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 +0.011%

Price spread now: HTX against edgeX+0.137%77s7-day average +0.280% · you sell dearer than you buy

Net, funding: paid 7d − costs−$57as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$970.966% of the position

Long on edgeX Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.395%+$40 on $10k

Price spread, last 4 days (all we have)+0.242%+$24 · spread now +0.137%, 7d avg +0.280%

Together, before fees+0.637%+ Points / potential airdropedgeX: Active · farm board+$64 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: HTX is 0.143% cheaper against edgeX than usual: you would sell low and buy high, −$14 on $10k if it goes back to its 7-day average of +0.280%. The two prices were read 77 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX GRAMUSDC	1.4441	0.0100	pay 0.0050% / 4h	2h 05m	$17K	$274K	10x
Short	HTX GRAM-USDT	1.4461	0.0100	get 0.0050% / 4h	2h 05m	$332K	$584K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against edgeX. 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 edgeXbpFee HTXbpOrdersPrice spread, now +0.137%Rate

Funding earned: $0
Price spread: +0.137% → +0.280%: −$14.28
Slippage, 4 orders: −$75.64
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee HTX: 6 bp × 2 orders: −$12
Net: −$110.92
Costs to cover: 0.966%
Break-even: never at this rate

Slippage from edgeX: live order book, 42 min ago; HTX: live order book, 43 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 edgeX live order book, 42 min ago	17.37 bp	21.9 bp −$22	42.7 bp −$427	doesn't fit	doesn't fit
Sell HTX live order book, 43 min ago	12.82 bp	20.0 bp −$20	doesn't fit	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	+0.338%	$4K	$143K	12x	as long as short
Lighter GRAM	+0.0096%	1h	1.4460	+0.129%	$2.3M	$2.9M	20x	as long as short
Binance GRAMUSDT	+0.0100%	4h	1.4441	−0.001%	$20.4M	$27.4M	50x	as long as short
Bybit GRAMUSDT	+0.0100%	4h	1.4440	−0.008%	$30.5M	$13.6M	50x	as long as short
OKX GRAM-USDT-SWAP	+0.0100%	4h	1.4430	−0.077%	$8.6M	$8.2M	50x	as long as short
Gate GRAM_USDT	+0.0100%	4h	1.4441	−0.001%	$3.6M	$3.5M	75x	as long as short
MEXC GRAM_USDT	+0.0100%	4h	1.4440	−0.008%	$16.7M	$2.7M	20x	as long as short
KuCoin GRAMUSDTM	+0.0100%	4h	1.4445	+0.026%	$9.0M	$10.2M	50x	as long as short
Bitget GRAMUSDT	+0.0100%	4h	1.4439	−0.015%	$7.1M	$4.0M	50x	as long as short
edgeX GRAMUSDClong	+0.0100%	4h	1.4441	long leg	$17K	$274K	10x

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
ApeX Omni GRAMUSDT	+0.0100%	1h	1.4430	−0.077%	$14K	$614K	50x	as long as short
Orderly PERP_GRAM_USDC_mythos	+0.0100%	4h	1.4440	−0.008%	$2K	$1K	10x	as long as short
SunX GRAM-USDT	+0.0100%	4h	1.4457	+0.110%	$7K	$559K	10x	as long as short
HTX GRAM-USDTshort	+0.0100%	4h	1.4461	+0.137%	$332K	$584K	30x
Phemex GRAMUSDT	+0.0100%	4h	1.4440	−0.008%	$1.6M	$1.8M	20x	as long as short
Paradex GRAM-USD-PERP	+0.0100%	8h	1.4442	+0.002%	$2K	$31	5x	as long as short
Extended GRAM-USD	+0.0104%	1h	1.4437	−0.029%	$169K	$123K	5x	as long as short
Aster GRAMUSDT	+0.0205%	4h	1.4455	+0.094%	$969K	$118K	50x	as long as short
BloFin GRAM-USDT	+0.0340%	4h	1.4410	−0.216%	$1.4M	$242K	50x	as long as short
Hyperliquid GRAM	+0.0416%	1h	1.4464	+0.158%	$35.7M	$7.6M	5x	as long as short
Backpack GRAM_USDC_PERP	+0.0453%	1h	1.4451	+0.068%	$53K	$16K	10x	as long as short