Funding arb · Price arb /

GRASS

all GRASS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0210%/8h= −23.0% APRpaid last 24h −0.067%

Price spread now: Reya against KuCoin+0.215%7-day average — · you sell dearer than you buy

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

Long on KuCoin 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

The price spread pays, funding is against you. Reya is 0.215% dearer against KuCoin than usual: you sell high and buy low (spread +0.215% now, against zero (this spread has no 7-day history yet)): +$21 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 3.4 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin GRASSUSDTM	0.4213	0.0100	pay 0.0050% / 4h	42m 50s	$1.2M	$1.7M	50x
Short	Reya GRASSRUSDPERP	0.4222	−0.0110	pay 0.0014% / 1h	42m 50s	$634	—	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against KuCoin. 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 KuCoinbpFee ReyabpOrdersPrice spread, now +0.215%Rate

Funding earned: −$44.17
Price spread: +0.215% → 0.000%: $21.5
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Reya: 3 bp × 2 orders: −$6
Net: −$40.67
Costs to cover: 0.180%
Break-even: from the start

Slippage unknown: KuCoin: live order book, 3 min ago; 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 KuCoin live order book, 3 min ago	7.08 bp	27.1 bp −$27	382.4 bp −$3,824	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	−0.0110%	1h	0.4222	+0.215%	$634	—	15x
Injective GRASS/USDC PERP	+0.0033%	1h	0.4267	+1.282%	$7	$23K	5.5x	as long as short
Hyperliquid GRASS	+0.0100%	1h	0.4226	+0.299%	$16.0M	$4.0M	3x	as long as short
Binance GRASSUSDT	+0.0100%	4h	0.4225	+0.281%	$10.1M	$30.1M	75x	as long as short
Bybit GRASSUSDT	+0.0100%	4h	0.4230	+0.401%	$23.7M	$17.2M	25x	as long as short
OKX GRASS-USDT-SWAP	+0.0100%	4h	0.4218	+0.119%	$3.3M	$16.2M	20x	as long as short
Gate GRASS_USDT	+0.0100%	4h	0.4213	0.000%	$1.2M	$1.6M	50x	as long as short
MEXC GRASS_USDT	+0.0100%	4h	0.4217	+0.095%	$1.3M	$2.4M	100x	as long as short
KuCoin GRASSUSDTMlong	+0.0100%	4h	0.4213	long leg	$1.2M	$1.7M	50x
Bitget GRASSUSDT	+0.0100%	4h	0.4215	+0.055%	$4.9M	$3.3M	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	0.4216	+0.071%	—	$7.3M	—	as long as short
Variational Omni GRASS	+0.0100%	4h	0.4236	+0.539%	$2.1M	$1.3M	—	as long as short
Extended GRASS-USD	+0.0104%	1h	0.4217	+0.093%	$209K	$898K	10x	as long as short
BloFin GRASS-USDT	+0.0152%	4h	0.4219	+0.142%	$423K	$307K	20x	as long as short
Aster GRASSUSDT	+0.0502%	4h	0.4221	+0.190%	$66K	$233K	10x	as long as short
Kraken Futures PF_GRASSUSD	+0.0798%	1h	0.4222	+0.214%	$152K	$132K	20x	as long as short
Lighter GRASS	+0.2264%	1h	0.4240	+0.631%	$906K	$882K	5x	as long as short