Funding arb · Price arb /

GRASS

all GRASS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0042%/8h= +4.6% APRpaid last 24h −0.002%

Price spread now: BloFin against Extended+0.316%74s7-day average +0.162% · you sell dearer than you buy

Net, funding: paid 7d − costs−$75as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$740.741% of the position

Long on Extended Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.006%−$1 on $10k

Price spread, last 3 days (all we have)−0.170%−$17 · spread now +0.316%, 7d avg +0.162%

Together, before fees−0.176%+ Points / potential airdropExtended: Active · farm board−$18 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and BloFin is 0.154% dearer against Extended than usual: you sell high and buy low: +$15 more if the spread goes back to its 7-day average of +0.162%. The two prices were read 74 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended GRASS-USD	0.4116	0.0104	pay 0.0013% / 1h	27m 46s	$203K	$823K	10x
Short	BloFin GRASS-USDT	0.4129	0.0146	get 0.0073% / 4h	27m 46s	$532K	$289K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.316%Rate

Funding earned: $8.74
Price spread: +0.316% → +0.162%: $15.43
Slippage, 4 orders: −$57.15
Fee Extended: 2.5 bp × 2 orders: −$5
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$49.98
Costs to cover: 0.741%
Break-even: 47.0 days

Slippage from Extended: live order book, 50 min ago; BloFin: live order book, 48 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, 50 min ago	4.58 bp	15.0 bp −$15	66.4 bp −$664	doesn't fit	doesn't fit
Sell BloFin live order book, 48 min ago	6.85 bp	25.0 bp −$25	55.8 bp −$558	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	−0.0113%	1h	0.4131	+0.366%	$621	—	15x	as long as short
Injective GRASS/USDC PERP	+0.0033%	1h	0.4267	+3.669%	$7	$23K	5.5x	as long as short
Binance GRASSUSDT	+0.0100%	4h	0.4111	−0.110%	$9.7M	$24.4M	75x	as long as short
Bybit GRASSUSDT	+0.0100%	4h	0.4106	−0.250%	$23.0M	$14.2M	25x	as long as short
OKX GRASS-USDT-SWAP	+0.0100%	4h	0.4104	−0.291%	$3.0M	$12.0M	20x	as long as short
Gate GRASS_USDT	+0.0100%	4h	0.4105	−0.267%	$1.1M	$1.5M	50x	as long as short
MEXC GRASS_USDT	+0.0100%	4h	0.4105	−0.267%	$1.1M	$2.1M	100x	as long as short
Bitget GRASSUSDT	+0.0100%	4h	0.4100	−0.381%	$4.8M	$2.8M	75x	as long as short
BingX GRASS-USDT	+0.0100%	4h	0.4112	−0.097%	—	$7.2M	—	as long as short
Variational Omni GRASS	+0.0100%	4h	0.4141	+0.596%	$2.0M	$1.2M	—	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended GRASS-USDlong	+0.0104%	1h	0.4116	long leg	$203K	$823K	10x
BloFin GRASS-USDTshort	+0.0146%	4h	0.4129	+0.316%	$532K	$289K	20x
KuCoin GRASSUSDTM	+0.0156%	4h	0.4117	+0.025%	$1.2M	$1.3M	50x	as long as short
Hyperliquid GRASS	+0.0165%	1h	0.4119	+0.078%	$15.3M	$3.6M	3x	as long as short
Aster GRASSUSDT	+0.0705%	4h	0.4115	−0.020%	$64K	$207K	10x	as long as short
Kraken Futures PF_GRASSUSD	+0.1412%	1h	0.4131	+0.366%	$147K	$116K	20x	as long as short
Lighter GRASS	+0.2616%	1h	0.4130	+0.336%	$806K	$768K	5x	as long as short