Funding arb · Price arb /

GRASS

all GRASS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.1273%/8h= −139.3% APRpaid last 24h −0.224%

Price spread now: Reya against Aster−0.041%7-day average — · you buy dearer than you sell

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

Long on Aster 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 airdropAster: Stage 5 · Reya: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$38 a day on $10k at the current rate, and Reya is 0.041% cheaper against Aster than usual: you would sell low and buy high (−$4 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster GRASSUSDT	0.4358	0.1159	pay 0.0580% / 4h	1h 16m	$74K	$183K	10x
Short	Reya GRASSRUSDPERP	0.4356	−0.0113	pay 0.0014% / 1h	16m 28s	$655	—	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against Aster. 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 AsterbpFee ReyabpOrdersPrice spread, now −0.041%Rate

Funding earned: −$267.24
Price spread: −0.041% → 0.000%: −$4.09
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Reya: 3 bp × 2 orders: −$6
Net: −$285.33
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Aster: live order book, 42 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 Aster live order book, 42 min ago	7.84 bp	18.1 bp −$18	doesn't fit	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	−0.0113%	1h	0.4356	−0.041%	$655	—	15x
Injective GRASS/USDC PERP	+0.0033%	1h	0.4267	−2.094%	$7	$23K	5.5x	as long as short
Bybit GRASSUSDT	+0.0100%	4h	0.4355	−0.077%	$24.6M	$13.1M	25x	as long as short
OKX GRASS-USDT-SWAP	+0.0100%	4h	0.4356	−0.052%	$3.1M	$10.9M	20x	as long as short
Gate GRASS_USDT	+0.0100%	4h	0.4348	−0.235%	$1.2M	$1.4M	50x	as long as short
Bitget GRASSUSDT	+0.0100%	4h	0.4352	−0.153%	$5.1M	$2.6M	75x	as long as short
Variational Omni GRASS	+0.0100%	4h	0.4399	+0.945%	$2.1M	$1.2M	—	as long as short
KuCoin GRASSUSDTM	+0.0184%	4h	0.4360	+0.040%	$1.4M	$1.2M	50x	as long as short
MEXC GRASS_USDT	+0.0260%	4h	0.4356	−0.052%	$1.3M	$1.8M	100x	as long as short
Binance GRASSUSDT	+0.0260%	4h	0.4358	−0.010%	$10.4M	$21.7M	75x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended GRASS-USD	+0.0264%	1h	0.4351	−0.175%	$215K	$823K	10x	as long as short
BingX GRASS-USDT	+0.0276%	4h	0.4352	−0.144%	—	$7.2M	—	as long as short
BloFin GRASS-USDT	+0.0305%	4h	0.4365	+0.155%	$545K	$290K	20x	as long as short
Hyperliquid GRASS	+0.0678%	1h	0.4364	+0.127%	$16.4M	$3.3M	3x	as long as short
Aster GRASSUSDTlong	+0.1159%	4h	0.4358	long leg	$74K	$183K	10x
Kraken Futures PF_GRASSUSD	+0.1468%	1h	0.4370	+0.265%	$160K	$105K	20x	as long as short
Lighter GRASS	+0.2832%	1h	0.4376	+0.407%	$854K	$762K	5x	as long as short