Funding arb · Price arb /

GRASS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.008%

Price spread now: Extended against Variational Omni+1.277%7-day average +0.044% · you sell dearer than you buy

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

Long on Variational Omni Short on Extended

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.013%+$1 on $10k

Price spread, last 4 days (all we have)−1.094%−$109 · spread now +1.277%, 7d avg +0.044%

Together, before fees−1.082%+ Points / potential airdropVariational Omni: Active · Extended: Active · farm board−$108 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: Extended is 1.233% dearer against Variational Omni than usual: you sell high and buy low, +$123 on $10k if it goes back to its 7-day average of +0.044%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni GRASS	0.4411	0.0100	pay 0.0050% / 4h	2h 44m	$2.2M	$1.3M	—
Short	Extended GRASS-USD	0.4467	0.0104	get 0.0013% / 1h	44m 06s	$221K	$770K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against Variational Omni. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 ExtendedbpOrdersPrice spread, now +1.277%Rate

Funding earned: $0.84
Price spread: +1.277% → +0.044%: $123.31
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Extended: 2.5 bp × 2 orders: −$5
Net: $119.15
Costs to cover: 0.050%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 5 min ago; Extended: live order book, 4 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, 5 min ago	6.72 bp	doesn't fit	47.0 bp −$470	doesn't fit	doesn't fit
Sell Extended live order book, 4 min ago	3.38 bp	14.0 bp −$14	77.6 bp −$776	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	0.4466	+1.261%	$671	—	15x	as long as short
Injective GRASS/USDC PERP	+0.0033%	1h	0.4267	−3.259%	$7	$23K	5.5x	as long as short
BloFin GRASS-USDT	+0.0095%	4h	0.4441	+0.686%	$570K	$354K	20x	as long as short
Binance GRASSUSDT	+0.0100%	4h	0.4474	+1.434%	$10.6M	$33.2M	75x	as long as short
Bybit GRASSUSDT	+0.0100%	4h	0.4465	+1.233%	$25.3M	$18.5M	25x	as long as short
OKX GRASS-USDT-SWAP	+0.0100%	4h	0.4472	+1.389%	$3.5M	$19.4M	20x	as long as short
Gate GRASS_USDT	+0.0100%	4h	0.4469	+1.321%	$1.3M	$1.7M	50x	as long as short
MEXC GRASS_USDT	+0.0100%	4h	0.4471	+1.366%	$1.6M	$2.7M	100x	as long as short
KuCoin GRASSUSDTM	+0.0100%	4h	0.4466	+1.253%	$1.3M	$1.9M	50x	as long as short
Bitget GRASSUSDT	+0.0100%	4h	0.4466	+1.249%	$5.3M	$3.5M	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	0.4470	+1.344%	—	$7.3M	—	as long as short
Variational Omni GRASSlong	+0.0100%	4h	0.4411	long leg	$2.2M	$1.3M	—
Extended GRASS-USDshort	+0.0104%	1h	0.4467	+1.277%	$221K	$770K	10x
Hyperliquid GRASS	+0.0376%	1h	0.4478	+1.518%	$17.0M	$4.3M	3x	as long as short
Aster GRASSUSDT	+0.0466%	4h	0.4473	+1.417%	$63K	$282K	10x	as long as short
Kraken Futures PF_GRASSUSD	+0.1435%	1h	0.4469	+1.311%	$162K	$147K	20x	as long as short
Lighter GRASS	+0.1760%	1h	0.4487	+1.734%	$872K	$966K	5x	as long as short