Funding you earn now, next payment 00:00 UTC−0.0315%/8h= −34.5% APRnext payment −$1.58 per $10,000 · paid last 24h −0.007%
Price spread now: Bitget against BloFin−0.645%85s7-day average −0.157% · you buy dearer than you sell
Net, funding: paid 7d − costs−$89as 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−$880.878% of the position
Funding, last 7 days−0.010%−$1 on $10k
+Price spread, last 3 days (all we have)+0.448%+$45 · spread now −0.645%, 7d avg −0.157%
=Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and Bitget is 0.488% cheaper against BloFin than usual: you would sell low and buy high (−$49 if the spread goes back to its 7-day average of −0.157%). Swap the legs. The two prices were read 85 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.010% in total (about -0.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.58 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin GRASS-USDT | 0.4481 | 0.0415 | pay 0.0208% / 4h | 2h 15m | $587K | $260K | 20x |
| Short | Bitget GRASSUSDT | 0.4452 | 0.0100 | get 0.0050% / 4h | 2h 15m | $5.2M | $2.1M | 75x |
BloFin GRASS-USDT
Bitget GRASSUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against BloFin. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$66.24
- Price spread: −0.645% → −0.157%
- −$48.8
- Slippage, 4 orders
- −$63.84
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$202.88
- Costs to cover
- 0.878%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 5 min ago; Bitget: live order book, 2 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 BloFin live order book, 5 min ago | 3.34 bp | 25.1 bp −$25 | 44.4 bp −$444 | 137.5 bp −$13.8K | doesn't fit |
| Sell Bitget live order book, 2 min ago | 9.83 bp | 20.7 bp −$21 | 108.0 bp −$1,080 | 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 | 0.4469 | −0.276% | $671 | — | 15x | as long as short |
| Bybit GRASSUSDT | +0.0100% | 4h | 0.4454 | −0.600% | $24.9M | $10.6M | 25x | as long as short |
| OKX GRASS-USDT-SWAP | +0.0100% | 4h | 0.4459 | −0.491% | $3.4M | $7.8M | 20x | as long as short |
| Gate GRASS_USDT | +0.0100% | 4h | 0.4455 | −0.580% | $1.2M | $1.2M | 50x | as long as short |
| KuCoin GRASSUSDTM | +0.0100% | 4h | 0.4462 | −0.424% | $1.6M | $969K | 50x | as long as short |
| Bitget GRASSUSDTshort | +0.0100% | 4h | 0.4452 | −0.645% | $5.2M | $2.1M | 75x | |
| Variational Omni GRASS | +0.0100% | 4h | 0.4485 | +0.084% | $2.2M | $1.1M | — | as long as short |
| Hyperliquid GRASS | +0.0365% | 1h | 0.4462 | −0.426% | $16.3M | $2.6M | 3x | as long as short |
| MEXC GRASS_USDT | +0.0382% | 4h | 0.4461 | −0.446% | $1.7M | $1.3M | 100x | as long as short |
| Binance GRASSUSDT | +0.0384% | 4h | 0.4461 | −0.437% | $10.9M | $15.8M | 75x | as long as short |
Reya GRASSRUSDPERP
Bybit GRASSUSDT
OKX GRASS-USDT-SWAP
Gate GRASS_USDT
KuCoin GRASSUSDTM
Variational Omni GRASS
Hyperliquid GRASS
MEXC GRASS_USDT
Binance GRASSUSDTShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended GRASS-USD | +0.0384% | 1h | 0.4453 | −0.616% | $220K | $823K | 10x | as long as short |
| BingX GRASS-USDT | +0.0392% | 4h | 0.4460 | −0.469% | — | $7.1M | — | as long as short |
| BloFin GRASS-USDTlong | +0.0415% | 4h | 0.4481 | long leg | $587K | $260K | 20x | |
| Kraken Futures PF_GRASSUSD | +0.1505% | 1h | 0.4475 | −0.136% | $164K | $79K | 20x | as long as short |
| Aster GRASSUSDT | +0.1525% | 4h | 0.4467 | −0.304% | $62K | $128K | 10x | as long as short |
| Lighter GRASS | +0.1768% | 1h | 0.4471 | −0.223% | $699K | $529K | 5x | as long as short |
| Injective GRASS/USDC PERP | +0.5000% | 1h | 0.4267 | −4.776% | $7 | $23K | 5.5x | as long as short |
Extended GRASS-USD
BingX GRASS-USDT
Kraken Futures PF_GRASSUSD
Aster GRASSUSDT
Lighter GRASS
Injective GRASS/USDC PERP