Funding arb · Price arb /

GRASS

all GRASS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bybit against Binance−0.215%7-day average −0.181% · you buy dearer than you sell

Net, funding: paid 7d − costs−$97as in the Funding arb table

Net, price: spread back to 7d avg − costs−$92as in the Price arb table

costs, in and out, $10k−$890.886% of the position

Long on Binance Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.086%−$9 on $10k

Price spread, last 7 days+0.011%+$1 · spread now −0.215%, 7d avg −0.181%

Together, before fees−0.075%−$8 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.034% cheaper against Binance than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.181%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance GRASSUSDT	0.4162	0.0100	pay 0.0050% / 4h	3h 44m	$9.8M	$26.4M	75x
Short	Bybit GRASSUSDT	0.4153	0.0100	get 0.0050% / 4h	3h 44m	$23.6M	$15.3M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Binance. 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 BinancebpFee BybitbpOrdersPrice spread, now −0.215%Rate

Funding earned: $0
Price spread: −0.215% → −0.181%: −$3.42
Slippage, 4 orders: −$67.63
Fee Binance: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$92.05
Costs to cover: 0.886%
Break-even: never at this rate

Slippage from Binance: live order book, 11 min ago; Bybit: live order book, 4 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 Binance live order book, 11 min ago	2.42 bp	18.8 bp −$19	42.1 bp −$421	253.0 bp −$25.3K	doesn't fit
Sell Bybit live order book, 4 min ago	2.40 bp	22.0 bp −$22	49.0 bp −$490	doesn't fit	doesn't fit

GRASS on 17 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	−0.0112%	1h	0.4194	+0.774%	$630	—	15x	as long as short
Injective GRASS/USDC PERP	+0.0033%	1h	0.4267	+2.519%	$7	$23K	5.5x	as long as short
BloFin GRASS-USDT	+0.0082%	4h	0.4198	+0.861%	$524K	$302K	20x	as long as short
Binance GRASSUSDTlong	+0.0100%	4h	0.4162	long leg	$9.8M	$26.4M	75x
Bybit GRASSUSDTshort	+0.0100%	4h	0.4153	−0.215%	$23.6M	$15.3M	25x
OKX GRASS-USDT-SWAP	+0.0100%	4h	0.4155	−0.172%	$3.1M	$13.3M	20x	as long as short
Gate GRASS_USDT	+0.0100%	4h	0.4150	−0.292%	$1.1M	$1.5M	50x	as long as short
MEXC GRASS_USDT	+0.0100%	4h	0.4150	−0.292%	$1.2M	$2.2M	100x	as long as short
Bitget GRASSUSDT	+0.0100%	4h	0.4149	−0.307%	$4.8M	$3.0M	75x	as long as short
BingX GRASS-USDT	+0.0100%	4h	0.4151	−0.268%	—	$7.3M	—	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni GRASS	+0.0100%	4h	0.4185	+0.545%	$2.0M	$1.2M	—	as long as short
Extended GRASS-USD	+0.0104%	1h	0.4152	−0.253%	$206K	$993K	10x	as long as short
KuCoin GRASSUSDTM	+0.0124%	4h	0.4153	−0.220%	$1.3M	$1.4M	50x	as long as short
Kraken Futures PF_GRASSUSD	+0.0280%	1h	0.4167	+0.114%	$148K	$127K	20x	as long as short
Hyperliquid GRASS	+0.0557%	1h	0.4160	−0.057%	$15.5M	$3.7M	3x	as long as short
Aster GRASSUSDT	+0.0582%	4h	0.4163	+0.031%	$65K	$214K	10x	as long as short
Lighter GRASS	+0.1920%	1h	0.4177	+0.361%	$815K	$780K	5x	as long as short