Funding arb · Price arb /

GRAM

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h +0.043%

Price spread now: Orderly against Injective−0.207%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Injective Short on Orderly

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 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. Orderly is 0.207% cheaper against Injective than usual: you would sell low and buy high (spread −0.207% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$21 on $10k: about 10 days of funding at the current rate (+$2 a day).

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	20m 40s	$4K	$143K	12x
Short	Orderly PERP_GRAM_USDC_mythos	1.4460	0.0100	get 0.0050% / 4h	20m 40s	$2K	$1K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now −0.207%Rate

Funding earned: $14
Price spread: −0.207% → 0.000%: −$20.7
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$12.72
Costs to cover: 0.060%
Break-even: 13.4 days

Slippage unknown: Injective: live order book, 38 min ago; 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Injective live order book, 38 min ago	34.55 bp	47.8 bp −$48	doesn't fit	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

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.

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	1.4456	−0.234%	$2K	$30	5x	as long as short
Hyperliquid GRAM	+0.0100%	1h	1.4475	−0.103%	$35.6M	$7.0M	5x	as long as short
Binance GRAMUSDT	+0.0100%	4h	1.4463	−0.189%	$20.4M	$27.0M	50x	as long as short
Bybit GRAMUSDT	+0.0100%	4h	1.4460	−0.207%	$30.6M	$14.0M	50x	as long as short
OKX GRAM-USDT-SWAP	+0.0100%	4h	1.4460	−0.207%	$8.6M	$8.5M	50x	as long as short
Gate GRAM_USDT	+0.0100%	4h	1.4465	−0.173%	$3.7M	$3.2M	75x	as long as short
MEXC GRAM_USDT	+0.0100%	4h	1.4460	−0.207%	$15.4M	$2.7M	20x	as long as short
KuCoin GRAMUSDTM	+0.0100%	4h	1.4466	−0.166%	$8.9M	$10.9M	50x	as long as short
Bitget GRAMUSDT	+0.0100%	4h	1.4462	−0.193%	$7.2M	$3.9M	50x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Backpack GRAM_USDC_PERP	+0.0100%	1h	1.4466	−0.166%	$43K	$15K	10x	as long as short
edgeX GRAMUSDC	+0.0100%	4h	1.4441	−0.336%	$17K	$272K	10x	as long as short
ApeX Omni GRAMUSDT	+0.0100%	1h	1.4450	−0.276%	$14K	$598K	50x	as long as short
Orderly PERP_GRAM_USDC_mythosshort	+0.0100%	4h	1.4460	−0.207%	$2K	$1K	10x
SunX GRAM-USDT	+0.0100%	4h	1.4487	−0.021%	$7K	$591K	10x	as long as short
Phemex GRAMUSDT	+0.0100%	4h	1.4460	−0.207%	$1.6M	$1.7M	20x	as long as short
Extended GRAM-USD	+0.0104%	1h	1.4462	−0.191%	$169K	$123K	5x	as long as short
Aster GRAMUSDT	+0.0150%	4h	1.4486	−0.030%	$969K	$104K	50x	as long as short
HTX GRAM-USDT	+0.0287%	4h	1.4519	+0.200%	$336K	$631K	30x	as long as short
BloFin GRAM-USDT	+0.0340%	4h	1.4470	−0.138%	$1.4M	$205K	50x	as long as short
Lighter GRAM	+0.0872%	1h	1.4495	+0.032%	$2.7M	$2.3M	20x	as long as short