Funding arb · Price arb /

GRAM

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.005%

Price spread now: Paradex against Orderly−0.189%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Orderly Short on Paradex

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropParadex: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Paradex is 0.189% cheaper against Orderly than usual: you would sell low and buy high, −$19 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_GRAM_USDC_mythos	1.4380	0.0100	pay 0.0050% / 4h	1h 45m	$2K	$1K	10x
Short	Paradex GRAM-USD-PERP	1.4353	0.0100	get 0.0100% / 8h	1h 45m	$2K	$31	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against Orderly. 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 OrderlybpFee ParadexbpOrdersPrice spread, now −0.189%Rate

Funding earned: $0.01
Price spread: −0.189% → 0.000%: −$18.93
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$28.92
Costs to cover: 0.100%
Break-even: 32224.7 days

Slippage unknown: Orderly: no order-book sample; Paradex: no order-book sample. Net counts fees only.

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 Orderly no order-book sample	—	—	—	—	—
Sell Paradex no order-book sample	—	—	—	—	—

Orderly and Paradex: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	+0.765%	$4K	$143K	12x	as long as short
Lighter GRAM	+0.0096%	1h	1.4391	+0.078%	$2.3M	$2.9M	20x	as long as short
Hyperliquid GRAM	+0.0100%	1h	1.4388	+0.056%	$35.5M	$7.6M	5x	as long as short
Binance GRAMUSDT	+0.0100%	4h	1.4374	−0.040%	$20.3M	$27.4M	50x	as long as short
Bybit GRAMUSDT	+0.0100%	4h	1.4366	−0.097%	$30.4M	$13.5M	50x	as long as short
OKX GRAM-USDT-SWAP	+0.0100%	4h	1.4370	−0.070%	$8.6M	$8.1M	50x	as long as short
Gate GRAM_USDT	+0.0100%	4h	1.4377	−0.021%	$3.6M	$3.4M	75x	as long as short
MEXC GRAM_USDT	+0.0100%	4h	1.4370	−0.070%	$16.3M	$2.7M	20x	as long as short
KuCoin GRAMUSDTM	+0.0100%	4h	1.4376	−0.028%	$9.0M	$10.2M	50x	as long as short
Bitget GRAMUSDT	+0.0100%	4h	1.4378	−0.014%	$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	1.4383	+0.021%	$53K	$16K	10x	as long as short
edgeX GRAMUSDC	+0.0100%	4h	1.4359	−0.147%	$17K	$276K	10x	as long as short
ApeX Omni GRAMUSDT	+0.0100%	1h	1.4370	−0.070%	$14K	$617K	50x	as long as short
Orderly PERP_GRAM_USDC_mythoslong	+0.0100%	4h	1.4380	long leg	$2K	$1K	10x
SunX GRAM-USDT	+0.0100%	4h	1.4377	−0.021%	$7K	$561K	10x	as long as short
HTX GRAM-USDT	+0.0100%	4h	1.4389	+0.063%	$330K	$588K	30x	as long as short
Phemex GRAMUSDT	+0.0100%	4h	1.4380	0.000%	$1.6M	$1.7M	20x	as long as short
Paradex GRAM-USD-PERPshort	+0.0100%	8h	1.4353	−0.189%	$2K	$31	5x
Extended GRAM-USD	+0.0104%	1h	1.4376	−0.026%	$168K	$123K	5x	as long as short
Aster GRAMUSDT	+0.0157%	4h	1.4393	+0.092%	$965K	$118K	50x	as long as short
BloFin GRAM-USDT	+0.0340%	4h	1.4360	−0.139%	$1.4M	$239K	50x	as long as short