Funding arb · Price arb /

GRAM

all GRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.008%

Price spread now: MEXC against HTX−0.224%7-day average −0.263% · you buy dearer than you sell

Net, funding: paid 7d − costs−$89as in the Funding arb table

Net, price: spread back to 7d avg − costs−$47as in the Price arb table

costs, in and out, $10k−$510.508% of the position

Long on HTX Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.384%−$38 on $10k

Price spread, last 4 days (all we have)−0.305%−$30 · spread now −0.224%, 7d avg −0.263%

Together, before fees−0.689%−$69 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: MEXC is 0.039% dearer against HTX than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.263%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX GRAM-USDT	1.4292	0.0100	pay 0.0050% / 4h	1h 54m	$293K	$547K	30x
Short	MEXC GRAM_USDT	1.4260	0.0100	get 0.0050% / 4h	1h 54m	$15.6M	$2.5M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against HTX. 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 HTXbpFee MEXCbpOrdersPrice spread, now −0.224%Rate

Funding earned: $0
Price spread: −0.224% → −0.263%: $3.95
Slippage, 4 orders: −$34.82
Fee HTX: 6 bp × 2 orders: −$12
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$46.87
Costs to cover: 0.508%
Break-even: never at this rate

Slippage from HTX: live order book, 57 min ago; MEXC: 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 HTX live order book, 57 min ago	12.59 bp	19.4 bp −$19	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 3 min ago	2.80 bp	6.2 bp −$6	13.7 bp −$137	67.8 bp −$6,778	280.8 bp −$140.4K

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	+1.385%	$4K	$143K	12x	as long as short
Hyperliquid GRAM	+0.0100%	1h	1.4277	−0.105%	$35.0M	$7.0M	5x	as long as short
Binance GRAMUSDT	+0.0100%	4h	1.4263	−0.200%	$20.1M	$25.0M	50x	as long as short
Bybit GRAMUSDT	+0.0100%	4h	1.4264	−0.196%	$30.3M	$12.2M	50x	as long as short
OKX GRAM-USDT-SWAP	+0.0100%	4h	1.4260	−0.224%	$8.5M	$7.4M	50x	as long as short
Gate GRAM_USDT	+0.0100%	4h	1.4266	−0.182%	$3.6M	$3.2M	75x	as long as short
MEXC GRAM_USDTshort	+0.0100%	4h	1.4260	−0.224%	$15.6M	$2.5M	20x
KuCoin GRAMUSDTM	+0.0100%	4h	1.4264	−0.196%	$8.8M	$8.6M	50x	as long as short
Bitget GRAMUSDT	+0.0100%	4h	1.4261	−0.217%	$6.9M	$3.7M	50x	as long as short
Backpack GRAM_USDC_PERP	+0.0100%	1h	1.4272	−0.140%	$52K	$14K	10x	as long as short

Show all 21 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX GRAMUSDC	+0.0100%	4h	1.4281	−0.076%	$17K	$273K	10x	as long as short
ApeX Omni GRAMUSDT	+0.0100%	1h	1.4290	−0.014%	$14K	$622K	50x	as long as short
Orderly PERP_GRAM_USDC_mythos	+0.0100%	4h	1.4270	−0.154%	$2K	$1K	10x	as long as short
SunX GRAM-USDT	+0.0100%	4h	1.4286	−0.042%	$6K	$486K	10x	as long as short
HTX GRAM-USDTlong	+0.0100%	4h	1.4292	long leg	$293K	$547K	30x
Phemex GRAMUSDT	+0.0100%	4h	1.4270	−0.154%	$1.6M	$1.6M	20x	as long as short
Paradex GRAM-USD-PERP	+0.0100%	8h	1.4261	−0.220%	$2K	$31	5x	as long as short
Extended GRAM-USD	+0.0104%	1h	1.4262	−0.210%	$128K	$157K	5x	as long as short
Lighter GRAM	+0.0184%	1h	1.4282	−0.069%	$2.2M	$2.6M	20x	as long as short
BloFin GRAM-USDT	+0.0340%	4h	1.4260	−0.224%	$1.4M	$223K	50x	as long as short
Aster GRAMUSDT	+0.0450%	4h	1.4292	+0.002%	$963K	$118K	50x	as long as short