Funding arb · Price arb /

GRASS

all GRASS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0212%/8h= −23.3% APRpaid last 24h −0.066%

Price spread now: Reya against OKX+0.395%7-day average — · you sell dearer than you buy

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

Long on OKX 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 airdropReya: Active · farm boardneeds both histories

The price spread pays, funding is against you. Reya is 0.395% dearer against OKX than usual: you sell high and buy low (spread +0.395% now, against zero (this spread has no 7-day history yet)): +$39 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 6.2 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX GRASS-USDT-SWAP	0.4156	0.0100	pay 0.0050% / 4h	3h 49m	$3.1M	$13.1M	20x
Short	Reya GRASSRUSDPERP	0.4172	−0.0112	pay 0.0014% / 1h	49m 49s	$627	—	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya 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 ReyabpOrdersPrice spread, now +0.395%Rate

Funding earned: −$44.62
Price spread: +0.395% → 0.000%: $39.45
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee Reya: 3 bp × 2 orders: −$6
Net: −$21.17
Costs to cover: 0.160%
Break-even: from the start

Slippage unknown: OKX: live order book, 3 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 OKX live order book, 3 min ago	4.82 bp	23.1 bp −$23	64.3 bp −$643	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	−0.0112%	1h	0.4172	+0.395%	$627	—	15x
Injective GRASS/USDC PERP	+0.0033%	1h	0.4267	+2.671%	$7	$23K	5.5x	as long as short
BloFin GRASS-USDT	+0.0091%	4h	0.4134	−0.529%	$520K	$297K	20x	as long as short
Binance GRASSUSDT	+0.0100%	4h	0.4158	+0.059%	$9.8M	$25.9M	75x	as long as short
Bybit GRASSUSDT	+0.0100%	4h	0.4156	0.000%	$23.6M	$15.0M	25x	as long as short
OKX GRASS-USDT-SWAPlong	+0.0100%	4h	0.4156	long leg	$3.1M	$13.1M	20x
Gate GRASS_USDT	+0.0100%	4h	0.4151	−0.120%	$1.1M	$1.5M	50x	as long as short
MEXC GRASS_USDT	+0.0100%	4h	0.4157	+0.024%	$1.2M	$2.2M	100x	as long as short
Bitget GRASSUSDT	+0.0100%	4h	0.4153	−0.077%	$4.8M	$2.9M	75x	as long as short
BingX GRASS-USDT	+0.0100%	4h	0.4154	−0.048%	—	$7.3M	—	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	0.4127	−0.701%	$2.0M	$1.2M	—	as long as short
Extended GRASS-USD	+0.0104%	1h	0.4152	−0.093%	$205K	$878K	10x	as long as short
KuCoin GRASSUSDTM	+0.0126%	4h	0.4157	+0.024%	$1.3M	$1.4M	50x	as long as short
Kraken Futures PF_GRASSUSD	+0.0281%	1h	0.4156	+0.005%	$147K	$125K	20x	as long as short
Aster GRASSUSDT	+0.0555%	4h	0.4163	+0.168%	$65K	$210K	10x	as long as short
Hyperliquid GRASS	+0.0579%	1h	0.4163	+0.156%	$15.5M	$3.7M	3x	as long as short
Lighter GRASS	+0.1976%	1h	0.4172	+0.378%	$814K	$780K	5x	as long as short