Funding arb · Price arb /

GRASS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Variational Omni against BingX+0.313%7-day average −0.098% · you sell dearer than you buy

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

Long on BingX Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)0.000%$0 on $10k

Price spread, last 7 days−0.423%−$42 · spread now +0.313%, 7d avg −0.098%

Together, before fees−0.423%+ Points / potential airdropVariational Omni: Active · farm board−$42 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: Variational Omni is 0.410% dearer against BingX than usual: you sell high and buy low, +$41 on $10k if it goes back to its 7-day average of −0.098%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX GRASS-USDT	0.4102	0.0100	pay 0.0050% / 4h	2h 24m	—	$7.3M	—
Short	Variational Omni GRASS	0.4115	0.0100	get 0.0050% / 4h	2h 24m	$2.0M	$1.2M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against BingX. 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 BingXbpFee Variational OmnibpOrdersPrice spread, now +0.313%Rate

Funding earned: $0
Price spread: +0.313% → −0.098%: $41.02
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $31.02
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: BingX: live order book, 9 min ago; Variational Omni: RFQ quote, 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 BingX live order book, 9 min ago	3.65 bp	20.3 bp −$20	37.6 bp −$376	287.5 bp −$28.7K	612.9 bp −$306.5K
Sell Variational Omni RFQ quote, 5 min ago	4.86 bp	doesn't fit	97.3 bp −$973	doesn't fit	doesn't fit

GRASS on 16 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	−0.0111%	1h	0.4103	+0.015%	$616	—	15x	as long as short
Injective GRASS/USDC PERP	+0.0033%	1h	0.4267	+4.022%	$7	$23K	5.5x	as long as short
Binance GRASSUSDT	+0.0100%	4h	0.4101	−0.012%	$9.7M	$28.3M	75x	as long as short
Bybit GRASSUSDT	+0.0100%	4h	0.4097	−0.122%	$22.9M	$16.4M	25x	as long as short
OKX GRASS-USDT-SWAP	+0.0100%	4h	0.4097	−0.122%	$3.1M	$14.5M	20x	as long as short
Gate GRASS_USDT	+0.0100%	4h	0.4098	−0.098%	$1.1M	$1.6M	50x	as long as short
MEXC GRASS_USDT	+0.0100%	4h	0.4099	−0.073%	$1.2M	$2.3M	100x	as long as short
Bitget GRASSUSDT	+0.0100%	4h	0.4098	−0.105%	$4.8M	$3.1M	75x	as long as short
BingX GRASS-USDTlong	+0.0100%	4h	0.4102	long leg	—	$7.3M	—
Variational Omni GRASSshort	+0.0100%	4h	0.4115	+0.313%	$2.0M	$1.2M	—

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended GRASS-USD	+0.0104%	1h	0.4095	−0.174%	$203K	$907K	10x	as long as short
KuCoin GRASSUSDTM	+0.0150%	4h	0.4098	−0.098%	$1.2M	$1.6M	50x	as long as short
Aster GRASSUSDT	+0.0439%	4h	0.4105	+0.063%	$66K	$221K	10x	as long as short
Kraken Futures PF_GRASSUSD	+0.0648%	1h	0.4092	−0.241%	$146K	$128K	20x	as long as short
Hyperliquid GRASS	+0.1175%	1h	0.4109	+0.176%	$15.5M	$3.9M	3x	as long as short
Lighter GRASS	+0.1880%	1h	0.4118	+0.380%	$805K	$784K	5x	as long as short