Funding arb · Price arb /

GRASS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.008%

Price spread now: Extended against Bybit−0.095%7-day average +0.032% · you buy dearer than you sell

Net, funding: paid 7d − costs−$62as in the Funding arb table

Net, price: spread back to 7d avg − costs−$82as in the Price arb table

costs, in and out, $10k−$690.694% of the position

Long on Bybit Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.071%+$7 on $10k

Price spread, last 4 days (all we have)+0.126%+$13 · spread now −0.095%, 7d avg +0.032%

Together, before fees+0.198%+ Points / potential airdropExtended: Active · farm board+$20 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: Extended is 0.127% cheaper against Bybit than usual: you would sell low and buy high, −$13 on $10k if it goes back to its 7-day average of +0.032%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit GRASSUSDT	0.4640	0.0100	pay 0.0050% / 4h	3h 00m	$27.0M	$22.6M	25x
Short	Extended GRASS-USD	0.4635	0.0104	get 0.0013% / 1h	0m 05s	$230K	$1.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against Bybit. 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 BybitbpFee ExtendedbpOrdersPrice spread, now −0.095%Rate

Funding earned: $0.84
Price spread: −0.095% → +0.032%: −$12.72
Slippage, 4 orders: −$53.42
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$81.3
Costs to cover: 0.694%
Break-even: 684.5 days

Slippage from Bybit: live order book, 4 min ago; Extended: live order book, 3 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, 4 min ago	4.30 bp	22.5 bp −$23	46.5 bp −$465	doesn't fit	doesn't fit
Sell Extended live order book, 3 min ago	3.22 bp	13.0 bp −$13	94.0 bp −$940	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	−0.0106%	1h	0.4636	−0.073%	$697	—	15x	as long as short
Injective GRASS/USDC PERP	+0.0033%	1h	0.4267	−8.031%	$7	$23K	5.5x	as long as short
BloFin GRASS-USDT	+0.0087%	4h	0.4644	+0.095%	$576K	$481K	20x	as long as short
Binance GRASSUSDT	+0.0100%	4h	0.4644	+0.086%	$11.1M	$42.8M	75x	as long as short
Bybit GRASSUSDTlong	+0.0100%	4h	0.4640	long leg	$27.0M	$22.6M	25x
OKX GRASS-USDT-SWAP	+0.0100%	4h	0.4649	+0.203%	$3.6M	$25.3M	20x	as long as short
Gate GRASS_USDT	+0.0100%	4h	0.4635	−0.099%	$1.3M	$2.0M	50x	as long as short
MEXC GRASS_USDT	+0.0100%	4h	0.4637	−0.056%	$2.0M	$3.3M	100x	as long as short
KuCoin GRASSUSDTM	+0.0100%	4h	0.4640	+0.009%	$1.5M	$2.3M	50x	as long as short
Bitget GRASSUSDT	+0.0100%	4h	0.4637	−0.056%	$5.4M	$4.4M	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	0.4637	−0.056%	—	$7.5M	—	as long as short
Variational Omni GRASS	+0.0100%	4h	0.4631	−0.193%	$2.3M	$1.5M	—	as long as short
Extended GRASS-USDshort	+0.0104%	1h	0.4635	−0.095%	$230K	$1.3M	10x
Hyperliquid GRASS	+0.0439%	1h	0.4647	+0.170%	$17.8M	$5.0M	3x	as long as short
Aster GRASSUSDT	+0.0476%	4h	0.4636	−0.084%	$79K	$368K	10x	as long as short
Kraken Futures PF_GRASSUSD	+0.1094%	1h	0.4640	+0.009%	$165K	$163K	20x	as long as short
Lighter GRASS	+0.1176%	1h	0.4659	+0.414%	$903K	$1.1M	5x	as long as short