Funding arb · Price arb /

GRASS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: OKX against Bitget+0.203%7-day average +0.053% · you sell dearer than you buy

Net, funding: paid 7d − costs−$103as in the Funding arb table

Net, price: spread back to 7d avg − costs−$87as in the Price arb table

costs, in and out, $10k−$1021.020% of the position

Long on Bitget Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.008%−$1 on $10k

Price spread, last 7 days−0.242%−$24 · spread now +0.203%, 7d avg +0.053%

Together, before fees−0.250%−$25 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: OKX is 0.150% dearer against Bitget than usual: you sell high and buy low, +$15 on $10k if it goes back to its 7-day average of +0.053%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget GRASSUSDT	0.4434	0.0100	pay 0.0050% / 4h	2h 40m	$5.2M	$3.5M	75x
Short	OKX GRASS-USDT-SWAP	0.4443	0.0100	get 0.0050% / 4h	2h 40m	$3.5M	$19.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.203%Rate

Funding earned: $0
Price spread: +0.203% → +0.053%: $15.02
Slippage, 4 orders: −$80.02
Fee Bitget: 6 bp × 2 orders: −$12
Fee OKX: 5 bp × 2 orders: −$10
Net: −$87
Costs to cover: 1.020%
Break-even: never at this rate

Slippage from Bitget: live order book, 3 min ago; OKX: 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, 3 min ago	8.74 bp	30.1 bp −$30	169.7 bp −$1,697	doesn't fit	doesn't fit
Sell OKX live order book, 3 min ago	3.37 bp	19.0 bp −$19	65.3 bp −$653	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	−0.0109%	1h	0.4435	+0.020%	$666	—	15x	as long as short
Injective GRASS/USDC PERP	+0.0033%	1h	0.4267	−3.766%	$7	$23K	5.5x	as long as short
BloFin GRASS-USDT	+0.0094%	4h	0.4482	+1.083%	$569K	$365K	20x	as long as short
Binance GRASSUSDT	+0.0100%	4h	0.4450	+0.361%	$10.6M	$33.5M	75x	as long as short
Bybit GRASSUSDT	+0.0100%	4h	0.4443	+0.203%	$25.3M	$18.7M	25x	as long as short
OKX GRASS-USDT-SWAPshort	+0.0100%	4h	0.4443	+0.203%	$3.5M	$19.4M	20x
Gate GRASS_USDT	+0.0100%	4h	0.4440	+0.135%	$1.3M	$1.7M	50x	as long as short
MEXC GRASS_USDT	+0.0100%	4h	0.4442	+0.180%	$1.6M	$2.7M	100x	as long as short
KuCoin GRASSUSDTM	+0.0100%	4h	0.4443	+0.203%	$1.3M	$1.9M	50x	as long as short
Bitget GRASSUSDTlong	+0.0100%	4h	0.4434	long leg	$5.2M	$3.5M	75x

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX GRASS-USDT	+0.0100%	4h	0.4443	+0.203%	—	$7.3M	—	as long as short
Variational Omni GRASS	+0.0100%	4h	0.4469	+0.796%	$2.3M	$1.3M	—	as long as short
Extended GRASS-USD	+0.0104%	1h	0.4441	+0.154%	$220K	$771K	10x	as long as short
Hyperliquid GRASS	+0.0403%	1h	0.4450	+0.354%	$16.9M	$4.3M	3x	as long as short
Aster GRASSUSDT	+0.0501%	4h	0.4452	+0.409%	$60K	$283K	10x	as long as short
Kraken Futures PF_GRASSUSD	+0.1436%	1h	0.4466	+0.720%	$162K	$147K	20x	as long as short
Lighter GRASS	+0.1696%	1h	0.4462	+0.638%	$868K	$966K	5x	as long as short