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: Variational Omni against Bybit−0.292%7-day average −0.007% · you buy dearer than you sell

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

Long on Bybit Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)0.000%$0 on $10k

Price spread, last 7 days+0.266%+$27 · spread now −0.292%, 7d avg −0.007%

Together, before fees+0.266%+ Points / potential airdropVariational Omni: Active · farm board+$27 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: Variational Omni is 0.285% cheaper against Bybit than usual: you would sell low and buy high, −$29 on $10k if it goes back to its 7-day average of −0.007%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit GRASSUSDT	0.4314	0.0100	pay 0.0050% / 4h	50m 59s	$24.3M	$13.6M	25x
Short	Variational Omni GRASS	0.4301	0.0100	get 0.0050% / 4h	50m 59s	$2.1M	$1.2M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now −0.292%Rate

Funding earned: $0
Price spread: −0.292% → −0.007%: −$28.5
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$39.5
Costs to cover: 0.110%
Break-even: never at this rate

Slippage unknown: Bybit: live order book, 3 min ago; Variational Omni: RFQ quote, 3 min ago. 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 Bybit live order book, 3 min ago	2.31 bp	19.6 bp −$20	41.4 bp −$414	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 3 min ago	6.96 bp	doesn't fit	48.7 bp −$487	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	−0.0113%	1h	0.4316	+0.040%	$648	—	15x	as long as short
Injective GRASS/USDC PERP	+0.0033%	1h	0.4267	−1.089%	$7	$23K	5.5x	as long as short
Hyperliquid GRASS	+0.0100%	1h	0.4323	+0.216%	$16.1M	$3.5M	3x	as long as short
Bybit GRASSUSDTlong	+0.0100%	4h	0.4314	long leg	$24.3M	$13.6M	25x
OKX GRASS-USDT-SWAP	+0.0100%	4h	0.4317	+0.070%	$3.2M	$11.9M	20x	as long as short
Gate GRASS_USDT	+0.0100%	4h	0.4307	−0.162%	$1.1M	$1.5M	50x	as long as short
Bitget GRASSUSDT	+0.0100%	4h	0.4311	−0.072%	$5.0M	$2.7M	75x	as long as short
Variational Omni GRASSshort	+0.0100%	4h	0.4301	−0.292%	$2.1M	$1.2M	—
BloFin GRASS-USDT	+0.0140%	4h	0.4315	+0.023%	$554K	$289K	20x	as long as short
MEXC GRASS_USDT	+0.0166%	4h	0.4318	+0.093%	$1.3M	$2.0M	100x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance GRASSUSDT	+0.0167%	4h	0.4311	−0.073%	$10.2M	$23.1M	75x	as long as short
Extended GRASS-USD	+0.0168%	1h	0.4310	−0.089%	$212K	$823K	10x	as long as short
BingX GRASS-USDT	+0.0206%	4h	0.4315	+0.023%	—	$7.2M	—	as long as short
KuCoin GRASSUSDTM	+0.0216%	4h	0.4312	−0.046%	$1.3M	$1.3M	50x	as long as short
Aster GRASSUSDT	+0.0994%	4h	0.4306	−0.192%	$75K	$193K	10x	as long as short
Kraken Futures PF_GRASSUSD	+0.1352%	1h	0.4316	+0.040%	$152K	$112K	20x	as long as short
Lighter GRASS	+0.1808%	1h	0.4333	+0.431%	$846K	$763K	5x	as long as short