Funding arb · Price arb /

GRASS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0208%/8h= +22.8% APRpaid last 24h +0.066%

Price spread now: KuCoin against Reya−0.020%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 KuCoin

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 sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$6 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya GRASSRUSDPERP	0.4335	−0.0108	get 0.0014% / 1h	51m 07s	$651	—	15x
Short	KuCoin GRASSUSDTM	0.4334	0.0100	get 0.0050% / 4h	1h 51m	$1.3M	$1.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.020%Rate

Funding earned: $43.75
Price spread: −0.020% → 0.000%: −$1.98
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee KuCoin: 6 bp × 2 orders: −$12
Net: $23.76
Costs to cover: 0.180%
Break-even: 3.2 days

Slippage unknown: Reya: no order-book sample; KuCoin: live order book, 5 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 KuCoin live order book, 5 min ago	5.65 bp	36.1 bp −$36	262.8 bp −$2,628	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	−0.0108%	1h	0.4335	long leg	$651	—	15x
Injective GRASS/USDC PERP	+0.0033%	1h	0.4267	−1.565%	$7	$23K	5.5x	as long as short
BloFin GRASS-USDT	+0.0099%	4h	0.4347	+0.280%	$546K	$373K	20x	as long as short
Binance GRASSUSDT	+0.0100%	4h	0.4335	−0.006%	$10.2M	$35.4M	75x	as long as short
Bybit GRASSUSDT	+0.0100%	4h	0.4336	+0.038%	$24.7M	$19.5M	25x	as long as short
OKX GRASS-USDT-SWAP	+0.0100%	4h	0.4341	+0.142%	$3.4M	$20.1M	20x	as long as short
Gate GRASS_USDT	+0.0100%	4h	0.4336	+0.026%	$1.2M	$1.8M	50x	as long as short
MEXC GRASS_USDT	+0.0100%	4h	0.4340	+0.119%	$1.5M	$2.8M	100x	as long as short
KuCoin GRASSUSDTMshort	+0.0100%	4h	0.4334	−0.020%	$1.3M	$1.9M	50x
Bitget GRASSUSDT	+0.0100%	4h	0.4335	+0.003%	$5.1M	$3.7M	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	0.4340	+0.119%	—	$7.4M	—	as long as short
Variational Omni GRASS	+0.0100%	4h	0.4416	+1.866%	$2.2M	$1.4M	—	as long as short
Extended GRASS-USD	+0.0104%	1h	0.4340	+0.126%	$214K	$773K	10x	as long as short
Hyperliquid GRASS	+0.0294%	1h	0.4344	+0.215%	$16.5M	$4.4M	3x	as long as short
Aster GRASSUSDT	+0.0393%	4h	0.4335	+0.001%	$62K	$302K	10x	as long as short
Kraken Futures PF_GRASSUSD	+0.0594%	1h	0.4346	+0.268%	$156K	$152K	20x	as long as short
Lighter GRASS	+0.1624%	1h	0.4360	+0.589%	$841K	$975K	5x	as long as short