Funding arb · Price arb /

GRASS

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Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: Gate against Bitget−0.096%7-day average +0.009% · you buy dearer than you sell

Net, funding: paid 7d − costs−$117as in the Funding arb table

Net, price: spread back to 7d avg − costs−$120as in the Price arb table

costs, in and out, $10k−$1101.097% of the position

Long on Bitget Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.073%−$7 on $10k

Price spread, last 4 days (all we have)+0.119%+$12 · spread now −0.096%, 7d avg +0.009%

Together, before fees+0.047%+$5 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: Gate is 0.105% cheaper against Bitget than usual: you would sell low and buy high, −$10 on $10k if it goes back to its 7-day average of +0.009%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget GRASSUSDT	0.4487	0.0100	pay 0.0050% / 4h	2h 19m	$5.3M	$2.1M	75x
Short	Gate GRASS_USDT	0.4483	0.0100	get 0.0050% / 4h	2h 19m	$1.2M	$1.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Bitget. 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 BitgetbpFee GatebpOrdersPrice spread, now −0.096%Rate

Funding earned: $0
Price spread: −0.096% → +0.009%: −$10.47
Slippage, 4 orders: −$82.73
Fee Bitget: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$120.21
Costs to cover: 1.097%
Break-even: never at this rate

Slippage from Bitget: live order book, 4 min ago; Gate: live order book, 3 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 Bitget live order book, 4 min ago	7.62 bp	25.9 bp −$26	162.8 bp −$1,628	doesn't fit	doesn't fit
Sell Gate live order book, 3 min ago	5.58 bp	25.0 bp −$25	363.8 bp −$3,638	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	−0.0114%	1h	0.4487	−0.015%	$674	—	15x	as long as short
Bybit GRASSUSDT	+0.0100%	4h	0.4484	−0.078%	$25.1M	$10.6M	25x	as long as short
OKX GRASS-USDT-SWAP	+0.0100%	4h	0.4486	−0.029%	$3.4M	$7.7M	20x	as long as short
Gate GRASS_USDTshort	+0.0100%	4h	0.4483	−0.096%	$1.2M	$1.2M	50x
Bitget GRASSUSDTlong	+0.0100%	4h	0.4487	long leg	$5.3M	$2.1M	75x
Variational Omni GRASS	+0.0100%	4h	0.4485	−0.057%	$2.2M	$1.1M	—	as long as short
KuCoin GRASSUSDTM	+0.0104%	4h	0.4484	−0.074%	$1.6M	$964K	50x	as long as short
Hyperliquid GRASS	+0.0359%	1h	0.4496	+0.198%	$16.5M	$2.6M	3x	as long as short
BingX GRASS-USDT	+0.0374%	4h	0.4491	+0.082%	—	$7.1M	—	as long as short
MEXC GRASS_USDT	+0.0390%	4h	0.4489	+0.038%	$1.7M	$1.3M	100x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance GRASSUSDT	+0.0392%	4h	0.4489	+0.038%	$11.0M	$15.6M	75x	as long as short
Extended GRASS-USD	+0.0392%	1h	0.4486	−0.028%	$222K	$823K	10x	as long as short
BloFin GRASS-USDT	+0.0428%	4h	0.4494	+0.149%	$585K	$260K	20x	as long as short
Kraken Futures PF_GRASSUSD	+0.1498%	1h	0.4494	+0.143%	$166K	$78K	20x	as long as short
Aster GRASSUSDT	+0.1545%	4h	0.4483	−0.096%	$62K	$128K	10x	as long as short
Lighter GRASS	+0.1760%	1h	0.4504	+0.368%	$705K	$528K	5x	as long as short
Injective GRASS/USDC PERP	+0.5000%	1h	0.4267	−4.909%	$7	$23K	5.5x	as long as short