Funding arb · Price arb /

GRASS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0209%/8h= +22.9% APRpaid last 24h +0.066%

Price spread now: KuCoin against Reya−0.018%49s7-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 KuCoin

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. The two prices were read 49 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya GRASSRUSDPERP	0.4242	−0.0109	get 0.0014% / 1h	29m 40s	$637	—	15x
Short	KuCoin GRASSUSDTM	0.4241	0.0100	get 0.0050% / 4h	3h 29m	$1.2M	$1.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.018%Rate

Funding earned: $43.99
Price spread: −0.018% → 0.000%: −$1.77
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee KuCoin: 6 bp × 2 orders: −$12
Net: $24.22
Costs to cover: 0.180%
Break-even: 3.1 days

Slippage unknown: Reya: no order-book sample; KuCoin: 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 KuCoin live order book, 1 min ago	9.43 bp	32.5 bp −$33	274.5 bp −$2,745	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	−0.0109%	1h	0.4242	long leg	$637	—	15x
Injective GRASS/USDC PERP	+0.0033%	1h	0.4267	+0.595%	$7	$23K	5.5x	as long as short
Binance GRASSUSDT	+0.0100%	4h	0.4242	+0.012%	$10.0M	$31.2M	75x	as long as short
Bybit GRASSUSDT	+0.0100%	4h	0.4239	−0.065%	$23.8M	$17.5M	25x	as long as short
OKX GRASS-USDT-SWAP	+0.0100%	4h	0.4238	−0.088%	$3.3M	$17.0M	20x	as long as short
Gate GRASS_USDT	+0.0100%	4h	0.4235	−0.159%	$1.2M	$1.7M	50x	as long as short
MEXC GRASS_USDT	+0.0100%	4h	0.4240	−0.041%	$1.5M	$2.5M	100x	as long as short
KuCoin GRASSUSDTMshort	+0.0100%	4h	0.4241	−0.018%	$1.2M	$1.8M	50x
Bitget GRASSUSDT	+0.0100%	4h	0.4239	−0.070%	$4.9M	$3.3M	75x	as long as short
BingX GRASS-USDT	+0.0100%	4h	0.4236	−0.136%	—	$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	0.4250	+0.189%	$2.1M	$1.3M	—	as long as short
Extended GRASS-USD	+0.0104%	1h	0.4237	−0.106%	$213K	$890K	10x	as long as short
BloFin GRASS-USDT	+0.0155%	4h	0.4256	+0.336%	$545K	$326K	20x	as long as short
Kraken Futures PF_GRASSUSD	+0.0331%	1h	0.4242	+0.004%	$153K	$142K	20x	as long as short
Hyperliquid GRASS	+0.0338%	1h	0.4244	+0.046%	$16.1M	$4.1M	3x	as long as short
Aster GRASSUSDT	+0.0367%	4h	0.4246	+0.095%	$57K	$245K	10x	as long as short
Lighter GRASS	+0.1272%	1h	0.4258	+0.385%	$828K	$971K	5x	as long as short