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: Variational Omni against Bybit−0.254%7-day average −0.010% · you buy dearer than you sell

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

Long on Bybit Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)0.000%$0 on $10k

Price spread, last 7 days+0.205%+$21 · spread now −0.254%, 7d avg −0.010%

Together, before fees+0.205%+ Points / potential airdropVariational Omni: Active · farm board+$21 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: Variational Omni is 0.243% cheaper against Bybit than usual: you would sell low and buy high, −$24 on $10k if it goes back to its 7-day average of −0.010%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit GRASSUSDT	0.4110	0.0100	pay 0.0050% / 4h	2h 33m	$22.9M	$16.3M	25x
Short	Variational Omni GRASS	0.4100	0.0100	get 0.0050% / 4h	2h 33m	$2.0M	$1.2M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Bybit. 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 BybitbpFee Variational OmnibpOrdersPrice spread, now −0.254%Rate

Funding earned: $0
Price spread: −0.254% → −0.010%: −$24.34
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$35.34
Costs to cover: 0.110%
Break-even: never at this rate

Slippage unknown: Bybit: live order book, 1 min ago; Variational Omni: RFQ quote, 1 min ago. 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 Bybit live order book, 1 min ago	2.44 bp	24.8 bp −$25	109.5 bp −$1,095	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 1 min ago	7.33 bp	doesn't fit	119.7 bp −$1,197	doesn't fit	doesn't fit

GRASS on 16 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	−0.0112%	1h	0.4104	−0.142%	$617	—	15x	as long as short
Injective GRASS/USDC PERP	+0.0033%	1h	0.4267	+3.812%	$7	$23K	5.5x	as long as short
Binance GRASSUSDT	+0.0100%	4h	0.4113	+0.066%	$9.7M	$28.1M	75x	as long as short
Bybit GRASSUSDTlong	+0.0100%	4h	0.4110	long leg	$22.9M	$16.3M	25x
OKX GRASS-USDT-SWAP	+0.0100%	4h	0.4108	−0.056%	$3.1M	$14.5M	20x	as long as short
Gate GRASS_USDT	+0.0100%	4h	0.4103	−0.178%	$1.1M	$1.6M	50x	as long as short
MEXC GRASS_USDT	+0.0100%	4h	0.4110	−0.007%	$1.2M	$2.3M	100x	as long as short
Bitget GRASSUSDT	+0.0100%	4h	0.4111	+0.022%	$4.8M	$3.1M	75x	as long as short
BingX GRASS-USDT	+0.0100%	4h	0.4109	−0.032%	—	$7.3M	—	as long as short
Variational Omni GRASSshort	+0.0100%	4h	0.4100	−0.254%	$2.0M	$1.2M	—

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended GRASS-USD	+0.0104%	1h	0.4104	−0.154%	$207K	$902K	10x	as long as short
KuCoin GRASSUSDTM	+0.0170%	4h	0.4105	−0.129%	$1.2M	$1.6M	50x	as long as short
Aster GRASSUSDT	+0.0448%	4h	0.4105	−0.140%	$66K	$212K	10x	as long as short
Kraken Futures PF_GRASSUSD	+0.0646%	1h	0.4104	−0.155%	$146K	$128K	20x	as long as short
Hyperliquid GRASS	+0.1265%	1h	0.4114	+0.092%	$15.5M	$3.9M	3x	as long as short
Lighter GRASS	+0.2072%	1h	0.4126	+0.375%	$806K	$784K	5x	as long as short