Funding arb · Price arb /

GRASS

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Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: OKX against Gate−0.138%7-day average +0.087% · you buy dearer than you sell

Net, funding: paid 7d − costs−$99as in the Funding arb table

Net, price: spread back to 7d avg − costs−$128as in the Price arb table

costs, in and out, $10k−$1061.059% of the position

Long on Gate Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.065%+$7 on $10k

Price spread, last 4 days (all we have)+0.490%+$49 · spread now −0.138%, 7d avg +0.087%

Together, before fees+0.556%+$56 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 0.225% cheaper against Gate than usual: you would sell low and buy high, −$23 on $10k if it goes back to its 7-day average of +0.087%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate GRASS_USDT	0.4347	0.0100	pay 0.0050% / 4h	1h 54m	$1.2M	$1.3M	50x
Short	OKX GRASS-USDT-SWAP	0.4341	0.0100	get 0.0050% / 4h	1h 54m	$3.2M	$8.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.138%Rate

Funding earned: $0
Price spread: −0.138% → +0.087%: −$22.5
Slippage, 4 orders: −$80.92
Fee Gate: 7.5 bp × 2 orders: −$15
Fee OKX: 5 bp × 2 orders: −$10
Net: −$128.42
Costs to cover: 1.059%
Break-even: never at this rate

Slippage from Gate: live order book, 3 min ago; OKX: live order book, 3 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	7.85 bp	29.3 bp −$29	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 3 min ago	2.24 bp	24.8 bp −$25	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	−0.0114%	1h	0.4374	+0.615%	$657	—	15x	as long as short
Injective GRASS/USDC PERP	+0.0033%	1h	0.4267	−1.840%	$7	$23K	5.5x	as long as short
Bybit GRASSUSDT	+0.0100%	4h	0.4344	−0.067%	$24.3M	$11.2M	25x	as long as short
OKX GRASS-USDT-SWAPshort	+0.0100%	4h	0.4341	−0.138%	$3.2M	$8.6M	20x
Gate GRASS_USDTlong	+0.0100%	4h	0.4347	long leg	$1.2M	$1.3M	50x
Bitget GRASSUSDT	+0.0100%	4h	0.4356	+0.205%	$5.2M	$2.2M	75x	as long as short
Variational Omni GRASS	+0.0100%	4h	0.4451	+2.395%	$2.2M	$1.1M	—	as long as short
KuCoin GRASSUSDTM	+0.0142%	4h	0.4353	+0.138%	$1.5M	$983K	50x	as long as short
BloFin GRASS-USDT	+0.0357%	4h	0.4380	+0.759%	$583K	$271K	20x	as long as short
Binance GRASSUSDT	+0.0360%	4h	0.4352	+0.123%	$10.8M	$17.6M	75x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC GRASS_USDT	+0.0374%	4h	0.4354	+0.161%	$1.5M	$1.5M	100x	as long as short
Extended GRASS-USD	+0.0376%	1h	0.4349	+0.053%	$214K	$823K	10x	as long as short
BingX GRASS-USDT	+0.0376%	4h	0.4354	+0.161%	—	$7.1M	—	as long as short
Hyperliquid GRASS	+0.1199%	1h	0.4356	+0.209%	$16.1M	$2.7M	3x	as long as short
Aster GRASSUSDT	+0.1390%	4h	0.4359	+0.280%	$64K	$131K	10x	as long as short
Kraken Futures PF_GRASSUSD	+0.1468%	1h	0.4371	+0.560%	$161K	$87K	20x	as long as short
Lighter GRASS	+0.2112%	1h	0.4370	+0.524%	$762K	$635K	5x	as long as short