Funding arb · Price arb /

GRASS

all GRASS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.1132%/8h= +124.0% APRpaid last 24h +0.345%

Price spread now: Lighter against OKX+0.477%7-day average +0.116% · you sell dearer than you buy

Net, funding: paid 7d − costs−$49as in the Funding arb table

Net, price: spread back to 7d avg − costs−$105as in the Price arb table

costs, in and out, $10k−$1411.407% of the position

Long on OKX Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.919%+$92 on $10k

Price spread, last 4 days (all we have)−0.370%−$37 · spread now +0.477%, 7d avg +0.116%

Together, before fees+0.549%+ Points / potential airdropLighter: Season 3 · farm board+$55 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$34 a day on $10k at the current rate, and Lighter is 0.361% dearer against OKX than usual: you sell high and buy low: +$36 more if the spread goes back to its 7-day average of +0.116%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX GRASS-USDT-SWAP	0.4423	0.0100	pay 0.0050% / 4h	59m 56s	$3.4M	$21.2M	20x
Short	Lighter GRASS	0.4444	0.1232	get 0.0154% / 1h	59m 56s	$857K	$997K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now +0.477%Rate

Funding earned: $237.72
Price spread: +0.477% → +0.116%: $36.07
Slippage, 4 orders: −$130.68
Fee OKX: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: $133.11
Costs to cover: 1.407%
Break-even: 3.1 days

Slippage from OKX: live order book, 4 min ago; Lighter: live order book, 40 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, 4 min ago	4.52 bp	17.6 bp −$18	52.4 bp −$524	doesn't fit	doesn't fit
Sell Lighter live order book, 40 min ago	48.31 bp	50.3 bp −$50	148.3 bp −$1,483	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	−0.0108%	1h	0.4424	+0.030%	$665	—	15x	as long as short
Injective GRASS/USDC PERP	+0.0033%	1h	0.4267	−3.527%	$7	$23K	5.5x	as long as short
Binance GRASSUSDT	+0.0100%	4h	0.4432	+0.206%	$10.4M	$36.6M	75x	as long as short
Bybit GRASSUSDT	+0.0100%	4h	0.4424	+0.018%	$25.4M	$20.3M	25x	as long as short
OKX GRASS-USDT-SWAPlong	+0.0100%	4h	0.4423	long leg	$3.4M	$21.2M	20x
Gate GRASS_USDT	+0.0100%	4h	0.4420	−0.068%	$1.3M	$1.9M	50x	as long as short
MEXC GRASS_USDT	+0.0100%	4h	0.4430	+0.158%	$1.5M	$2.9M	100x	as long as short
KuCoin GRASSUSDTM	+0.0100%	4h	0.4422	−0.023%	$1.3M	$2.0M	50x	as long as short
Bitget GRASSUSDT	+0.0100%	4h	0.4420	−0.077%	$5.1M	$3.8M	75x	as long as short
BingX GRASS-USDT	+0.0100%	4h	0.4431	+0.181%	—	$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	0.4426	+0.062%	$2.2M	$1.4M	—	as long as short
Extended GRASS-USD	+0.0104%	1h	0.4423	−0.005%	$218K	$1.3M	10x	as long as short
BloFin GRASS-USDT	+0.0107%	4h	0.4426	+0.068%	$553K	$390K	20x	as long as short
Aster GRASSUSDT	+0.0384%	4h	0.4428	+0.119%	$68K	$315K	10x	as long as short
Hyperliquid GRASS	+0.0425%	1h	0.4432	+0.213%	$16.9M	$4.6M	3x	as long as short
Kraken Futures PF_GRASSUSD	+0.0583%	1h	0.4427	+0.085%	$160K	$152K	20x	as long as short
Lighter GRASSshort	+0.1232%	1h	0.4444	+0.477%	$857K	$997K	5x