Funding arb · Price arb /

GRASS

all GRASS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0213%/8h= +23.3% APRpaid last 24h +0.066%

Price spread now: Variational Omni against Reya+0.139%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 Variational Omni

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 · Variational Omni: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Variational Omni is 0.139% dearer against Reya than usual: you sell high and buy low: +$14 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	0.4135	−0.0113	get 0.0014% / 1h	28m 59s	$621	—	15x
Short	Variational Omni GRASS	0.4141	0.0100	get 0.0050% / 4h	28m 59s	$2.0M	$1.2M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now +0.139%Rate

Funding earned: $44.72
Price spread: +0.139% → 0.000%: $13.88
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $52.6
Costs to cover: 0.060%
Break-even: from the start

Slippage unknown: Reya: no order-book sample; Variational Omni: RFQ quote, 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 Variational Omni RFQ quote, 5 min ago	4.83 bp	doesn't fit	43.5 bp −$435	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	−0.0113%	1h	0.4135	long leg	$621	—	15x
Injective GRASS/USDC PERP	+0.0033%	1h	0.4267	+3.198%	$7	$23K	5.5x	as long as short
Binance GRASSUSDT	+0.0100%	4h	0.4132	−0.077%	$9.8M	$24.2M	75x	as long as short
Bybit GRASSUSDT	+0.0100%	4h	0.4124	−0.261%	$23.1M	$14.2M	25x	as long as short
OKX GRASS-USDT-SWAP	+0.0100%	4h	0.4119	−0.382%	$3.0M	$12.0M	20x	as long as short
Gate GRASS_USDT	+0.0100%	4h	0.4126	−0.212%	$1.1M	$1.5M	50x	as long as short
MEXC GRASS_USDT	+0.0100%	4h	0.4117	−0.430%	$1.1M	$2.1M	100x	as long as short
Bitget GRASSUSDT	+0.0100%	4h	0.4115	−0.481%	$4.8M	$2.8M	75x	as long as short
BingX GRASS-USDT	+0.0100%	4h	0.4127	−0.188%	—	$7.3M	—	as long as short
Variational Omni GRASSshort	+0.0100%	4h	0.4141	+0.139%	$2.0M	$1.2M	—

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended GRASS-USD	+0.0104%	1h	0.4116	−0.455%	$204K	$823K	10x	as long as short
BloFin GRASS-USDT	+0.0146%	4h	0.4129	−0.140%	$532K	$289K	20x	as long as short
Hyperliquid GRASS	+0.0154%	1h	0.4134	−0.009%	$15.4M	$3.6M	3x	as long as short
KuCoin GRASSUSDTM	+0.0164%	4h	0.4130	−0.116%	$1.2M	$1.3M	50x	as long as short
Aster GRASSUSDT	+0.0722%	4h	0.4136	+0.038%	$65K	$206K	10x	as long as short
Kraken Futures PF_GRASSUSD	+0.1414%	1h	0.4128	−0.163%	$147K	$116K	20x	as long as short
Lighter GRASS	+0.2656%	1h	0.4151	+0.390%	$810K	$768K	5x	as long as short