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: Bitget against OKX−0.082%7-day average −0.050% · you buy dearer than you sell

Net, funding: paid 7d − costs−$111as in the Funding arb table

Net, price: spread back to 7d avg − costs−$115as in the Price arb table

costs, in and out, $10k−$1121.115% of the position

Long on OKX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.008%+$1 on $10k

Price spread, last 7 days+0.095%+$10 · spread now −0.082%, 7d avg −0.050%

Together, before fees+0.103%+$10 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: Bitget is 0.032% cheaper against OKX than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.050%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX GRASS-USDT-SWAP	0.4152	0.0100	pay 0.0050% / 4h	34m 44s	$3.0M	$12.0M	20x
Short	Bitget GRASSUSDT	0.4149	0.0100	get 0.0050% / 4h	34m 44s	$4.8M	$2.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against OKX. 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 OKXbpFee BitgetbpOrdersPrice spread, now −0.082%Rate

Funding earned: $0
Price spread: −0.082% → −0.050%: −$3.2
Slippage, 4 orders: −$89.54
Fee OKX: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$114.73
Costs to cover: 1.115%
Break-even: never at this rate

Slippage from OKX: live order book, 3 min ago; Bitget: 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 OKX live order book, 3 min ago	3.60 bp	25.1 bp −$25	66.2 bp −$662	doesn't fit	doesn't fit
Sell Bitget live order book, 3 min ago	4.56 bp	31.8 bp −$32	192.6 bp −$1,926	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	−0.0113%	1h	0.4154	+0.037%	$624	—	15x	as long as short
Injective GRASS/USDC PERP	+0.0033%	1h	0.4267	+2.770%	$7	$23K	5.5x	as long as short
BloFin GRASS-USDT	+0.0091%	4h	0.4156	+0.096%	$540K	$291K	20x	as long as short
Hyperliquid GRASS	+0.0100%	1h	0.4160	+0.195%	$15.5M	$3.6M	3x	as long as short
Binance GRASSUSDT	+0.0100%	4h	0.4156	+0.086%	$9.8M	$24.0M	75x	as long as short
Bybit GRASSUSDT	+0.0100%	4h	0.4148	−0.084%	$23.2M	$14.1M	25x	as long as short
OKX GRASS-USDT-SWAPlong	+0.0100%	4h	0.4152	long leg	$3.0M	$12.0M	20x
Gate GRASS_USDT	+0.0100%	4h	0.4151	−0.024%	$1.1M	$1.5M	50x	as long as short
MEXC GRASS_USDT	+0.0100%	4h	0.4156	+0.096%	$1.1M	$2.1M	100x	as long as short
Bitget GRASSUSDTshort	+0.0100%	4h	0.4149	−0.082%	$4.8M	$2.8M	75x

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX GRASS-USDT	+0.0100%	4h	0.4154	+0.048%	—	$7.3M	—	as long as short
Variational Omni GRASS	+0.0100%	4h	0.4162	+0.241%	$2.0M	$1.2M	—	as long as short
Extended GRASS-USD	+0.0104%	1h	0.4154	+0.049%	$205K	$823K	10x	as long as short
KuCoin GRASSUSDTM	+0.0170%	4h	0.4153	+0.024%	$1.2M	$1.3M	50x	as long as short
Aster GRASSUSDT	+0.0750%	4h	0.4152	−0.009%	$66K	$204K	10x	as long as short
Kraken Futures PF_GRASSUSD	+0.1403%	1h	0.4159	+0.170%	$148K	$116K	20x	as long as short
Lighter GRASS	+0.2688%	1h	0.4174	+0.527%	$815K	$768K	5x	as long as short