Funding arb · Price arb /

GRASS

all GRASS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.1108%/8h= +121.3% APRpaid last 24h +0.359%

Price spread now: Lighter against OKX+0.561%7-day average +0.124% · you sell dearer than you buy

Net, funding: paid 7d − costs−$37as in the Funding arb table

Net, price: spread back to 7d avg − costs−$88as in the Price arb table

costs, in and out, $10k−$1311.313% of the position

Long on OKX Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.946%+$95 on $10k

Price spread, last 4 days (all we have)−0.500%−$50 · spread now +0.561%, 7d avg +0.124%

Together, before fees+0.447%+ Points / potential airdropLighter: Season 3 · farm board+$45 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$33 a day on $10k at the current rate, and Lighter is 0.438% dearer against OKX than usual: you sell high and buy low: +$44 more if the spread goes back to its 7-day average of +0.124%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX GRASS-USDT-SWAP	0.4525	0.0100	pay 0.0050% / 4h	3h 26m	$3.6M	$23.8M	20x
Short	Lighter GRASS	0.4550	0.1208	get 0.0151% / 1h	26m 08s	$893K	$1.0M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now +0.561%Rate

Funding earned: $232.68
Price spread: +0.561% → +0.124%: $43.75
Slippage, 4 orders: −$121.31
Fee OKX: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: $145.13
Costs to cover: 1.313%
Break-even: 2.6 days

Slippage from OKX: live order book, 2 min ago; Lighter: live order book, 4 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, 2 min ago	1.11 bp	15.7 bp −$16	58.8 bp −$588	doesn't fit	doesn't fit
Sell Lighter live order book, 4 min ago	14.14 bp	16.0 bp −$16	100.2 bp −$1,002	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	0.4539	+0.316%	$682	—	15x	as long as short
Injective GRASS/USDC PERP	+0.0033%	1h	0.4267	−5.702%	$7	$23K	5.5x	as long as short
Binance GRASSUSDT	+0.0100%	4h	0.4526	+0.026%	$10.8M	$40.8M	75x	as long as short
Bybit GRASSUSDT	+0.0100%	4h	0.4523	−0.035%	$26.2M	$21.8M	25x	as long as short
OKX GRASS-USDT-SWAPlong	+0.0100%	4h	0.4525	long leg	$3.6M	$23.8M	20x
Gate GRASS_USDT	+0.0100%	4h	0.4529	+0.088%	$1.3M	$2.0M	50x	as long as short
MEXC GRASS_USDT	+0.0100%	4h	0.4529	+0.088%	$1.9M	$3.2M	100x	as long as short
KuCoin GRASSUSDTM	+0.0100%	4h	0.4530	+0.110%	$1.5M	$2.2M	50x	as long as short
Bitget GRASSUSDT	+0.0100%	4h	0.4522	−0.066%	$5.3M	$4.2M	75x	as long as short
BingX GRASS-USDT	+0.0100%	4h	0.4525	0.000%	—	$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	0.4541	+0.348%	$2.3M	$1.4M	—	as long as short
Extended GRASS-USD	+0.0104%	1h	0.4533	+0.181%	$223K	$1.3M	10x	as long as short
BloFin GRASS-USDT	+0.0122%	4h	0.4538	+0.287%	$578K	$442K	20x	as long as short
Aster GRASSUSDT	+0.0474%	4h	0.4531	+0.130%	$69K	$346K	10x	as long as short
Hyperliquid GRASS	+0.0522%	1h	0.4530	+0.102%	$17.3M	$4.8M	3x	as long as short
Kraken Futures PF_GRASSUSD	+0.1119%	1h	0.4535	+0.213%	$163K	$163K	20x	as long as short
Lighter GRASSshort	+0.1208%	1h	0.4550	+0.561%	$893K	$1.0M	5x