Funding arb · Price arb /

GRASS

all GRASS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bybit against Gate−0.128%7-day average −0.032% · you buy dearer than you sell

Net, funding: paid 7d − costs−$169as in the Funding arb table

Net, price: spread back to 7d avg − costs−$177as in the Price arb table

costs, in and out, $10k−$1671.673% of the position

Long on Gate Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.014%−$1 on $10k

Price spread, last 4 days (all we have)+0.142%+$14 · spread now −0.128%, 7d avg −0.032%

Together, before fees+0.129%+$13 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: Bybit is 0.096% cheaper against Gate than usual: you would sell low and buy high, −$10 on $10k if it goes back to its 7-day average of −0.032%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate GRASS_USDT	0.4154	0.0100	pay 0.0050% / 4h	3h 49m	$1.1M	$1.5M	50x
Short	Bybit GRASSUSDT	0.4149	0.0100	get 0.0050% / 4h	3h 49m	$23.6M	$15.0M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Gate. 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 GatebpFee BybitbpOrdersPrice spread, now −0.128%Rate

Funding earned: $0
Price spread: −0.128% → −0.032%: −$9.57
Slippage, 4 orders: −$141.26
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$176.83
Costs to cover: 1.673%
Break-even: never at this rate

Slippage from Gate: live order book, 3 min ago; Bybit: 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 Gate live order book, 3 min ago	10.92 bp	62.7 bp −$63	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 4 min ago	1.21 bp	17.8 bp −$18	37.8 bp −$378	402.8 bp −$40.3K	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	0.4155	+0.034%	$624	—	15x	as long as short
Injective GRASS/USDC PERP	+0.0033%	1h	0.4267	+2.720%	$7	$23K	5.5x	as long as short
BloFin GRASS-USDT	+0.0091%	4h	0.4134	−0.481%	$520K	$297K	20x	as long as short
Binance GRASSUSDT	+0.0100%	4h	0.4151	−0.061%	$9.8M	$25.9M	75x	as long as short
Bybit GRASSUSDTshort	+0.0100%	4h	0.4149	−0.128%	$23.6M	$15.0M	25x
OKX GRASS-USDT-SWAP	+0.0100%	4h	0.4160	+0.144%	$3.1M	$13.1M	20x	as long as short
Gate GRASS_USDTlong	+0.0100%	4h	0.4154	long leg	$1.1M	$1.5M	50x
MEXC GRASS_USDT	+0.0100%	4h	0.4151	−0.072%	$1.2M	$2.2M	100x	as long as short
Bitget GRASSUSDT	+0.0100%	4h	0.4154	−0.007%	$4.8M	$2.9M	75x	as long as short
BingX GRASS-USDT	+0.0100%	4h	0.4151	−0.072%	—	$7.3M	—	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni GRASS	+0.0100%	4h	0.4127	−0.653%	$2.0M	$1.2M	—	as long as short
Extended GRASS-USD	+0.0104%	1h	0.4153	−0.015%	$205K	$881K	10x	as long as short
KuCoin GRASSUSDTM	+0.0120%	4h	0.4152	−0.048%	$1.2M	$1.4M	50x	as long as short
Kraken Futures PF_GRASSUSD	+0.0281%	1h	0.4156	+0.053%	$147K	$125K	20x	as long as short
Aster GRASSUSDT	+0.0566%	4h	0.4156	+0.048%	$65K	$210K	10x	as long as short
Hyperliquid GRASS	+0.0578%	1h	0.4160	+0.152%	$15.5M	$3.7M	3x	as long as short
Lighter GRASS	+0.1976%	1h	0.4172	+0.426%	$814K	$780K	5x	as long as short