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 MEXC+0.517%7-day average +0.265% · you sell dearer than you buy

Net, funding: paid 7d − costs−$24as in the Funding arb table

Net, price: spread back to 7d avg − costs−$39as in the Price arb table

costs, in and out, $10k−$640.639% of the position

Long on MEXC Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.395%+$40 on $10k

Price spread, last 4 days (all we have)−0.153%−$15 · spread now +0.517%, 7d avg +0.265%

Together, before fees+0.242%+$24 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 0.252% dearer against MEXC than usual: you sell high and buy low, +$25 on $10k if it goes back to its 7-day average of +0.265%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC GRAM_USDT	1.4310	0.0100	pay 0.0050% / 4h	2h 26m	$16.3M	$2.6M	20x
Short	HTX GRAM-USDT	1.4384	0.0100	get 0.0050% / 4h	2h 26m	$330K	$584K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against MEXC. 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 MEXCbpFee HTXbpOrdersPrice spread, now +0.517%Rate

Funding earned: $0
Price spread: +0.517% → +0.265%: $25.22
Slippage, 4 orders: −$47.89
Fee MEXC: 2 bp × 2 orders: −$4
Fee HTX: 6 bp × 2 orders: −$12
Net: −$38.67
Costs to cover: 0.639%
Break-even: never at this rate

Slippage from MEXC: live order book, 2 min ago; HTX: 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 MEXC live order book, 2 min ago	3.49 bp	5.5 bp −$5	10.7 bp −$107	73.5 bp −$7,351	267.4 bp −$133.7K
Sell HTX live order book, 22 min ago	12.82 bp	20.0 bp −$20	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	+1.258%	$4K	$143K	12x	as long as short
Lighter GRAM	+0.0096%	1h	1.4331	+0.147%	$2.3M	$2.9M	20x	as long as short
Binance GRAMUSDT	+0.0100%	4h	1.4320	+0.070%	$20.2M	$27.5M	50x	as long as short
Bybit GRAMUSDT	+0.0100%	4h	1.4310	0.000%	$30.3M	$13.7M	50x	as long as short
OKX GRAM-USDT-SWAP	+0.0100%	4h	1.4310	0.000%	$8.5M	$8.1M	50x	as long as short
Gate GRAM_USDT	+0.0100%	4h	1.4318	+0.056%	$3.5M	$3.5M	75x	as long as short
MEXC GRAM_USDTlong	+0.0100%	4h	1.4310	long leg	$16.3M	$2.6M	20x
KuCoin GRAMUSDTM	+0.0100%	4h	1.4318	+0.056%	$9.0M	$10.2M	50x	as long as short
Bitget GRAMUSDT	+0.0100%	4h	1.4319	+0.063%	$7.0M	$4.0M	50x	as long as short
edgeX GRAMUSDC	+0.0100%	4h	1.4352	+0.296%	$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 GRAMUSDT	+0.0100%	1h	1.4350	+0.280%	$14K	$617K	50x	as long as short
Orderly PERP_GRAM_USDC_mythos	+0.0100%	4h	1.4320	+0.070%	$2K	$1K	10x	as long as short
SunX GRAM-USDT	+0.0100%	4h	1.4337	+0.189%	$6K	$560K	10x	as long as short
HTX GRAM-USDTshort	+0.0100%	4h	1.4384	+0.517%	$330K	$584K	30x
Phemex GRAMUSDT	+0.0100%	4h	1.4320	+0.070%	$1.5M	$1.8M	20x	as long as short
Paradex GRAM-USD-PERP	+0.0100%	8h	1.4320	+0.067%	$2K	$31	5x	as long as short
Extended GRAM-USD	+0.0104%	1h	1.4306	−0.028%	$168K	$123K	5x	as long as short
Aster GRAMUSDT	+0.0217%	4h	1.4340	+0.210%	$961K	$119K	50x	as long as short
BloFin GRAM-USDT	+0.0340%	4h	1.4290	−0.140%	$1.4M	$237K	50x	as long as short
Backpack GRAM_USDC_PERP	+0.0397%	1h	1.4327	+0.119%	$53K	$16K	10x	as long as short
Hyperliquid GRAM	+0.0422%	1h	1.4336	+0.182%	$35.3M	$7.6M	5x	as long as short