Funding arb · Price arb /

GRASS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0006%/8h= +0.7% APRpaid last 24h −0.007%

Price spread now: BingX against Extended+0.169%7-day average +0.043% · you sell dearer than you buy

Net, funding: paid 7d − costs−$81as in the Funding arb table

Net, price: spread back to 7d avg − costs−$67as in the Price arb table

costs, in and out, $10k−$800.799% of the position

Long on Extended Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.014%−$1 on $10k

Price spread, last 4 days (all we have)−0.280%−$28 · spread now +0.169%, 7d avg +0.043%

Together, before fees−0.295%+ Points / potential airdropExtended: Active · farm board−$29 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: BingX is 0.126% dearer against Extended than usual: you sell high and buy low, +$13 on $10k if it goes back to its 7-day average of +0.043%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended GRASS-USD	0.4299	0.0216	pay 0.0027% / 1h	25m 50s	$212K	$823K	10x
Short	BingX GRASS-USDT	0.4306	0.0222	get 0.0111% / 4h	1h 25m	—	$7.2M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Extended. 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 ExtendedbpFee BingXbpOrdersPrice spread, now +0.169%Rate

Funding earned: $1.26
Price spread: +0.169% → +0.043%: $12.56
Slippage, 4 orders: −$64.91
Fee Extended: 2.5 bp × 2 orders: −$5
Fee BingX: 5 bp × 2 orders: −$10
Net: −$66.09
Costs to cover: 0.799%
Break-even: 374.2 days

Slippage from Extended: live order book, 57 min ago; BingX: live order book, 2 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 Extended live order book, 57 min ago	5.62 bp	16.2 bp −$16	78.4 bp −$784	doesn't fit	doesn't fit
Sell BingX live order book, 2 min ago	2.34 bp	19.3 bp −$19	81.8 bp −$818	366.2 bp −$36.6K	636.6 bp −$318.3K

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	−0.0114%	1h	0.4279	−0.454%	$643	—	15x	as long as short
Injective GRASS/USDC PERP	+0.0033%	1h	0.4267	−0.739%	$7	$23K	5.5x	as long as short
Bybit GRASSUSDT	+0.0100%	4h	0.4304	+0.127%	$24.3M	$12.7M	25x	as long as short
OKX GRASS-USDT-SWAP	+0.0100%	4h	0.4307	+0.192%	$3.1M	$10.2M	20x	as long as short
Gate GRASS_USDT	+0.0100%	4h	0.4293	−0.134%	$1.2M	$1.4M	50x	as long as short
Bitget GRASSUSDT	+0.0100%	4h	0.4305	+0.152%	$5.0M	$2.6M	75x	as long as short
Variational Omni GRASS	+0.0100%	4h	0.4216	−1.914%	$2.0M	$1.1M	—	as long as short
KuCoin GRASSUSDTM	+0.0136%	4h	0.4297	−0.041%	$1.5M	$1.1M	50x	as long as short
MEXC GRASS_USDT	+0.0190%	4h	0.4296	−0.064%	$1.3M	$1.8M	100x	as long as short
BloFin GRASS-USDT	+0.0194%	4h	0.4274	−0.576%	$550K	$281K	20x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended GRASS-USDlong	+0.0216%	1h	0.4299	long leg	$212K	$823K	10x
Binance GRASSUSDT	+0.0220%	4h	0.4301	+0.061%	$10.2M	$20.7M	75x	as long as short
BingX GRASS-USDTshort	+0.0222%	4h	0.4306	+0.169%	—	$7.2M	—
Hyperliquid GRASS	+0.0648%	1h	0.4314	+0.355%	$16.0M	$3.1M	3x	as long as short
Aster GRASSUSDT	+0.1103%	4h	0.4295	−0.082%	$63K	$169K	10x	as long as short
Kraken Futures PF_GRASSUSD	+0.1495%	1h	0.4292	−0.148%	$155K	$98K	20x	as long as short
Lighter GRASS	+0.1664%	1h	0.4307	+0.194%	$767K	$663K	5x	as long as short