Funding arb · Price arb /

GRASS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bitget against Bybit−0.007%7-day average +0.040% · you buy dearer than you sell

Net, funding: paid 7d − costs−$99as in the Funding arb table

Net, price: spread back to 7d avg − costs−$112as in the Price arb table

costs, in and out, $10k−$1071.071% of the position

Long on Bybit Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.086%+$9 on $10k

Price spread, last 7 days+0.057%+$6 · spread now −0.007%, 7d avg +0.040%

Together, before fees+0.143%+$14 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bitget is 0.047% cheaper against Bybit than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of +0.040%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit GRASSUSDT	0.4266	0.0100	pay 0.0050% / 4h	1h 49m	$24.0M	$11.6M	25x
Short	Bitget GRASSUSDT	0.4265	0.0100	get 0.0050% / 4h	1h 49m	$5.0M	$2.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Bybit. 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 BybitbpFee BitgetbpOrdersPrice spread, now −0.007%Rate

Funding earned: $0
Price spread: −0.007% → +0.040%: −$4.72
Slippage, 4 orders: −$84.14
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$111.86
Costs to cover: 1.071%
Break-even: never at this rate

Slippage from Bybit: live order book, 4 min ago; Bitget: 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 Bybit live order book, 4 min ago	1.15 bp	21.6 bp −$22	42.0 bp −$420	doesn't fit	doesn't fit
Sell Bitget live order book, 3 min ago	8.40 bp	23.9 bp −$24	160.7 bp −$1,607	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	0.4273	+0.178%	$642	—	15x	as long as short
Injective GRASS/USDC PERP	+0.0033%	1h	0.4267	+0.028%	$7	$23K	5.5x	as long as short
Bybit GRASSUSDTlong	+0.0100%	4h	0.4266	long leg	$24.0M	$11.6M	25x
OKX GRASS-USDT-SWAP	+0.0100%	4h	0.4273	+0.169%	$3.1M	$8.9M	20x	as long as short
Gate GRASS_USDT	+0.0100%	4h	0.4262	−0.089%	$1.2M	$1.3M	50x	as long as short
Bitget GRASSUSDTshort	+0.0100%	4h	0.4265	−0.007%	$5.0M	$2.3M	75x
Variational Omni GRASS	+0.0100%	4h	0.4282	+0.371%	$2.1M	$1.1M	—	as long as short
KuCoin GRASSUSDTM	+0.0126%	4h	0.4265	−0.019%	$1.4M	$1.0M	50x	as long as short
Extended GRASS-USD	+0.0312%	1h	0.4270	+0.089%	$210K	$823K	10x	as long as short
Binance GRASSUSDT	+0.0314%	4h	0.4270	+0.105%	$10.4M	$18.5M	75x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC GRASS_USDT	+0.0336%	4h	0.4277	+0.263%	$1.4M	$1.6M	100x	as long as short
BingX GRASS-USDT	+0.0360%	4h	0.4269	+0.075%	—	$7.2M	—	as long as short
BloFin GRASS-USDT	+0.0392%	4h	0.4277	+0.263%	$573K	$268K	20x	as long as short
Hyperliquid GRASS	+0.0824%	1h	0.4272	+0.145%	$15.8M	$2.9M	3x	as long as short
Aster GRASSUSDT	+0.1299%	4h	0.4265	−0.008%	$63K	$139K	10x	as long as short
Lighter GRASS	+0.1488%	1h	0.4286	+0.471%	$748K	$639K	5x	as long as short
Kraken Futures PF_GRASSUSD	+0.1505%	1h	0.4262	−0.092%	$157K	$91K	20x	as long as short