Funding you earn now, next payment 00:00 UTC+0.0277%/8h= +30.3% APRnext payment +$1.38 per $10,000 · paid last 24h 0.000%
Price spread now: Binance against Bybit+0.265%7-day average +0.182% · 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−$77as in the Price arb table
costs, in and out, $10k−$850.850% of the position
Funding, last 7 days+0.086%+$9 on $10k
+Price spread, last 7 days−0.069%−$7 · spread now +0.265%, 7d avg +0.182%
=Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and Binance is 0.083% dearer against Bybit than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of +0.182%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.086% in total (about 4.5% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.38 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 | Bybit GRASSUSDT | 0.4471 | 0.0100 | pay 0.0050% / 4h | 2h 15m | $25.0M | $10.6M | 25x |
| Short | Binance GRASSUSDT | 0.4483 | 0.0377 | get 0.0188% / 4h | 2h 15m | $11.0M | $15.8M | 75x |
Bybit GRASSUSDT
Binance GRASSUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Bybit. 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
- $58.09
- Price spread: +0.265% → +0.182%
- $8.3
- Slippage, 4 orders
- −$64.01
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$18.61
- Costs to cover
- 0.850%
- Break-even
- 9.2 days
Slippage from Bybit: live order book, 3 min ago; Binance: live order book, 10 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 Bybit live order book, 3 min ago | 5.58 bp | 23.1 bp −$23 | 40.9 bp −$409 | doesn't fit | doesn't fit |
| Sell Binance live order book, 10 min ago | 2.24 bp | 16.5 bp −$16 | 32.4 bp −$324 | 315.4 bp −$31.5K | 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 | 0.4467 | −0.090% | $671 | — | 15x | as long as short |
| Bybit GRASSUSDTlong | +0.0100% | 4h | 0.4471 | long leg | $25.0M | $10.6M | 25x | |
| OKX GRASS-USDT-SWAP | +0.0100% | 4h | 0.4475 | +0.087% | $3.4M | $7.8M | 20x | as long as short |
| Gate GRASS_USDT | +0.0100% | 4h | 0.4451 | −0.450% | $1.2M | $1.2M | 50x | as long as short |
| KuCoin GRASSUSDTM | +0.0100% | 4h | 0.4454 | −0.382% | $1.6M | $969K | 50x | as long as short |
| Bitget GRASSUSDT | +0.0100% | 4h | 0.4472 | +0.020% | $5.2M | $2.1M | 75x | as long as short |
| Variational Omni GRASS | +0.0100% | 4h | 0.4466 | −0.107% | $2.2M | $1.1M | — | as long as short |
| Hyperliquid GRASS | +0.0371% | 1h | 0.4471 | −0.009% | $16.4M | $2.6M | 3x | as long as short |
| Extended GRASS-USD | +0.0376% | 1h | 0.4474 | +0.068% | $220K | $823K | 10x | as long as short |
| Binance GRASSUSDTshort | +0.0377% | 4h | 0.4483 | +0.265% | $11.0M | $15.8M | 75x |
Reya GRASSRUSDPERP
OKX GRASS-USDT-SWAP
Gate GRASS_USDT
KuCoin GRASSUSDTM
Bitget GRASSUSDT
Variational Omni GRASS
Hyperliquid GRASS
Extended GRASS-USDShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC GRASS_USDT | +0.0382% | 4h | 0.4473 | +0.042% | $1.7M | $1.3M | 100x | as long as short |
| BingX GRASS-USDT | +0.0392% | 4h | 0.4461 | −0.226% | — | $7.1M | — | as long as short |
| BloFin GRASS-USDT | +0.0430% | 4h | 0.4462 | −0.204% | $586K | $259K | 20x | as long as short |
| Kraken Futures PF_GRASSUSD | +0.1500% | 1h | 0.4488 | +0.367% | $165K | $79K | 20x | as long as short |
| Aster GRASSUSDT | +0.1511% | 4h | 0.4468 | −0.077% | $65K | $128K | 10x | as long as short |
| Lighter GRASS | +0.1768% | 1h | 0.4505 | +0.756% | $701K | $532K | 5x | as long as short |
| Injective GRASS/USDC PERP | +0.5000% | 1h | 0.4267 | −4.565% | $7 | $23K | 5.5x | as long as short |
MEXC GRASS_USDT
BingX GRASS-USDT
BloFin GRASS-USDT
Kraken Futures PF_GRASSUSD
Aster GRASSUSDT
Lighter GRASS
Injective GRASS/USDC PERP