Funding arb · Price arb /

GRAM

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.006%

Price spread now: Paradex against Orderly−0.034%7-day average — · you buy dearer than you sell

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

Long on Orderly Short on Paradex

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropParadex: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Paradex is 0.034% cheaper against Orderly than usual: you would sell low and buy high, −$3 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_GRAM_USDC_mythos	1.4450	0.0100	pay 0.0050% / 4h	3h 50m	$2K	$1K	10x
Short	Paradex GRAM-USD-PERP	1.4445	0.0100	get 0.0100% / 8h	7h 50m	$2K	$30	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against Orderly. 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 OrderlybpFee ParadexbpOrdersPrice spread, now −0.034%Rate

Funding earned: −$0.07
Price spread: −0.034% → 0.000%: −$3.38
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$13.45
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; Paradex: 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 Orderly no order-book sample	—	—	—	—	—
Sell Paradex no order-book sample	—	—	—	—	—

Orderly and Paradex: 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 PERP	+0.0033%	1h	1.4490	+0.277%	$4K	$143K	12x	as long as short
Paradex GRAM-USD-PERPshort	+0.0100%	8h	1.4445	−0.034%	$2K	$30	5x
Hyperliquid GRAM	+0.0100%	1h	1.4452	+0.017%	$35.5M	$7.0M	5x	as long as short
Binance GRAMUSDT	+0.0100%	4h	1.4444	−0.043%	$20.4M	$27.0M	50x	as long as short
Bybit GRAMUSDT	+0.0100%	4h	1.4441	−0.062%	$30.6M	$13.8M	50x	as long as short
OKX GRAM-USDT-SWAP	+0.0100%	4h	1.4440	−0.069%	$8.6M	$8.4M	50x	as long as short
Gate GRAM_USDT	+0.0100%	4h	1.4450	0.000%	$3.7M	$3.1M	75x	as long as short
MEXC GRAM_USDT	+0.0100%	4h	1.4450	0.000%	$15.4M	$2.6M	20x	as long as short
KuCoin GRAMUSDTM	+0.0100%	4h	1.4445	−0.035%	$8.9M	$10.9M	50x	as long as short
Bitget GRAMUSDT	+0.0100%	4h	1.4451	+0.007%	$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	1.4474	+0.166%	$52K	$19K	10x	as long as short
edgeX GRAMUSDC	+0.0100%	4h	1.4464	+0.098%	$17K	$272K	10x	as long as short
ApeX Omni GRAMUSDT	+0.0100%	1h	1.4470	+0.138%	$14K	$599K	50x	as long as short
Orderly PERP_GRAM_USDC_mythoslong	+0.0100%	4h	1.4450	long leg	$2K	$1K	10x
SunX GRAM-USDT	+0.0100%	4h	1.4467	+0.118%	$7K	$590K	10x	as long as short
Phemex GRAMUSDT	+0.0100%	4h	1.4450	0.000%	$1.6M	$1.7M	20x	as long as short
Extended GRAM-USD	+0.0104%	1h	1.4447	−0.021%	$169K	$123K	5x	as long as short
Lighter GRAM	+0.0136%	1h	1.4465	+0.102%	$2.7M	$2.3M	20x	as long as short
Aster GRAMUSDT	+0.0180%	4h	1.4474	+0.166%	$975K	$111K	50x	as long as short
HTX GRAM-USDT	+0.0201%	4h	1.4502	+0.360%	$336K	$618K	30x	as long as short
BloFin GRAM-USDT	+0.0340%	4h	1.4450	0.000%	$1.3M	$205K	50x	as long as short