Funding arb · Price arb /

GRASS

all GRASS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0469%/8h= +51.4% APRpaid last 24h +0.038%

Price spread now: Lighter against Aster+0.589%7-day average +0.063% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$81as in the Price arb table

costs, in and out, $10k−$1331.331% of the position

Long on Aster Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)+0.467%+$47 on $10k

Price spread, last 4 days (all we have)−0.476%−$48 · spread now +0.589%, 7d avg +0.063%

Together, before fees−0.009%+ Points / potential airdropAster: Stage 5 · Lighter: Season 3 · farm board−$1 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$14 a day on $10k at the current rate, and Lighter is 0.526% dearer against Aster than usual: you sell high and buy low: +$53 more if the spread goes back to its 7-day average of +0.063%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster GRASSUSDT	0.4203	0.1091	pay 0.0545% / 4h	1h 31m	$62K	$165K	10x
Short	Lighter GRASS	0.4228	0.1560	get 0.0195% / 1h	31m 27s	$739K	$640K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Aster. 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 AsterbpFee LighterbpOrdersPrice spread, now +0.589%Rate

Funding earned: $98.56
Price spread: +0.589% → +0.063%: $52.61
Slippage, 4 orders: −$125.12
Fee Aster: 4 bp × 2 orders: −$8
Fee Lighter: 0 bp × 2 orders: $0
Net: $18.05
Costs to cover: 1.331%
Break-even: 5.7 days

Slippage from Aster: live order book, 27 min ago; Lighter: live order book, 48 min ago.

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 Aster live order book, 27 min ago	7.84 bp	18.1 bp −$18	doesn't fit	doesn't fit	doesn't fit
Sell Lighter live order book, 48 min ago	0.11 bp	4.1 bp −$4	102.0 bp −$1,020	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	−0.0114%	1h	0.4216	+0.307%	$634	—	15x	as long as short
Injective GRASS/USDC PERP	+0.0033%	1h	0.4267	+1.514%	$7	$23K	5.5x	as long as short
Bybit GRASSUSDT	+0.0100%	4h	0.4215	+0.289%	$23.8M	$12.6M	25x	as long as short
OKX GRASS-USDT-SWAP	+0.0100%	4h	0.4218	+0.349%	$3.0M	$9.8M	20x	as long as short
Gate GRASS_USDT	+0.0100%	4h	0.4206	+0.063%	$1.1M	$1.4M	50x	as long as short
Bitget GRASSUSDT	+0.0100%	4h	0.4211	+0.187%	$4.9M	$2.5M	75x	as long as short
Variational Omni GRASS	+0.0100%	4h	0.4213	+0.230%	$2.0M	$1.1M	—	as long as short
KuCoin GRASSUSDTM	+0.0138%	4h	0.4215	+0.277%	$1.4M	$1.1M	50x	as long as short
Binance GRASSUSDT	+0.0208%	4h	0.4217	+0.328%	$10.0M	$20.3M	75x	as long as short
MEXC GRASS_USDT	+0.0212%	4h	0.4217	+0.325%	$1.3M	$1.7M	100x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended GRASS-USD	+0.0216%	1h	0.4211	+0.177%	$208K	$823K	10x	as long as short
BloFin GRASS-USDT	+0.0223%	4h	0.4209	+0.135%	$553K	$276K	20x	as long as short
BingX GRASS-USDT	+0.0246%	4h	0.4213	+0.230%	—	$7.2M	—	as long as short
Hyperliquid GRASS	+0.0632%	1h	0.4223	+0.456%	$15.6M	$3.1M	3x	as long as short
Aster GRASSUSDTlong	+0.1091%	4h	0.4203	long leg	$62K	$165K	10x
Kraken Futures PF_GRASSUSD	+0.1520%	1h	0.4219	+0.383%	$152K	$98K	20x	as long as short
Lighter GRASSshort	+0.1560%	1h	0.4228	+0.589%	$739K	$640K	5x