Funding arb · Price arb /

GRASS

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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: Binance against BingX+0.122%7-day average +0.093% · you sell dearer than you buy

Net, funding: paid 7d − costs−$73as in the Funding arb table

Net, price: spread back to 7d avg − costs−$70as in the Price arb table

costs, in and out, $10k−$730.728% of the position

Long on BingX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 7 days+0.017%+$2 · spread now +0.122%, 7d avg +0.093%

Together, before fees+0.017%+$2 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: Binance is 0.029% dearer against BingX than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.093%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX GRASS-USDT	0.4106	0.0100	pay 0.0050% / 4h	2h 33m	—	$7.3M	—
Short	Binance GRASSUSDT	0.4111	0.0100	get 0.0050% / 4h	2h 33m	$9.7M	$28.1M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against BingX. 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 BingXbpFee BinancebpOrdersPrice spread, now +0.122%Rate

Funding earned: $0
Price spread: +0.122% → +0.093%: $2.87
Slippage, 4 orders: −$52.78
Fee BingX: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$69.92
Costs to cover: 0.728%
Break-even: never at this rate

Slippage from BingX: live order book, 9 min ago; Binance: live order book, 8 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 BingX live order book, 9 min ago	3.57 bp	16.8 bp −$17	36.3 bp −$363	205.2 bp −$20.5K	527.7 bp −$263.9K
Sell Binance live order book, 8 min ago	2.38 bp	18.9 bp −$19	41.2 bp −$412	378.4 bp −$37.8K	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	−0.0112%	1h	0.4104	−0.037%	$617	—	15x	as long as short
Injective GRASS/USDC PERP	+0.0033%	1h	0.4267	+3.921%	$7	$23K	5.5x	as long as short
Binance GRASSUSDTshort	+0.0100%	4h	0.4111	+0.122%	$9.7M	$28.1M	75x
Bybit GRASSUSDT	+0.0100%	4h	0.4104	−0.058%	$22.9M	$16.3M	25x	as long as short
OKX GRASS-USDT-SWAP	+0.0100%	4h	0.4107	+0.024%	$3.1M	$14.5M	20x	as long as short
Gate GRASS_USDT	+0.0100%	4h	0.4101	−0.122%	$1.1M	$1.6M	50x	as long as short
MEXC GRASS_USDT	+0.0100%	4h	0.4109	+0.073%	$1.2M	$2.3M	100x	as long as short
Bitget GRASSUSDT	+0.0100%	4h	0.4103	−0.066%	$4.8M	$3.1M	75x	as long as short
BingX GRASS-USDTlong	+0.0100%	4h	0.4106	long leg	—	$7.3M	—
Variational Omni GRASS	+0.0100%	4h	0.4100	−0.149%	$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	0.4104	−0.042%	$207K	$902K	10x	as long as short
KuCoin GRASSUSDTM	+0.0170%	4h	0.4106	0.000%	$1.2M	$1.6M	50x	as long as short
Aster GRASSUSDT	+0.0448%	4h	0.4101	−0.121%	$66K	$212K	10x	as long as short
Kraken Futures PF_GRASSUSD	+0.0646%	1h	0.4103	−0.067%	$146K	$128K	20x	as long as short
Hyperliquid GRASS	+0.1259%	1h	0.4114	+0.192%	$15.5M	$3.9M	3x	as long as short
Lighter GRASS	+0.2072%	1h	0.4128	+0.526%	$807K	$784K	5x	as long as short