Funding arb · Price arb /

GRASS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bybit against OKX−0.029%7-day average −0.090% · you buy dearer than you sell

Net, funding: paid 7d − costs−$82as in the Funding arb table

Net, price: spread back to 7d avg − costs−$69as in the Price arb table

costs, in and out, $10k−$750.753% of the position

Long on OKX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.064%−$6 on $10k

Price spread, last 7 days−0.012%−$1 · spread now −0.029%, 7d avg −0.090%

Together, before fees−0.076%−$8 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: Bybit is 0.061% dearer against OKX than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of −0.090%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX GRASS-USDT-SWAP	0.4479	0.0100	pay 0.0050% / 4h	2h 42m	$3.5M	$19.5M	20x
Short	Bybit GRASSUSDT	0.4478	0.0100	get 0.0050% / 4h	2h 42m	$25.5M	$18.7M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.029%Rate

Funding earned: $0
Price spread: −0.029% → −0.090%: $6.09
Slippage, 4 orders: −$54.29
Fee OKX: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$69.2
Costs to cover: 0.753%
Break-even: never at this rate

Slippage from OKX: live order book, 1 min ago; Bybit: live order book, 1 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, 1 min ago	3.37 bp	22.1 bp −$22	62.2 bp −$622	doesn't fit	doesn't fit
Sell Bybit live order book, 1 min ago	1.12 bp	20.8 bp −$21	50.8 bp −$508	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	−0.0109%	1h	0.4452	−0.600%	$669	—	15x	as long as short
Injective GRASS/USDC PERP	+0.0033%	1h	0.4267	−4.733%	$7	$23K	5.5x	as long as short
Binance GRASSUSDT	+0.0100%	4h	0.4473	−0.144%	$10.6M	$33.3M	75x	as long as short
Bybit GRASSUSDTshort	+0.0100%	4h	0.4478	−0.029%	$25.5M	$18.7M	25x
OKX GRASS-USDT-SWAPlong	+0.0100%	4h	0.4479	long leg	$3.5M	$19.5M	20x
Gate GRASS_USDT	+0.0100%	4h	0.4471	−0.179%	$1.3M	$1.7M	50x	as long as short
MEXC GRASS_USDT	+0.0100%	4h	0.4464	−0.335%	$1.7M	$2.7M	100x	as long as short
KuCoin GRASSUSDTM	+0.0100%	4h	0.4452	−0.603%	$1.3M	$1.9M	50x	as long as short
Bitget GRASSUSDT	+0.0100%	4h	0.4461	−0.391%	$5.3M	$3.5M	75x	as long as short
BingX GRASS-USDT	+0.0100%	4h	0.4480	+0.022%	—	$7.3M	—	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni GRASS	+0.0100%	4h	0.4411	−1.524%	$2.2M	$1.3M	—	as long as short
Extended GRASS-USD	+0.0104%	1h	0.4463	−0.368%	$221K	$770K	10x	as long as short
BloFin GRASS-USDT	+0.0145%	4h	0.4471	−0.179%	$573K	$358K	20x	as long as short
Hyperliquid GRASS	+0.0410%	1h	0.4465	−0.317%	$17.0M	$4.3M	3x	as long as short
Aster GRASSUSDT	+0.0489%	4h	0.4473	−0.136%	$60K	$282K	10x	as long as short
Kraken Futures PF_GRASSUSD	+0.1440%	1h	0.4454	−0.568%	$162K	$147K	20x	as long as short
Lighter GRASS	+0.1760%	1h	0.4476	−0.078%	$870K	$966K	5x	as long as short