Funding arb · Price arb /

GRASS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0820%/8h= +89.8% APRpaid last 24h +0.224%

Price spread now: Aster against Reya−0.117%7-day average — · you buy dearer than you sell

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

Long on Reya Short on Aster

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 · Aster: Stage 5 · farm boardneeds both histories

Funding pays, the price is against you. Aster is 0.117% cheaper against Reya than usual: you would sell low and buy high (spread −0.117% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$12 on $10k: about 11 hours of funding at the current rate (+$25 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya GRASSRUSDPERP	0.4159	−0.0113	get 0.0014% / 1h	25m 22s	$625	—	15x
Short	Aster GRASSUSDT	0.4154	0.0707	get 0.0354% / 4h	25m 22s	$64K	$207K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Reya. 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 ReyabpFee AsterbpOrdersPrice spread, now −0.117%Rate

Funding earned: $172.22
Price spread: −0.117% → 0.000%: −$11.71
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Aster: 4 bp × 2 orders: −$8
Net: $146.51
Costs to cover: 0.140%
Break-even: 1.0 days

Slippage unknown: Reya: no order-book sample; Aster: live order book, 28 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 Reya no order-book sample	—	—	—	—	—
Sell Aster live order book, 28 min ago	10.40 bp	22.8 bp −$23	doesn't fit	doesn't fit	doesn't fit

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 GRASSRUSDPERPlong	−0.0113%	1h	0.4159	long leg	$625	—	15x
Injective GRASS/USDC PERP	+0.0033%	1h	0.4267	+2.608%	$7	$23K	5.5x	as long as short
BloFin GRASS-USDT	+0.0096%	4h	0.4132	−0.638%	$536K	$290K	20x	as long as short
Binance GRASSUSDT	+0.0100%	4h	0.4166	+0.168%	$9.8M	$24.6M	75x	as long as short
Bybit GRASSUSDT	+0.0100%	4h	0.4162	+0.083%	$23.6M	$14.5M	25x	as long as short
OKX GRASS-USDT-SWAP	+0.0100%	4h	0.4164	+0.131%	$3.0M	$12.3M	20x	as long as short
Gate GRASS_USDT	+0.0100%	4h	0.4157	−0.037%	$1.1M	$1.5M	50x	as long as short
MEXC GRASS_USDT	+0.0100%	4h	0.4165	+0.156%	$1.2M	$2.1M	100x	as long as short
Bitget GRASSUSDT	+0.0100%	4h	0.4154	−0.099%	$4.9M	$2.8M	75x	as long as short
BingX GRASS-USDT	+0.0100%	4h	0.4161	+0.059%	—	$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	0.4151	−0.193%	$2.0M	$1.2M	—	as long as short
Extended GRASS-USD	+0.0104%	1h	0.4158	−0.024%	$205K	$823K	10x	as long as short
KuCoin GRASSUSDTM	+0.0162%	4h	0.4162	+0.083%	$1.3M	$1.3M	50x	as long as short
Hyperliquid GRASS	+0.0201%	1h	0.4165	+0.156%	$15.5M	$3.6M	3x	as long as short
Aster GRASSUSDTshort	+0.0707%	4h	0.4154	−0.117%	$64K	$207K	10x
Kraken Futures PF_GRASSUSD	+0.1406%	1h	0.4152	−0.168%	$147K	$124K	20x	as long as short
Lighter GRASS	+0.2552%	1h	0.4179	+0.487%	$816K	$768K	5x	as long as short