Funding arb · Price arb /

GRAM

all GRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.004%

Price spread now: ApeX Omni against KuCoin+0.209%67s7-day average −0.039% · you sell dearer than you buy

Net, funding: paid 7d − costs−$85as 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−$910.911% of the position

Long on KuCoin Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.060%+$6 on $10k

Price spread, last 4 days (all we have)−0.247%−$25 · spread now +0.209%, 7d avg −0.039%

Together, before fees−0.187%−$19 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: ApeX Omni is 0.249% dearer against KuCoin than usual: you sell high and buy low, +$25 on $10k if it goes back to its 7-day average of −0.039%. The two prices were read 67 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	KuCoin GRAMUSDTM	1.4320	0.0100	pay 0.0050% / 4h	2h 26m	$9.0M	$10.2M	50x
Short	ApeX Omni GRAMUSDT	1.4350	0.0100	get 0.0013% / 1h	26m 16s	$14K	$617K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against KuCoin. 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 KuCoinbpFee ApeX OmnibpOrdersPrice spread, now +0.209%Rate

Funding earned: $0
Price spread: +0.209% → −0.039%: $24.85
Slippage, 4 orders: −$69.1
Fee KuCoin: 6 bp × 2 orders: −$12
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$66.25
Costs to cover: 0.911%
Break-even: never at this rate

Slippage from KuCoin: live order book, 2 min ago; ApeX Omni: live order book, 22 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 KuCoin live order book, 2 min ago	3.49 bp	24.2 bp −$24	89.3 bp −$893	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 22 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	+1.187%	$4K	$143K	12x	as long as short
Lighter GRAM	+0.0096%	1h	1.4338	+0.128%	$2.3M	$2.9M	20x	as long as short
Binance GRAMUSDT	+0.0100%	4h	1.4327	+0.052%	$20.2M	$27.5M	50x	as long as short
Bybit GRAMUSDT	+0.0100%	4h	1.4314	−0.042%	$30.3M	$13.7M	50x	as long as short
OKX GRAM-USDT-SWAP	+0.0100%	4h	1.4320	0.000%	$8.5M	$8.1M	50x	as long as short
Gate GRAM_USDT	+0.0100%	4h	1.4324	+0.028%	$3.5M	$3.5M	75x	as long as short
MEXC GRAM_USDT	+0.0100%	4h	1.4320	0.000%	$16.3M	$2.6M	20x	as long as short
KuCoin GRAMUSDTMlong	+0.0100%	4h	1.4320	long leg	$9.0M	$10.2M	50x
Bitget GRAMUSDT	+0.0100%	4h	1.4325	+0.035%	$7.0M	$4.0M	50x	as long as short
edgeX GRAMUSDC	+0.0100%	4h	1.4352	+0.226%	$17K	$274K	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	1.4350	+0.209%	$14K	$617K	50x
Orderly PERP_GRAM_USDC_mythos	+0.0100%	4h	1.4330	+0.070%	$2K	$1K	10x	as long as short
SunX GRAM-USDT	+0.0100%	4h	1.4337	+0.119%	$6K	$561K	10x	as long as short
HTX GRAM-USDT	+0.0100%	4h	1.4384	+0.447%	$330K	$584K	30x	as long as short
Phemex GRAMUSDT	+0.0100%	4h	1.4330	+0.070%	$1.5M	$1.8M	20x	as long as short
Paradex GRAM-USD-PERP	+0.0100%	8h	1.4320	−0.003%	$2K	$31	5x	as long as short
Extended GRAM-USD	+0.0104%	1h	1.4323	+0.023%	$168K	$123K	5x	as long as short
Aster GRAMUSDT	+0.0217%	4h	1.4347	+0.189%	$962K	$119K	50x	as long as short
BloFin GRAM-USDT	+0.0340%	4h	1.4290	−0.209%	$1.4M	$237K	50x	as long as short
Backpack GRAM_USDC_PERP	+0.0397%	1h	1.4327	+0.049%	$53K	$16K	10x	as long as short
Hyperliquid GRAM	+0.0421%	1h	1.4338	+0.126%	$35.3M	$7.6M	5x	as long as short