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: Bitget against Bybit+0.014%7-day average +0.040% · you sell dearer than you buy

Net, funding: paid 7d − costs−$84as in the Funding arb table

Net, price: spread back to 7d avg − costs−$95as in the Price arb table

costs, in and out, $10k−$930.925% of the position

Long on Bybit Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.086%+$9 on $10k

Price spread, last 7 days+0.033%+$3 · spread now +0.014%, 7d avg +0.040%

Together, before fees+0.119%+$12 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: Bitget is 0.025% cheaper against Bybit than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.040%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit GRASSUSDT	0.4204	0.0100	pay 0.0050% / 4h	3h 08m	$23.8M	$15.3M	25x
Short	Bitget GRASSUSDT	0.4204	0.0100	get 0.0050% / 4h	3h 08m	$4.9M	$3.0M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Bybit. 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 BybitbpFee BitgetbpOrdersPrice spread, now +0.014%Rate

Funding earned: $0
Price spread: +0.014% → +0.040%: −$2.54
Slippage, 4 orders: −$69.53
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$95.07
Costs to cover: 0.925%
Break-even: never at this rate

Slippage from Bybit: live order book, 5 min ago; Bitget: live order book, 5 min ago.

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 Bybit live order book, 5 min ago	1.20 bp	18.3 bp −$18	43.0 bp −$430	doesn't fit	doesn't fit
Sell Bitget live order book, 5 min ago	5.97 bp	25.0 bp −$25	74.3 bp −$743	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	−0.0112%	1h	0.4208	+0.095%	$632	—	15x	as long as short
Injective GRASS/USDC PERP	+0.0033%	1h	0.4267	+1.501%	$7	$23K	5.5x	as long as short
Binance GRASSUSDT	+0.0100%	4h	0.4204	−0.002%	$10.0M	$26.7M	75x	as long as short
Bybit GRASSUSDTlong	+0.0100%	4h	0.4204	long leg	$23.8M	$15.3M	25x
OKX GRASS-USDT-SWAP	+0.0100%	4h	0.4206	+0.050%	$3.2M	$13.8M	20x	as long as short
Gate GRASS_USDT	+0.0100%	4h	0.4198	−0.140%	$1.1M	$1.5M	50x	as long as short
MEXC GRASS_USDT	+0.0100%	4h	0.4201	−0.069%	$1.2M	$2.2M	100x	as long as short
Bitget GRASSUSDTshort	+0.0100%	4h	0.4204	+0.014%	$4.9M	$3.0M	75x
BingX GRASS-USDT	+0.0100%	4h	0.4201	−0.069%	—	$7.3M	—	as long as short
Variational Omni GRASS	+0.0100%	4h	0.4185	−0.454%	$2.0M	$1.2M	—	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	+0.0104%	1h	0.4198	−0.133%	$207K	$900K	10x	as long as short
BloFin GRASS-USDT	+0.0107%	4h	0.4210	+0.145%	$533K	$304K	20x	as long as short
KuCoin GRASSUSDTM	+0.0210%	4h	0.4205	+0.026%	$1.3M	$1.5M	50x	as long as short
Kraken Futures PF_GRASSUSD	+0.0278%	1h	0.4200	−0.084%	$150K	$127K	20x	as long as short
Aster GRASSUSDT	+0.0606%	4h	0.4201	−0.075%	$68K	$209K	10x	as long as short
Hyperliquid GRASS	+0.0607%	1h	0.4216	+0.295%	$15.7M	$3.7M	3x	as long as short
Lighter GRASS	+0.2080%	1h	0.4220	+0.373%	$824K	$783K	5x	as long as short