Funding arb · Price arb /

GRASS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0330%/8h= −36.2% APRpaid last 24h −0.151%

Price spread now: Extended against Aster−0.172%7-day average −0.102% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$81as in the Price arb table

costs, in and out, $10k−$740.738% of the position

Long on Aster Short on Extended

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)−0.246%−$25 on $10k

Price spread, last 4 days (all we have)+0.022%+$2 · spread now −0.172%, 7d avg −0.102%

Together, before fees−0.224%+ Points / potential airdropAster: Stage 5 · Extended: Active · farm board−$22 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$10 a day on $10k at the current rate, and Extended is 0.069% cheaper against Aster than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of −0.102%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster GRASSUSDT	0.4112	0.0434	pay 0.0217% / 4h	2h 10m	$63K	$221K	10x
Short	Extended GRASS-USD	0.4105	0.0104	get 0.0013% / 1h	10m 55s	$204K	$906K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against Aster. 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 AsterbpFee ExtendedbpOrdersPrice spread, now −0.172%Rate

Funding earned: −$69.38
Price spread: −0.172% → −0.102%: −$6.95
Slippage, 4 orders: −$60.81
Fee Aster: 4 bp × 2 orders: −$8
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$150.13
Costs to cover: 0.738%
Break-even: never at this rate

Slippage from Aster: live order book, 32 min ago; Extended: live order book, 57 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 Aster live order book, 32 min ago	8.32 bp	19.5 bp −$20	doesn't fit	doesn't fit	doesn't fit
Sell Extended live order book, 57 min ago	5.95 bp	17.1 bp −$17	92.8 bp −$928	doesn't fit	doesn't fit

GRASS on 16 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
Reya GRASSRUSDPERP	−0.0111%	1h	0.4111	−0.029%	$618	—	15x	as long as short
Injective GRASS/USDC PERP	+0.0033%	1h	0.4267	+3.763%	$7	$23K	5.5x	as long as short
Binance GRASSUSDT	+0.0100%	4h	0.4111	−0.031%	$9.8M	$28.6M	75x	as long as short
Bybit GRASSUSDT	+0.0100%	4h	0.4107	−0.121%	$22.9M	$16.4M	25x	as long as short
OKX GRASS-USDT-SWAP	+0.0100%	4h	0.4106	−0.152%	$3.1M	$14.7M	20x	as long as short
Gate GRASS_USDT	+0.0100%	4h	0.4105	−0.177%	$1.1M	$1.6M	50x	as long as short
MEXC GRASS_USDT	+0.0100%	4h	0.4112	−0.007%	$1.2M	$2.3M	100x	as long as short
Bitget GRASSUSDT	+0.0100%	4h	0.4106	−0.160%	$4.8M	$3.2M	75x	as long as short
BingX GRASS-USDT	+0.0100%	4h	0.4108	−0.104%	—	$7.3M	—	as long as short
Variational Omni GRASS	+0.0100%	4h	0.4108	−0.097%	$2.0M	$1.2M	—	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended GRASS-USDshort	+0.0104%	1h	0.4105	−0.172%	$204K	$906K	10x
KuCoin GRASSUSDTM	+0.0118%	4h	0.4108	−0.104%	$1.2M	$1.6M	50x	as long as short
Aster GRASSUSDTlong	+0.0434%	4h	0.4112	long leg	$63K	$221K	10x
Kraken Futures PF_GRASSUSD	+0.0645%	1h	0.4112	−0.002%	$146K	$128K	20x	as long as short
Hyperliquid GRASS	+0.1027%	1h	0.4118	+0.142%	$15.5M	$3.9M	3x	as long as short
Lighter GRASS	+0.1832%	1h	0.4132	+0.468%	$807K	$785K	5x	as long as short