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: Bybit against OKX+0.034%7-day average −0.089% · you sell dearer than you buy

Net, funding: paid 7d − costs−$80as in the Funding arb table

Net, price: spread back to 7d avg − costs−$62as in the Price arb table

costs, in and out, $10k−$750.748% of the position

Long on OKX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.048%−$5 on $10k

Price spread, last 7 days−0.123%−$12 · spread now +0.034%, 7d avg −0.089%

Together, before fees−0.171%−$17 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: Bybit is 0.124% dearer against OKX than usual: you sell high and buy low, +$12 on $10k if it goes back to its 7-day average of −0.089%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX GRASS-USDT-SWAP	0.4660	0.0100	pay 0.0050% / 4h	3h 03m	$3.6M	$25.3M	20x
Short	Bybit GRASSUSDT	0.4662	0.0100	get 0.0050% / 4h	3h 03m	$27.1M	$22.6M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against OKX. 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 OKXbpFee BybitbpOrdersPrice spread, now +0.034%Rate

Funding earned: $0
Price spread: +0.034% → −0.089%: $12.38
Slippage, 4 orders: −$53.81
Fee OKX: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$62.44
Costs to cover: 0.748%
Break-even: never at this rate

Slippage from OKX: live order book, just now; Bybit: live order book, 1 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 OKX live order book, just now	3.22 bp	16.0 bp −$16	55.2 bp −$552	doesn't fit	doesn't fit
Sell Bybit live order book, 1 min ago	4.30 bp	21.0 bp −$21	46.5 bp −$465	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	−0.0106%	1h	0.4657	−0.074%	$700	—	15x	as long as short
Injective GRASS/USDC PERP	+0.0033%	1h	0.4267	−8.433%	$7	$23K	5.5x	as long as short
Binance GRASSUSDT	+0.0100%	4h	0.4665	+0.107%	$11.1M	$42.5M	75x	as long as short
Bybit GRASSUSDTshort	+0.0100%	4h	0.4662	+0.034%	$27.1M	$22.6M	25x
OKX GRASS-USDT-SWAPlong	+0.0100%	4h	0.4660	long leg	$3.6M	$25.3M	20x
Gate GRASS_USDT	+0.0100%	4h	0.4657	−0.064%	$1.3M	$2.0M	50x	as long as short
MEXC GRASS_USDT	+0.0100%	4h	0.4660	0.000%	$1.9M	$3.3M	100x	as long as short
KuCoin GRASSUSDTM	+0.0100%	4h	0.4660	0.000%	$1.5M	$2.2M	50x	as long as short
Bitget GRASSUSDT	+0.0100%	4h	0.4658	−0.039%	$5.4M	$4.4M	75x	as long as short
BingX GRASS-USDT	+0.0100%	4h	0.4659	−0.021%	—	$7.5M	—	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni GRASS	+0.0100%	4h	0.4658	−0.038%	$2.3M	$1.5M	—	as long as short
Extended GRASS-USD	+0.0104%	1h	0.4655	−0.112%	$232K	$1.3M	10x	as long as short
BloFin GRASS-USDT	+0.0155%	4h	0.4665	+0.107%	$576K	$483K	20x	as long as short
Hyperliquid GRASS	+0.0466%	1h	0.4671	+0.232%	$17.9M	$4.9M	3x	as long as short
Aster GRASSUSDT	+0.0477%	4h	0.4657	−0.059%	$80K	$366K	10x	as long as short
Kraken Futures PF_GRASSUSD	+0.1089%	1h	0.4663	+0.067%	$168K	$160K	20x	as long as short
Lighter GRASS	+0.1200%	1h	0.4678	+0.378%	$907K	$1.1M	5x	as long as short