GRASS

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.1749%/8h= −191.5% APRnext payment −$2.19 per $10,000 · paid last 24h −0.397%

Price spread now: Reya against Lighter−0.420%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Lighter Short on Reya

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropLighter: Season 3 · Reya: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$52 a day on $10k at the current rate, and Reya is 0.420% cheaper against Lighter than usual: you would sell low and buy high (−$42 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter GRASS	0.4453	0.1640	pay 0.0205% / 1h	5m 50s	$859K	$983K	5x
Short	Reya GRASSRUSDPERP	0.4434	−0.0109	pay 0.0014% / 1h	5m 50s	$666	—	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against Lighter. 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 LighterbpFee ReyabpOrdersPrice spread, now −0.420%Rate

Funding earned: −$367.19
Price spread: −0.420% → 0.000%: −$41.99
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Reya: 3 bp × 2 orders: −$6
Net: −$415.17
Costs to cover: 0.060%
Break-even: never at this rate

Slippage unknown: Lighter: live order book, 39 min ago; Reya: no order-book sample. Net counts fees only.

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 Lighter live order book, 39 min ago	29.22 bp	124.2 bp −$124	doesn't fit	doesn't fit	doesn't fit
Sell Reya no order-book sample	—	—	—	—	—

Reya: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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 GRASSRUSDPERPshort	−0.0109%	1h	0.4434	−0.420%	$666	—	15x
Injective GRASS/USDC PERP	+0.0033%	1h	0.4267	−4.168%	$7	$23K	5.5x	as long as short
Binance GRASSUSDT	+0.0100%	4h	0.4433	−0.440%	$10.4M	$34.8M	75x	as long as short
Bybit GRASSUSDT	+0.0100%	4h	0.4427	−0.582%	$25.2M	$19.3M	25x	as long as short
OKX GRASS-USDT-SWAP	+0.0100%	4h	0.4428	−0.552%	$3.4M	$20.2M	20x	as long as short
Gate GRASS_USDT	+0.0100%	4h	0.4431	−0.485%	$1.3M	$1.8M	50x	as long as short
MEXC GRASS_USDT	+0.0100%	4h	0.4431	−0.485%	$1.6M	$2.8M	100x	as long as short
KuCoin GRASSUSDTM	+0.0100%	4h	0.4431	−0.485%	$1.3M	$1.9M	50x	as long as short
Bitget GRASSUSDT	+0.0100%	4h	0.4426	−0.600%	$5.2M	$3.6M	75x	as long as short
BingX GRASS-USDT	+0.0100%	4h	0.4430	−0.508%	—	$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	0.4433	−0.446%	$2.2M	$1.4M	—	as long as short
Extended GRASS-USD	+0.0104%	1h	0.4426	−0.597%	$222K	$769K	10x	as long as short
BloFin GRASS-USDT	+0.0129%	4h	0.4405	−1.069%	$549K	$375K	20x	as long as short
Aster GRASSUSDT	+0.0459%	4h	0.4434	−0.418%	$64K	$299K	10x	as long as short
Hyperliquid GRASS	+0.0469%	1h	0.4434	−0.424%	$16.9M	$4.4M	3x	as long as short
Kraken Futures PF_GRASSUSD	+0.1446%	1h	0.4436	−0.368%	$160K	$152K	20x	as long as short
Lighter GRASSlong	+0.1640%	1h	0.4453	long leg	$859K	$983K	5x