Funding arb · Price arb /

GRASS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0211%/8h= +23.1% APRpaid last 24h +0.066%

Price spread now: Bitget against Reya+0.020%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 Bitget

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	0.4177	−0.0111	get 0.0014% / 1h	43m 05s	$628	—	15x
Short	Bitget GRASSUSDT	0.4178	0.0100	get 0.0050% / 4h	1h 43m	$4.8M	$3.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.020%Rate

Funding earned: $44.31
Price spread: +0.020% → 0.000%: $1.96
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Bitget: 6 bp × 2 orders: −$12
Net: $28.27
Costs to cover: 0.180%
Break-even: 2.5 days

Slippage unknown: Reya: no order-book sample; Bitget: live order book, 5 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 Bitget live order book, 5 min ago	6.89 bp	28.7 bp −$29	83.4 bp −$834	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	−0.0111%	1h	0.4177	long leg	$628	—	15x
Kraken Futures PF_GRASSUSD	+0.0004%	1h	0.4185	+0.197%	$149K	$128K	20x	as long as short
Injective GRASS/USDC PERP	+0.0033%	1h	0.4267	+2.153%	$7	$23K	5.5x	as long as short
Binance GRASSUSDT	+0.0100%	4h	0.4185	+0.190%	$10.0M	$28.8M	75x	as long as short
Bybit GRASSUSDT	+0.0100%	4h	0.4177	+0.005%	$23.3M	$16.5M	25x	as long as short
OKX GRASS-USDT-SWAP	+0.0100%	4h	0.4181	+0.094%	$3.2M	$15.1M	20x	as long as short
Gate GRASS_USDT	+0.0100%	4h	0.4181	+0.094%	$1.1M	$1.5M	50x	as long as short
MEXC GRASS_USDT	+0.0100%	4h	0.4187	+0.237%	$1.2M	$2.3M	100x	as long as short
KuCoin GRASSUSDTM	+0.0100%	4h	0.4182	+0.118%	$1.3M	$1.6M	50x	as long as short
Bitget GRASSUSDTshort	+0.0100%	4h	0.4178	+0.020%	$4.8M	$3.2M	75x

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX GRASS-USDT	+0.0100%	4h	0.4182	+0.118%	—	$7.3M	—	as long as short
Variational Omni GRASS	+0.0100%	4h	0.4148	−0.702%	$2.1M	$1.2M	—	as long as short
Extended GRASS-USD	+0.0104%	1h	0.4179	+0.055%	$207K	$908K	10x	as long as short
BloFin GRASS-USDT	+0.0139%	4h	0.4185	+0.190%	$532K	$299K	20x	as long as short
Aster GRASSUSDT	+0.0497%	4h	0.4180	+0.065%	$64K	$224K	10x	as long as short
Hyperliquid GRASS	+0.1048%	1h	0.4194	+0.407%	$15.8M	$3.9M	3x	as long as short
Lighter GRASS	+0.1912%	1h	0.4203	+0.613%	$821K	$786K	5x	as long as short