Funding arb · Price arb /

GRASS

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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: Bitget against Bybit+0.161%7-day average +0.038% · you sell dearer than you buy

Net, funding: paid 7d − costs−$78as in the Funding arb table

Net, price: spread back to 7d avg − costs−$73as in the Price arb table

costs, in and out, $10k−$850.850% of the position

Long on Bybit Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.071%+$7 on $10k

Price spread, last 7 days+0.030%+$3 · spread now +0.161%, 7d avg +0.038%

Together, before fees+0.101%+$10 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 0.124% dearer against Bybit than usual: you sell high and buy low, +$12 on $10k if it goes back to its 7-day average of +0.038%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit GRASSUSDT	0.4533	0.0100	pay 0.0050% / 4h	3h 58m	$26.2M	$21.1M	25x
Short	Bitget GRASSUSDT	0.4541	0.0100	get 0.0050% / 4h	3h 58m	$5.3M	$4.0M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Bybit. 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 BybitbpFee BitgetbpOrdersPrice spread, now +0.161%Rate

Funding earned: $0
Price spread: +0.161% → +0.038%: $12.35
Slippage, 4 orders: −$62.02
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$72.67
Costs to cover: 0.850%
Break-even: never at this rate

Slippage from Bybit: live order book, 5 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 Bybit live order book, 5 min ago	3.32 bp	17.1 bp −$17	44.6 bp −$446	doesn't fit	doesn't fit
Sell Bitget live order book, 5 min ago	6.33 bp	22.2 bp −$22	77.8 bp −$778	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	−0.0107%	1h	0.4531	−0.051%	$681	—	15x	as long as short
Injective GRASS/USDC PERP	+0.0033%	1h	0.4267	−5.878%	$7	$23K	5.5x	as long as short
Binance GRASSUSDT	+0.0100%	4h	0.4532	−0.023%	$10.7M	$38.7M	75x	as long as short
Bybit GRASSUSDTlong	+0.0100%	4h	0.4533	long leg	$26.2M	$21.1M	25x
OKX GRASS-USDT-SWAP	+0.0100%	4h	0.4539	+0.121%	$3.5M	$23.1M	20x	as long as short
MEXC GRASS_USDT	+0.0100%	4h	0.4533	−0.011%	$1.8M	$3.0M	100x	as long as short
KuCoin GRASSUSDTM	+0.0100%	4h	0.4528	−0.121%	$1.3M	$2.1M	50x	as long as short
Bitget GRASSUSDTshort	+0.0100%	4h	0.4541	+0.161%	$5.3M	$4.0M	75x
BingX GRASS-USDT	+0.0100%	4h	0.4531	−0.055%	—	$7.4M	—	as long as short
Variational Omni GRASS	+0.0100%	4h	0.4500	−0.741%	$2.2M	$1.4M	—	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	0.4529	−0.097%	$224K	$1.3M	10x	as long as short
BloFin GRASS-USDT	+0.0128%	4h	0.4518	−0.342%	$561K	$412K	20x	as long as short
Hyperliquid GRASS	+0.0154%	1h	0.4537	+0.068%	$17.2M	$4.7M	3x	as long as short
Aster GRASSUSDT	+0.0480%	4h	0.4521	−0.276%	$61K	$328K	10x	as long as short
Lighter GRASS	+0.0856%	1h	0.4548	+0.315%	$877K	$1.0M	5x	as long as short
Kraken Futures PF_GRASSUSD	+0.1126%	1h	0.4510	−0.517%	$162K	$162K	20x	as long as short
Gate GRASS_USDT	+0.2100%	4h	0.4531	−0.055%	$1.3M	$1.9M	50x	as long as short