Settings8H · net · $10k
Funding arb · Price arb /

GRASS

all GRASS markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC+0.1294%/8h= +141.7% APRpaid last 24h +0.192%
Price spread now: Lighter against Aster+0.236%7-day average +0.089% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$183as in the Price arb table
costs, in and out, $10k−$1981.980% of the position
What this pair did over the last
the charts below follow
Funding, last 6 days (all we have)+0.611%+$61 on $10k
Price spread, last 4 days (all we have)−0.144%−$14 · spread now +0.236%, 7d avg +0.089%
Together, before fees+0.467%+ Points / potential airdropAster: Stage 5 · Lighter: Season 3 · farm board+$47 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$39 a day on $10k at the current rate, and Lighter is 0.147% dearer against Aster than usual: you sell high and buy low: +$15 more if the spread goes back to its 7-day average of +0.089%.
The current funding rate is far above what this pair has been paying: over the last 6 days it paid 0.611% in total (about 40.2% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster GRASSUSDT0.44770.0466pay 0.0233% / 4h2h 43m$63K$282K10x
ShortLighter GRASS0.44870.1760get 0.0220% / 1h43m 57s$872K$966K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Lighter 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

Funding earned
$271.83
Price spread: +0.236% → +0.089%
$14.72
Slippage, 4 orders
−$190.02
Fee Aster: 4 bp × 2 orders
−$8
Fee Lighter: 0 bp × 2 orders
$0
Net
$88.53
Costs to cover
1.980%
Break-even
4.7 days
Slippage from Aster: live order book, 44 min ago; Lighter: live order book, 1 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Aster live order book, 44 min ago9.41 bp22.7 bp −$23doesn't fitdoesn't fitdoesn't fit
Sell Lighter live order book, 1 min ago29.22 bp31.1 bp −$31139.4 bp −$1,394doesn't fitdoesn't fit

GRASS on 17 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Reya GRASSRUSDPERP−0.0109%1h0.4466−0.230%$67115xas long as short
Injective GRASS/USDC PERP+0.0033%1h0.4267−4.683%$7$23K5.5xas long as short
BloFin GRASS-USDT+0.0095%4h0.4441−0.796%$570K$354K20xas long as short
Binance GRASSUSDT+0.0100%4h0.4476−0.010%$10.6M$33.2M75xas long as short
Bybit GRASSUSDT+0.0100%4h0.4467−0.220%$25.3M$18.5M25xas long as short
OKX GRASS-USDT-SWAP+0.0100%4h0.4473−0.081%$3.5M$19.4M20xas long as short
Gate GRASS_USDT+0.0100%4h0.4469−0.171%$1.3M$1.7M50xas long as short
MEXC GRASS_USDT+0.0100%4h0.4473−0.081%$1.6M$2.7M100xas long as short
KuCoin GRASSUSDTM+0.0100%4h0.4465−0.260%$1.3M$1.9M50xas long as short
Bitget GRASSUSDT+0.0100%4h0.4466−0.242%$5.3M$3.5M75xas long as short
Show all 17 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX GRASS-USDT+0.0100%4h0.4470−0.148%$7.3Mas long as short
Variational Omni GRASS+0.0100%4h0.4411−1.472%$2.2M$1.3Mas long as short
Extended GRASS-USD+0.0104%1h0.4468−0.203%$221K$770K10xas long as short
Hyperliquid GRASS+0.0376%1h0.4478+0.024%$17.0M$4.3M3xas long as short
Aster GRASSUSDTlong+0.0466%4h0.4477long leg$63K$282K10x
Kraken Futures PF_GRASSUSD+0.1435%1h0.4469−0.180%$162K$147K20xas long as short
Lighter GRASSshort+0.1760%1h0.4487+0.236%$872K$966K5x