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 −0.006%

Price spread now: Paradex against Phemex−0.007%7-day average — · you buy dearer than you sell

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

Long on Phemex 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

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex GRAMUSDT	1.4370	0.0100	pay 0.0050% / 4h	1h 21m	$1.6M	$1.7M	20x
Short	Paradex GRAM-USD-PERP	1.4369	0.0100	get 0.0100% / 8h	1h 21m	$2K	$31	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against Phemex. 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 PhemexbpFee ParadexbpOrdersPrice spread, now −0.007%Rate

Funding earned: $0
Price spread: −0.007% → 0.000%: −$0.74
Slippage, 4 orders: no order book: not counted
Fee Phemex: 6 bp × 2 orders: −$12
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$16.74
Costs to cover: 0.160%
Break-even: 32476.0 days

Slippage unknown: Phemex: live order book, 2 min ago; 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 Phemex live order book, 2 min ago	3.48 bp	64.9 bp −$65	doesn't fit	doesn't fit	doesn't fit
Sell Paradex no order-book sample	—	—	—	—	—

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	+0.835%	$4K	$143K	12x	as long as short
Lighter GRAM	+0.0096%	1h	1.4388	+0.125%	$2.3M	$2.9M	20x	as long as short
Binance GRAMUSDT	+0.0100%	4h	1.4378	+0.058%	$20.3M	$27.3M	50x	as long as short
Bybit GRAMUSDT	+0.0100%	4h	1.4367	−0.021%	$30.4M	$13.4M	50x	as long as short
OKX GRAM-USDT-SWAP	+0.0100%	4h	1.4370	0.000%	$8.6M	$8.1M	50x	as long as short
Gate GRAM_USDT	+0.0100%	4h	1.4376	+0.042%	$3.6M	$3.5M	75x	as long as short
MEXC GRAM_USDT	+0.0100%	4h	1.4370	0.000%	$16.3M	$2.7M	20x	as long as short
KuCoin GRAMUSDTM	+0.0100%	4h	1.4372	+0.014%	$9.0M	$10.2M	50x	as long as short
Bitget GRAMUSDT	+0.0100%	4h	1.4373	+0.021%	$7.0M	$4.0M	50x	as long as short
edgeX GRAMUSDC	+0.0100%	4h	1.4367	−0.023%	$17K	$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 GRAMUSDT	+0.0100%	1h	1.4370	0.000%	$14K	$617K	50x	as long as short
Orderly PERP_GRAM_USDC_mythos	+0.0100%	4h	1.4370	0.000%	$2K	$1K	10x	as long as short
SunX GRAM-USDT	+0.0100%	4h	1.4397	+0.188%	$6K	$558K	10x	as long as short
HTX GRAM-USDT	+0.0100%	4h	1.4388	+0.125%	$324K	$600K	30x	as long as short
Phemex GRAMUSDTlong	+0.0100%	4h	1.4370	long leg	$1.6M	$1.7M	20x
Paradex GRAM-USD-PERPshort	+0.0100%	8h	1.4369	−0.007%	$2K	$31	5x
Extended GRAM-USD	+0.0104%	1h	1.4375	+0.035%	$168K	$123K	5x	as long as short
Aster GRAMUSDT	+0.0163%	4h	1.4402	+0.221%	$966K	$118K	50x	as long as short
Hyperliquid GRAM	+0.0165%	1h	1.4384	+0.097%	$35.4M	$7.6M	5x	as long as short
Backpack GRAM_USDC_PERP	+0.0181%	1h	1.4381	+0.077%	$53K	$16K	10x	as long as short
BloFin GRAM-USDT	+0.0340%	4h	1.4360	−0.070%	$1.4M	$239K	50x	as long as short