Funding arb · Price arb /

GRASS

all GRASS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0164%/8h= −18.0% APRpaid last 24h −0.007%

Price spread now: Gate against Extended−0.248%7-day average −0.003% · you buy dearer than you sell

Net, funding: paid 7d − costs−$129as in the Funding arb table

Net, price: spread back to 7d avg − costs−$144as in the Price arb table

costs, in and out, $10k−$1201.200% of the position

Long on Extended Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.087%−$9 on $10k

Price spread, last 4 days (all we have)+0.068%+$7 · spread now −0.248%, 7d avg −0.003%

Together, before fees−0.020%+ Points / potential airdropExtended: Active · farm board−$2 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Gate is 0.245% cheaper against Extended than usual: you would sell low and buy high (−$24 if the spread goes back to its 7-day average of −0.003%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended GRASS-USD	0.4378	0.0264	pay 0.0033% / 1h	15m 26s	$215K	$823K	10x
Short	Gate GRASS_USDT	0.4367	0.0100	get 0.0050% / 4h	1h 15m	$1.2M	$1.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.248%Rate

Funding earned: −$34.44
Price spread: −0.248% → −0.003%: −$24.48
Slippage, 4 orders: −$100.02
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$178.94
Costs to cover: 1.200%
Break-even: never at this rate

Slippage from Extended: live order book, 3 min ago; Gate: live order book, 2 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, 3 min ago	4.58 bp	15.0 bp −$15	66.4 bp −$664	doesn't fit	doesn't fit
Sell Gate live order book, 2 min ago	8.04 bp	40.6 bp −$41	663.8 bp −$6,638	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	0.4365	−0.289%	$656	—	15x	as long as short
Injective GRASS/USDC PERP	+0.0033%	1h	0.4267	−2.532%	$7	$23K	5.5x	as long as short
Bybit GRASSUSDT	+0.0100%	4h	0.4367	−0.250%	$24.7M	$13.1M	25x	as long as short
OKX GRASS-USDT-SWAP	+0.0100%	4h	0.4364	−0.316%	$3.1M	$10.9M	20x	as long as short
Gate GRASS_USDTshort	+0.0100%	4h	0.4367	−0.248%	$1.2M	$1.4M	50x
Bitget GRASSUSDT	+0.0100%	4h	0.4364	−0.321%	$5.1M	$2.6M	75x	as long as short
Variational Omni GRASS	+0.0100%	4h	0.4399	+0.493%	$2.1M	$1.2M	—	as long as short
KuCoin GRASSUSDTM	+0.0196%	4h	0.4372	−0.134%	$1.4M	$1.2M	50x	as long as short
MEXC GRASS_USDT	+0.0260%	4h	0.4370	−0.179%	$1.3M	$1.8M	100x	as long as short
Binance GRASSUSDT	+0.0260%	4h	0.4372	−0.134%	$10.4M	$21.8M	75x	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	+0.0264%	1h	0.4378	long leg	$215K	$823K	10x
BingX GRASS-USDT	+0.0276%	4h	0.4368	−0.225%	—	$7.2M	—	as long as short
BloFin GRASS-USDT	+0.0305%	4h	0.4365	−0.294%	$545K	$290K	20x	as long as short
Hyperliquid GRASS	+0.0683%	1h	0.4382	+0.106%	$16.4M	$3.3M	3x	as long as short
Aster GRASSUSDT	+0.1159%	4h	0.4368	−0.219%	$74K	$183K	10x	as long as short
Kraken Futures PF_GRASSUSD	+0.1469%	1h	0.4367	−0.247%	$160K	$105K	20x	as long as short
Lighter GRASS	+0.2840%	1h	0.4395	+0.403%	$857K	$762K	5x	as long as short