Funding arb · Price arb /

GRASS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: BingX against Gate+0.024%7-day average +0.047% · you sell dearer than you buy

Net, funding: paid 7d − costs−$142as in the Funding arb table

Net, price: spread back to 7d avg − costs−$152as in the Price arb table

costs, in and out, $10k−$1491.493% of the position

Long on Gate Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.073%+$7 on $10k

Price spread, last 4 days (all we have)+0.020%+$2 · spread now +0.024%, 7d avg +0.047%

Together, before fees+0.093%+$9 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 0.023% cheaper against Gate than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of +0.047%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate GRASS_USDT	0.4121	0.0100	pay 0.0050% / 4h	3h 57m	$1.1M	$1.5M	50x
Short	BingX GRASS-USDT	0.4122	0.0100	get 0.0050% / 4h	3h 57m	—	$7.3M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Gate. 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 GatebpFee BingXbpOrdersPrice spread, now +0.024%Rate

Funding earned: $0
Price spread: +0.024% → +0.047%: −$2.27
Slippage, 4 orders: −$124.32
Fee Gate: 7.5 bp × 2 orders: −$15
Fee BingX: 5 bp × 2 orders: −$10
Net: −$151.59
Costs to cover: 1.493%
Break-even: never at this rate

Slippage from Gate: live order book, 5 min ago; BingX: live order book, 1 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 Gate live order book, 5 min ago	7.24 bp	52.7 bp −$53	doesn't fit	doesn't fit	doesn't fit
Sell BingX live order book, 1 min ago	6.05 bp	23.3 bp −$23	41.1 bp −$411	266.5 bp −$26.6K	690.6 bp −$345.3K

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	−0.0113%	1h	0.4119	−0.049%	$619	—	15x	as long as short
Injective GRASS/USDC PERP	+0.0033%	1h	0.4267	+3.543%	$7	$23K	5.5x	as long as short
Binance GRASSUSDT	+0.0100%	4h	0.4125	+0.105%	$9.7M	$25.2M	75x	as long as short
Bybit GRASSUSDT	+0.0100%	4h	0.4122	+0.024%	$23.3M	$14.7M	25x	as long as short
OKX GRASS-USDT-SWAP	+0.0100%	4h	0.4124	+0.073%	$3.0M	$12.7M	20x	as long as short
Gate GRASS_USDTlong	+0.0100%	4h	0.4121	long leg	$1.1M	$1.5M	50x
MEXC GRASS_USDT	+0.0100%	4h	0.4124	+0.073%	$1.2M	$2.2M	100x	as long as short
Bitget GRASSUSDT	+0.0100%	4h	0.4121	+0.005%	$4.8M	$2.9M	75x	as long as short
BingX GRASS-USDTshort	+0.0100%	4h	0.4122	+0.024%	—	$7.3M	—
Variational Omni GRASS	+0.0100%	4h	0.4142	+0.520%	$2.0M	$1.2M	—	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended GRASS-USD	+0.0104%	1h	0.4127	+0.146%	$204K	$818K	10x	as long as short
BloFin GRASS-USDT	+0.0112%	4h	0.4143	+0.534%	$522K	$297K	20x	as long as short
KuCoin GRASSUSDTM	+0.0132%	4h	0.4123	+0.049%	$1.2M	$1.4M	50x	as long as short
Kraken Futures PF_GRASSUSD	+0.0283%	1h	0.4132	+0.272%	$146K	$124K	20x	as long as short
Hyperliquid GRASS	+0.0580%	1h	0.4126	+0.129%	$15.4M	$3.6M	3x	as long as short
Aster GRASSUSDT	+0.0599%	4h	0.4133	+0.298%	$64K	$208K	10x	as long as short
Lighter GRASS	+0.2064%	1h	0.4148	+0.665%	$810K	$777K	5x	as long as short