Funding arb · Price arb /

GRAM

all GRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.001%

Price spread now: OKX against Phemex0.000%7-day average −0.047% · you sell dearer than you buy

Net, funding: paid 7d − costs−$172as in the Funding arb table

Net, price: spread back to 7d avg − costs−$163as in the Price arb table

costs, in and out, $10k−$1681.675% of the position

Long on Phemex Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.043%−$4 on $10k

Price spread, last 4 days (all we have)−0.117%−$12 · spread now 0.000%, 7d avg −0.047%

Together, before fees−0.160%−$16 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: OKX is 0.047% dearer against Phemex than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.047%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex GRAMUSDT	1.4370	0.0100	pay 0.0050% / 4h	1h 14m	$1.6M	$1.7M	20x
Short	OKX GRAM-USDT-SWAP	1.4370	0.0100	get 0.0050% / 4h	1h 14m	$8.6M	$8.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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

Position, each leg$Hold fordaysFee PhemexbpFee OKXbpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → −0.047%: $4.69
Slippage, 4 orders: −$145.51
Fee Phemex: 6 bp × 2 orders: −$12
Fee OKX: 5 bp × 2 orders: −$10
Net: −$162.82
Costs to cover: 1.675%
Break-even: never at this rate

Slippage from Phemex: live order book, 3 min ago; OKX: 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 Phemex live order book, 3 min ago	6.95 bp	69.8 bp −$70	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 3 min ago	3.48 bp	15.2 bp −$15	35.6 bp −$356	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	+0.0033%	1h	1.4490	+0.835%	$4K	$143K	12x	as long as short
Lighter GRAM	+0.0096%	1h	1.4387	+0.116%	$2.3M	$2.9M	20x	as long as short
Binance GRAMUSDT	+0.0100%	4h	1.4374	+0.029%	$20.3M	$27.3M	50x	as long as short
Bybit GRAMUSDT	+0.0100%	4h	1.4360	−0.070%	$30.4M	$13.4M	50x	as long as short
OKX GRAM-USDT-SWAPshort	+0.0100%	4h	1.4370	0.000%	$8.6M	$8.1M	50x
Gate GRAM_USDT	+0.0100%	4h	1.4375	+0.035%	$3.6M	$3.5M	75x	as long as short
MEXC GRAM_USDT	+0.0100%	4h	1.4370	0.000%	$16.3M	$2.7M	20x	as long as short
KuCoin GRAMUSDTM	+0.0100%	4h	1.4378	+0.056%	$9.0M	$10.2M	50x	as long as short
Bitget GRAMUSDT	+0.0100%	4h	1.4370	0.000%	$7.0M	$4.0M	50x	as long as short
edgeX GRAMUSDC	+0.0100%	4h	1.4373	+0.023%	$17K	$276K	10x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
ApeX Omni GRAMUSDT	+0.0100%	1h	1.4380	+0.070%	$14K	$618K	50x	as long as short
Orderly PERP_GRAM_USDC_mythos	+0.0100%	4h	1.4370	0.000%	$2K	$1K	10x	as long as short
SunX GRAM-USDT	+0.0100%	4h	1.4407	+0.257%	$6K	$557K	10x	as long as short
HTX GRAM-USDT	+0.0100%	4h	1.4409	+0.271%	$324K	$600K	30x	as long as short
Phemex GRAMUSDTlong	+0.0100%	4h	1.4370	long leg	$1.6M	$1.7M	20x
Paradex GRAM-USD-PERP	+0.0100%	8h	1.4372	+0.015%	$2K	$31	5x	as long as short
Extended GRAM-USD	+0.0104%	1h	1.4370	0.000%	$168K	$122K	5x	as long as short
Backpack GRAM_USDC_PERP	+0.0140%	1h	1.4379	+0.063%	$53K	$16K	10x	as long as short
Aster GRAMUSDT	+0.0165%	4h	1.4396	+0.178%	$965K	$118K	50x	as long as short
Hyperliquid GRAM	+0.0191%	1h	1.4387	+0.118%	$35.4M	$7.6M	5x	as long as short
BloFin GRAM-USDT	+0.0340%	4h	1.4380	+0.070%	$1.4M	$239K	50x	as long as short