Funding arb · Price arb /

GRASS

all GRASS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0209%/8h= −22.9% APRpaid last 24h −0.065%

Price spread now: Reya against Variational Omni+0.418%7-day average — · you sell dearer than you buy

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

Long on Variational Omni 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 airdropVariational Omni: Active · Reya: Active · farm boardneeds both histories

The price spread pays, funding is against you. Reya is 0.418% dearer against Variational Omni than usual: you sell high and buy low (spread +0.418% now, against zero (this spread has no 7-day history yet)): +$42 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 6.6 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni GRASS	0.4250	0.0100	pay 0.0050% / 4h	3h 26m	$2.1M	$1.3M	—
Short	Reya GRASSRUSDPERP	0.4267	−0.0109	pay 0.0014% / 1h	26m 28s	$641	—	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against Variational Omni. 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 Variational OmnibpFee ReyabpOrdersPrice spread, now +0.418%Rate

Funding earned: −$43.98
Price spread: +0.418% → 0.000%: $41.75
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Reya: 3 bp × 2 orders: −$6
Net: −$8.23
Costs to cover: 0.060%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 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 Variational Omni RFQ quote, 3 min ago	4.72 bp	doesn't fit	37.7 bp −$377	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	−0.0109%	1h	0.4267	+0.418%	$641	—	15x
Injective GRASS/USDC PERP	+0.0033%	1h	0.4267	+0.406%	$7	$23K	5.5x	as long as short
BloFin GRASS-USDT	+0.0098%	4h	0.4251	+0.029%	$543K	$325K	20x	as long as short
Binance GRASSUSDT	+0.0100%	4h	0.4260	+0.251%	$10.1M	$31.2M	75x	as long as short
Bybit GRASSUSDT	+0.0100%	4h	0.4255	+0.123%	$23.9M	$17.5M	25x	as long as short
OKX GRASS-USDT-SWAP	+0.0100%	4h	0.4267	+0.406%	$3.4M	$17.2M	20x	as long as short
Gate GRASS_USDT	+0.0100%	4h	0.4251	+0.029%	$1.2M	$1.7M	50x	as long as short
MEXC GRASS_USDT	+0.0100%	4h	0.4259	+0.218%	$1.5M	$2.5M	100x	as long as short
KuCoin GRASSUSDTM	+0.0100%	4h	0.4256	+0.147%	$1.2M	$1.8M	50x	as long as short
Bitget GRASSUSDT	+0.0100%	4h	0.4263	+0.319%	$5.0M	$3.3M	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	0.4256	+0.147%	—	$7.3M	—	as long as short
Variational Omni GRASSlong	+0.0100%	4h	0.4250	long leg	$2.1M	$1.3M	—
Extended GRASS-USD	+0.0104%	1h	0.4255	+0.120%	$213K	$890K	10x	as long as short
Kraken Futures PF_GRASSUSD	+0.0330%	1h	0.4255	+0.115%	$153K	$142K	20x	as long as short
Hyperliquid GRASS	+0.0355%	1h	0.4273	+0.545%	$16.2M	$4.1M	3x	as long as short
Aster GRASSUSDT	+0.0362%	4h	0.4253	+0.076%	$57K	$245K	10x	as long as short
Lighter GRASS	+0.1312%	1h	0.4274	+0.563%	$831K	$971K	5x	as long as short