Funding arb · Price arb /

GRASS

all GRASS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0208%/8h= +22.8% APRpaid last 24h +0.065%

Price spread now: BingX against Reya−0.008%7-day average — · you buy dearer than you sell

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

Long on Reya Short on BingX

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 · farm boardneeds both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$6 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya GRASSRUSDPERP	0.4364	−0.0108	get 0.0014% / 1h	38m 58s	$656	—	15x
Short	BingX GRASS-USDT	0.4364	0.0100	get 0.0050% / 4h	1h 38m	—	$7.4M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now −0.008%Rate

Funding earned: $43.72
Price spread: −0.008% → 0.000%: −$0.82
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee BingX: 5 bp × 2 orders: −$10
Net: $26.9
Costs to cover: 0.160%
Break-even: 2.7 days

Slippage unknown: Reya: no order-book sample; BingX: live order book, 4 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 BingX live order book, 4 min ago	5.72 bp	18.4 bp −$18	44.5 bp −$445	244.9 bp −$24.5K	526.5 bp −$263.2K

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	−0.0108%	1h	0.4364	long leg	$656	—	15x
Injective GRASS/USDC PERP	+0.0033%	1h	0.4267	−2.231%	$7	$23K	5.5x	as long as short
Binance GRASSUSDT	+0.0100%	4h	0.4370	+0.125%	$10.2M	$35.6M	75x	as long as short
Bybit GRASSUSDT	+0.0100%	4h	0.4365	+0.015%	$24.8M	$19.6M	25x	as long as short
OKX GRASS-USDT-SWAP	+0.0100%	4h	0.4368	+0.083%	$3.4M	$20.3M	20x	as long as short
Gate GRASS_USDT	+0.0100%	4h	0.4362	−0.054%	$1.2M	$1.8M	50x	as long as short
MEXC GRASS_USDT	+0.0100%	4h	0.4368	+0.083%	$1.5M	$2.8M	100x	as long as short
KuCoin GRASSUSDTM	+0.0100%	4h	0.4366	+0.038%	$1.3M	$1.9M	50x	as long as short
Bitget GRASSUSDT	+0.0100%	4h	0.4362	−0.063%	$5.1M	$3.7M	75x	as long as short
BingX GRASS-USDTshort	+0.0100%	4h	0.4364	−0.008%	—	$7.4M	—

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni GRASS	+0.0100%	4h	0.4366	+0.043%	$2.2M	$1.4M	—	as long as short
Extended GRASS-USD	+0.0104%	1h	0.4365	+0.024%	$220K	$727K	10x	as long as short
BloFin GRASS-USDT	+0.0152%	4h	0.4366	+0.038%	$550K	$375K	20x	as long as short
Hyperliquid GRASS	+0.0378%	1h	0.4374	+0.216%	$16.6M	$4.5M	3x	as long as short
Aster GRASSUSDT	+0.0394%	4h	0.4358	−0.149%	$62K	$302K	10x	as long as short
Kraken Futures PF_GRASSUSD	+0.0591%	1h	0.4366	+0.032%	$157K	$152K	20x	as long as short
Lighter GRASS	+0.1336%	1h	0.4385	+0.478%	$846K	$981K	5x	as long as short