Funding arb · Price arb /

GRAM

all GRAM markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.014%

Price spread now: Backpack against Paradex+0.013%7-day average — · you sell dearer than you buy

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

Long on Paradex Short on Backpack

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

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex GRAM-USD-PERP	1.4491	0.0100	pay 0.0100% / 8h	5h 33m	$2K	$19	5x
Short	Backpack GRAM_USDC_PERP	1.4493	0.0100	get 0.0013% / 1h	33m 21s	$53K	$16K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against Paradex. 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 ParadexbpFee BackpackbpOrdersPrice spread, now +0.013%Rate

Funding earned: $0.01
Price spread: +0.013% → 0.000%: $1.34
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$12.66
Costs to cover: 0.140%
Break-even: 10403.4 days

Slippage unknown: Paradex: no order-book sample; Backpack: 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 Paradex no order-book sample	—	—	—	—	—
Sell Backpack no order-book sample	—	—	—	—	—

Paradex and Backpack: 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	−0.007%	$4K	$143K	12x	as long as short
Paradex GRAM-USD-PERPlong	+0.0100%	8h	1.4491	long leg	$2K	$19	5x
Binance GRAMUSDT	+0.0100%	4h	1.4500	+0.062%	$20.7M	$28.1M	50x	as long as short
Bybit GRAMUSDT	+0.0100%	4h	1.4491	0.000%	$30.7M	$13.8M	50x	as long as short
OKX GRAM-USDT-SWAP	+0.0100%	4h	1.4490	−0.007%	$8.7M	$8.6M	50x	as long as short
Gate GRAM_USDT	+0.0100%	4h	1.4497	+0.041%	$3.7M	$3.3M	75x	as long as short
MEXC GRAM_USDT	+0.0100%	4h	1.4490	−0.007%	$15.3M	$2.6M	20x	as long as short
KuCoin GRAMUSDTM	+0.0100%	4h	1.4497	+0.041%	$8.8M	$10.5M	50x	as long as short
Bitget GRAMUSDT	+0.0100%	4h	1.4499	+0.055%	$7.2M	$4.1M	50x	as long as short
Backpack GRAM_USDC_PERPshort	+0.0100%	1h	1.4493	+0.013%	$53K	$16K	10x

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX GRAMUSDC	+0.0100%	4h	1.4470	−0.143%	$17K	$273K	10x	as long as short
ApeX Omni GRAMUSDT	+0.0100%	1h	1.4490	−0.007%	$14K	$608K	50x	as long as short
Orderly PERP_GRAM_USDC_mythos	+0.0100%	4h	1.4500	+0.062%	$2K	$1K	10x	as long as short
SunX GRAM-USDT	+0.0100%	4h	1.4490	−0.007%	$6K	$597K	10x	as long as short
HTX GRAM-USDT	+0.0100%	4h	1.4545	+0.372%	$339K	$619K	30x	as long as short
Phemex GRAMUSDT	+0.0100%	4h	1.4490	−0.007%	$1.5M	$1.8M	20x	as long as short
Extended GRAM-USD	+0.0104%	1h	1.4486	−0.032%	$169K	$123K	5x	as long as short
Hyperliquid GRAM	+0.0311%	1h	1.4517	+0.179%	$35.8M	$7.3M	5x	as long as short
BloFin GRAM-USDT	+0.0340%	4h	1.4490	−0.007%	$1.4M	$204K	50x	as long as short
Aster GRAMUSDT	+0.0352%	4h	1.4500	+0.062%	$972K	$126K	50x	as long as short
Lighter GRAM	+0.0784%	1h	1.4514	+0.158%	$2.6M	$2.4M	20x	as long as short