Funding arb · Price arb /

GRASS

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Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: Bybit against Bitget+0.014%7-day average −0.040% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$90as in the Price arb table

costs, in and out, $10k−$950.953% of the position

Long on Bitget Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.086%−$9 on $10k

Price spread, last 7 days−0.085%−$8 · spread now +0.014%, 7d avg −0.040%

Together, before fees−0.171%−$17 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: Bybit is 0.054% dearer against Bitget than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.040%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget GRASSUSDT	0.4148	0.0100	pay 0.0050% / 4h	4m 16s	$4.9M	$2.8M	75x
Short	Bybit GRASSUSDT	0.4148	0.0100	get 0.0050% / 4h	4m 16s	$23.4M	$14.7M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Bitget. 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 BitgetbpFee BybitbpOrdersPrice spread, now +0.014%Rate

Funding earned: $0
Price spread: +0.014% → −0.040%: $5.44
Slippage, 4 orders: −$72.26
Fee Bitget: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$89.82
Costs to cover: 0.953%
Break-even: never at this rate

Slippage from Bitget: live order book, 4 min ago; Bybit: live order book, 4 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 Bitget live order book, 4 min ago	10.07 bp	26.5 bp −$26	72.6 bp −$726	doesn't fit	doesn't fit
Sell Bybit live order book, 4 min ago	3.61 bp	20.4 bp −$20	48.6 bp −$486	401.7 bp −$40.2K	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	−0.0113%	1h	0.4150	+0.043%	$624	—	15x	as long as short
Injective GRASS/USDC PERP	+0.0033%	1h	0.4267	+2.871%	$7	$23K	5.5x	as long as short
Binance GRASSUSDT	+0.0100%	4h	0.4153	+0.132%	$9.8M	$25.1M	75x	as long as short
Bybit GRASSUSDTshort	+0.0100%	4h	0.4148	+0.014%	$23.4M	$14.7M	25x
OKX GRASS-USDT-SWAP	+0.0100%	4h	0.4150	+0.051%	$3.0M	$12.7M	20x	as long as short
Gate GRASS_USDT	+0.0100%	4h	0.4148	+0.002%	$1.1M	$1.5M	50x	as long as short
MEXC GRASS_USDT	+0.0100%	4h	0.4155	+0.171%	$1.1M	$2.2M	100x	as long as short
Bitget GRASSUSDTlong	+0.0100%	4h	0.4148	long leg	$4.9M	$2.8M	75x
BingX GRASS-USDT	+0.0100%	4h	0.4150	+0.051%	—	$7.3M	—	as long as short
Variational Omni GRASS	+0.0100%	4h	0.4160	+0.302%	$2.0M	$1.2M	—	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	+0.0104%	1h	0.4149	+0.031%	$205K	$823K	10x	as long as short
BloFin GRASS-USDT	+0.0123%	4h	0.4173	+0.605%	$522K	$297K	20x	as long as short
KuCoin GRASSUSDTM	+0.0124%	4h	0.4152	+0.099%	$1.3M	$1.3M	50x	as long as short
Hyperliquid GRASS	+0.0331%	1h	0.4157	+0.227%	$15.5M	$3.6M	3x	as long as short
Aster GRASSUSDT	+0.0637%	4h	0.4156	+0.194%	$64K	$208K	10x	as long as short
Kraken Futures PF_GRASSUSD	+0.1405%	1h	0.4152	+0.089%	$147K	$124K	20x	as long as short
Lighter GRASS	+0.2608%	1h	0.4170	+0.526%	$814K	$774K	5x	as long as short