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: Gate against Extended+0.090%7-day average −0.004% · you sell dearer than you buy

Net, funding: paid 7d − costs−$128as in the Funding arb table

Net, price: spread back to 7d avg − costs−$110as in the Price arb table

costs, in and out, $10k−$1191.191% of the position

Long on Extended Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.087%−$9 on $10k

Price spread, last 4 days (all we have)−0.592%−$59 · spread now +0.090%, 7d avg −0.004%

Together, before fees−0.679%+ Points / potential airdropExtended: Active · farm board−$68 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: Gate is 0.095% dearer against Extended than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of −0.004%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended GRASS-USD	0.4655	0.0104	pay 0.0013% / 1h	3m 18s	$232K	$1.3M	10x
Short	Gate GRASS_USDT	0.4659	0.0100	get 0.0050% / 4h	3h 03m	$1.3M	$2.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.090%Rate

Funding earned: −$0.84
Price spread: +0.090% → −0.004%: $9.46
Slippage, 4 orders: −$99.07
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$110.45
Costs to cover: 1.191%
Break-even: never at this rate

Slippage from Extended: live order book, 5 min ago; Gate: live order book, 4 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, 5 min ago	4.38 bp	14.4 bp −$14	96.7 bp −$967	doesn't fit	doesn't fit
Sell Gate live order book, 4 min ago	8.68 bp	54.9 bp −$55	doesn't fit	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	0.4657	+0.038%	$700	—	15x	as long as short
Injective GRASS/USDC PERP	+0.0033%	1h	0.4267	−8.331%	$7	$23K	5.5x	as long as short
Binance GRASSUSDT	+0.0100%	4h	0.4659	+0.090%	$11.1M	$42.5M	75x	as long as short
Bybit GRASSUSDT	+0.0100%	4h	0.4656	+0.022%	$27.1M	$22.6M	25x	as long as short
OKX GRASS-USDT-SWAP	+0.0100%	4h	0.4658	+0.069%	$3.6M	$25.3M	20x	as long as short
Gate GRASS_USDTshort	+0.0100%	4h	0.4659	+0.090%	$1.3M	$2.0M	50x
MEXC GRASS_USDT	+0.0100%	4h	0.4660	+0.112%	$1.9M	$3.3M	100x	as long as short
KuCoin GRASSUSDTM	+0.0100%	4h	0.4662	+0.155%	$1.5M	$2.2M	50x	as long as short
Bitget GRASSUSDT	+0.0100%	4h	0.4655	+0.007%	$5.4M	$4.4M	75x	as long as short
BingX GRASS-USDT	+0.0100%	4h	0.4659	+0.090%	—	$7.5M	—	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni GRASS	+0.0100%	4h	0.4658	+0.074%	$2.3M	$1.5M	—	as long as short
Extended GRASS-USDlong	+0.0104%	1h	0.4655	long leg	$232K	$1.3M	10x
BloFin GRASS-USDT	+0.0155%	4h	0.4665	+0.219%	$576K	$483K	20x	as long as short
Hyperliquid GRASS	+0.0461%	1h	0.4668	+0.292%	$17.9M	$4.9M	3x	as long as short
Aster GRASSUSDT	+0.0477%	4h	0.4657	+0.047%	$80K	$366K	10x	as long as short
Kraken Futures PF_GRASSUSD	+0.1089%	1h	0.4663	+0.179%	$168K	$160K	20x	as long as short
Lighter GRASS	+0.1200%	1h	0.4682	+0.574%	$908K	$1.1M	5x	as long as short