Funding arb · Price arb /

GRASS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.1315%/8h= +144.0% APRpaid last 24h +0.224%

Price spread now: Aster against Reya+0.026%7-day average — · you sell dearer than you buy

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

Long on Reya Short on Aster

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 airdropReya: Active · Aster: Stage 5 · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$39 a day on $10k at the current rate, and Aster is 0.026% dearer against Reya than usual: you sell high and buy low: +$3 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya GRASSRUSDPERP	0.4236	−0.0114	get 0.0014% / 1h	44m 02s	$637	—	15x
Short	Aster GRASSUSDT	0.4237	0.1201	get 0.0600% / 4h	1h 44m	$62K	$160K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Reya. 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 ReyabpFee AsterbpOrdersPrice spread, now +0.026%Rate

Funding earned: $276.08
Price spread: +0.026% → 0.000%: $2.56
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Aster: 4 bp × 2 orders: −$8
Net: $264.64
Costs to cover: 0.140%
Break-even: 0.3 days

Slippage unknown: Reya: no order-book sample; Aster: live order book, 14 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 Reya no order-book sample	—	—	—	—	—
Sell Aster live order book, 14 min ago	7.84 bp	23.4 bp −$23	doesn't fit	doesn't fit	doesn't fit

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 GRASSRUSDPERPlong	−0.0114%	1h	0.4236	long leg	$637	—	15x
Injective GRASS/USDC PERP	+0.0033%	1h	0.4267	+0.728%	$7	$23K	5.5x	as long as short
Bybit GRASSUSDT	+0.0100%	4h	0.4231	−0.122%	$23.9M	$12.2M	25x	as long as short
OKX GRASS-USDT-SWAP	+0.0100%	4h	0.4234	−0.051%	$3.0M	$9.4M	20x	as long as short
Gate GRASS_USDT	+0.0100%	4h	0.4230	−0.146%	$1.1M	$1.4M	50x	as long as short
Bitget GRASSUSDT	+0.0100%	4h	0.4232	−0.105%	$5.0M	$2.4M	75x	as long as short
Variational Omni GRASS	+0.0100%	4h	0.4234	−0.049%	$2.0M	$1.1M	—	as long as short
KuCoin GRASSUSDTM	+0.0134%	4h	0.4236	−0.004%	$1.5M	$1.1M	50x	as long as short
BloFin GRASS-USDT	+0.0254%	4h	0.4241	+0.114%	$574K	$273K	20x	as long as short
Binance GRASSUSDT	+0.0277%	4h	0.4240	+0.091%	$10.2M	$19.5M	75x	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	+0.0280%	1h	0.4233	−0.075%	$209K	$823K	10x	as long as short
MEXC GRASS_USDT	+0.0282%	4h	0.4237	+0.020%	$1.3M	$1.6M	100x	as long as short
BingX GRASS-USDT	+0.0314%	4h	0.4237	+0.020%	—	$7.2M	—	as long as short
Hyperliquid GRASS	+0.0688%	1h	0.4241	+0.105%	$15.7M	$3.0M	3x	as long as short
Aster GRASSUSDTshort	+0.1201%	4h	0.4237	+0.026%	$62K	$160K	10x
Lighter GRASS	+0.1456%	1h	0.4256	+0.473%	$744K	$640K	5x	as long as short
Kraken Futures PF_GRASSUSD	+0.1513%	1h	0.4241	+0.108%	$154K	$98K	20x	as long as short