Funding arb · Price arb /

GRAM

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h −0.037%

Price spread now: Injective against Paradex+0.771%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 Injective

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

The price spread pays, funding is against you. Injective is 0.771% dearer against Paradex than usual: you sell high and buy low (spread +0.771% now, against zero (this spread has no 7-day history yet)): +$77 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 39 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex GRAM-USD-PERP	1.4379	0.0100	pay 0.0100% / 8h	3h 22m	$2K	$19	5x
Short	Injective GRAM/USDC PERP	1.4490	0.0033	get 0.0004% / 1h	22m 58s	$4K	$143K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now +0.771%Rate

Funding earned: −$13.99
Price spread: +0.771% → 0.000%: $77.05
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $59.04
Costs to cover: 0.040%
Break-even: from the start

Slippage unknown: Paradex: no order-book sample; Injective: live order book, 11 min ago. 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 Injective live order book, 11 min ago	27.82 bp	27.8 bp −$28	doesn't fit	doesn't fit	doesn't fit

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 PERPshort	+0.0033%	1h	1.4490	+0.771%	$4K	$143K	12x
Paradex GRAM-USD-PERPlong	+0.0100%	8h	1.4379	long leg	$2K	$19	5x
Binance GRAMUSDT	+0.0100%	4h	1.4370	−0.062%	$20.3M	$27.8M	50x	as long as short
Bybit GRAMUSDT	+0.0100%	4h	1.4360	−0.134%	$30.4M	$13.7M	50x	as long as short
OKX GRAM-USDT-SWAP	+0.0100%	4h	1.4370	−0.064%	$8.6M	$8.2M	50x	as long as short
Gate GRAM_USDT	+0.0100%	4h	1.4368	−0.078%	$3.6M	$3.4M	75x	as long as short
MEXC GRAM_USDT	+0.0100%	4h	1.4360	−0.134%	$16.1M	$2.7M	20x	as long as short
KuCoin GRAMUSDTM	+0.0100%	4h	1.4368	−0.078%	$9.1M	$10.1M	50x	as long as short
Bitget GRAMUSDT	+0.0100%	4h	1.4367	−0.085%	$7.1M	$4.0M	50x	as long as short
edgeX GRAMUSDC	+0.0100%	4h	1.4344	−0.248%	$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	1.4370	−0.064%	$14K	$614K	50x	as long as short
Orderly PERP_GRAM_USDC_mythos	+0.0100%	4h	1.4370	−0.064%	$2K	$1K	10x	as long as short
SunX GRAM-USDT	+0.0100%	4h	1.4396	+0.117%	$7K	$564K	10x	as long as short
HTX GRAM-USDT	+0.0100%	4h	1.4379	−0.001%	$327K	$581K	30x	as long as short
Phemex GRAMUSDT	+0.0100%	4h	1.4370	−0.064%	$1.5M	$1.8M	20x	as long as short
Extended GRAM-USD	+0.0104%	1h	1.4371	−0.056%	$168K	$123K	5x	as long as short
Aster GRAMUSDT	+0.0123%	4h	1.4390	+0.075%	$965K	$125K	50x	as long as short
Lighter GRAM	+0.0248%	1h	1.4386	+0.050%	$2.3M	$2.9M	20x	as long as short
Backpack GRAM_USDC_PERP	+0.0273%	1h	1.4379	−0.001%	$53K	$16K	10x	as long as short
BloFin GRAM-USDT	+0.0340%	4h	1.4360	−0.134%	$1.4M	$233K	50x	as long as short
Hyperliquid GRAM	+0.0935%	1h	1.4387	+0.054%	$35.4M	$7.5M	5x	as long as short