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: Bitget against BingX−0.141%7-day average −0.049% · you buy dearer than you sell

Net, funding: paid 7d − costs−$104as in the Funding arb table

Net, price: spread back to 7d avg − costs−$113as in the Price arb table

costs, in and out, $10k−$1041.040% of the position

Long on BingX Short on Bitget

What this pair did over the last

the charts below follow

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

Price spread, last 7 days+0.206%+$21 · spread now −0.141%, 7d avg −0.049%

Together, before fees+0.206%+$21 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: Bitget is 0.092% cheaper against BingX than usual: you would sell low and buy high, −$9 on $10k if it goes back to its 7-day average of −0.049%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX GRASS-USDT	0.4479	0.0100	pay 0.0050% / 4h	43m 03s	—	$7.4M	—
Short	Bitget GRASSUSDT	0.4473	0.0100	get 0.0050% / 4h	43m 03s	$5.2M	$3.9M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.141%Rate

Funding earned: $0
Price spread: −0.141% → −0.049%: −$9.16
Slippage, 4 orders: −$82.04
Fee BingX: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$113.21
Costs to cover: 1.040%
Break-even: never at this rate

Slippage from BingX: live order book, 9 min ago; Bitget: live order book, 5 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, 9 min ago	4.55 bp	20.4 bp −$20	44.1 bp −$441	337.8 bp −$33.8K	804.4 bp −$402.2K
Sell Bitget live order book, 5 min ago	7.60 bp	29.8 bp −$30	65.4 bp −$654	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	−0.0108%	1h	0.4476	−0.061%	$673	—	15x	as long as short
Injective GRASS/USDC PERP	+0.0033%	1h	0.4267	−4.733%	$7	$23K	5.5x	as long as short
BloFin GRASS-USDT	+0.0099%	4h	0.4485	+0.134%	$562K	$396K	20x	as long as short
Binance GRASSUSDT	+0.0100%	4h	0.4483	+0.089%	$10.6M	$37.1M	75x	as long as short
Bybit GRASSUSDT	+0.0100%	4h	0.4479	0.000%	$25.7M	$20.4M	25x	as long as short
OKX GRASS-USDT-SWAP	+0.0100%	4h	0.4484	+0.112%	$3.5M	$21.9M	20x	as long as short
Gate GRASS_USDT	+0.0100%	4h	0.4478	−0.022%	$1.3M	$1.9M	50x	as long as short
MEXC GRASS_USDT	+0.0100%	4h	0.4478	−0.022%	$1.5M	$2.9M	100x	as long as short
KuCoin GRASSUSDTM	+0.0100%	4h	0.4483	+0.089%	$1.3M	$2.0M	50x	as long as short
Bitget GRASSUSDTshort	+0.0100%	4h	0.4473	−0.141%	$5.2M	$3.9M	75x

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX GRASS-USDTlong	+0.0100%	4h	0.4479	long leg	—	$7.4M	—
Variational Omni GRASS	+0.0100%	4h	0.4405	−1.660%	$2.2M	$1.4M	—	as long as short
Extended GRASS-USD	+0.0104%	1h	0.4477	−0.044%	$225K	$1.3M	10x	as long as short
Aster GRASSUSDT	+0.0389%	4h	0.4481	+0.048%	$67K	$319K	10x	as long as short
Hyperliquid GRASS	+0.0641%	1h	0.4483	+0.087%	$17.0M	$4.6M	3x	as long as short
Kraken Futures PF_GRASSUSD	+0.0970%	1h	0.4492	+0.282%	$162K	$154K	20x	as long as short
Lighter GRASS	+0.1064%	1h	0.4498	+0.433%	$868K	$1.0M	5x	as long as short