GRASS

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0720%/8h= +78.8% APRnext payment +$0.90 per $10,000 · paid last 24h +0.361%

Price spread now: Lighter against Extended+0.547%7-day average +0.207% · you sell dearer than you buy

Net, funding: paid 7d − costs−$48as in the Funding arb table

Net, price: spread back to 7d avg − costs−$108as in the Price arb table

costs, in and out, $10k−$1421.424% of the position

Long on Extended Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.946%+$95 on $10k

Price spread, last 4 days (all we have)−0.447%−$45 · spread now +0.547%, 7d avg +0.207%

Together, before fees+0.499%+ Points / potential airdropExtended: Active · Lighter: Season 3 · farm board+$50 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$22 a day on $10k at the current rate, and Lighter is 0.339% dearer against Extended than usual: you sell high and buy low: +$34 more if the spread goes back to its 7-day average of +0.207%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended GRASS-USD	0.4526	0.0104	pay 0.0013% / 1h	52m 00s	$226K	$1.3M	10x
Short	Lighter GRASS	0.4551	0.0824	get 0.0103% / 1h	52m 00s	$882K	$1.1M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now +0.547%Rate

Funding earned: $151.2
Price spread: +0.547% → +0.207%: $33.94
Slippage, 4 orders: −$137.4
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Lighter: 0 bp × 2 orders: $0
Net: $42.74
Costs to cover: 1.424%
Break-even: 5.0 days

Slippage from Extended: live order book, 4 min ago; Lighter: 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, 4 min ago	4.43 bp	14.7 bp −$15	87.1 bp −$871	doesn't fit	doesn't fit
Sell Lighter live order book, 2 min ago	16.40 bp	22.8 bp −$23	112.1 bp −$1,121	doesn't fit	doesn't fit

GRASS on 17 exchanges

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	0.4524	−0.029%	$680	—	15x	as long as short
Kraken Futures PF_GRASSUSD	−0.0099%	1h	0.4529	+0.063%	$164K	$176K	20x	as long as short
Injective GRASS/USDC PERP	+0.0033%	1h	0.4267	−5.717%	$7	$23K	5.5x	as long as short
Hyperliquid GRASS	+0.0100%	1h	0.4535	+0.211%	$17.3M	$5.3M	3x	as long as short
Binance GRASSUSDT	+0.0100%	4h	0.4532	+0.140%	$10.9M	$47.5M	75x	as long as short
Bybit GRASSUSDT	+0.0100%	4h	0.4528	+0.054%	$26.2M	$24.2M	25x	as long as short
OKX GRASS-USDT-SWAP	+0.0100%	4h	0.4527	+0.027%	$3.5M	$26.4M	20x	as long as short
Gate GRASS_USDT	+0.0100%	4h	0.4529	+0.072%	$1.2M	$2.1M	50x	as long as short
MEXC GRASS_USDT	+0.0100%	4h	0.4532	+0.138%	$1.9M	$3.5M	100x	as long as short
KuCoin GRASSUSDTM	+0.0100%	4h	0.4531	+0.116%	$1.4M	$2.6M	50x	as long as short

Show all 17 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget GRASSUSDT	+0.0100%	4h	0.4530	+0.085%	$5.4M	$5.1M	75x	as long as short
BingX GRASS-USDT	+0.0100%	4h	0.4530	+0.094%	—	$7.5M	—	as long as short
Variational Omni GRASS	+0.0100%	4h	0.4503	−0.495%	$2.3M	$1.5M	—	as long as short
Extended GRASS-USDlong	+0.0104%	1h	0.4526	long leg	$226K	$1.3M	10x
BloFin GRASS-USDT	+0.0152%	4h	0.4549	+0.514%	$576K	$534K	20x	as long as short
Aster GRASSUSDT	+0.0260%	4h	0.4534	+0.192%	$80K	$400K	10x	as long as short
Lighter GRASSshort	+0.0824%	1h	0.4551	+0.547%	$882K	$1.1M	5x