Funding arb · Price arb /

GRASS

all GRASS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0212%/8h= −23.3% APRpaid last 24h −0.066%

Price spread now: Reya against Gate−0.118%7-day average — · you buy dearer than you sell

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

Long on Gate Short on Reya

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropReya: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Reya is 0.118% cheaper against Gate than usual: you would sell low and buy high (−$12 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate GRASS_USDT	0.4124	0.0100	pay 0.0050% / 4h	3h 41m	$1.1M	$1.5M	50x
Short	Reya GRASSRUSDPERP	0.4119	−0.0112	pay 0.0014% / 1h	41m 59s	$619	—	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya 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 ReyabpOrdersPrice spread, now −0.118%Rate

Funding earned: −$44.6
Price spread: −0.118% → 0.000%: −$11.76
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Reya: 3 bp × 2 orders: −$6
Net: −$77.36
Costs to cover: 0.210%
Break-even: never at this rate

Slippage unknown: Gate: live order book, just now; Reya: no order-book sample. 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 Gate live order book, just now	8.48 bp	52.9 bp −$53	doesn't fit	doesn't fit	doesn't fit
Sell Reya no order-book sample	—	—	—	—	—

Reya: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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 GRASSRUSDPERPshort	−0.0112%	1h	0.4119	−0.118%	$619	—	15x
Injective GRASS/USDC PERP	+0.0033%	1h	0.4267	+3.468%	$7	$23K	5.5x	as long as short
Binance GRASSUSDT	+0.0100%	4h	0.4135	+0.265%	$9.8M	$26.5M	75x	as long as short
Bybit GRASSUSDT	+0.0100%	4h	0.4135	+0.272%	$23.5M	$15.3M	25x	as long as short
OKX GRASS-USDT-SWAP	+0.0100%	4h	0.4138	+0.339%	$3.0M	$13.3M	20x	as long as short
Gate GRASS_USDTlong	+0.0100%	4h	0.4124	long leg	$1.1M	$1.5M	50x
MEXC GRASS_USDT	+0.0100%	4h	0.4141	+0.412%	$1.2M	$2.2M	100x	as long as short
Bitget GRASSUSDT	+0.0100%	4h	0.4134	+0.255%	$4.8M	$3.0M	75x	as long as short
BingX GRASS-USDT	+0.0100%	4h	0.4137	+0.315%	—	$7.3M	—	as long as short
Variational Omni GRASS	+0.0100%	4h	0.4185	+1.476%	$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-USD	+0.0104%	1h	0.4137	+0.324%	$205K	$1.0M	10x	as long as short
KuCoin GRASSUSDTM	+0.0108%	4h	0.4136	+0.291%	$1.3M	$1.4M	50x	as long as short
BloFin GRASS-USDT	+0.0147%	4h	0.4147	+0.558%	$522K	$298K	20x	as long as short
Kraken Futures PF_GRASSUSD	+0.0283%	1h	0.4131	+0.171%	$147K	$127K	20x	as long as short
Hyperliquid GRASS	+0.0527%	1h	0.4143	+0.456%	$15.4M	$3.7M	3x	as long as short
Aster GRASSUSDT	+0.0543%	4h	0.4127	+0.065%	$65K	$214K	10x	as long as short
Lighter GRASS	+0.1912%	1h	0.4149	+0.611%	$810K	$780K	5x	as long as short