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: OKX against Extended+0.003%7-day average +0.083% · 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−$83as in the Price arb table

costs, in and out, $10k−$750.746% of the position

Long on Extended Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.023%−$2 on $10k

Price spread, last 4 days (all we have)+0.061%+$6 · spread now +0.003%, 7d avg +0.083%

Together, before fees+0.037%+ Points / potential airdropExtended: Active · farm board+$4 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: OKX is 0.080% cheaper against Extended than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of +0.083%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended GRASS-USD	0.4182	0.0104	pay 0.0013% / 1h	16m 07s	$206K	$900K	10x
Short	OKX GRASS-USDT-SWAP	0.4182	0.0100	get 0.0050% / 4h	3h 16m	$3.1M	$13.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.003%Rate

Funding earned: −$0.84
Price spread: +0.003% → +0.083%: −$8.02
Slippage, 4 orders: −$59.57
Fee Extended: 2.5 bp × 2 orders: −$5
Fee OKX: 5 bp × 2 orders: −$10
Net: −$83.43
Costs to cover: 0.746%
Break-even: never at this rate

Slippage from Extended: live order book, 7 min ago; OKX: 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, 7 min ago	4.79 bp	16.1 bp −$16	81.2 bp −$812	doesn't fit	doesn't fit
Sell OKX live order book, 2 min ago	2.40 bp	18.9 bp −$19	60.6 bp −$606	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	−0.0112%	1h	0.4178	−0.083%	$628	—	15x	as long as short
Injective GRASS/USDC PERP	+0.0033%	1h	0.4267	+2.036%	$7	$23K	5.5x	as long as short
Binance GRASSUSDT	+0.0100%	4h	0.4187	+0.125%	$9.9M	$26.6M	75x	as long as short
Bybit GRASSUSDT	+0.0100%	4h	0.4180	−0.045%	$23.7M	$15.3M	25x	as long as short
OKX GRASS-USDT-SWAPshort	+0.0100%	4h	0.4182	+0.003%	$3.1M	$13.7M	20x
Gate GRASS_USDT	+0.0100%	4h	0.4171	−0.260%	$1.1M	$1.5M	50x	as long as short
MEXC GRASS_USDT	+0.0100%	4h	0.4183	+0.027%	$1.2M	$2.2M	100x	as long as short
Bitget GRASSUSDT	+0.0100%	4h	0.4178	−0.105%	$4.8M	$3.0M	75x	as long as short
BingX GRASS-USDT	+0.0100%	4h	0.4177	−0.116%	—	$7.3M	—	as long as short
Variational Omni GRASS	+0.0100%	4h	0.4175	−0.156%	$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	0.4182	long leg	$206K	$900K	10x
BloFin GRASS-USDT	+0.0109%	4h	0.4178	−0.093%	$528K	$302K	20x	as long as short
KuCoin GRASSUSDTM	+0.0192%	4h	0.4182	+0.003%	$1.3M	$1.5M	50x	as long as short
Kraken Futures PF_GRASSUSD	+0.0279%	1h	0.4180	−0.033%	$149K	$127K	20x	as long as short
Hyperliquid GRASS	+0.0544%	1h	0.4185	+0.070%	$15.6M	$3.7M	3x	as long as short
Aster GRASSUSDT	+0.0570%	4h	0.4179	−0.071%	$67K	$208K	10x	as long as short
Lighter GRASS	+0.2040%	1h	0.4200	+0.429%	$820K	$782K	5x	as long as short