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 KuCoin+0.251%7-day average +0.218% · you sell dearer than you buy

Net, funding: paid 7d − costs−$54as in the Funding arb table

Net, price: spread back to 7d avg − costs−$89as in the Price arb table

costs, in and out, $10k−$920.924% of the position

Long on KuCoin Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.389%+$39 on $10k

Price spread, last 4 days (all we have)+0.068%+$7 · spread now +0.251%, 7d avg +0.218%

Together, before fees+0.457%+$46 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 0.033% dearer against KuCoin than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.218%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin GRAMUSDTM	1.4365	0.0100	pay 0.0050% / 4h	1h 39m	$9.0M	$10.2M	50x
Short	HTX GRAM-USDT	1.4401	0.0100	get 0.0050% / 4h	1h 39m	$330K	$588K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now +0.251%Rate

Funding earned: $0
Price spread: +0.251% → +0.218%: $3.29
Slippage, 4 orders: −$68.4
Fee KuCoin: 6 bp × 2 orders: −$12
Fee HTX: 6 bp × 2 orders: −$12
Net: −$89.11
Costs to cover: 0.924%
Break-even: never at this rate

Slippage from KuCoin: live order book, 9 min ago; HTX: live order book, 4 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, 9 min ago	2.44 bp	27.5 bp −$28	78.9 bp −$789	doesn't fit	doesn't fit
Sell HTX live order book, 4 min ago	10.07 bp	16.5 bp −$16	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	+0.870%	$4K	$143K	12x	as long as short
Lighter GRAM	+0.0096%	1h	1.4372	+0.051%	$2.3M	$2.9M	20x	as long as short
Hyperliquid GRAM	+0.0100%	1h	1.4370	+0.035%	$35.4M	$7.6M	5x	as long as short
Binance GRAMUSDT	+0.0100%	4h	1.4350	−0.103%	$20.3M	$27.4M	50x	as long as short
Bybit GRAMUSDT	+0.0100%	4h	1.4351	−0.097%	$30.4M	$13.5M	50x	as long as short
OKX GRAM-USDT-SWAP	+0.0100%	4h	1.4360	−0.035%	$8.6M	$8.1M	50x	as long as short
Gate GRAM_USDT	+0.0100%	4h	1.4361	−0.028%	$3.6M	$3.4M	75x	as long as short
MEXC GRAM_USDT	+0.0100%	4h	1.4360	−0.035%	$16.3M	$2.7M	20x	as long as short
KuCoin GRAMUSDTMlong	+0.0100%	4h	1.4365	long leg	$9.0M	$10.2M	50x
Bitget GRAMUSDT	+0.0100%	4h	1.4358	−0.049%	$7.0M	$4.0M	50x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Backpack GRAM_USDC_PERP	+0.0100%	1h	1.4368	+0.021%	$53K	$16K	10x	as long as short
edgeX GRAMUSDC	+0.0100%	4h	1.4362	−0.020%	$17K	$274K	10x	as long as short
ApeX Omni GRAMUSDT	+0.0100%	1h	1.4370	+0.035%	$14K	$617K	50x	as long as short
Orderly PERP_GRAM_USDC_mythos	+0.0100%	4h	1.4360	−0.035%	$2K	$1K	10x	as long as short
SunX GRAM-USDT	+0.0100%	4h	1.4397	+0.223%	$7K	$561K	10x	as long as short
HTX GRAM-USDTshort	+0.0100%	4h	1.4401	+0.251%	$330K	$588K	30x
Phemex GRAMUSDT	+0.0100%	4h	1.4360	−0.035%	$1.5M	$1.7M	20x	as long as short
Paradex GRAM-USD-PERP	+0.0100%	8h	1.4353	−0.083%	$2K	$31	5x	as long as short
Extended GRAM-USD	+0.0104%	1h	1.4354	−0.075%	$168K	$123K	5x	as long as short
Aster GRAMUSDT	+0.0152%	4h	1.4375	+0.072%	$964K	$118K	50x	as long as short
BloFin GRAM-USDT	+0.0340%	4h	1.4380	+0.104%	$1.4M	$239K	50x	as long as short