Funding arb · Price arb /

GRASS

all GRASS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0201%/8h= −22.0% APRpaid last 24h −0.073%

Price spread now: Reya against BloFin−0.248%7-day average — · you buy dearer than you sell

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

Long on BloFin 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

Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Reya is 0.248% cheaper against BloFin than usual: you would sell low and buy high (−$25 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin GRASS-USDT	0.4153	0.0089	pay 0.0044% / 4h	1m 01s	$520K	$298K	20x
Short	Reya GRASSRUSDPERP	0.4143	−0.0113	pay 0.0014% / 1h	1m 01s	$622	—	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against BloFin. 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 BloFinbpFee ReyabpOrdersPrice spread, now −0.248%Rate

Funding earned: −$42.24
Price spread: −0.248% → 0.000%: −$24.8
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Reya: 3 bp × 2 orders: −$6
Net: −$85.04
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: BloFin: live order book, 10 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 BloFin live order book, 10 min ago	10.83 bp	23.2 bp −$23	38.3 bp −$383	105.7 bp −$10.6K	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	−0.0113%	1h	0.4143	−0.248%	$622	—	15x
Injective GRASS/USDC PERP	+0.0033%	1h	0.4267	+2.745%	$7	$23K	5.5x	as long as short
BloFin GRASS-USDTlong	+0.0089%	4h	0.4153	long leg	$520K	$298K	20x
Binance GRASSUSDT	+0.0100%	4h	0.4151	−0.045%	$9.8M	$25.1M	75x	as long as short
Bybit GRASSUSDT	+0.0100%	4h	0.4145	−0.200%	$23.4M	$14.7M	25x	as long as short
OKX GRASS-USDT-SWAP	+0.0100%	4h	0.4148	−0.120%	$3.0M	$12.7M	20x	as long as short
Gate GRASS_USDT	+0.0100%	4h	0.4140	−0.313%	$1.1M	$1.5M	50x	as long as short
MEXC GRASS_USDT	+0.0100%	4h	0.4150	−0.072%	$1.1M	$2.2M	100x	as long as short
Bitget GRASSUSDT	+0.0100%	4h	0.4145	−0.183%	$4.9M	$2.8M	75x	as long as short
BingX GRASS-USDT	+0.0100%	4h	0.4146	−0.169%	—	$7.3M	—	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni GRASS	+0.0100%	4h	0.4142	−0.254%	$2.0M	$1.2M	—	as long as short
Extended GRASS-USD	+0.0104%	1h	0.4145	−0.188%	$205K	$823K	10x	as long as short
KuCoin GRASSUSDTM	+0.0118%	4h	0.4146	−0.169%	$1.3M	$1.4M	50x	as long as short
Hyperliquid GRASS	+0.0353%	1h	0.4154	+0.017%	$15.5M	$3.6M	3x	as long as short
Aster GRASSUSDT	+0.0617%	4h	0.4148	−0.127%	$64K	$208K	10x	as long as short
Kraken Futures PF_GRASSUSD	+0.1407%	1h	0.4148	−0.130%	$147K	$124K	20x	as long as short
Lighter GRASS	+0.2568%	1h	0.4166	+0.315%	$813K	$776K	5x	as long as short