Funding arb · Price arb /

GRAM

all GRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.019%

Price spread now: ApeX Omni against Backpack+0.007%7-day average — · you sell dearer than you buy

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

Long on Backpack Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.106%+$11 on $10k

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

Together, before fees—needs both histories

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack GRAM_USDC_PERP	1.4189	0.0100	pay 0.0013% / 1h	29m 17s	$52K	$13K	10x
Short	ApeX Omni GRAMUSDT	1.4190	0.0100	get 0.0013% / 1h	29m 17s	$14K	$620K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Backpack. 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 BackpackbpFee ApeX OmnibpOrdersPrice spread, now +0.007%Rate

Funding earned: $0
Price spread: +0.007% → 0.000%: $0.7
Slippage, 4 orders: no order book: not counted
Fee Backpack: 5 bp × 2 orders: −$10
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$19.3
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: Backpack: no order-book sample; ApeX Omni: live order book, 17 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 Backpack no order-book sample	—	—	—	—	—
Sell ApeX Omni live order book, 17 min ago	10.53 bp	30.1 bp −$30	155.5 bp −$1,555	doesn't fit	doesn't fit

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 exchanges

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	+2.121%	$4K	$143K	12x	as long as short
Lighter GRAM	+0.0096%	1h	1.4199	+0.068%	$2.2M	$2.6M	20x	as long as short
Paradex GRAM-USD-PERP	+0.0100%	8h	1.4183	−0.039%	$2K	$31	5x	as long as short
Binance GRAMUSDT	+0.0100%	4h	1.4180	−0.063%	$20.0M	$24.8M	50x	as long as short
Bybit GRAMUSDT	+0.0100%	4h	1.4177	−0.085%	$29.7M	$12.2M	50x	as long as short
OKX GRAM-USDT-SWAP	+0.0100%	4h	1.4180	−0.063%	$8.5M	$7.4M	50x	as long as short
Gate GRAM_USDT	+0.0100%	4h	1.4182	−0.049%	$3.6M	$3.3M	75x	as long as short
MEXC GRAM_USDT	+0.0100%	4h	1.4170	−0.134%	$15.4M	$2.5M	20x	as long as short
KuCoin GRAMUSDTM	+0.0100%	4h	1.4182	−0.049%	$8.8M	$8.4M	50x	as long as short
Bitget GRAMUSDT	+0.0100%	4h	1.4177	−0.085%	$6.9M	$3.7M	50x	as long as short

Show all 21 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Backpack GRAM_USDC_PERPlong	+0.0100%	1h	1.4189	long leg	$52K	$13K	10x
edgeX GRAMUSDC	+0.0100%	4h	1.4169	−0.138%	$16K	$275K	10x	as long as short
ApeX Omni GRAMUSDTshort	+0.0100%	1h	1.4190	+0.007%	$14K	$620K	50x
Orderly PERP_GRAM_USDC_mythos	+0.0100%	4h	1.4180	−0.063%	$2K	$1K	10x	as long as short
SunX GRAM-USDT	+0.0100%	4h	1.4206	+0.120%	$6K	$478K	10x	as long as short
HTX GRAM-USDT	+0.0100%	4h	1.4200	+0.078%	$288K	$509K	30x	as long as short
Phemex GRAMUSDT	+0.0100%	4h	1.4170	−0.134%	$1.6M	$1.6M	20x	as long as short
Extended GRAM-USD	+0.0104%	1h	1.4171	−0.128%	$128K	$157K	5x	as long as short
Hyperliquid GRAM	+0.0178%	1h	1.4199	+0.070%	$34.8M	$6.9M	5x	as long as short
BloFin GRAM-USDT	+0.0340%	4h	1.4170	−0.134%	$1.4M	$219K	50x	as long as short
Aster GRAMUSDT	+0.0456%	4h	1.4200	+0.078%	$957K	$118K	50x	as long as short