Funding arb · Price arb /

GRASS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0214%/8h= −23.4% APRpaid last 24h −0.067%

Price spread now: Reya against Bitget+0.060%7-day average — · you sell dearer than you buy

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

Long on Bitget 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

The price spread pays, funding is against you. Reya is 0.060% dearer against Bitget than usual: you sell high and buy low (spread +0.060% now, against zero (this spread has no 7-day history yet)): +$6 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 23 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget GRASSUSDT	0.4344	0.0100	pay 0.0050% / 4h	1h 23m	$5.0M	$2.6M	75x
Short	Reya GRASSRUSDPERP	0.4347	−0.0114	pay 0.0014% / 1h	23m 14s	$653	—	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya 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 ReyabpOrdersPrice spread, now +0.060%Rate

Funding earned: −$44.85
Price spread: +0.060% → 0.000%: $6.02
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee Reya: 3 bp × 2 orders: −$6
Net: −$56.83
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Bitget: live order book, 5 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 Bitget live order book, 5 min ago	4.56 bp	25.4 bp −$25	doesn't fit	doesn't fit	doesn't fit
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	−0.0114%	1h	0.4347	+0.060%	$653	—	15x
Injective GRASS/USDC PERP	+0.0033%	1h	0.4267	−1.770%	$7	$23K	5.5x	as long as short
Bybit GRASSUSDT	+0.0100%	4h	0.4348	+0.094%	$24.6M	$12.8M	25x	as long as short
OKX GRASS-USDT-SWAP	+0.0100%	4h	0.4348	+0.094%	$3.1M	$10.4M	20x	as long as short
Gate GRASS_USDT	+0.0100%	4h	0.4345	+0.025%	$1.2M	$1.4M	50x	as long as short
Bitget GRASSUSDTlong	+0.0100%	4h	0.4344	long leg	$5.0M	$2.6M	75x
Variational Omni GRASS	+0.0100%	4h	0.4266	−1.794%	$2.1M	$1.1M	—	as long as short
KuCoin GRASSUSDTM	+0.0152%	4h	0.4352	+0.186%	$1.5M	$1.2M	50x	as long as short
BingX GRASS-USDT	+0.0198%	4h	0.4349	+0.117%	—	$7.2M	—	as long as short
MEXC GRASS_USDT	+0.0226%	4h	0.4346	+0.048%	$1.3M	$1.8M	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	+0.0262%	4h	0.4351	+0.163%	$10.3M	$20.9M	75x	as long as short
Extended GRASS-USD	+0.0264%	1h	0.4347	+0.070%	$214K	$823K	10x	as long as short
BloFin GRASS-USDT	+0.0268%	4h	0.4352	+0.186%	$538K	$287K	20x	as long as short
Hyperliquid GRASS	+0.0676%	1h	0.4354	+0.223%	$16.3M	$3.2M	3x	as long as short
Aster GRASSUSDT	+0.1178%	4h	0.4354	+0.233%	$66K	$171K	10x	as long as short
Kraken Futures PF_GRASSUSD	+0.1474%	1h	0.4352	+0.185%	$158K	$98K	20x	as long as short
Lighter GRASS	+0.2448%	1h	0.4368	+0.562%	$827K	$732K	5x	as long as short