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 −0.009%

Price spread now: OKX against HTX−0.423%54s7-day average −0.301% · you buy dearer than you sell

Net, funding: paid 7d − costs−$105as 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−$670.675% of the position

Long on HTX Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.371%−$37 on $10k

Price spread, last 4 days (all we have)−0.060%−$6 · spread now −0.423%, 7d avg −0.301%

Together, before fees−0.431%−$43 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: OKX is 0.122% cheaper against HTX than usual: you would sell low and buy high, −$12 on $10k if it goes back to its 7-day average of −0.301%. The two prices were read 54 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	HTX GRAM-USDT	1.4411	0.0100	pay 0.0050% / 4h	3h 26m	$328K	$589K	30x
Short	OKX GRAM-USDT-SWAP	1.4350	0.0100	get 0.0050% / 4h	3h 26m	$8.6M	$8.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.423%Rate

Funding earned: $0
Price spread: −0.423% → −0.301%: −$12.2
Slippage, 4 orders: −$45.49
Fee HTX: 6 bp × 2 orders: −$12
Fee OKX: 5 bp × 2 orders: −$10
Net: −$79.69
Costs to cover: 0.675%
Break-even: never at this rate

Slippage from HTX: live order book, 27 min ago; OKX: live order book, 2 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, 27 min ago	6.60 bp	26.9 bp −$27	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 2 min ago	3.48 bp	15.4 bp −$15	33.7 bp −$337	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	+0.548%	$4K	$143K	12x	as long as short
Paradex GRAM-USD-PERP	+0.0100%	8h	1.4352	−0.412%	$2K	$19	5x	as long as short
Binance GRAMUSDT	+0.0100%	4h	1.4354	−0.395%	$20.3M	$28.0M	50x	as long as short
Bybit GRAMUSDT	+0.0100%	4h	1.4349	−0.430%	$30.3M	$13.8M	50x	as long as short
OKX GRAM-USDT-SWAPshort	+0.0100%	4h	1.4350	−0.423%	$8.6M	$8.3M	50x
Gate GRAM_USDT	+0.0100%	4h	1.4357	−0.375%	$3.6M	$3.4M	75x	as long as short
MEXC GRAM_USDT	+0.0100%	4h	1.4350	−0.423%	$16.1M	$2.7M	20x	as long as short
KuCoin GRAMUSDTM	+0.0100%	4h	1.4362	−0.340%	$9.1M	$10.2M	50x	as long as short
Bitget GRAMUSDT	+0.0100%	4h	1.4353	−0.402%	$7.1M	$4.0M	50x	as long as short
edgeX GRAMUSDC	+0.0100%	4h	1.4378	−0.228%	$17K	$273K	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 GRAMUSDT	+0.0100%	1h	1.4390	−0.146%	$14K	$616K	50x	as long as short
Orderly PERP_GRAM_USDC_mythos	+0.0100%	4h	1.4350	−0.423%	$2K	$1K	10x	as long as short
SunX GRAM-USDT	+0.0100%	4h	1.4376	−0.243%	$6K	$570K	10x	as long as short
HTX GRAM-USDTlong	+0.0100%	4h	1.4411	long leg	$328K	$589K	30x
Phemex GRAMUSDT	+0.0100%	4h	1.4340	−0.493%	$1.5M	$1.8M	20x	as long as short
Extended GRAM-USD	+0.0104%	1h	1.4350	−0.424%	$168K	$123K	5x	as long as short
Aster GRAMUSDT	+0.0125%	4h	1.4373	−0.266%	$963K	$126K	50x	as long as short
Lighter GRAM	+0.0256%	1h	1.4372	−0.270%	$2.3M	$2.9M	20x	as long as short
Backpack GRAM_USDC_PERP	+0.0282%	1h	1.4361	−0.347%	$53K	$16K	10x	as long as short
BloFin GRAM-USDT	+0.0340%	4h	1.4380	−0.215%	$1.4M	$233K	50x	as long as short
Hyperliquid GRAM	+0.0921%	1h	1.4376	−0.245%	$35.4M	$7.5M	5x	as long as short