Funding arb · Price arb /

GRASS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Variational Omni against OKX−0.263%7-day average −0.104% · you buy dearer than you sell

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

Long on OKX Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)0.000%$0 on $10k

Price spread, last 7 days+0.157%+$16 · spread now −0.263%, 7d avg −0.104%

Together, before fees+0.157%+ Points / potential airdropVariational Omni: Active · farm board+$16 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 0.158% cheaper against OKX than usual: you would sell low and buy high, −$16 on $10k if it goes back to its 7-day average of −0.104%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX GRASS-USDT-SWAP	0.4284	0.0100	pay 0.0050% / 4h	3h 50m	$3.4M	$16.8M	20x
Short	Variational Omni GRASS	0.4273	0.0100	get 0.0050% / 4h	3h 50m	$2.1M	$1.3M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against OKX. 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 OKXbpFee Variational OmnibpOrdersPrice spread, now −0.263%Rate

Funding earned: $0
Price spread: −0.263% → −0.104%: −$15.84
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$25.84
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: OKX: 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 OKX live order book, 3 min ago	3.51 bp	18.9 bp −$19	60.4 bp −$604	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 3 min ago	5.85 bp	doesn't fit	48.0 bp −$480	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	−0.0110%	1h	0.4275	−0.218%	$642	—	15x	as long as short
Injective GRASS/USDC PERP	+0.0033%	1h	0.4267	−0.397%	$7	$23K	5.5x	as long as short
Binance GRASSUSDT	+0.0100%	4h	0.4284	−0.010%	$10.2M	$30.7M	75x	as long as short
Bybit GRASSUSDT	+0.0100%	4h	0.4282	−0.056%	$24.1M	$17.3M	25x	as long as short
OKX GRASS-USDT-SWAPlong	+0.0100%	4h	0.4284	long leg	$3.4M	$16.8M	20x
Gate GRASS_USDT	+0.0100%	4h	0.4278	−0.140%	$1.2M	$1.6M	50x	as long as short
MEXC GRASS_USDT	+0.0100%	4h	0.4284	0.000%	$1.5M	$2.5M	100x	as long as short
KuCoin GRASSUSDTM	+0.0100%	4h	0.4277	−0.163%	$1.2M	$1.7M	50x	as long as short
Bitget GRASSUSDT	+0.0100%	4h	0.4282	−0.047%	$5.0M	$3.3M	75x	as long as short
BingX GRASS-USDT	+0.0100%	4h	0.4281	−0.070%	—	$7.3M	—	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni GRASSshort	+0.0100%	4h	0.4273	−0.263%	$2.1M	$1.3M	—
Extended GRASS-USD	+0.0104%	1h	0.4281	−0.074%	$212K	$890K	10x	as long as short
BloFin GRASS-USDT	+0.0142%	4h	0.4274	−0.233%	$546K	$326K	20x	as long as short
Kraken Futures PF_GRASSUSD	+0.0329%	1h	0.4276	−0.175%	$153K	$137K	20x	as long as short
Aster GRASSUSDT	+0.0397%	4h	0.4282	−0.038%	$58K	$241K	10x	as long as short
Hyperliquid GRASS	+0.0440%	1h	0.4288	+0.089%	$16.3M	$4.1M	3x	as long as short
Lighter GRASS	+0.1456%	1h	0.4295	+0.259%	$838K	$962K	5x	as long as short