Funding arb · Price arb /

GRASS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Binance against BingX+0.067%7-day average +0.093% · you sell dearer than you buy

Net, funding: paid 7d − costs−$87as in the Funding arb table

Net, price: spread back to 7d avg − costs−$89as in the Price arb table

costs, in and out, $10k−$870.869% of the position

Long on BingX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 7 days+0.067%+$7 · spread now +0.067%, 7d avg +0.093%

Together, before fees+0.067%+$7 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.025% cheaper against BingX than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.093%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX GRASS-USDT	0.4459	0.0100	pay 0.0050% / 4h	2h 55m	—	$7.3M	—
Short	Binance GRASSUSDT	0.4462	0.0100	get 0.0050% / 4h	2h 55m	$10.6M	$32.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against BingX. 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 BingXbpFee BinancebpOrdersPrice spread, now +0.067%Rate

Funding earned: $0
Price spread: +0.067% → +0.093%: −$2.52
Slippage, 4 orders: −$66.86
Fee BingX: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$89.38
Costs to cover: 0.869%
Break-even: never at this rate

Slippage from BingX: live order book, 2 min ago; Binance: live order book, 1 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 BingX live order book, 2 min ago	2.24 bp	24.3 bp −$24	45.1 bp −$451	299.8 bp −$30.0K	600.5 bp −$300.2K
Sell Binance live order book, 1 min ago	3.36 bp	20.7 bp −$21	35.4 bp −$354	300.3 bp −$30.0K	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	−0.0109%	1h	0.4463	+0.091%	$671	—	15x	as long as short
Injective GRASS/USDC PERP	+0.0033%	1h	0.4267	−4.306%	$7	$23K	5.5x	as long as short
BloFin GRASS-USDT	+0.0050%	4h	0.4461	+0.045%	$563K	$351K	20x	as long as short
Binance GRASSUSDTshort	+0.0100%	4h	0.4462	+0.067%	$10.6M	$32.3M	75x
Bybit GRASSUSDT	+0.0100%	4h	0.4458	−0.013%	$25.1M	$18.0M	25x	as long as short
OKX GRASS-USDT-SWAP	+0.0100%	4h	0.4458	−0.022%	$3.5M	$18.9M	20x	as long as short
Gate GRASS_USDT	+0.0100%	4h	0.4461	+0.045%	$1.3M	$1.7M	50x	as long as short
MEXC GRASS_USDT	+0.0100%	4h	0.4466	+0.157%	$1.6M	$2.6M	100x	as long as short
KuCoin GRASSUSDTM	+0.0100%	4h	0.4469	+0.224%	$1.4M	$1.8M	50x	as long as short
Bitget GRASSUSDT	+0.0100%	4h	0.4459	−0.011%	$5.2M	$3.4M	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-USDTlong	+0.0100%	4h	0.4459	long leg	—	$7.3M	—
Variational Omni GRASS	+0.0100%	4h	0.4460	+0.027%	$2.2M	$1.3M	—	as long as short
Extended GRASS-USD	+0.0104%	1h	0.4458	−0.028%	$222K	$772K	10x	as long as short
Hyperliquid GRASS	+0.0168%	1h	0.4471	+0.258%	$17.0M	$4.2M	3x	as long as short
Aster GRASSUSDT	+0.0470%	4h	0.4462	+0.077%	$63K	$252K	10x	as long as short
Kraken Futures PF_GRASSUSD	+0.1436%	1h	0.4467	+0.173%	$161K	$145K	20x	as long as short
Lighter GRASS	+0.1808%	1h	0.4481	+0.493%	$871K	$966K	5x	as long as short