Funding arb · Price arb /

GRASS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0602%/8h= −65.9% APRpaid last 24h −0.224%

Price spread now: Reya against Aster−0.148%7-day average — · you buy dearer than you sell

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

Long on Aster 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 airdropAster: Stage 5 · Reya: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$18 a day on $10k at the current rate, and Reya is 0.148% cheaper against Aster than usual: you would sell low and buy high (−$15 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster GRASSUSDT	0.4230	0.0492	pay 0.0246% / 4h	40m 54s	$66K	$233K	10x
Short	Reya GRASSRUSDPERP	0.4223	−0.0110	pay 0.0014% / 1h	40m 54s	$635	—	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya 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 ReyabpOrdersPrice spread, now −0.148%Rate

Funding earned: −$126.45
Price spread: −0.148% → 0.000%: −$14.84
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Reya: 3 bp × 2 orders: −$6
Net: −$155.29
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Aster: live order book, 57 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 Aster live order book, 57 min ago	8.30 bp	25.2 bp −$25	doesn't fit	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	−0.0110%	1h	0.4223	−0.148%	$635	—	15x
Injective GRASS/USDC PERP	+0.0033%	1h	0.4267	+0.885%	$7	$23K	5.5x	as long as short
BloFin GRASS-USDT	+0.0095%	4h	0.4234	+0.104%	$551K	$309K	20x	as long as short
Hyperliquid GRASS	+0.0100%	1h	0.4239	+0.223%	$16.0M	$4.0M	3x	as long as short
Binance GRASSUSDT	+0.0100%	4h	0.4234	+0.096%	$10.1M	$30.1M	75x	as long as short
Bybit GRASSUSDT	+0.0100%	4h	0.4230	+0.010%	$23.7M	$17.2M	25x	as long as short
OKX GRASS-USDT-SWAP	+0.0100%	4h	0.4229	−0.014%	$3.3M	$16.2M	20x	as long as short
Gate GRASS_USDT	+0.0100%	4h	0.4228	−0.037%	$1.2M	$1.6M	50x	as long as short
MEXC GRASS_USDT	+0.0100%	4h	0.4233	+0.081%	$1.3M	$2.4M	100x	as long as short
KuCoin GRASSUSDTM	+0.0100%	4h	0.4230	+0.010%	$1.2M	$1.7M	50x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget GRASSUSDT	+0.0100%	4h	0.4235	+0.128%	$4.9M	$3.3M	75x	as long as short
BingX GRASS-USDT	+0.0100%	4h	0.4231	+0.033%	—	$7.3M	—	as long as short
Variational Omni GRASS	+0.0100%	4h	0.4225	−0.103%	$2.1M	$1.3M	—	as long as short
Extended GRASS-USD	+0.0104%	1h	0.4230	+0.008%	$210K	$898K	10x	as long as short
Aster GRASSUSDTlong	+0.0492%	4h	0.4230	long leg	$66K	$233K	10x
Kraken Futures PF_GRASSUSD	+0.0797%	1h	0.4226	−0.092%	$152K	$132K	20x	as long as short
Lighter GRASS	+0.2168%	1h	0.4246	+0.393%	$908K	$882K	5x	as long as short