Funding arb · Price arb /

GRASS

all GRASS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0191%/8h= −20.9% APRpaid last 24h −0.071%

Price spread now: Reya against BloFin−0.516%7-day average — · you buy dearer than you sell

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

Long on BloFin 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 airdropReya: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Reya is 0.516% cheaper against BloFin than usual: you would sell low and buy high (−$52 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	BloFin GRASS-USDT	0.4492	0.0082	pay 0.0041% / 4h	2h 48m	$567K	$355K	20x
Short	Reya GRASSRUSDPERP	0.4469	−0.0109	pay 0.0014% / 1h	48m 45s	$671	—	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against BloFin. 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 BloFinbpFee ReyabpOrdersPrice spread, now −0.516%Rate

Funding earned: −$40.03
Price spread: −0.516% → 0.000%: −$51.59
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Reya: 3 bp × 2 orders: −$6
Net: −$109.61
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: BloFin: live order book, 42 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 BloFin live order book, 42 min ago	4.71 bp	18.5 bp −$18	40.4 bp −$404	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	−0.0109%	1h	0.4469	−0.516%	$671	—	15x
Injective GRASS/USDC PERP	+0.0033%	1h	0.4267	−5.009%	$7	$23K	5.5x	as long as short
BloFin GRASS-USDTlong	+0.0082%	4h	0.4492	long leg	$567K	$355K	20x
Binance GRASSUSDT	+0.0100%	4h	0.4451	−0.922%	$10.6M	$32.7M	75x	as long as short
Bybit GRASSUSDT	+0.0100%	4h	0.4439	−1.171%	$25.1M	$18.2M	25x	as long as short
OKX GRASS-USDT-SWAP	+0.0100%	4h	0.4441	−1.135%	$3.5M	$19.0M	20x	as long as short
Gate GRASS_USDT	+0.0100%	4h	0.4446	−1.024%	$1.3M	$1.7M	50x	as long as short
MEXC GRASS_USDT	+0.0100%	4h	0.4449	−0.957%	$1.6M	$2.7M	100x	as long as short
KuCoin GRASSUSDTM	+0.0100%	4h	0.4475	−0.378%	$1.4M	$1.8M	50x	as long as short
Bitget GRASSUSDT	+0.0100%	4h	0.4440	−1.155%	$5.2M	$3.5M	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-USDT	+0.0100%	4h	0.4443	−1.091%	—	$7.3M	—	as long as short
Variational Omni GRASS	+0.0100%	4h	0.4478	−0.307%	$2.3M	$1.3M	—	as long as short
Extended GRASS-USD	+0.0104%	1h	0.4437	−1.218%	$220K	$772K	10x	as long as short
Hyperliquid GRASS	+0.0268%	1h	0.4450	−0.937%	$16.9M	$4.2M	3x	as long as short
Aster GRASSUSDT	+0.0485%	4h	0.4452	−0.887%	$62K	$267K	10x	as long as short
Kraken Futures PF_GRASSUSD	+0.1434%	1h	0.4471	−0.473%	$161K	$145K	20x	as long as short
Lighter GRASS	+0.1880%	1h	0.4456	−0.799%	$866K	$966K	5x	as long as short