Funding arb · Price arb /

GRASS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0210%/8h= +23.0% APRpaid last 24h +0.066%

Price spread now: OKX against Reya+0.022%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 OKX

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 +$6 a day on $10k at the current rate, and OKX is 0.022% dearer against Reya than usual: you sell high and buy low: +$2 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	0.4257	−0.0110	get 0.0014% / 1h	25m 07s	$640	—	15x
Short	OKX GRASS-USDT-SWAP	0.4258	0.0100	get 0.0050% / 4h	25m 07s	$3.4M	$16.5M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.022%Rate

Funding earned: $44.12
Price spread: +0.022% → 0.000%: $2.25
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee OKX: 5 bp × 2 orders: −$10
Net: $30.37
Costs to cover: 0.160%
Break-even: 2.2 days

Slippage unknown: Reya: no order-book sample; OKX: live order book, 3 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 OKX live order book, 3 min ago	2.35 bp	19.6 bp −$20	57.0 bp −$570	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	0.4257	long leg	$640	—	15x
Injective GRASS/USDC PERP	+0.0033%	1h	0.4267	+0.234%	$7	$23K	5.5x	as long as short
BloFin GRASS-USDT	+0.0069%	4h	0.4261	+0.093%	$546K	$311K	20x	as long as short
Binance GRASSUSDT	+0.0100%	4h	0.4260	+0.072%	$10.1M	$30.3M	75x	as long as short
Bybit GRASSUSDT	+0.0100%	4h	0.4256	−0.024%	$23.9M	$17.2M	25x	as long as short
OKX GRASS-USDT-SWAPshort	+0.0100%	4h	0.4258	+0.022%	$3.4M	$16.5M	20x
Gate GRASS_USDT	+0.0100%	4h	0.4255	−0.048%	$1.2M	$1.6M	50x	as long as short
MEXC GRASS_USDT	+0.0100%	4h	0.4260	+0.069%	$1.4M	$2.5M	100x	as long as short
KuCoin GRASSUSDTM	+0.0100%	4h	0.4257	−0.001%	$1.2M	$1.7M	50x	as long as short
Bitget GRASSUSDT	+0.0100%	4h	0.4255	−0.053%	$5.0M	$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	0.4255	−0.048%	—	$7.3M	—	as long as short
Variational Omni GRASS	+0.0100%	4h	0.4256	−0.031%	$2.1M	$1.3M	—	as long as short
Extended GRASS-USD	+0.0104%	1h	0.4256	−0.021%	$214K	$889K	10x	as long as short
Hyperliquid GRASS	+0.0156%	1h	0.4265	+0.192%	$16.2M	$4.1M	3x	as long as short
Aster GRASSUSDT	+0.0470%	4h	0.4256	−0.021%	$65K	$234K	10x	as long as short
Kraken Futures PF_GRASSUSD	+0.0791%	1h	0.4260	+0.059%	$154K	$134K	20x	as long as short
Lighter GRASS	+0.2208%	1h	0.4278	+0.481%	$914K	$884K	5x	as long as short