Funding arb · Price arb /

GRAM

all GRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.001%

Price spread now: Phemex against OKX−0.069%53s7-day average +0.048% · you buy dearer than you sell

Net, funding: paid 7d − costs−$150as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1551.550% of the position

Long on OKX Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days+0.048%+$5 on $10k

Price spread, last 3 days (all we have)+0.264%+$26 · spread now −0.069%, 7d avg +0.048%

Together, before fees+0.312%+$31 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: Phemex is 0.117% cheaper against OKX than usual: you would sell low and buy high, −$12 on $10k if it goes back to its 7-day average of +0.048%. The two prices were read 53 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX GRAM-USDT-SWAP	1.4510	0.0100	pay 0.0050% / 4h	1h 45m	$8.7M	$8.5M	50x
Short	Phemex GRAMUSDT	1.4500	0.0100	get 0.0050% / 4h	1h 45m	$1.6M	$1.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against OKX. 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 OKXbpFee PhemexbpOrdersPrice spread, now −0.069%Rate

Funding earned: $0
Price spread: −0.069% → +0.048%: −$11.71
Slippage, 4 orders: −$133.02
Fee OKX: 5 bp × 2 orders: −$10
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$166.73
Costs to cover: 1.550%
Break-even: never at this rate

Slippage from OKX: live order book, 3 min ago; Phemex: 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 OKX live order book, 3 min ago	3.45 bp	15.1 bp −$15	38.3 bp −$383	doesn't fit	doesn't fit
Sell Phemex live order book, 3 min ago	3.45 bp	58.6 bp −$59	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 PERP	−0.0387%	1h	1.4490	−0.138%	$4K	$143K	12x	as long as short
Paradex GRAM-USD-PERP	+0.0099%	8h	1.4515	+0.034%	$2K	$30	5x	as long as short
Binance GRAMUSDT	+0.0100%	4h	1.4520	+0.069%	$20.6M	$26.7M	50x	as long as short
Bybit GRAMUSDT	+0.0100%	4h	1.4520	+0.069%	$30.7M	$14.0M	50x	as long as short
OKX GRAM-USDT-SWAPlong	+0.0100%	4h	1.4510	long leg	$8.7M	$8.5M	50x
Gate GRAM_USDT	+0.0100%	4h	1.4518	+0.055%	$3.7M	$3.2M	75x	as long as short
MEXC GRAM_USDT	+0.0100%	4h	1.4520	+0.069%	$15.5M	$2.8M	20x	as long as short
KuCoin GRAMUSDTM	+0.0100%	4h	1.4519	+0.062%	$8.6M	$10.9M	50x	as long as short
Bitget GRAMUSDT	+0.0100%	4h	1.4522	+0.083%	$7.2M	$3.8M	50x	as long as short
Backpack GRAM_USDC_PERP	+0.0100%	1h	1.4508	−0.014%	$45K	$13K	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	1.4487	−0.157%	$17K	$272K	10x	as long as short
ApeX Omni GRAMUSDT	+0.0100%	1h	1.4490	−0.138%	$13K	$589K	50x	as long as short
Orderly PERP_GRAM_USDC_mythos	+0.0100%	4h	1.4530	+0.138%	$2K	$1K	10x	as long as short
SunX GRAM-USDT	+0.0100%	4h	1.4536	+0.179%	$7K	$590K	10x	as long as short
Phemex GRAMUSDTshort	+0.0100%	4h	1.4500	−0.069%	$1.6M	$1.7M	20x
Extended GRAM-USD	+0.0104%	1h	1.4516	+0.040%	$169K	$123K	5x	as long as short
Aster GRAMUSDT	+0.0236%	4h	1.4539	+0.197%	$967K	$98K	50x	as long as short
BloFin GRAM-USDT	+0.0340%	4h	1.4470	−0.276%	$1.4M	$209K	50x	as long as short
Hyperliquid GRAM	+0.0456%	1h	1.4540	+0.207%	$35.9M	$6.9M	5x	as long as short
HTX GRAM-USDT	+0.0684%	4h	1.4524	+0.096%	$337K	$621K	30x	as long as short
Lighter GRAM	+0.0752%	1h	1.4549	+0.272%	$2.7M	$2.3M	20x	as long as short