Funding arb · Price arb /

GRASS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment −$0.00 per $10,000 · paid last 24h +0.001%

Price spread now: BloFin against BingX−0.703%96s7-day average +0.091% · you buy dearer than you sell

Net, funding: paid 7d − costs−$84as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$840.838% of the position

Long on BingX Short on BloFin

What this pair did over the last

the charts below follow

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

Price spread, last 4 days (all we have)+0.838%+$84 · spread now −0.703%, 7d avg +0.091%

Together, before fees+0.838%+$84 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: BloFin is 0.793% cheaper against BingX than usual: you would sell low and buy high, −$79 on $10k if it goes back to its 7-day average of +0.091%. The two prices were read 96 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX GRASS-USDT	0.4554	0.0100	pay 0.0050% / 4h	1h 31m	—	$7.6M	—
Short	BloFin GRASS-USDT	0.4522	0.0100	get 0.0050% / 4h	1h 31m	$585K	$560K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now −0.703%Rate

Funding earned: −$0.04
Price spread: −0.703% → +0.091%: −$79.34
Slippage, 4 orders: −$61.85
Fee BingX: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$163.23
Costs to cover: 0.838%
Break-even: never at this rate

Slippage from BingX: live order book, 14 min ago; BloFin: live order book, 13 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, 14 min ago	6.50 bp	21.7 bp −$22	58.6 bp −$586	339.3 bp −$33.9K	738.8 bp −$369.4K
Sell BloFin live order book, 13 min ago	3.24 bp	21.7 bp −$22	62.0 bp −$620	doesn't fit	doesn't fit

GRASS on 17 exchanges

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	−0.0105%	1h	0.4531	−0.511%	$681	—	15x	as long as short
Kraken Futures PF_GRASSUSD	−0.0098%	1h	0.4550	−0.092%	$166K	$177K	20x	as long as short
Injective GRASS/USDC PERP	+0.0033%	1h	0.4267	−6.302%	$7	$23K	5.5x	as long as short
BloFin GRASS-USDTshort	+0.0100%	4h	0.4522	−0.703%	$585K	$560K	20x
Hyperliquid GRASS	+0.0100%	1h	0.4564	+0.222%	$17.4M	$5.5M	3x	as long as short
Binance GRASSUSDT	+0.0100%	4h	0.4557	+0.066%	$11.0M	$49.0M	75x	as long as short
Bybit GRASSUSDT	+0.0100%	4h	0.4551	−0.064%	$26.4M	$24.8M	25x	as long as short
OKX GRASS-USDT-SWAP	+0.0100%	4h	0.4559	+0.110%	$3.6M	$27.1M	20x	as long as short
Gate GRASS_USDT	+0.0100%	4h	0.4553	−0.022%	$1.2M	$2.2M	50x	as long as short
MEXC GRASS_USDT	+0.0100%	4h	0.4556	+0.044%	$1.9M	$3.6M	100x	as long as short

Show all 17 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin GRASSUSDTM	+0.0100%	4h	0.4554	0.000%	$1.4M	$2.6M	50x	as long as short
Bitget GRASSUSDT	+0.0100%	4h	0.4553	−0.029%	$5.4M	$5.2M	75x	as long as short
BingX GRASS-USDTlong	+0.0100%	4h	0.4554	long leg	—	$7.6M	—
Variational Omni GRASS	+0.0100%	4h	0.4579	+0.556%	$2.3M	$1.5M	—	as long as short
Extended GRASS-USD	+0.0104%	1h	0.4551	−0.060%	$227K	$1.3M	10x	as long as short
Aster GRASSUSDT	+0.0149%	4h	0.4555	+0.020%	$75K	$436K	10x	as long as short
Lighter GRASS	+0.0672%	1h	0.4574	+0.430%	$885K	$1.1M	5x	as long as short