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% APRpaid last 24h +0.001%

Price spread now: ApeX Omni against OKX+0.279%60s7-day average +0.045% · you sell dearer than you buy

Net, funding: paid 7d − costs−$68as 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−$730.726% of the position

Long on OKX Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.043%+$4 on $10k

Price spread, last 4 days (all we have)−0.206%−$21 · spread now +0.279%, 7d avg +0.045%

Together, before fees−0.164%−$16 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 0.234% dearer against OKX than usual: you sell high and buy low, +$23 on $10k if it goes back to its 7-day average of +0.045%. The two prices were read 60 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	OKX GRAM-USDT-SWAP	1.4320	0.0100	pay 0.0050% / 4h	36m 30s	$8.6M	$8.0M	50x
Short	ApeX Omni GRAMUSDT	1.4360	0.0100	get 0.0013% / 1h	36m 30s	$14K	$617K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against OKX. 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 OKXbpFee ApeX OmnibpOrdersPrice spread, now +0.279%Rate

Funding earned: $0
Price spread: +0.279% → +0.045%: $23.42
Slippage, 4 orders: −$52.62
Fee OKX: 5 bp × 2 orders: −$10
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$49.2
Costs to cover: 0.726%
Break-even: never at this rate

Slippage from OKX: live order book, 2 min ago; ApeX Omni: live order book, 66 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 OKX live order book, 2 min ago	3.49 bp	12.4 bp −$12	30.1 bp −$301	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 66 min ago	13.92 bp	21.4 bp −$21	117.6 bp −$1,176	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
Binance GRAMUSDT	+0.0100%	4h	1.4320	+0.002%	$20.2M	$27.2M	50x	as long as short
Bybit GRAMUSDT	+0.0100%	4h	1.4319	−0.007%	$30.3M	$13.4M	50x	as long as short
OKX GRAM-USDT-SWAPlong	+0.0100%	4h	1.4320	long leg	$8.6M	$8.0M	50x
Gate GRAM_USDT	+0.0100%	4h	1.4328	+0.056%	$3.6M	$3.5M	75x	as long as short
MEXC GRAM_USDT	+0.0100%	4h	1.4320	0.000%	$16.2M	$2.6M	20x	as long as short
KuCoin GRAMUSDTM	+0.0100%	4h	1.4324	+0.028%	$8.8M	$10.1M	50x	as long as short
Bitget GRAMUSDT	+0.0100%	4h	1.4322	+0.014%	$7.0M	$4.0M	50x	as long as short
Backpack GRAM_USDC_PERP	+0.0100%	1h	1.4333	+0.091%	$53K	$16K	10x	as long as short
edgeX GRAMUSDC	+0.0100%	4h	1.4332	+0.083%	$16K	$275K	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	1.4360	+0.279%	$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	1.4346	+0.182%	$7K	$557K	10x	as long as short
HTX GRAM-USDT	+0.0100%	4h	1.4355	+0.244%	$323K	$601K	30x	as long as short
Phemex GRAMUSDT	+0.0100%	4h	1.4320	0.000%	$1.5M	$1.7M	20x	as long as short
Paradex GRAM-USD-PERP	+0.0100%	8h	1.4315	−0.034%	$2K	$31	5x	as long as short
Extended GRAM-USD	+0.0104%	1h	1.4322	+0.011%	$168K	$122K	5x	as long as short
Hyperliquid GRAM	+0.0135%	1h	1.4337	+0.119%	$35.3M	$7.6M	5x	as long as short
Lighter GRAM	+0.0168%	1h	1.4339	+0.133%	$2.3M	$2.9M	20x	as long as short
Aster GRAMUSDT	+0.0207%	4h	1.4350	+0.209%	$968K	$123K	50x	as long as short
BloFin GRAM-USDT	+0.0340%	4h	1.4340	+0.140%	$1.4M	$243K	50x	as long as short