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: Variational Omni against OKX−0.877%7-day average −0.096% · you buy dearer than you sell

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

Long on OKX Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)0.000%$0 on $10k

Price spread, last 7 days+0.819%+$82 · spread now −0.877%, 7d avg −0.096%

Together, before fees+0.819%+ Points / potential airdropVariational Omni: Active · farm board+$82 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: Variational Omni is 0.781% cheaper against OKX than usual: you would sell low and buy high, −$78 on $10k if it goes back to its 7-day average of −0.096%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX GRASS-USDT-SWAP	0.4326	0.0100	pay 0.0050% / 4h	2h 58m	$3.1M	$5.0M	20x
Short	Variational Omni GRASS	0.4288	0.0100	get 0.0050% / 4h	2h 58m	$1.4M	$317K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now −0.877%Rate

Funding earned: $0
Price spread: −0.877% → −0.096%: −$78.08
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$88.08
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: OKX: live order book, 4 min ago; Variational Omni: RFQ quote, 1 min ago. 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 OKX live order book, 4 min ago	2.34 bp	20.0 bp −$20	69.8 bp −$698	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 1 min ago	5.78 bp	doesn't fit	38.2 bp −$382	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	−0.0115%	1h	0.4329	+0.078%	$651	—	15x	as long as short
Bybit GRASSUSDT	+0.0100%	4h	0.4325	−0.014%	$24.0M	$8.4M	25x	as long as short
OKX GRASS-USDT-SWAPlong	+0.0100%	4h	0.4326	long leg	$3.1M	$5.0M	20x
Gate GRASS_USDT	+0.0100%	4h	0.4319	−0.162%	$1.2M	$880K	50x	as long as short
KuCoin GRASSUSDTM	+0.0100%	4h	0.4328	+0.046%	$1.5M	$844K	50x	as long as short
Bitget GRASSUSDT	+0.0100%	4h	0.4329	+0.058%	$5.0M	$1.7M	75x	as long as short
Variational Omni GRASSshort	+0.0100%	4h	0.4288	−0.877%	$1.4M	$317K	—
BloFin GRASS-USDT	+0.0250%	4h	0.4317	−0.208%	$546K	$245K	20x	as long as short
Hyperliquid GRASS	+0.0292%	1h	0.4336	+0.229%	$16.2M	$2.1M	3x	as long as short
MEXC GRASS_USDT	+0.0302%	4h	0.4333	+0.162%	$1.4M	$837K	100x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended GRASS-USD	+0.0304%	1h	0.4314	−0.283%	$213K	$817K	10x	as long as short
Binance GRASSUSDT	+0.0309%	4h	0.4330	+0.096%	$10.4M	$11.1M	75x	as long as short
BingX GRASS-USDT	+0.0318%	4h	0.4320	−0.139%	—	$7.0M	—	as long as short
Lighter GRASS	+0.0976%	1h	0.4341	+0.358%	$691K	$493K	5x	as long as short
Aster GRASSUSDT	+0.1502%	4h	0.4329	+0.068%	$67K	$104K	10x	as long as short
Kraken Futures PF_GRASSUSD	+0.1559%	1h	0.4320	−0.146%	$163K	$59K	20x	as long as short
Injective GRASS/USDC PERP	+0.5000%	1h	0.4267	−1.364%	$7	$23K	5.5x	as long as short