Funding arb · Price arb /

GRASS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.008%

Price spread now: Variational Omni against Extended+0.108%7-day average −0.044% · you sell dearer than you buy

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

Long on Extended Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.013%−$1 on $10k

Price spread, last 4 days (all we have)−0.291%−$29 · spread now +0.108%, 7d avg −0.044%

Together, before fees−0.304%+ Points / potential airdropExtended: Active · Variational Omni: Active · farm board−$30 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 0.152% dearer against Extended than usual: you sell high and buy low, +$15 on $10k if it goes back to its 7-day average of −0.044%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended GRASS-USD	0.4336	0.0104	pay 0.0013% / 1h	50m 51s	$214K	$773K	10x
Short	Variational Omni GRASS	0.4341	0.0100	get 0.0050% / 4h	1h 50m	$2.2M	$1.4M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Extended. 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 ExtendedbpFee Variational OmnibpOrdersPrice spread, now +0.108%Rate

Funding earned: −$0.84
Price spread: +0.108% → −0.044%: $15.22
Slippage, 4 orders: no order book: not counted
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $9.38
Costs to cover: 0.050%
Break-even: from the start

Slippage unknown: Extended: live order book, 57 min ago; Variational Omni: RFQ quote, 3 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 Extended live order book, 57 min ago	3.38 bp	13.9 bp −$14	68.6 bp −$686	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 3 min ago	5.67 bp	doesn't fit	32.9 bp −$329	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	−0.0108%	1h	0.4335	−0.028%	$651	—	15x	as long as short
Injective GRASS/USDC PERP	+0.0033%	1h	0.4267	−1.593%	$7	$23K	5.5x	as long as short
BloFin GRASS-USDT	+0.0099%	4h	0.4347	+0.252%	$546K	$373K	20x	as long as short
Binance GRASSUSDT	+0.0100%	4h	0.4337	+0.029%	$10.2M	$35.4M	75x	as long as short
Bybit GRASSUSDT	+0.0100%	4h	0.4336	+0.003%	$24.7M	$19.5M	25x	as long as short
OKX GRASS-USDT-SWAP	+0.0100%	4h	0.4344	+0.182%	$3.4M	$20.1M	20x	as long as short
Gate GRASS_USDT	+0.0100%	4h	0.4331	−0.117%	$1.2M	$1.8M	50x	as long as short
MEXC GRASS_USDT	+0.0100%	4h	0.4335	−0.025%	$1.5M	$2.8M	100x	as long as short
KuCoin GRASSUSDTM	+0.0100%	4h	0.4335	−0.025%	$1.3M	$1.9M	50x	as long as short
Bitget GRASSUSDT	+0.0100%	4h	0.4340	+0.088%	$5.1M	$3.7M	75x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX GRASS-USDT	+0.0100%	4h	0.4338	+0.044%	—	$7.4M	—	as long as short
Variational Omni GRASSshort	+0.0100%	4h	0.4341	+0.108%	$2.2M	$1.4M	—
Extended GRASS-USDlong	+0.0104%	1h	0.4336	long leg	$214K	$773K	10x
Hyperliquid GRASS	+0.0299%	1h	0.4350	+0.328%	$16.5M	$4.4M	3x	as long as short
Aster GRASSUSDT	+0.0393%	4h	0.4329	−0.154%	$62K	$302K	10x	as long as short
Kraken Futures PF_GRASSUSD	+0.0594%	1h	0.4346	+0.240%	$156K	$152K	20x	as long as short
Lighter GRASS	+0.1624%	1h	0.4360	+0.561%	$841K	$975K	5x	as long as short