Funding arb · Price arb /

GRASS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0382%/8h= +41.8% APRpaid last 24h +0.073%

Price spread now: BloFin against Reya−0.518%106s7-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 BloFin

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

Funding pays, the price is against you. BloFin is 0.518% cheaper against Reya than usual: you would sell low and buy high (spread −0.518% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$52 on $10k: about 4.5 days of funding at the current rate (+$11 a day). The two prices were read 106 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya GRASSRUSDPERP	0.4237	−0.0114	get 0.0014% / 1h	45m 26s	$637	—	15x
Short	BloFin GRASS-USDT	0.4215	0.0268	get 0.0134% / 4h	1h 45m	$575K	$268K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Reya. 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 ReyabpFee BloFinbpOrdersPrice spread, now −0.518%Rate

Funding earned: $80.2
Price spread: −0.518% → 0.000%: −$51.78
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee BloFin: 6 bp × 2 orders: −$12
Net: $10.43
Costs to cover: 0.180%
Break-even: 6.1 days

Slippage unknown: Reya: no order-book sample; BloFin: live order book, 36 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 BloFin live order book, 36 min ago	3.34 bp	19.4 bp −$19	31.9 bp −$319	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	−0.0114%	1h	0.4237	long leg	$637	—	15x
Injective GRASS/USDC PERP	+0.0033%	1h	0.4267	+0.710%	$7	$23K	5.5x	as long as short
Bybit GRASSUSDT	+0.0100%	4h	0.4233	−0.105%	$23.9M	$12.2M	25x	as long as short
OKX GRASS-USDT-SWAP	+0.0100%	4h	0.4232	−0.117%	$3.0M	$9.4M	20x	as long as short
Gate GRASS_USDT	+0.0100%	4h	0.4230	−0.164%	$1.1M	$1.4M	50x	as long as short
Bitget GRASSUSDT	+0.0100%	4h	0.4233	−0.102%	$5.0M	$2.4M	75x	as long as short
Variational Omni GRASS	+0.0100%	4h	0.4234	−0.067%	$2.0M	$1.1M	—	as long as short
KuCoin GRASSUSDTM	+0.0138%	4h	0.4234	−0.069%	$1.4M	$1.1M	50x	as long as short
BloFin GRASS-USDTshort	+0.0268%	4h	0.4215	−0.518%	$575K	$268K	20x
Extended GRASS-USD	+0.0280%	1h	0.4237	0.000%	$208K	$823K	10x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC GRASS_USDT	+0.0282%	4h	0.4236	−0.022%	$1.3M	$1.6M	100x	as long as short
Binance GRASSUSDT	+0.0282%	4h	0.4235	−0.046%	$10.2M	$19.4M	75x	as long as short
BingX GRASS-USDT	+0.0323%	4h	0.4233	−0.093%	—	$7.2M	—	as long as short
Hyperliquid GRASS	+0.0705%	1h	0.4247	+0.235%	$15.7M	$3.0M	3x	as long as short
Aster GRASSUSDT	+0.1212%	4h	0.4229	−0.189%	$60K	$159K	10x	as long as short
Lighter GRASS	+0.1424%	1h	0.4242	+0.110%	$741K	$640K	5x	as long as short
Kraken Futures PF_GRASSUSD	+0.1525%	1h	0.4206	−0.724%	$155K	$95K	20x	as long as short