Settings8H · net · $10k
Funding arb · Price arb /

GRAM

all GRAM markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: ApeX Omni against Phemex+0.070%7-day average −0.003% · you sell dearer than you buy
Net, funding: paid 7d − costs−$185as in the Funding arb table
Net, price: spread back to 7d avg − costs−$177as in the Price arb table
costs, in and out, $10k−$1851.846% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days0.000%$0 on $10k
Price spread, last 4 days (all we have)−0.143%−$14 · spread now +0.070%, 7d avg −0.003%
Together, before fees−0.143%−$14 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: ApeX Omni is 0.072% dearer against Phemex than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of −0.003%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPhemex GRAMUSDT1.43700.0100pay 0.0050% / 4h1h 15m$1.6M$1.7M20x
ShortApeX Omni GRAMUSDT1.43800.0100get 0.0013% / 1h15m 12s$14K$618K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against Phemex. 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

Funding earned
$0
Price spread: +0.070% → −0.003%
$7.22
Slippage, 4 orders
−$162.59
Fee Phemex: 6 bp × 2 orders
−$12
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
−$177.37
Costs to cover
1.846%
Break-even
never at this rate
Slippage from Phemex: live order book, 3 min ago; ApeX Omni: live order book, 28 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Phemex live order book, 3 min ago6.95 bp69.8 bp −$70doesn't fitdoesn't fitdoesn't fit
Sell ApeX Omni live order book, 28 min ago13.92 bp21.4 bp −$21117.6 bp −$1,176doesn't fitdoesn't fit

GRAM on 21 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective GRAM/USDC PERP+0.0033%1h1.4490+0.835%$4K$143K12xas long as short
Lighter GRAM+0.0096%1h1.4387+0.116%$2.3M$2.9M20xas long as short
Binance GRAMUSDT+0.0100%4h1.43700.000%$20.3M$27.3M50xas long as short
Bybit GRAMUSDT+0.0100%4h1.4367−0.021%$30.4M$13.4M50xas long as short
OKX GRAM-USDT-SWAP+0.0100%4h1.43700.000%$8.6M$8.1M50xas long as short
Gate GRAM_USDT+0.0100%4h1.4371+0.007%$3.6M$3.5M75xas long as short
MEXC GRAM_USDT+0.0100%4h1.4360−0.070%$16.3M$2.7M20xas long as short
KuCoin GRAMUSDTM+0.0100%4h1.4371+0.007%$9.0M$10.2M50xas long as short
Bitget GRAMUSDT+0.0100%4h1.4368−0.014%$7.0M$4.0M50xas long as short
edgeX GRAMUSDC+0.0100%4h1.4373+0.023%$17K$276K10xas long as short
Show all 21 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
ApeX Omni GRAMUSDTshort+0.0100%1h1.4380+0.070%$14K$618K50x
Orderly PERP_GRAM_USDC_mythos+0.0100%4h1.43700.000%$2K$1K10xas long as short
SunX GRAM-USDT+0.0100%4h1.4407+0.257%$6K$557K10xas long as short
HTX GRAM-USDT+0.0100%4h1.4409+0.271%$324K$600K30xas long as short
Phemex GRAMUSDTlong+0.0100%4h1.4370long leg$1.6M$1.7M20x
Paradex GRAM-USD-PERP+0.0100%8h1.4372+0.015%$2K$315xas long as short
Extended GRAM-USD+0.0104%1h1.4366−0.029%$168K$122K5xas long as short
Backpack GRAM_USDC_PERP+0.0151%1h1.4385+0.104%$53K$16K10xas long as short
Aster GRAMUSDT+0.0165%4h1.4393+0.160%$965K$118K50xas long as short
Hyperliquid GRAM+0.0190%1h1.4387+0.118%$35.4M$7.6M5xas long as short
BloFin GRAM-USDT+0.0340%4h1.4380+0.070%$1.4M$239K50xas long as short