Funding arb · Price arb /

GRASS

all GRASS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0210%/8h= +22.9% APRpaid last 24h +0.065%

Price spread now: Bybit against Reya−0.030%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 Bybit

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

Funding pays, the price is against you. Bybit is 0.030% cheaper against Reya than usual: you would sell low and buy high (spread −0.030% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 12 hours of funding at the current rate (+$6 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya GRASSRUSDPERP	0.4250	−0.0110	get 0.0014% / 1h	32m 08s	$639	—	15x
Short	Bybit GRASSUSDT	0.4249	0.0100	get 0.0050% / 4h	3h 32m	$23.9M	$17.5M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.030%Rate

Funding earned: $44
Price spread: −0.030% → 0.000%: −$3.04
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: $23.95
Costs to cover: 0.170%
Break-even: 3.2 days

Slippage unknown: Reya: no order-book sample; Bybit: live order book, 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 Reya no order-book sample	—	—	—	—	—
Sell Bybit live order book, 1 min ago	1.18 bp	19.6 bp −$20	37.1 bp −$371	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	−0.0110%	1h	0.4250	long leg	$639	—	15x
Injective GRASS/USDC PERP	+0.0033%	1h	0.4267	+0.393%	$7	$23K	5.5x	as long as short
BloFin GRASS-USDT	+0.0056%	4h	0.4250	−0.007%	$544K	$325K	20x	as long as short
Binance GRASSUSDT	+0.0100%	4h	0.4254	+0.087%	$10.0M	$31.2M	75x	as long as short
Bybit GRASSUSDTshort	+0.0100%	4h	0.4249	−0.030%	$23.9M	$17.5M	25x
OKX GRASS-USDT-SWAP	+0.0100%	4h	0.4256	+0.134%	$3.4M	$17.1M	20x	as long as short
Gate GRASS_USDT	+0.0100%	4h	0.4246	−0.101%	$1.2M	$1.7M	50x	as long as short
MEXC GRASS_USDT	+0.0100%	4h	0.4254	+0.087%	$1.5M	$2.5M	100x	as long as short
KuCoin GRASSUSDTM	+0.0100%	4h	0.4250	−0.007%	$1.2M	$1.8M	50x	as long as short
Bitget GRASSUSDT	+0.0100%	4h	0.4247	−0.087%	$4.9M	$3.3M	75x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX GRASS-USDT	+0.0100%	4h	0.4250	−0.007%	—	$7.3M	—	as long as short
Variational Omni GRASS	+0.0100%	4h	0.4245	−0.130%	$2.1M	$1.3M	—	as long as short
Extended GRASS-USD	+0.0104%	1h	0.4250	+0.005%	$213K	$890K	10x	as long as short
Kraken Futures PF_GRASSUSD	+0.0330%	1h	0.4254	+0.084%	$153K	$142K	20x	as long as short
Hyperliquid GRASS	+0.0341%	1h	0.4259	+0.193%	$16.2M	$4.1M	3x	as long as short
Aster GRASSUSDT	+0.0370%	4h	0.4253	+0.064%	$56K	$245K	10x	as long as short
Lighter GRASS	+0.1288%	1h	0.4268	+0.412%	$830K	$971K	5x	as long as short