Funding arb · Price arb /

GRASS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0208%/8h= −22.8% APRpaid last 24h −0.065%

Price spread now: Reya against Bybit+0.072%7-day average — · you sell dearer than you buy

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

Long on Bybit 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 pays, funding is against you. Reya is 0.072% dearer against Bybit than usual: you sell high and buy low (spread +0.072% now, against zero (this spread has no 7-day history yet)): +$7 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 28 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit GRASSUSDT	0.4388	0.0100	pay 0.0050% / 4h	1h 45m	$24.9M	$19.5M	25x
Short	Reya GRASSRUSDPERP	0.4391	−0.0108	pay 0.0014% / 1h	45m 04s	$660	—	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya 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 ReyabpOrdersPrice spread, now +0.072%Rate

Funding earned: −$43.73
Price spread: +0.072% → 0.000%: $7.25
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Reya: 3 bp × 2 orders: −$6
Net: −$53.49
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Bybit: live order book, 4 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 Bybit live order book, 4 min ago	1.14 bp	19.6 bp −$20	45.9 bp −$459	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	−0.0108%	1h	0.4391	+0.072%	$660	—	15x
Injective GRASS/USDC PERP	+0.0033%	1h	0.4267	−2.758%	$7	$23K	5.5x	as long as short
BloFin GRASS-USDT	+0.0054%	4h	0.4398	+0.228%	$561K	$378K	20x	as long as short
Binance GRASSUSDT	+0.0100%	4h	0.4391	+0.068%	$10.3M	$35.5M	75x	as long as short
Bybit GRASSUSDTlong	+0.0100%	4h	0.4388	long leg	$24.9M	$19.5M	25x
OKX GRASS-USDT-SWAP	+0.0100%	4h	0.4388	0.000%	$3.4M	$20.4M	20x	as long as short
Gate GRASS_USDT	+0.0100%	4h	0.4388	0.000%	$1.3M	$1.8M	50x	as long as short
MEXC GRASS_USDT	+0.0100%	4h	0.4391	+0.068%	$1.5M	$2.8M	100x	as long as short
KuCoin GRASSUSDTM	+0.0100%	4h	0.4392	+0.091%	$1.3M	$1.9M	50x	as long as short
Bitget GRASSUSDT	+0.0100%	4h	0.4390	+0.057%	$5.1M	$3.7M	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	0.4388	0.000%	—	$7.4M	—	as long as short
Variational Omni GRASS	+0.0100%	4h	0.4367	−0.485%	$2.2M	$1.4M	—	as long as short
Extended GRASS-USD	+0.0104%	1h	0.4395	+0.160%	$217K	$770K	10x	as long as short
Hyperliquid GRASS	+0.0342%	1h	0.4394	+0.141%	$16.7M	$4.4M	3x	as long as short
Aster GRASSUSDT	+0.0397%	4h	0.4385	−0.071%	$63K	$302K	10x	as long as short
Kraken Futures PF_GRASSUSD	+0.0587%	1h	0.4398	+0.234%	$158K	$152K	20x	as long as short
Lighter GRASS	+0.1464%	1h	0.4411	+0.531%	$851K	$978K	5x	as long as short