Funding arb · Price arb /

GRASS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Variational Omni against OKX−0.175%7-day average −0.102% · you buy dearer than you sell

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

Long on OKX Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)0.000%$0 on $10k

Price spread, last 7 days+0.066%+$7 · spread now −0.175%, 7d avg −0.102%

Together, before fees+0.066%+ Points / potential airdropVariational Omni: Active · farm board+$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: Variational Omni is 0.073% cheaper against OKX than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of −0.102%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX GRASS-USDT-SWAP	0.4466	0.0100	pay 0.0050% / 4h	21m 53s	$3.5M	$22.4M	20x
Short	Variational Omni GRASS	0.4458	0.0100	get 0.0050% / 4h	21m 53s	$2.2M	$1.4M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against OKX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Variational OmnibpOrdersPrice spread, now −0.175%Rate

Funding earned: $0
Price spread: −0.175% → −0.102%: −$7.33
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$17.33
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: OKX: live order book, 2 min ago; Variational Omni: RFQ quote, 2 min ago. 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, 2 min ago	3.36 bp	18.8 bp −$19	58.8 bp −$588	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 2 min ago	7.84 bp	doesn't fit	30.2 bp −$302	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	−0.0107%	1h	0.4471	+0.102%	$672	—	15x	as long as short
Injective GRASS/USDC PERP	+0.0033%	1h	0.4267	−4.456%	$7	$23K	5.5x	as long as short
BloFin GRASS-USDT	+0.0057%	4h	0.4469	+0.067%	$566K	$398K	20x	as long as short
Binance GRASSUSDT	+0.0100%	4h	0.4470	+0.083%	$10.5M	$38.0M	75x	as long as short
Bybit GRASSUSDT	+0.0100%	4h	0.4468	+0.045%	$25.7M	$20.9M	25x	as long as short
OKX GRASS-USDT-SWAPlong	+0.0100%	4h	0.4466	long leg	$3.5M	$22.4M	20x
Gate GRASS_USDT	+0.0100%	4h	0.4466	0.000%	$1.3M	$1.9M	50x	as long as short
MEXC GRASS_USDT	+0.0100%	4h	0.4471	+0.112%	$1.6M	$2.9M	100x	as long as short
KuCoin GRASSUSDTM	+0.0100%	4h	0.4470	+0.090%	$1.3M	$2.1M	50x	as long as short
Bitget GRASSUSDT	+0.0100%	4h	0.4464	−0.040%	$5.2M	$4.0M	75x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX GRASS-USDT	+0.0100%	4h	0.4469	+0.067%	—	$7.4M	—	as long as short
Variational Omni GRASSshort	+0.0100%	4h	0.4458	−0.175%	$2.2M	$1.4M	—
Extended GRASS-USD	+0.0104%	1h	0.4468	+0.052%	$224K	$1.3M	10x	as long as short
Aster GRASSUSDT	+0.0432%	4h	0.4463	−0.067%	$61K	$329K	10x	as long as short
Hyperliquid GRASS	+0.0511%	1h	0.4474	+0.168%	$17.0M	$4.7M	3x	as long as short
Kraken Futures PF_GRASSUSD	+0.0976%	1h	0.4468	+0.037%	$160K	$162K	20x	as long as short
Lighter GRASS	+0.1216%	1h	0.4486	+0.455%	$865K	$1.0M	5x	as long as short