Funding arb · Price arb /

GRASS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.008%

Price spread now: Extended against OKX−0.140%7-day average −0.083% · you buy dearer than you sell

Net, funding: paid 7d − costs−$65as in the Funding arb table

Net, price: spread back to 7d avg − costs−$73as in the Price arb table

costs, in and out, $10k−$670.673% of the position

Long on OKX Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.023%+$2 on $10k

Price spread, last 4 days (all we have)+0.054%+$5 · spread now −0.140%, 7d avg −0.083%

Together, before fees+0.077%+ Points / potential airdropExtended: Active · farm board+$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: Extended is 0.057% cheaper against OKX than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of −0.083%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX GRASS-USDT-SWAP	0.4264	0.0100	pay 0.0050% / 4h	1h 16m	$3.2M	$15.8M	20x
Short	Extended GRASS-USD	0.4258	0.0104	get 0.0013% / 1h	16m 29s	$211K	$904K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.140%Rate

Funding earned: $0.84
Price spread: −0.140% → −0.083%: −$5.69
Slippage, 4 orders: −$52.28
Fee OKX: 5 bp × 2 orders: −$10
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$72.13
Costs to cover: 0.673%
Break-even: 608.1 days

Slippage from OKX: live order book, 2 min ago; Extended: live order book, 47 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, 2 min ago	3.52 bp	19.4 bp −$19	55.0 bp −$550	doesn't fit	doesn't fit
Sell Extended live order book, 47 min ago	3.64 bp	14.6 bp −$15	69.2 bp −$692	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	−0.0111%	1h	0.4260	−0.094%	$640	—	15x	as long as short
Kraken Futures PF_GRASSUSD	+0.0004%	1h	0.4257	−0.163%	$152K	$130K	20x	as long as short
Injective GRASS/USDC PERP	+0.0033%	1h	0.4267	+0.070%	$7	$23K	5.5x	as long as short
BloFin GRASS-USDT	+0.0071%	4h	0.4267	+0.070%	$422K	$308K	20x	as long as short
Binance GRASSUSDT	+0.0100%	4h	0.4266	+0.047%	$10.2M	$29.4M	75x	as long as short
Bybit GRASSUSDT	+0.0100%	4h	0.4258	−0.136%	$23.8M	$16.8M	25x	as long as short
OKX GRASS-USDT-SWAPlong	+0.0100%	4h	0.4264	long leg	$3.2M	$15.8M	20x
Gate GRASS_USDT	+0.0100%	4h	0.4258	−0.141%	$1.2M	$1.6M	50x	as long as short
MEXC GRASS_USDT	+0.0100%	4h	0.4263	−0.023%	$1.2M	$2.4M	100x	as long as short
KuCoin GRASSUSDTM	+0.0100%	4h	0.4261	−0.070%	$1.3M	$1.7M	50x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget GRASSUSDT	+0.0100%	4h	0.4260	−0.101%	$4.9M	$3.2M	75x	as long as short
BingX GRASS-USDT	+0.0100%	4h	0.4259	−0.117%	—	$7.3M	—	as long as short
Variational Omni GRASS	+0.0100%	4h	0.4273	+0.216%	$2.1M	$1.2M	—	as long as short
Extended GRASS-USDshort	+0.0104%	1h	0.4258	−0.140%	$211K	$904K	10x
Aster GRASSUSDT	+0.0570%	4h	0.4261	−0.071%	$66K	$226K	10x	as long as short
Hyperliquid GRASS	+0.0892%	1h	0.4268	+0.098%	$16.1M	$3.9M	3x	as long as short
Lighter GRASS	+0.1936%	1h	0.4282	+0.417%	$838K	$789K	5x	as long as short