Funding arb · Price arb /

GRAM

all GRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0240%/8h= −26.3% APRpaid last 24h −0.072%

Price spread now: ApeX Omni against BloFin+0.208%7-day average +0.002% · you sell dearer than you buy

Net, funding: paid 7d − costs−$127as in the Funding arb table

Net, price: spread back to 7d avg − costs−$66as in the Price arb table

costs, in and out, $10k−$870.869% of the position

Long on BloFin Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days−0.397%−$40 on $10k

Price spread, last 4 days (all we have)−0.390%−$39 · spread now +0.208%, 7d avg +0.002%

Together, before fees−0.787%−$79 on $10k · with fees, hour by hour

The price spread pays, funding is against you. ApeX Omni is 0.206% dearer against BloFin than usual: you sell high and buy low (spread +0.208% now, against its 7-day average of +0.002%): +$21 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 2.9 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin GRAM-USDT	1.4420	0.0340	pay 0.0170% / 4h	2h 02m	$1.4M	$242K	50x
Short	ApeX Omni GRAMUSDT	1.4450	0.0100	get 0.0013% / 1h	2m 05s	$14K	$615K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against BloFin. 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 BloFinbpFee ApeX OmnibpOrdersPrice spread, now +0.208%Rate

Funding earned: −$50.4
Price spread: +0.208% → +0.002%: $20.63
Slippage, 4 orders: −$64.91
Fee BloFin: 6 bp × 2 orders: −$12
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$116.68
Costs to cover: 0.869%
Break-even: never at this rate

Slippage from BloFin: live order book, 5 min ago; ApeX Omni: live order book, 46 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 BloFin live order book, 5 min ago	6.93 bp	12.9 bp −$13	28.3 bp −$283	375.4 bp −$37.5K	doesn't fit
Sell ApeX Omni live order book, 46 min ago	13.89 bp	23.4 bp −$23	151.7 bp −$1,517	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	+0.485%	$4K	$143K	12x	as long as short
Lighter GRAM	+0.0096%	1h	1.4450	+0.210%	$2.3M	$2.9M	20x	as long as short
Binance GRAMUSDT	+0.0100%	4h	1.4440	+0.139%	$20.4M	$27.5M	50x	as long as short
Bybit GRAMUSDT	+0.0100%	4h	1.4434	+0.097%	$30.5M	$13.6M	50x	as long as short
OKX GRAM-USDT-SWAP	+0.0100%	4h	1.4430	+0.069%	$8.6M	$8.1M	50x	as long as short
Gate GRAM_USDT	+0.0100%	4h	1.4438	+0.125%	$3.6M	$3.5M	75x	as long as short
MEXC GRAM_USDT	+0.0100%	4h	1.4430	+0.069%	$16.4M	$2.7M	20x	as long as short
KuCoin GRAMUSDTM	+0.0100%	4h	1.4432	+0.083%	$9.0M	$10.2M	50x	as long as short
Bitget GRAMUSDT	+0.0100%	4h	1.4440	+0.139%	$7.1M	$4.0M	50x	as long as short
edgeX GRAMUSDC	+0.0100%	4h	1.4433	+0.090%	$17K	$275K	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 GRAMUSDTshort	+0.0100%	1h	1.4450	+0.208%	$14K	$615K	50x
Orderly PERP_GRAM_USDC_mythos	+0.0100%	4h	1.4440	+0.139%	$2K	$1K	10x	as long as short
SunX GRAM-USDT	+0.0100%	4h	1.4457	+0.257%	$7K	$560K	10x	as long as short
HTX GRAM-USDT	+0.0100%	4h	1.4459	+0.270%	$332K	$584K	30x	as long as short
Phemex GRAMUSDT	+0.0100%	4h	1.4430	+0.069%	$1.6M	$1.8M	20x	as long as short
Paradex GRAM-USD-PERP	+0.0100%	8h	1.4433	+0.089%	$2K	$31	5x	as long as short
Extended GRAM-USD	+0.0104%	1h	1.4431	+0.075%	$169K	$123K	5x	as long as short
Aster GRAMUSDT	+0.0200%	4h	1.4454	+0.232%	$969K	$118K	50x	as long as short
BloFin GRAM-USDTlong	+0.0340%	4h	1.4420	long leg	$1.4M	$242K	50x
Hyperliquid GRAM	+0.0413%	1h	1.4459	+0.270%	$35.6M	$7.6M	5x	as long as short
Backpack GRAM_USDC_PERP	+0.0441%	1h	1.4447	+0.187%	$53K	$16K	10x	as long as short