Funding arb · Price arb /

GRASS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Gate against Bybit+0.033%7-day average +0.065% · you sell dearer than you buy

Net, funding: paid 7d − costs−$122as in the Funding arb table

Net, price: spread back to 7d avg − costs−$126as in the Price arb table

costs, in and out, $10k−$1231.233% of the position

Long on Bybit Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.014%+$1 on $10k

Price spread, last 7 days+0.034%+$3 · spread now +0.033%, 7d avg +0.065%

Together, before fees+0.048%+$5 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: Gate is 0.032% cheaper against Bybit than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.065%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit GRASSUSDT	0.4263	0.0100	pay 0.0050% / 4h	1h 19m	$23.8M	$16.7M	25x
Short	Gate GRASS_USDT	0.4264	0.0100	get 0.0050% / 4h	1h 19m	$1.2M	$1.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.033%Rate

Funding earned: $0
Price spread: +0.033% → +0.065%: −$3.21
Slippage, 4 orders: −$97.25
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$126.46
Costs to cover: 1.233%
Break-even: never at this rate

Slippage from Bybit: live order book, 4 min ago; Gate: 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	2.35 bp	19.0 bp −$19	49.7 bp −$497	doesn't fit	doesn't fit
Sell Gate live order book, 3 min ago	3.51 bp	46.4 bp −$46	593.1 bp −$5,931	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	−0.0111%	1h	0.4268	+0.126%	$641	—	15x	as long as short
Kraken Futures PF_GRASSUSD	+0.0004%	1h	0.4269	+0.159%	$153K	$130K	20x	as long as short
Injective GRASS/USDC PERP	+0.0033%	1h	0.4267	+0.103%	$7	$23K	5.5x	as long as short
Binance GRASSUSDT	+0.0100%	4h	0.4268	+0.127%	$10.2M	$29.3M	75x	as long as short
Bybit GRASSUSDTlong	+0.0100%	4h	0.4263	long leg	$23.8M	$16.7M	25x
OKX GRASS-USDT-SWAP	+0.0100%	4h	0.4263	+0.009%	$3.3M	$15.8M	20x	as long as short
Gate GRASS_USDTshort	+0.0100%	4h	0.4264	+0.033%	$1.2M	$1.6M	50x
MEXC GRASS_USDT	+0.0100%	4h	0.4268	+0.127%	$1.2M	$2.4M	100x	as long as short
KuCoin GRASSUSDTM	+0.0100%	4h	0.4268	+0.127%	$1.3M	$1.7M	50x	as long as short
Bitget GRASSUSDT	+0.0100%	4h	0.4265	+0.066%	$5.0M	$3.2M	75x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX GRASS-USDT	+0.0100%	4h	0.4268	+0.127%	—	$7.3M	—	as long as short
Variational Omni GRASS	+0.0100%	4h	0.4273	+0.249%	$2.1M	$1.2M	—	as long as short
Extended GRASS-USD	+0.0104%	1h	0.4267	+0.101%	$211K	$904K	10x	as long as short
BloFin GRASS-USDT	+0.0124%	4h	0.4285	+0.526%	$548K	$310K	20x	as long as short
Aster GRASSUSDT	+0.0590%	4h	0.4266	+0.080%	$66K	$226K	10x	as long as short
Hyperliquid GRASS	+0.0910%	1h	0.4272	+0.213%	$16.1M	$3.9M	3x	as long as short
Lighter GRASS	+0.1904%	1h	0.4285	+0.533%	$837K	$786K	5x	as long as short