Funding arb · Price arb /

GRASS

all GRASS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0211%/8h= +23.1% APRpaid last 24h +0.066%

Price spread now: Binance against Reya−0.517%45s7-day average — · you buy dearer than you sell

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

Long on Reya Short on Binance

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

Funding pays, the price is against you. Binance is 0.517% cheaper against Reya than usual: you would sell low and buy high (spread −0.517% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$52 on $10k: about 8.2 days of funding at the current rate (+$6 a day). The two prices were read 45 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya GRASSRUSDPERP	0.4261	−0.0111	get 0.0014% / 1h	9m 44s	$640	—	15x
Short	Binance GRASSUSDT	0.4239	0.0100	get 0.0050% / 4h	1h 09m	$10.1M	$29.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Reya. 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 ReyabpFee BinancebpOrdersPrice spread, now −0.517%Rate

Funding earned: $44.23
Price spread: −0.517% → 0.000%: −$51.74
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Binance: 5 bp × 2 orders: −$10
Net: −$23.5
Costs to cover: 0.160%
Break-even: 10.7 days

Slippage unknown: Reya: no order-book sample; Binance: live order book, 2 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 Reya no order-book sample	—	—	—	—	—
Sell Binance live order book, 2 min ago	3.52 bp	20.7 bp −$21	40.5 bp −$405	293.5 bp −$29.3K	doesn't fit

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 GRASSRUSDPERPlong	−0.0111%	1h	0.4261	long leg	$640	—	15x
Kraken Futures PF_GRASSUSD	+0.0004%	1h	0.4236	−0.590%	$153K	$132K	20x	as long as short
Injective GRASS/USDC PERP	+0.0033%	1h	0.4267	+0.142%	$7	$23K	5.5x	as long as short
Binance GRASSUSDTshort	+0.0100%	4h	0.4239	−0.517%	$10.1M	$29.6M	75x
Bybit GRASSUSDT	+0.0100%	4h	0.4239	−0.524%	$23.7M	$16.9M	25x	as long as short
OKX GRASS-USDT-SWAP	+0.0100%	4h	0.4242	−0.444%	$3.2M	$15.9M	20x	as long as short
Gate GRASS_USDT	+0.0100%	4h	0.4235	−0.609%	$1.2M	$1.6M	50x	as long as short
MEXC GRASS_USDT	+0.0100%	4h	0.4242	−0.444%	$1.2M	$2.4M	100x	as long as short
KuCoin GRASSUSDTM	+0.0100%	4h	0.4232	−0.679%	$1.3M	$1.7M	50x	as long as short
Bitget GRASSUSDT	+0.0100%	4h	0.4239	−0.522%	$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	0.4242	−0.444%	—	$7.3M	—	as long as short
Variational Omni GRASS	+0.0100%	4h	0.4246	−0.358%	$2.1M	$1.2M	—	as long as short
BloFin GRASS-USDT	+0.0101%	4h	0.4262	+0.025%	$423K	$308K	20x	as long as short
Extended GRASS-USD	+0.0104%	1h	0.4240	−0.500%	$210K	$904K	10x	as long as short
Aster GRASSUSDT	+0.0536%	4h	0.4231	−0.694%	$66K	$227K	10x	as long as short
Hyperliquid GRASS	+0.0891%	1h	0.4245	−0.372%	$16.0M	$3.9M	3x	as long as short
Lighter GRASS	+0.2224%	1h	0.4258	−0.078%	$917K	$875K	5x	as long as short