Funding arb · Price arb /

GRASS

all GRASS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0211%/8h= −23.1% APRpaid last 24h −0.066%

Price spread now: Reya against BingX−0.094%7-day average — · you buy dearer than you sell

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

Long on BingX 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 airdropReya: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Reya is 0.094% cheaper against BingX than usual: you would sell low and buy high (−$9 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	BingX GRASS-USDT	0.4181	0.0100	pay 0.0050% / 4h	1h 42m	—	$7.3M	—
Short	Reya GRASSRUSDPERP	0.4177	−0.0111	pay 0.0014% / 1h	42m 48s	$628	—	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya 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 ReyabpOrdersPrice spread, now −0.094%Rate

Funding earned: −$44.31
Price spread: −0.094% → 0.000%: −$9.37
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee Reya: 3 bp × 2 orders: −$6
Net: −$69.68
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: BingX: live order book, 10 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 BingX live order book, 10 min ago	4.80 bp	26.0 bp −$26	43.0 bp −$430	256.8 bp −$25.7K	590.0 bp −$295.0K
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 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 GRASSRUSDPERPshort	−0.0111%	1h	0.4177	−0.094%	$628	—	15x
Kraken Futures PF_GRASSUSD	+0.0004%	1h	0.4185	+0.103%	$149K	$128K	20x	as long as short
Injective GRASS/USDC PERP	+0.0033%	1h	0.4267	+2.057%	$7	$23K	5.5x	as long as short
Binance GRASSUSDT	+0.0100%	4h	0.4184	+0.072%	$10.0M	$28.8M	75x	as long as short
Bybit GRASSUSDT	+0.0100%	4h	0.4177	−0.103%	$23.3M	$16.5M	25x	as long as short
OKX GRASS-USDT-SWAP	+0.0100%	4h	0.4180	−0.024%	$3.2M	$15.1M	20x	as long as short
Gate GRASS_USDT	+0.0100%	4h	0.4179	−0.048%	$1.1M	$1.5M	50x	as long as short
MEXC GRASS_USDT	+0.0100%	4h	0.4182	+0.024%	$1.2M	$2.3M	100x	as long as short
KuCoin GRASSUSDTM	+0.0100%	4h	0.4182	+0.024%	$1.3M	$1.6M	50x	as long as short
Bitget GRASSUSDT	+0.0100%	4h	0.4177	−0.108%	$4.8M	$3.2M	75x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX GRASS-USDTlong	+0.0100%	4h	0.4181	long leg	—	$7.3M	—
Variational Omni GRASS	+0.0100%	4h	0.4148	−0.795%	$2.1M	$1.2M	—	as long as short
Extended GRASS-USD	+0.0104%	1h	0.4179	−0.038%	$207K	$908K	10x	as long as short
BloFin GRASS-USDT	+0.0139%	4h	0.4185	+0.096%	$532K	$299K	20x	as long as short
Aster GRASSUSDT	+0.0497%	4h	0.4179	−0.041%	$64K	$224K	10x	as long as short
Hyperliquid GRASS	+0.1060%	1h	0.4186	+0.124%	$15.8M	$3.9M	3x	as long as short
Lighter GRASS	+0.1912%	1h	0.4203	+0.519%	$821K	$786K	5x	as long as short