −$24	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 PERPlong	+0.0033%	1h	1.4490	long leg	$4K	$143K	12x
Paradex GRAM-USD-PERP	+0.0100%	8h	1.4557	+0.463%	$2K	$19	5x	as long as short
Binance GRAMUSDT	+0.0100%	4h	1.4572	+0.565%	$20.6M	$27.2M	50x	as long as short
Bybit GRAMUSDT	+0.0100%	4h	1.4560	+0.483%	$31.0M	$13.9M	50x	as long as short
OKX GRAM-USDT-SWAP	+0.0100%	4h	1.4560	+0.483%	$8.6M	$8.5M	50x	as long as short
Gate GRAM_USDT	+0.0100%	4h	1.4568	+0.538%	$3.7M	$3.3M	75x	as long as short
MEXC GRAM_USDT	+0.0100%	4h	1.4560	+0.483%	$15.6M	$2.7M	20x	as long as short
KuCoin GRAMUSDTM	+0.0100%	4h	1.4572	+0.566%	$8.9M	$10.8M	50x	as long as short
Bitget GRAMUSDT	+0.0100%	4h	1.4562	+0.497%	$7.2M	$3.9M	50x	as long as short
edgeX GRAMUSDC	+0.0100%	4h	1.4623	+0.920%	$17K	$273K	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	1.4630	+0.966%	$14K	$603K	50x	as long as short
Orderly PERP_GRAM_USDC_mythos	+0.0100%	4h	1.4560	+0.483%	$2K	$1K	10x	as long as short
SunX GRAM-USDT	+0.0100%	4h	1.4647	+1.084%	$6K	$593K	10x	as long as short
HTX GRAM-USDTshort	+0.0100%	4h	1.4603	+0.780%	$342K	$625K	30x
Phemex GRAMUSDT	+0.0100%	4h	1.4550	+0.414%	$1.6M	$1.7M	20x	as long as short
Extended GRAM-USD	+0.0104%	1h	1.4568	+0.538%	$170K	$123K	5x	as long as short
Backpack GRAM_USDC_PERP	+0.0209%	1h	1.4572	+0.566%	$54K	$20K	10x	as long as short
Hyperliquid GRAM	+0.0283%	1h	1.4593	+0.711%	$36.0M	$7.0M	5x	as long as short
BloFin GRAM-USDT	+0.0340%	4h	1.4600	+0.759%	$1.4M	$204K	50x	as long as short
Aster GRAMUSDT	+0.0434%	4h	1.4598	+0.748%	$983K	$115K	50x	as long as short
Lighter GRAM	+0.0496%	1h	1.4600	+0.761%	$2.6M	$2.4M	20x	as long as short