Funding arb · Price arb /

GRASS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0211%/8h= +23.1% APRpaid last 24h +0.066%

Price spread now: Gate against Reya−0.161%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 Gate

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. Gate is 0.161% cheaper against Reya than usual: you would sell low and buy high (spread −0.161% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$16 on $10k: about 2.5 days 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	0.4136	−0.0111	get 0.0014% / 1h	7m 51s	$621	—	15x
Short	Gate GRASS_USDT	0.4129	0.0100	get 0.0050% / 4h	2h 07m	$1.1M	$1.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.161%Rate

Funding earned: $44.37
Price spread: −0.161% → 0.000%: −$16.14
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Gate: 7.5 bp × 2 orders: −$15
Net: $7.23
Costs to cover: 0.210%
Break-even: 5.9 days

Slippage unknown: Reya: no order-book sample; Gate: 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 Gate live order book, 5 min ago	8.50 bp	53.7 bp −$54	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 16 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	0.4136	long leg	$621	—	15x
Injective GRASS/USDC PERP	+0.0033%	1h	0.4267	+3.175%	$7	$23K	5.5x	as long as short
Binance GRASSUSDT	+0.0100%	4h	0.4130	−0.137%	$9.8M	$28.6M	75x	as long as short
Bybit GRASSUSDT	+0.0100%	4h	0.4128	−0.195%	$23.0M	$16.4M	25x	as long as short
OKX GRASS-USDT-SWAP	+0.0100%	4h	0.4127	−0.210%	$3.1M	$14.8M	20x	as long as short
Gate GRASS_USDTshort	+0.0100%	4h	0.4129	−0.161%	$1.1M	$1.6M	50x
MEXC GRASS_USDT	+0.0100%	4h	0.4130	−0.137%	$1.2M	$2.3M	100x	as long as short
Bitget GRASSUSDT	+0.0100%	4h	0.4127	−0.203%	$4.8M	$3.2M	75x	as long as short
BingX GRASS-USDT	+0.0100%	4h	0.4128	−0.186%	—	$7.3M	—	as long as short
Variational Omni GRASS	+0.0100%	4h	0.4108	−0.662%	$2.0M	$1.2M	—	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended GRASS-USD	+0.0104%	1h	0.4125	−0.257%	$205K	$906K	10x	as long as short
KuCoin GRASSUSDTM	+0.0124%	4h	0.4129	−0.161%	$1.2M	$1.6M	50x	as long as short
Aster GRASSUSDT	+0.0417%	4h	0.4136	+0.017%	$63K	$221K	10x	as long as short
Kraken Futures PF_GRASSUSD	+0.0641%	1h	0.4137	+0.021%	$147K	$128K	20x	as long as short
Hyperliquid GRASS	+0.1019%	1h	0.4132	−0.079%	$15.6M	$3.9M	3x	as long as short
Lighter GRASS	+0.1856%	1h	0.4153	+0.419%	$812K	$785K	5x	as long as short