Funding arb · Price arb /

GRASS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bybit against Variational Omni+0.231%7-day average +0.011% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Variational Omni Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)0.000%$0 on $10k

Price spread, last 7 days−0.187%−$19 · spread now +0.231%, 7d avg +0.011%

Together, before fees−0.187%+ Points / potential airdropVariational Omni: Active · farm board−$19 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.219% dearer against Variational Omni than usual: you sell high and buy low, +$22 on $10k if it goes back to its 7-day average of +0.011%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni GRASS	0.4338	0.0100	pay 0.0050% / 4h	3h 08m	$2.2M	$1.3M	—
Short	Bybit GRASSUSDT	0.4348	0.0100	get 0.0050% / 4h	3h 08m	$24.5M	$17.8M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Variational Omni. 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 Variational OmnibpFee BybitbpOrdersPrice spread, now +0.231%Rate

Funding earned: $0
Price spread: +0.231% → +0.011%: $21.91
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: $10.91
Costs to cover: 0.110%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, just now; Bybit: 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 Variational Omni RFQ quote, just now	5.76 bp	doesn't fit	45.0 bp −$450	doesn't fit	doesn't fit
Sell Bybit live order book, 5 min ago	3.46 bp	19.7 bp −$20	49.9 bp −$499	doesn't fit	doesn't fit

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 GRASSRUSDPERP	−0.0109%	1h	0.4342	+0.106%	$652	—	15x	as long as short
Injective GRASS/USDC PERP	+0.0033%	1h	0.4267	−1.630%	$7	$23K	5.5x	as long as short
Binance GRASSUSDT	+0.0100%	4h	0.4351	+0.307%	$10.3M	$31.7M	75x	as long as short
Bybit GRASSUSDTshort	+0.0100%	4h	0.4348	+0.231%	$24.5M	$17.8M	25x
OKX GRASS-USDT-SWAP	+0.0100%	4h	0.4349	+0.261%	$3.4M	$18.0M	20x	as long as short
Gate GRASS_USDT	+0.0100%	4h	0.4346	+0.191%	$1.2M	$1.7M	50x	as long as short
MEXC GRASS_USDT	+0.0100%	4h	0.4352	+0.330%	$1.6M	$2.6M	100x	as long as short
KuCoin GRASSUSDTM	+0.0100%	4h	0.4349	+0.261%	$1.3M	$1.8M	50x	as long as short
Bitget GRASSUSDT	+0.0100%	4h	0.4350	+0.277%	$5.0M	$3.4M	75x	as long as short
BingX GRASS-USDT	+0.0100%	4h	0.4352	+0.330%	—	$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 GRASSlong	+0.0100%	4h	0.4338	long leg	$2.2M	$1.3M	—
Extended GRASS-USD	+0.0104%	1h	0.4351	+0.316%	$218K	$703K	10x	as long as short
BloFin GRASS-USDT	+0.0128%	4h	0.4347	+0.214%	$549K	$335K	20x	as long as short
Hyperliquid GRASS	+0.0321%	1h	0.4357	+0.445%	$16.6M	$4.1M	3x	as long as short
Kraken Futures PF_GRASSUSD	+0.0323%	1h	0.4345	+0.157%	$156K	$143K	20x	as long as short
Aster GRASSUSDT	+0.0415%	4h	0.4349	+0.266%	$59K	$251K	10x	as long as short
Lighter GRASS	+0.1528%	1h	0.4368	+0.687%	$849K	$971K	5x	as long as short