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 +0.001%

Price spread now: Phemex against OKX+0.070%7-day average +0.046% · you sell dearer than you buy

Net, funding: paid 7d − costs−$153as in the Funding arb table

Net, price: spread back to 7d avg − costs−$155as in the Price arb table

costs, in and out, $10k−$1571.571% of the position

Long on OKX Short on Phemex

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)+0.125%+$13 · spread now +0.070%, 7d avg +0.046%

Together, before fees+0.168%+$17 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: Phemex is 0.023% dearer against OKX than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of +0.046%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX GRAM-USDT-SWAP	1.4360	0.0100	pay 0.0050% / 4h	3h 19m	$8.6M	$8.1M	50x
Short	Phemex GRAMUSDT	1.4370	0.0100	get 0.0050% / 4h	3h 19m	$1.5M	$1.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex 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 PhemexbpOrdersPrice spread, now +0.070%Rate

Funding earned: $0
Price spread: +0.070% → +0.046%: $2.33
Slippage, 4 orders: −$135.05
Fee OKX: 5 bp × 2 orders: −$10
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$154.72
Costs to cover: 1.571%
Break-even: never at this rate

Slippage from OKX: live order book, 3 min ago; Phemex: 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 OKX live order book, 3 min ago	3.48 bp	12.0 bp −$12	30.1 bp −$301	doesn't fit	doesn't fit
Sell Phemex live order book, 4 min ago	3.48 bp	61.9 bp −$62	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	+0.905%	$4K	$143K	12x	as long as short
Binance GRAMUSDT	+0.0100%	4h	1.4366	+0.042%	$20.3M	$27.7M	50x	as long as short
Bybit GRAMUSDT	+0.0100%	4h	1.4352	−0.056%	$30.3M	$13.7M	50x	as long as short
OKX GRAM-USDT-SWAPlong	+0.0100%	4h	1.4360	long leg	$8.6M	$8.1M	50x
Gate GRAM_USDT	+0.0100%	4h	1.4367	+0.049%	$3.6M	$3.4M	75x	as long as short
MEXC GRAM_USDT	+0.0100%	4h	1.4360	0.000%	$16.1M	$2.7M	20x	as long as short
KuCoin GRAMUSDTM	+0.0100%	4h	1.4380	+0.139%	$9.1M	$10.1M	50x	as long as short
Bitget GRAMUSDT	+0.0100%	4h	1.4359	−0.007%	$7.1M	$4.0M	50x	as long as short
edgeX GRAMUSDC	+0.0100%	4h	1.4362	+0.016%	$17K	$275K	10x	as long as short
ApeX Omni GRAMUSDT	+0.0100%	1h	1.4380	+0.139%	$14K	$615K	50x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_GRAM_USDC_mythos	+0.0100%	4h	1.4380	+0.139%	$2K	$1K	10x	as long as short
SunX GRAM-USDT	+0.0100%	4h	1.4396	+0.251%	$7K	$565K	10x	as long as short
HTX GRAM-USDT	+0.0100%	4h	1.4402	+0.292%	$328K	$581K	30x	as long as short
Phemex GRAMUSDTshort	+0.0100%	4h	1.4370	+0.070%	$1.5M	$1.8M	20x
Paradex GRAM-USD-PERP	+0.0100%	8h	1.4359	−0.009%	$2K	$19	5x	as long as short
Extended GRAM-USD	+0.0104%	1h	1.4366	+0.040%	$168K	$123K	5x	as long as short
Aster GRAMUSDT	+0.0123%	4h	1.4394	+0.238%	$965K	$125K	50x	as long as short
Lighter GRAM	+0.0240%	1h	1.4388	+0.193%	$2.3M	$2.9M	20x	as long as short
Backpack GRAM_USDC_PERP	+0.0270%	1h	1.4382	+0.153%	$53K	$16K	10x	as long as short
BloFin GRAM-USDT	+0.0340%	4h	1.4340	−0.139%	$1.4M	$232K	50x	as long as short
Hyperliquid GRAM	+0.0905%	1h	1.4385	+0.174%	$35.4M	$7.5M	5x	as long as short