Funding arb · Price arb /

GRAM

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.009%

Price spread now: Backpack against Paradex+0.124%7-day average — · you sell dearer than you buy

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

Long on Paradex Short on Backpack

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: Backpack is 0.124% dearer against Paradex than usual: you sell high and buy low, +$12 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	Paradex GRAM-USD-PERP	1.4480	0.0100	pay 0.0100% / 8h	26m 34s	$2K	$30	5x
Short	Backpack GRAM_USDC_PERP	1.4498	0.0100	get 0.0013% / 1h	26m 34s	$43K	$15K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against Paradex. 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 ParadexbpFee BackpackbpOrdersPrice spread, now +0.124%Rate

Funding earned: $0.06
Price spread: +0.124% → 0.000%: $12.4
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$1.54
Costs to cover: 0.140%
Break-even: 183.2 days

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

Paradex and Backpack: 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	+0.069%	$4K	$143K	12x	as long as short
Paradex GRAM-USD-PERPlong	+0.0100%	8h	1.4480	long leg	$2K	$30	5x
Hyperliquid GRAM	+0.0100%	1h	1.4495	+0.105%	$35.6M	$7.0M	5x	as long as short
Binance GRAMUSDT	+0.0100%	4h	1.4486	+0.043%	$20.4M	$27.0M	50x	as long as short
Bybit GRAMUSDT	+0.0100%	4h	1.4478	−0.014%	$30.7M	$14.0M	50x	as long as short
OKX GRAM-USDT-SWAP	+0.0100%	4h	1.4480	0.000%	$8.6M	$8.5M	50x	as long as short
Gate GRAM_USDT	+0.0100%	4h	1.4486	+0.041%	$3.7M	$3.2M	75x	as long as short
MEXC GRAM_USDT	+0.0100%	4h	1.4480	0.000%	$15.4M	$2.7M	20x	as long as short
KuCoin GRAMUSDTM	+0.0100%	4h	1.4481	+0.007%	$8.9M	$10.9M	50x	as long as short
Bitget GRAMUSDT	+0.0100%	4h	1.4481	+0.007%	$7.1M	$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_PERPshort	+0.0100%	1h	1.4498	+0.124%	$43K	$15K	10x
edgeX GRAMUSDC	+0.0100%	4h	1.4496	+0.111%	$17K	$270K	10x	as long as short
ApeX Omni GRAMUSDT	+0.0100%	1h	1.4510	+0.207%	$14K	$596K	50x	as long as short
Orderly PERP_GRAM_USDC_mythos	+0.0100%	4h	1.4480	0.000%	$2K	$1K	10x	as long as short
SunX GRAM-USDT	+0.0100%	4h	1.4517	+0.255%	$6K	$591K	10x	as long as short
Phemex GRAMUSDT	+0.0100%	4h	1.4490	+0.069%	$1.6M	$1.7M	20x	as long as short
Extended GRAM-USD	+0.0104%	1h	1.4484	+0.025%	$169K	$123K	5x	as long as short
Aster GRAMUSDT	+0.0153%	4h	1.4511	+0.211%	$966K	$104K	50x	as long as short
HTX GRAM-USDT	+0.0287%	4h	1.4525	+0.310%	$336K	$630K	30x	as long as short
BloFin GRAM-USDT	+0.0340%	4h	1.4490	+0.069%	$1.4M	$215K	50x	as long as short
Lighter GRAM	+0.0864%	1h	1.4519	+0.270%	$2.7M	$2.3M	20x	as long as short