Funding arb · Price arb /

GRASS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.008%

Price spread now: BingX against Extended+0.003%7-day average +0.043% · you sell dearer than you buy

Net, funding: paid 7d − costs−$77as in the Funding arb table

Net, price: spread back to 7d avg − costs−$80as in the Price arb table

costs, in and out, $10k−$760.758% of the position

Long on Extended Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.016%−$2 on $10k

Price spread, last 4 days (all we have)−0.080%−$8 · spread now +0.003%, 7d avg +0.043%

Together, before fees−0.096%+ Points / potential airdropExtended: Active · farm board−$10 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: BingX is 0.040% cheaper against Extended than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.043%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended GRASS-USD	0.4154	0.0104	pay 0.0013% / 1h	43m 32s	$205K	$1.0M	10x
Short	BingX GRASS-USDT	0.4154	0.0100	get 0.0050% / 4h	3h 43m	—	$7.3M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Extended. 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 ExtendedbpFee BingXbpOrdersPrice spread, now +0.003%Rate

Funding earned: −$0.84
Price spread: +0.003% → +0.043%: −$4.02
Slippage, 4 orders: −$60.83
Fee Extended: 2.5 bp × 2 orders: −$5
Fee BingX: 5 bp × 2 orders: −$10
Net: −$80.7
Costs to cover: 0.758%
Break-even: never at this rate

Slippage from Extended: live order book, 30 min ago; BingX: live order book, 4 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 Extended live order book, 30 min ago	3.63 bp	15.1 bp −$15	94.2 bp −$942	doesn't fit	doesn't fit
Sell BingX live order book, 4 min ago	5.97 bp	23.8 bp −$24	37.4 bp −$374	256.9 bp −$25.7K	548.8 bp −$274.4K

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	−0.0112%	1h	0.4155	+0.025%	$624	—	15x	as long as short
Injective GRASS/USDC PERP	+0.0033%	1h	0.4267	+2.723%	$7	$23K	5.5x	as long as short
BloFin GRASS-USDT	+0.0082%	4h	0.4198	+1.062%	$524K	$302K	20x	as long as short
Binance GRASSUSDT	+0.0100%	4h	0.4149	−0.117%	$9.8M	$26.4M	75x	as long as short
Bybit GRASSUSDT	+0.0100%	4h	0.4145	−0.221%	$23.6M	$15.3M	25x	as long as short
OKX GRASS-USDT-SWAP	+0.0100%	4h	0.4147	−0.166%	$3.1M	$13.3M	20x	as long as short
Gate GRASS_USDT	+0.0100%	4h	0.4155	+0.027%	$1.1M	$1.5M	50x	as long as short
MEXC GRASS_USDT	+0.0100%	4h	0.4154	+0.003%	$1.2M	$2.2M	100x	as long as short
Bitget GRASSUSDT	+0.0100%	4h	0.4152	−0.048%	$4.8M	$3.0M	75x	as long as short
BingX GRASS-USDTshort	+0.0100%	4h	0.4154	+0.003%	—	$7.3M	—

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni GRASS	+0.0100%	4h	0.4185	+0.746%	$2.0M	$1.2M	—	as long as short
Extended GRASS-USDlong	+0.0104%	1h	0.4154	long leg	$205K	$1.0M	10x
KuCoin GRASSUSDTM	+0.0114%	4h	0.4156	+0.051%	$1.3M	$1.4M	50x	as long as short
Kraken Futures PF_GRASSUSD	+0.0281%	1h	0.4155	+0.036%	$148K	$127K	20x	as long as short
Aster GRASSUSDT	+0.0550%	4h	0.4154	+0.007%	$65K	$214K	10x	as long as short
Hyperliquid GRASS	+0.0567%	1h	0.4167	+0.309%	$15.5M	$3.7M	3x	as long as short
Lighter GRASS	+0.1960%	1h	0.4173	+0.456%	$814K	$780K	5x	as long as short