Funding arb · Price arb /

GRASS

all GRASS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0209%/8h= −22.9% APRpaid last 24h −0.065%

Price spread now: Reya against BingX−0.008%7-day average — · you buy dearer than you sell

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

Long on BingX 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 airdropReya: Active · farm boardneeds both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$6 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX GRASS-USDT	0.4394	0.0100	pay 0.0050% / 4h	2h 29m	—	$7.4M	—
Short	Reya GRASSRUSDPERP	0.4394	−0.0109	pay 0.0014% / 1h	29m 24s	$660	—	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against BingX. 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 BingXbpFee ReyabpOrdersPrice spread, now −0.008%Rate

Funding earned: −$43.84
Price spread: −0.008% → 0.000%: −$0.85
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee Reya: 3 bp × 2 orders: −$6
Net: −$60.69
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: BingX: live order book, 8 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 BingX live order book, 8 min ago	4.55 bp	21.4 bp −$21	36.2 bp −$362	327.5 bp −$32.7K	617.7 bp −$308.8K
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	−0.0109%	1h	0.4394	−0.008%	$660	—	15x
Injective GRASS/USDC PERP	+0.0033%	1h	0.4267	−2.890%	$7	$23K	5.5x	as long as short
BloFin GRASS-USDT	+0.0058%	4h	0.4367	−0.614%	$565K	$367K	20x	as long as short
Binance GRASSUSDT	+0.0100%	4h	0.4396	+0.054%	$10.4M	$34.1M	75x	as long as short
Bybit GRASSUSDT	+0.0100%	4h	0.4390	−0.091%	$25.0M	$19.0M	25x	as long as short
OKX GRASS-USDT-SWAP	+0.0100%	4h	0.4395	+0.023%	$3.4M	$19.6M	20x	as long as short
Gate GRASS_USDT	+0.0100%	4h	0.4392	−0.046%	$1.2M	$1.8M	50x	as long as short
MEXC GRASS_USDT	+0.0100%	4h	0.4397	+0.068%	$1.5M	$2.8M	100x	as long as short
KuCoin GRASSUSDTM	+0.0100%	4h	0.4397	+0.068%	$1.3M	$1.9M	50x	as long as short
Bitget GRASSUSDT	+0.0100%	4h	0.4393	−0.018%	$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-USDTlong	+0.0100%	4h	0.4394	long leg	—	$7.4M	—
Variational Omni GRASS	+0.0100%	4h	0.4361	−0.744%	$2.2M	$1.3M	—	as long as short
Extended GRASS-USD	+0.0104%	1h	0.4392	−0.050%	$219K	$775K	10x	as long as short
Aster GRASSUSDT	+0.0462%	4h	0.4389	−0.107%	$63K	$290K	10x	as long as short
Hyperliquid GRASS	+0.0490%	1h	0.4401	+0.168%	$16.7M	$4.3M	3x	as long as short
Kraken Futures PF_GRASSUSD	+0.1460%	1h	0.4392	−0.043%	$159K	$147K	20x	as long as short
Lighter GRASS	+0.1696%	1h	0.4414	+0.453%	$852K	$979K	5x	as long as short