Funding arb · Price arb /

GRASS

all GRASS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0236%/8h= +25.8% APRpaid last 24h +0.071%

Price spread now: BloFin against Reya+0.474%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 BloFin

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

Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and BloFin is 0.474% dearer against Reya than usual: you sell high and buy low: +$47 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	0.4395	−0.0109	get 0.0014% / 1h	36m 46s	$660	—	15x
Short	BloFin GRASS-USDT	0.4416	0.0127	get 0.0064% / 4h	2h 36m	$568K	$367K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.474%Rate

Funding earned: $49.56
Price spread: +0.474% → 0.000%: $47.44
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee BloFin: 6 bp × 2 orders: −$12
Net: $79
Costs to cover: 0.180%
Break-even: from the start

Slippage unknown: Reya: no order-book sample; BloFin: live order book, 54 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 BloFin live order book, 54 min ago	4.71 bp	14.7 bp −$15	28.8 bp −$288	155.8 bp −$15.6K	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	−0.0109%	1h	0.4395	long leg	$660	—	15x
Injective GRASS/USDC PERP	+0.0033%	1h	0.4267	−2.916%	$7	$23K	5.5x	as long as short
Binance GRASSUSDT	+0.0100%	4h	0.4429	+0.770%	$10.5M	$33.8M	75x	as long as short
Bybit GRASSUSDT	+0.0100%	4h	0.4423	+0.627%	$25.1M	$18.9M	25x	as long as short
OKX GRASS-USDT-SWAP	+0.0100%	4h	0.4424	+0.656%	$3.5M	$19.5M	20x	as long as short
Gate GRASS_USDT	+0.0100%	4h	0.4418	+0.520%	$1.3M	$1.7M	50x	as long as short
MEXC GRASS_USDT	+0.0100%	4h	0.4418	+0.520%	$1.5M	$2.7M	100x	as long as short
KuCoin GRASSUSDTM	+0.0100%	4h	0.4419	+0.543%	$1.3M	$1.9M	50x	as long as short
Bitget GRASSUSDT	+0.0100%	4h	0.4427	+0.716%	$5.2M	$3.5M	75x	as long as short
BingX GRASS-USDT	+0.0100%	4h	0.4425	+0.679%	—	$7.3M	—	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni GRASS	+0.0100%	4h	0.4469	+1.687%	$2.3M	$1.3M	—	as long as short
Extended GRASS-USD	+0.0104%	1h	0.4419	+0.538%	$218K	$771K	10x	as long as short
BloFin GRASS-USDTshort	+0.0127%	4h	0.4416	+0.474%	$568K	$367K	20x
Hyperliquid GRASS	+0.0441%	1h	0.4433	+0.866%	$16.9M	$4.3M	3x	as long as short
Aster GRASSUSDT	+0.0470%	4h	0.4412	+0.374%	$59K	$289K	10x	as long as short
Kraken Futures PF_GRASSUSD	+0.1454%	1h	0.4409	+0.321%	$160K	$147K	20x	as long as short
Lighter GRASS	+0.1776%	1h	0.4438	+0.980%	$856K	$979K	5x	as long as short