Funding arb · Price arb /

GRASS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0208%/8h= −22.8% APRpaid last 24h −0.065%

Price spread now: Reya against Variational Omni+0.040%7-day average — · you sell dearer than you buy

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

Long on Variational Omni Short on Reya

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 airdropVariational Omni: Active · Reya: Active · farm boardneeds both histories

The price spread pays, funding is against you. Reya is 0.040% dearer against Variational Omni than usual: you sell high and buy low (spread +0.040% now, against zero (this spread has no 7-day history yet)): +$4 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 15 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni GRASS	0.4419	0.0100	pay 0.0050% / 4h	1h 59m	$2.2M	$1.4M	—
Short	Reya GRASSRUSDPERP	0.4420	−0.0108	pay 0.0014% / 1h	59m 58s	$664	—	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya 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 ReyabpOrdersPrice spread, now +0.040%Rate

Funding earned: −$43.77
Price spread: +0.040% → 0.000%: $4.02
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Reya: 3 bp × 2 orders: −$6
Net: −$45.75
Costs to cover: 0.060%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 4 min ago; Reya: no order-book sample. 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, 4 min ago	6.79 bp	doesn't fit	40.7 bp −$407	doesn't fit	doesn't fit
Sell Reya no order-book sample	—	—	—	—	—

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 GRASSRUSDPERPshort	−0.0108%	1h	0.4420	+0.040%	$664	—	15x
Injective GRASS/USDC PERP	+0.0033%	1h	0.4267	−3.433%	$7	$23K	5.5x	as long as short
BloFin GRASS-USDT	+0.0078%	4h	0.4427	+0.188%	$555K	$377K	20x	as long as short
Binance GRASSUSDT	+0.0100%	4h	0.4428	+0.206%	$10.4M	$35.0M	75x	as long as short
Bybit GRASSUSDT	+0.0100%	4h	0.4421	+0.064%	$25.2M	$19.3M	25x	as long as short
OKX GRASS-USDT-SWAP	+0.0100%	4h	0.4423	+0.098%	$3.4M	$20.2M	20x	as long as short
Gate GRASS_USDT	+0.0100%	4h	0.4423	+0.098%	$1.3M	$1.8M	50x	as long as short
MEXC GRASS_USDT	+0.0100%	4h	0.4425	+0.143%	$1.6M	$2.8M	100x	as long as short
KuCoin GRASSUSDTM	+0.0100%	4h	0.4423	+0.098%	$1.4M	$1.9M	50x	as long as short
Bitget GRASSUSDT	+0.0100%	4h	0.4421	+0.061%	$5.2M	$3.6M	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	0.4423	+0.098%	—	$7.4M	—	as long as short
Variational Omni GRASSlong	+0.0100%	4h	0.4419	long leg	$2.2M	$1.4M	—
Extended GRASS-USD	+0.0104%	1h	0.4421	+0.052%	$218K	$773K	10x	as long as short
Aster GRASSUSDT	+0.0438%	4h	0.4426	+0.164%	$64K	$299K	10x	as long as short
Hyperliquid GRASS	+0.0464%	1h	0.4430	+0.252%	$16.8M	$4.4M	3x	as long as short
Kraken Futures PF_GRASSUSD	+0.1448%	1h	0.4429	+0.232%	$160K	$152K	20x	as long as short
Lighter GRASS	+0.1696%	1h	0.4444	+0.566%	$857K	$983K	5x	as long as short