GRASS

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.1991%/8h= −218.0% APRnext payment −$2.49 per $10,000 · paid last 24h −0.349%

Price spread now: Reya against Lighter−0.431%7-day average — · you buy dearer than you sell

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

Long on Lighter 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 airdropLighter: Season 3 · Reya: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$60 a day on $10k at the current rate, and Reya is 0.431% cheaper against Lighter than usual: you would sell low and buy high (−$43 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	Lighter GRASS	0.4236	0.1880	pay 0.0235% / 1h	39m 19s	$828K	$786K	5x
Short	Reya GRASSRUSDPERP	0.4218	−0.0111	pay 0.0014% / 1h	39m 19s	$634	—	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against Lighter. 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 LighterbpFee ReyabpOrdersPrice spread, now −0.431%Rate

Funding earned: −$418.1
Price spread: −0.431% → 0.000%: −$43.13
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Reya: 3 bp × 2 orders: −$6
Net: −$467.23
Costs to cover: 0.060%
Break-even: never at this rate

Slippage unknown: Lighter: live order book, 21 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 Lighter live order book, 21 min ago	43.13 bp	122.8 bp −$123	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	−0.0111%	1h	0.4218	−0.431%	$634	—	15x
Kraken Futures PF_GRASSUSD	+0.0004%	1h	0.4217	−0.444%	$151K	$130K	20x	as long as short
Injective GRASS/USDC PERP	+0.0033%	1h	0.4267	+0.737%	$7	$23K	5.5x	as long as short
Binance GRASSUSDT	+0.0100%	4h	0.4223	−0.293%	$10.1M	$28.9M	75x	as long as short
Bybit GRASSUSDT	+0.0100%	4h	0.4218	−0.420%	$23.5M	$16.6M	25x	as long as short
OKX GRASS-USDT-SWAP	+0.0100%	4h	0.4220	−0.373%	$3.2M	$15.3M	20x	as long as short
Gate GRASS_USDT	+0.0100%	4h	0.4216	−0.467%	$1.1M	$1.5M	50x	as long as short
MEXC GRASS_USDT	+0.0100%	4h	0.4221	−0.349%	$1.2M	$2.3M	100x	as long as short
KuCoin GRASSUSDTM	+0.0100%	4h	0.4216	−0.467%	$1.3M	$1.6M	50x	as long as short
Bitget GRASSUSDT	+0.0100%	4h	0.4214	−0.515%	$4.9M	$3.2M	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	−0.467%	—	$7.3M	—	as long as short
Variational Omni GRASS	+0.0100%	4h	0.4207	−0.676%	$2.1M	$1.2M	—	as long as short
Extended GRASS-USD	+0.0104%	1h	0.4215	−0.497%	$209K	$908K	10x	as long as short
BloFin GRASS-USDT	+0.0136%	4h	0.4223	−0.302%	$536K	$302K	20x	as long as short
Aster GRASSUSDT	+0.0518%	4h	0.4215	−0.491%	$65K	$225K	10x	as long as short
Hyperliquid GRASS	+0.1056%	1h	0.4226	−0.222%	$15.9M	$3.9M	3x	as long as short
Lighter GRASSlong	+0.1880%	1h	0.4236	long leg	$828K	$786K	5x