Funding you earn now, next payment 00:00 UTC−0.0219%/8h= −24.0% APRnext payment −$1.10 per $10,000 · paid last 24h −0.007%
Price spread now: Bybit against BloFin+1.984%102s7-day average −0.186% · you sell dearer than you buy
Net, funding: paid 7d − costs−$91as 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−$820.816% of the position
Funding, last 7 days−0.096%−$10 on $10k
+Price spread, last 3 days (all we have)−2.092%−$209 · spread now +1.984%, 7d avg −0.186%
=The price spread pays, funding is against you. Bybit is 2.170% dearer against BloFin than usual: you sell high and buy low (spread +1.984% now, against its 7-day average of −0.186%): +$217 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 33 days. At the pace of the last 7 days (−0.096% in total) that is about 5 months. The two prices were read 102 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 -0.096% in total (about -5.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.10 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 | 0.4340 | 0.0319 | pay 0.0160% / 4h | 2h 55m | $549K | $246K | 20x |
| Short | Bybit GRASSUSDT | 0.4426 | 0.0100 | get 0.0050% / 4h | 2h 55m | $24.6M | $8.6M | 25x |
BloFin GRASS-USDT
Bybit GRASSUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- −$46.03
- Price spread: +1.984% → −0.186%
- $216.96
- Slippage, 4 orders
- −$58.59
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- $89.34
- Costs to cover
- 0.816%
- Break-even
- from the start
Slippage from BloFin: live order book, 30 min ago; Bybit: 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 BloFin live order book, 30 min ago | 7.22 bp | 20.4 bp −$20 | 76.5 bp −$765 | 230.3 bp −$23.0K | doesn't fit |
| Sell Bybit live order book, 3 min ago | 2.31 bp | 19.7 bp −$20 | 52.6 bp −$526 | 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 | −0.0115% | 1h | 0.4328 | −0.280% | $650 | — | 15x | as long as short |
| Bybit GRASSUSDTshort | +0.0100% | 4h | 0.4426 | +1.984% | $24.6M | $8.6M | 25x | |
| OKX GRASS-USDT-SWAP | +0.0100% | 4h | 0.4430 | +2.074% | $3.1M | $5.3M | 20x | as long as short |
| Gate GRASS_USDT | +0.0100% | 4h | 0.4409 | +1.590% | $1.2M | $890K | 50x | as long as short |
| KuCoin GRASSUSDTM | +0.0100% | 4h | 0.4406 | +1.521% | $1.5M | $860K | 50x | as long as short |
| Bitget GRASSUSDT | +0.0100% | 4h | 0.4409 | +1.590% | $5.1M | $1.8M | 75x | as long as short |
| Variational Omni GRASS | +0.0100% | 4h | 0.4331 | −0.208% | $1.4M | $317K | — | as long as short |
| MEXC GRASS_USDT | +0.0308% | 4h | 0.4417 | +1.774% | $1.3M | $857K | 100x | as long as short |
| Binance GRASSUSDT | +0.0310% | 4h | 0.4430 | +2.081% | $10.6M | $11.4M | 75x | as long as short |
| Extended GRASS-USD | +0.0312% | 1h | 0.4404 | +1.486% | $218K | $817K | 10x | as long as short |
Reya GRASSRUSDPERP
OKX GRASS-USDT-SWAP
Gate GRASS_USDT
KuCoin GRASSUSDTM
Bitget GRASSUSDT
Variational Omni GRASS
MEXC GRASS_USDT
Binance GRASSUSDT
Extended GRASS-USDShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX GRASS-USDT | +0.0312% | 4h | 0.4411 | +1.636% | — | $7.0M | — | as long as short |
| BloFin GRASS-USDTlong | +0.0319% | 4h | 0.4340 | long leg | $549K | $246K | 20x | |
| Hyperliquid GRASS | +0.0385% | 1h | 0.4412 | +1.671% | $16.5M | $2.2M | 3x | as long as short |
| Lighter GRASS | +0.1032% | 1h | 0.4424 | +1.924% | $702K | $497K | 5x | as long as short |
| Aster GRASSUSDT | +0.1508% | 4h | 0.4404 | +1.484% | $67K | $105K | 10x | as long as short |
| Kraken Futures PF_GRASSUSD | +0.1551% | 1h | 0.4342 | +0.052% | $164K | $58K | 20x | as long as short |
| Injective GRASS/USDC PERP | +0.5000% | 1h | 0.4267 | −1.682% | $7 | $23K | 5.5x | as long as short |
BingX GRASS-USDT
Hyperliquid GRASS
Lighter GRASS
Aster GRASSUSDT
Kraken Futures PF_GRASSUSD
Injective GRASS/USDC PERP