Funding arb · Price arb /

GRASS

all GRASS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0034%/8h= +3.7% APRpaid last 24h 0.000%

Price spread now: Extended against BloFin+0.036%7-day average −0.155% · you sell dearer than you buy

Net, funding: paid 7d − costs−$76as in the Funding arb table

Net, price: spread back to 7d avg − costs−$58as in the Price arb table

costs, in and out, $10k−$770.769% of the position

Long on BloFin Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.005%$0 on $10k

Price spread, last 3 days (all we have)−0.276%−$28 · spread now +0.036%, 7d avg −0.155%

Together, before fees−0.272%+ Points / potential airdropExtended: Active · farm board−$27 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Extended is 0.191% dearer against BloFin than usual: you sell high and buy low: +$19 more if the spread goes back to its 7-day average of −0.155%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin GRASS-USDT	0.4336	0.0310	pay 0.0155% / 4h	1h 52m	$577K	$271K	20x
Short	Extended GRASS-USD	0.4338	0.0344	get 0.0043% / 1h	52m 27s	$214K	$823K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against BloFin. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 BloFinbpFee ExtendedbpOrdersPrice spread, now +0.036%Rate

Funding earned: $7.1
Price spread: +0.036% → −0.155%: $19.07
Slippage, 4 orders: −$59.94
Fee BloFin: 6 bp × 2 orders: −$12
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$50.76
Costs to cover: 0.769%
Break-even: 57.1 days

Slippage from BloFin: live order book, 29 min ago; Extended: live order book, 31 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, 29 min ago	3.34 bp	25.1 bp −$25	44.4 bp −$444	137.5 bp −$13.8K	doesn't fit
Sell Extended live order book, 31 min ago	5.62 bp	16.3 bp −$16	83.5 bp −$835	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	0.4328	−0.179%	$650	—	15x	as long as short
Injective GRASS/USDC PERP	+0.0033%	1h	0.4267	−1.591%	$7	$23K	5.5x	as long as short
Bybit GRASSUSDT	+0.0100%	4h	0.4290	−1.049%	$24.1M	$11.4M	25x	as long as short
OKX GRASS-USDT-SWAP	+0.0100%	4h	0.4293	−0.992%	$3.2M	$8.8M	20x	as long as short
Gate GRASS_USDT	+0.0100%	4h	0.4318	−0.415%	$1.2M	$1.3M	50x	as long as short
Bitget GRASSUSDT	+0.0100%	4h	0.4284	−1.192%	$5.1M	$2.3M	75x	as long as short
Variational Omni GRASS	+0.0100%	4h	0.4451	+2.655%	$2.2M	$1.1M	—	as long as short
KuCoin GRASSUSDTM	+0.0134%	4h	0.4342	+0.138%	$1.4M	$1.0M	50x	as long as short
BloFin GRASS-USDTlong	+0.0310%	4h	0.4336	long leg	$577K	$271K	20x
Extended GRASS-USDshort	+0.0344%	1h	0.4338	+0.036%	$214K	$823K	10x

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC GRASS_USDT	+0.0346%	4h	0.4298	−0.876%	$1.4M	$1.5M	100x	as long as short
Binance GRASSUSDT	+0.0346%	4h	0.4300	−0.823%	$10.6M	$18.1M	75x	as long as short
BingX GRASS-USDT	+0.0376%	4h	0.4291	−1.038%	—	$7.1M	—	as long as short
Hyperliquid GRASS	+0.1066%	1h	0.4334	−0.051%	$16.0M	$2.8M	3x	as long as short
Aster GRASSUSDT	+0.1353%	4h	0.4339	+0.070%	$64K	$133K	10x	as long as short
Kraken Futures PF_GRASSUSD	+0.1478%	1h	0.4341	+0.117%	$161K	$87K	20x	as long as short
Lighter GRASS	+0.1704%	1h	0.4366	+0.694%	$761K	$638K	5x	as long as short