Funding arb · Price arb /

GRASS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0567%/8h= −62.1% APRpaid last 24h −0.225%

Price spread now: Reya against Aster−0.107%7-day average — · you buy dearer than you sell

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

Long on Aster Short on Reya

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · Reya: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$17 a day on $10k at the current rate, and Reya is 0.107% cheaper against Aster than usual: you would sell low and buy high (−$11 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster GRASSUSDT	0.4108	0.0456	pay 0.0228% / 4h	2h 31m	$66K	$212K	10x
Short	Reya GRASSRUSDPERP	0.4104	−0.0112	pay 0.0014% / 1h	31m 20s	$617	—	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya 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 ReyabpOrdersPrice spread, now −0.107%Rate

Funding earned: −$119.09
Price spread: −0.107% → 0.000%: −$10.69
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Reya: 3 bp × 2 orders: −$6
Net: −$143.77
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Aster: live order book, 12 min ago; Reya: 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 Aster live order book, 12 min ago	8.32 bp	19.5 bp −$20	doesn't fit	doesn't fit	doesn't fit
Sell Reya no order-book sample	—	—	—	—	—

Reya: 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.

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 GRASSRUSDPERPshort	−0.0112%	1h	0.4104	−0.107%	$617	—	15x
Injective GRASS/USDC PERP	+0.0033%	1h	0.4267	+3.863%	$7	$23K	5.5x	as long as short
Binance GRASSUSDT	+0.0100%	4h	0.4107	−0.028%	$9.7M	$28.1M	75x	as long as short
Bybit GRASSUSDT	+0.0100%	4h	0.4101	−0.177%	$22.9M	$16.3M	25x	as long as short
OKX GRASS-USDT-SWAP	+0.0100%	4h	0.4102	−0.153%	$3.1M	$14.5M	20x	as long as short
Gate GRASS_USDT	+0.0100%	4h	0.4108	−0.007%	$1.1M	$1.6M	50x	as long as short
MEXC GRASS_USDT	+0.0100%	4h	0.4107	−0.031%	$1.2M	$2.3M	100x	as long as short
Bitget GRASSUSDT	+0.0100%	4h	0.4105	−0.087%	$4.8M	$3.1M	75x	as long as short
BingX GRASS-USDT	+0.0100%	4h	0.4105	−0.080%	—	$7.3M	—	as long as short
Variational Omni GRASS	+0.0100%	4h	0.4106	−0.059%	$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-USD	+0.0104%	1h	0.4100	−0.193%	$208K	$902K	10x	as long as short
KuCoin GRASSUSDTM	+0.0158%	4h	0.4107	−0.031%	$1.2M	$1.6M	50x	as long as short
Aster GRASSUSDTlong	+0.0456%	4h	0.4108	long leg	$66K	$212K	10x
Kraken Futures PF_GRASSUSD	+0.0647%	1h	0.4101	−0.172%	$146K	$128K	20x	as long as short
Hyperliquid GRASS	+0.1266%	1h	0.4113	+0.105%	$15.5M	$3.9M	3x	as long as short
Lighter GRASS	+0.2024%	1h	0.4124	+0.373%	$806K	$784K	5x	as long as short