Funding arb · Price arb /

GRASS

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Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: Bitget against OKX+0.091%7-day average −0.049% · you sell dearer than you buy

Net, funding: paid 7d − costs−$106as in the Funding arb table

Net, price: spread back to 7d avg − costs−$93as in the Price arb table

costs, in and out, $10k−$1071.071% of the position

Long on OKX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.008%+$1 on $10k

Price spread, last 7 days−0.077%−$8 · spread now +0.091%, 7d avg −0.049%

Together, before fees−0.069%−$7 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: Bitget is 0.141% dearer against OKX than usual: you sell high and buy low, +$14 on $10k if it goes back to its 7-day average of −0.049%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX GRASS-USDT-SWAP	0.4272	0.0100	pay 0.0050% / 4h	1h 27m	$3.1M	$10.0M	20x
Short	Bitget GRASSUSDT	0.4276	0.0100	get 0.0050% / 4h	1h 27m	$5.0M	$2.5M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against OKX. 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 OKXbpFee BitgetbpOrdersPrice spread, now +0.091%Rate

Funding earned: $0
Price spread: +0.091% → −0.049%: $14.05
Slippage, 4 orders: −$85.09
Fee OKX: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$93.04
Costs to cover: 1.071%
Break-even: never at this rate

Slippage from OKX: live order book, 5 min ago; Bitget: live order book, 5 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 OKX live order book, 5 min ago	3.56 bp	23.5 bp −$24	64.3 bp −$643	doesn't fit	doesn't fit
Sell Bitget live order book, 5 min ago	5.71 bp	32.7 bp −$33	119.5 bp −$1,195	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	−0.0114%	1h	0.4216	−1.310%	$633	—	15x	as long as short
Injective GRASS/USDC PERP	+0.0033%	1h	0.4267	−0.117%	$7	$23K	5.5x	as long as short
Bybit GRASSUSDT	+0.0100%	4h	0.4270	−0.047%	$24.1M	$12.7M	25x	as long as short
OKX GRASS-USDT-SWAPlong	+0.0100%	4h	0.4272	long leg	$3.1M	$10.0M	20x
Gate GRASS_USDT	+0.0100%	4h	0.4266	−0.140%	$1.1M	$1.4M	50x	as long as short
Bitget GRASSUSDTshort	+0.0100%	4h	0.4276	+0.091%	$5.0M	$2.5M	75x
Variational Omni GRASS	+0.0100%	4h	0.4216	−1.300%	$2.0M	$1.1M	—	as long as short
KuCoin GRASSUSDTM	+0.0140%	4h	0.4276	+0.094%	$1.5M	$1.1M	50x	as long as short
Binance GRASSUSDT	+0.0190%	4h	0.4271	−0.023%	$10.1M	$20.5M	75x	as long as short
MEXC GRASS_USDT	+0.0196%	4h	0.4271	−0.023%	$1.3M	$1.8M	100x	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	+0.0200%	1h	0.4280	+0.198%	$211K	$823K	10x	as long as short
BloFin GRASS-USDT	+0.0208%	4h	0.4217	−1.287%	$543K	$277K	20x	as long as short
BingX GRASS-USDT	+0.0222%	4h	0.4276	+0.094%	—	$7.2M	—	as long as short
Hyperliquid GRASS	+0.0645%	1h	0.4283	+0.262%	$15.9M	$3.1M	3x	as long as short
Aster GRASSUSDT	+0.1070%	4h	0.4266	−0.152%	$62K	$166K	10x	as long as short
Kraken Futures PF_GRASSUSD	+0.1504%	1h	0.4265	−0.172%	$154K	$98K	20x	as long as short
Lighter GRASS	+0.1656%	1h	0.4289	+0.410%	$750K	$640K	5x	as long as short