Funding arb · Price arb /

GRASS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.008%

Price spread now: OKX against Extended+0.018%7-day average +0.080% · you sell dearer than you buy

Net, funding: paid 7d − costs−$63as in the Funding arb table

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

costs, in and out, $10k−$610.612% of the position

Long on Extended Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.023%−$2 on $10k

Price spread, last 4 days (all we have)+0.013%+$1 · spread now +0.018%, 7d avg +0.080%

Together, before fees−0.010%+ Points / potential airdropExtended: Active · farm board−$1 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: OKX is 0.062% cheaper against Extended than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of +0.080%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended GRASS-USD	0.4470	0.0104	pay 0.0013% / 1h	15m 50s	$223K	$1.3M	10x
Short	OKX GRASS-USDT-SWAP	0.4471	0.0100	get 0.0050% / 4h	15m 50s	$3.5M	$22.5M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.018%Rate

Funding earned: −$0.84
Price spread: +0.018% → +0.080%: −$6.2
Slippage, 4 orders: −$46.16
Fee Extended: 2.5 bp × 2 orders: −$5
Fee OKX: 5 bp × 2 orders: −$10
Net: −$68.2
Costs to cover: 0.612%
Break-even: never at this rate

Slippage from Extended: live order book, 2 min ago; OKX: 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 Extended live order book, 2 min ago	3.36 bp	13.8 bp −$14	105.4 bp −$1,054	doesn't fit	doesn't fit
Sell OKX live order book, 3 min ago	1.12 bp	20.2 bp −$20	62.7 bp −$627	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	−0.0107%	1h	0.4450	−0.461%	$669	—	15x	as long as short
Injective GRASS/USDC PERP	+0.0033%	1h	0.4267	−4.545%	$7	$23K	5.5x	as long as short
Binance GRASSUSDT	+0.0100%	4h	0.4476	+0.130%	$10.5M	$38.2M	75x	as long as short
Bybit GRASSUSDT	+0.0100%	4h	0.4472	+0.034%	$25.8M	$20.9M	25x	as long as short
OKX GRASS-USDT-SWAPshort	+0.0100%	4h	0.4471	+0.018%	$3.5M	$22.5M	20x
Gate GRASS_USDT	+0.0100%	4h	0.4466	−0.094%	$1.3M	$1.9M	50x	as long as short
MEXC GRASS_USDT	+0.0100%	4h	0.4476	+0.130%	$1.7M	$3.0M	100x	as long as short
KuCoin GRASSUSDTM	+0.0100%	4h	0.4464	−0.138%	$1.3M	$2.1M	50x	as long as short
Bitget GRASSUSDT	+0.0100%	4h	0.4469	−0.029%	$5.2M	$4.0M	75x	as long as short
BingX GRASS-USDT	+0.0100%	4h	0.4472	+0.041%	—	$7.4M	—	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	0.4465	−0.120%	$2.2M	$1.4M	—	as long as short
Extended GRASS-USDlong	+0.0104%	1h	0.4470	long leg	$223K	$1.3M	10x
BloFin GRASS-USDT	+0.0108%	4h	0.4456	−0.317%	$558K	$398K	20x	as long as short
Aster GRASSUSDT	+0.0444%	4h	0.4458	−0.277%	$60K	$329K	10x	as long as short
Hyperliquid GRASS	+0.0506%	1h	0.4477	+0.155%	$17.0M	$4.7M	3x	as long as short
Kraken Futures PF_GRASSUSD	+0.0975%	1h	0.4469	−0.023%	$160K	$162K	20x	as long as short
Lighter GRASS	+0.1168%	1h	0.4489	+0.410%	$866K	$1.0M	5x	as long as short