Funding arb · Price arb /

GRASS

all GRASS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Binance against Bybit+0.151%7-day average +0.178% · you sell dearer than you buy

Net, funding: paid 7d − costs−$61as in the Funding arb table

Net, price: spread back to 7d avg − costs−$69as in the Price arb table

costs, in and out, $10k−$670.667% of the position

Long on Bybit Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.056%+$6 on $10k

Price spread, last 7 days+0.069%+$7 · spread now +0.151%, 7d avg +0.178%

Together, before fees+0.124%+$12 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 0.027% cheaper against Bybit than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.178%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit GRASSUSDT	0.4628	0.0100	pay 0.0050% / 4h	2h 20m	$26.8M	$23.4M	25x
Short	Binance GRASSUSDT	0.4635	0.0100	get 0.0050% / 4h	2h 20m	$11.2M	$45.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Bybit. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 BybitbpFee BinancebpOrdersPrice spread, now +0.151%Rate

Funding earned: $0
Price spread: +0.151% → +0.178%: −$2.7
Slippage, 4 orders: −$45.74
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Binance: 5 bp × 2 orders: −$10
Net: −$69.44
Costs to cover: 0.667%
Break-even: never at this rate

Slippage from Bybit: live order book, 1 min ago; Binance: live order book, 15 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 Bybit live order book, 1 min ago	1.08 bp	14.6 bp −$15	39.2 bp −$392	doesn't fit	doesn't fit
Sell Binance live order book, 15 min ago	3.28 bp	15.2 bp −$15	52.7 bp −$527	342.4 bp −$34.2K	doesn't fit

GRASS on 17 exchanges

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	−0.0106%	1h	0.4630	+0.049%	$696	—	15x	as long as short
Injective GRASS/USDC PERP	+0.0033%	1h	0.4267	−7.800%	$7	$23K	5.5x	as long as short
BloFin GRASS-USDT	+0.0072%	4h	0.4627	−0.022%	$589K	$497K	20x	as long as short
Hyperliquid GRASS	+0.0100%	1h	0.4631	+0.071%	$17.7M	$5.2M	3x	as long as short
Binance GRASSUSDTshort	+0.0100%	4h	0.4635	+0.151%	$11.2M	$45.3M	75x
Bybit GRASSUSDTlong	+0.0100%	4h	0.4628	long leg	$26.8M	$23.4M	25x
OKX GRASS-USDT-SWAP	+0.0100%	4h	0.4632	+0.086%	$3.6M	$25.8M	20x	as long as short
Gate GRASS_USDT	+0.0100%	4h	0.4623	−0.108%	$1.3M	$2.1M	50x	as long as short
MEXC GRASS_USDT	+0.0100%	4h	0.4633	+0.108%	$2.0M	$3.5M	100x	as long as short
KuCoin GRASSUSDTM	+0.0100%	4h	0.4629	+0.022%	$1.4M	$2.5M	50x	as long as short

Show all 17 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget GRASSUSDT	+0.0100%	4h	0.4628	−0.004%	$5.4M	$4.7M	75x	as long as short
BingX GRASS-USDT	+0.0100%	4h	0.4623	−0.108%	—	$7.5M	—	as long as short
Variational Omni GRASS	+0.0100%	4h	0.4621	−0.161%	$2.3M	$1.5M	—	as long as short
Extended GRASS-USD	+0.0104%	1h	0.4628	+0.002%	$229K	$1.3M	10x	as long as short
Aster GRASSUSDT	+0.0353%	4h	0.4628	0.000%	$85K	$384K	10x	as long as short
Lighter GRASS	+0.0840%	1h	0.4648	+0.432%	$901K	$1.1M	5x	as long as short
Kraken Futures PF_GRASSUSD	+0.0863%	1h	0.4631	+0.054%	$168K	$173K	20x	as long as short