Funding arb · Price arb /

GRAM

all GRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h −0.043%

Price spread now: Injective against Gate+1.201%99s7-day average −0.010% · you sell dearer than you buy

Net, funding: paid 7d − costs−$116as 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−$1081.076% of the position

Long on Gate Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days−0.081%−$8 on $10k

Price spread, last 4 days (all we have)−1.671%−$167 · spread now +1.201%, 7d avg −0.010%

Together, before fees−1.752%−$175 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Injective is 1.211% dearer against Gate than usual: you sell high and buy low (spread +1.201% now, against its 7-day average of −0.010%): +$121 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 2 months. The two prices were read 99 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	Gate GRAM_USDT	1.4318	0.0100	pay 0.0050% / 4h	3h 53m	$3.6M	$3.4M	75x
Short	Injective GRAM/USDC PERP	1.4490	0.0033	get 0.0004% / 1h	53m 41s	$4K	$143K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against Gate. 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 GatebpFee InjectivebpOrdersPrice spread, now +1.201%Rate

Funding earned: −$14
Price spread: +1.201% → −0.010%: $121.1
Slippage, 4 orders: −$92.63
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$0.54
Costs to cover: 1.076%
Break-even: from the start

Slippage from Gate: live order book, 4 min ago; Injective: live order book, 25 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 Gate live order book, 4 min ago	6.28 bp	14.7 bp −$15	73.2 bp −$732	doesn't fit	doesn't fit
Sell Injective live order book, 25 min ago	38.39 bp	38.4 bp −$38	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 PERPshort	+0.0033%	1h	1.4490	+1.201%	$4K	$143K	12x
Binance GRAMUSDT	+0.0100%	4h	1.4318	0.000%	$20.1M	$27.3M	50x	as long as short
Bybit GRAMUSDT	+0.0100%	4h	1.4315	−0.021%	$30.3M	$13.4M	50x	as long as short
OKX GRAM-USDT-SWAP	+0.0100%	4h	1.4310	−0.056%	$8.6M	$8.0M	50x	as long as short
Gate GRAM_USDTlong	+0.0100%	4h	1.4318	long leg	$3.6M	$3.4M	75x
MEXC GRAM_USDT	+0.0100%	4h	1.4310	−0.056%	$16.3M	$2.6M	20x	as long as short
KuCoin GRAMUSDTM	+0.0100%	4h	1.4316	−0.014%	$8.8M	$9.9M	50x	as long as short
Bitget GRAMUSDT	+0.0100%	4h	1.4311	−0.049%	$7.0M	$4.0M	50x	as long as short
edgeX GRAMUSDC	+0.0100%	4h	1.4322	+0.027%	$16K	$274K	10x	as long as short
ApeX Omni GRAMUSDT	+0.0100%	1h	1.4320	+0.014%	$14K	$616K	50x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_GRAM_USDC_mythos	+0.0100%	4h	1.4320	+0.014%	$2K	$1K	10x	as long as short
SunX GRAM-USDT	+0.0100%	4h	1.4337	+0.133%	$6K	$557K	10x	as long as short
HTX GRAM-USDT	+0.0100%	4h	1.4330	+0.084%	$304K	$639K	30x	as long as short
Phemex GRAMUSDT	+0.0100%	4h	1.4310	−0.056%	$1.6M	$1.7M	20x	as long as short
Paradex GRAM-USD-PERP	+0.0100%	8h	1.4310	−0.052%	$2K	$31	5x	as long as short
Extended GRAM-USD	+0.0104%	1h	1.4314	−0.027%	$167K	$122K	5x	as long as short
Hyperliquid GRAM	+0.0104%	1h	1.4328	+0.070%	$35.2M	$7.6M	5x	as long as short
Lighter GRAM	+0.0168%	1h	1.4327	+0.065%	$2.3M	$2.8M	20x	as long as short
Aster GRAMUSDT	+0.0264%	4h	1.4344	+0.182%	$967K	$124K	50x	as long as short
Backpack GRAM_USDC_PERP	+0.0276%	1h	1.4324	+0.042%	$53K	$15K	10x	as long as short
BloFin GRAM-USDT	+0.0340%	4h	1.4320	+0.014%	$1.4M	$243K	50x	as long as short