Funding arb · Price arb /

GRASS

all GRASS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0210%/8h= −23.0% APRpaid last 24h −0.067%

Price spread now: Reya against KuCoin+0.061%7-day average — · you sell dearer than you buy

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

Long on KuCoin 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

The price spread pays, funding is against you. Reya is 0.061% dearer against KuCoin than usual: you sell high and buy low (spread +0.061% now, against zero (this spread has no 7-day history yet)): +$6 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 23 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin GRASSUSDTM	0.4240	0.0100	pay 0.0050% / 4h	12m 05s	$1.2M	$1.7M	50x
Short	Reya GRASSRUSDPERP	0.4243	−0.0110	pay 0.0014% / 1h	12m 05s	$637	—	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against KuCoin. 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 KuCoinbpFee ReyabpOrdersPrice spread, now +0.061%Rate

Funding earned: −$44.09
Price spread: +0.061% → 0.000%: $6.08
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Reya: 3 bp × 2 orders: −$6
Net: −$56.02
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 4 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 KuCoin live order book, 4 min ago	5.87 bp	29.3 bp −$29	572.6 bp −$5,726	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	−0.0110%	1h	0.4243	+0.061%	$637	—	15x
Injective GRASS/USDC PERP	+0.0033%	1h	0.4267	+0.637%	$7	$23K	5.5x	as long as short
BloFin GRASS-USDT	+0.0086%	4h	0.4270	+0.708%	$549K	$322K	20x	as long as short
Binance GRASSUSDT	+0.0100%	4h	0.4235	−0.118%	$10.1M	$30.4M	75x	as long as short
Bybit GRASSUSDT	+0.0100%	4h	0.4233	−0.165%	$23.7M	$17.2M	25x	as long as short
OKX GRASS-USDT-SWAP	+0.0100%	4h	0.4236	−0.094%	$3.4M	$16.5M	20x	as long as short
Gate GRASS_USDT	+0.0100%	4h	0.4235	−0.118%	$1.2M	$1.6M	50x	as long as short
MEXC GRASS_USDT	+0.0100%	4h	0.4238	−0.047%	$1.5M	$2.5M	100x	as long as short
KuCoin GRASSUSDTMlong	+0.0100%	4h	0.4240	long leg	$1.2M	$1.7M	50x
Bitget GRASSUSDT	+0.0100%	4h	0.4232	−0.198%	$4.9M	$3.3M	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	0.4233	−0.165%	—	$7.3M	—	as long as short
Variational Omni GRASS	+0.0100%	4h	0.4258	+0.431%	$2.1M	$1.3M	—	as long as short
Extended GRASS-USD	+0.0104%	1h	0.4230	−0.242%	$213K	$889K	10x	as long as short
Hyperliquid GRASS	+0.0250%	1h	0.4239	−0.035%	$16.1M	$4.1M	3x	as long as short
Aster GRASSUSDT	+0.0433%	4h	0.4249	+0.212%	$65K	$239K	10x	as long as short
Kraken Futures PF_GRASSUSD	+0.0793%	1h	0.4246	+0.151%	$153K	$135K	20x	as long as short
Lighter GRASS	+0.2144%	1h	0.4263	+0.542%	$879K	$916K	5x	as long as short