Funding arb · Price arb /

GRAM

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0066%/8h= −7.3% APRpaid last 24h −0.037%

Price spread now: Injective against Paradex−0.012%7-day average — · you buy dearer than you sell

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

Long on Paradex Short on Injective

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

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex GRAM-USD-PERP	1.4492	0.0100	pay 0.0100% / 8h	7h 25m	$2K	$19	5x
Short	Injective GRAM/USDC PERP	1.4490	0.0033	get 0.0004% / 1h	25m 51s	$4K	$143K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now −0.012%Rate

Funding earned: −$13.96
Price spread: −0.012% → 0.000%: −$1.19
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$19.17
Costs to cover: 0.040%
Break-even: never at this rate

Slippage unknown: Paradex: no order-book sample; Injective: live order book, 28 min ago. 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 Injective live order book, 28 min ago	27.68 bp	27.7 bp −$28	doesn't fit	doesn't fit	doesn't fit

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 PERPshort	+0.0033%	1h	1.4490	−0.012%	$4K	$143K	12x
Paradex GRAM-USD-PERPlong	+0.0100%	8h	1.4492	long leg	$2K	$19	5x
Hyperliquid GRAM	+0.0100%	1h	1.4526	+0.237%	$35.7M	$7.0M	5x	as long as short
Binance GRAMUSDT	+0.0100%	4h	1.4510	+0.126%	$20.4M	$26.9M	50x	as long as short
Bybit GRAMUSDT	+0.0100%	4h	1.4510	+0.126%	$30.7M	$13.6M	50x	as long as short
OKX GRAM-USDT-SWAP	+0.0100%	4h	1.4510	+0.126%	$8.6M	$8.3M	50x	as long as short
Gate GRAM_USDT	+0.0100%	4h	1.4511	+0.133%	$3.7M	$3.2M	75x	as long as short
MEXC GRAM_USDT	+0.0100%	4h	1.4500	+0.057%	$15.5M	$2.6M	20x	as long as short
KuCoin GRAMUSDTM	+0.0100%	4h	1.4509	+0.119%	$8.9M	$10.8M	50x	as long as short
Bitget GRAMUSDT	+0.0100%	4h	1.4510	+0.126%	$7.2M	$3.8M	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	1.4517	+0.174%	$54K	$20K	10x	as long as short
edgeX GRAMUSDC	+0.0100%	4h	1.4468	−0.163%	$17K	$271K	10x	as long as short
ApeX Omni GRAMUSDT	+0.0100%	1h	1.4460	−0.219%	$14K	$600K	50x	as long as short
Orderly PERP_GRAM_USDC_mythos	+0.0100%	4h	1.4500	+0.057%	$2K	$1K	10x	as long as short
SunX GRAM-USDT	+0.0100%	4h	1.4497	+0.036%	$6K	$589K	10x	as long as short
Phemex GRAMUSDT	+0.0100%	4h	1.4500	+0.057%	$1.6M	$1.7M	20x	as long as short
Extended GRAM-USD	+0.0104%	1h	1.4501	+0.065%	$169K	$123K	5x	as long as short
HTX GRAM-USDT	+0.0217%	4h	1.4523	+0.216%	$338K	$619K	30x	as long as short
Aster GRAMUSDT	+0.0255%	4h	1.4502	+0.069%	$976K	$110K	50x	as long as short
BloFin GRAM-USDT	+0.0340%	4h	1.4490	−0.012%	$1.4M	$203K	50x	as long as short
Lighter GRAM	+0.0368%	1h	1.4524	+0.222%	$2.6M	$2.4M	20x	as long as short