Funding arb · Price arb /

GRASS

all GRASS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0213%/8h= +23.3% APRpaid last 24h +0.066%

Price spread now: BingX against Reya−0.179%7-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 BingX

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. BingX is 0.179% cheaper against Reya than usual: you would sell low and buy high (spread −0.179% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$18 on $10k: about 2.8 days of funding at the current rate (+$6 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya GRASSRUSDPERP	0.4156	−0.0113	get 0.0014% / 1h	23m 19s	$625	—	15x
Short	BingX GRASS-USDT	0.4149	0.0100	get 0.0050% / 4h	23m 19s	—	$7.2M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now −0.179%Rate

Funding earned: $44.7
Price spread: −0.179% → 0.000%: −$17.87
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee BingX: 5 bp × 2 orders: −$10
Net: $10.83
Costs to cover: 0.160%
Break-even: 5.3 days

Slippage unknown: Reya: no order-book sample; BingX: live order book, 15 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 BingX live order book, 15 min ago	4.79 bp	23.2 bp −$23	58.1 bp −$581	254.1 bp −$25.4K	664.5 bp −$332.3K

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	−0.0113%	1h	0.4156	long leg	$625	—	15x
Injective GRASS/USDC PERP	+0.0033%	1h	0.4267	+2.660%	$7	$23K	5.5x	as long as short
BloFin GRASS-USDT	+0.0087%	4h	0.4150	−0.155%	$537K	$291K	20x	as long as short
Binance GRASSUSDT	+0.0100%	4h	0.4154	−0.052%	$9.8M	$24.7M	75x	as long as short
Bybit GRASSUSDT	+0.0100%	4h	0.4151	−0.131%	$23.5M	$14.5M	25x	as long as short
OKX GRASS-USDT-SWAP	+0.0100%	4h	0.4154	−0.058%	$3.0M	$12.4M	20x	as long as short
Gate GRASS_USDT	+0.0100%	4h	0.4149	−0.179%	$1.1M	$1.5M	50x	as long as short
MEXC GRASS_USDT	+0.0100%	4h	0.4153	−0.082%	$1.2M	$2.1M	100x	as long as short
Bitget GRASSUSDT	+0.0100%	4h	0.4149	−0.179%	$4.8M	$2.8M	75x	as long as short
BingX GRASS-USDTshort	+0.0100%	4h	0.4149	−0.179%	—	$7.2M	—

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni GRASS	+0.0100%	4h	0.4151	−0.142%	$2.0M	$1.2M	—	as long as short
Extended GRASS-USD	+0.0104%	1h	0.4151	−0.132%	$205K	$823K	10x	as long as short
KuCoin GRASSUSDTM	+0.0158%	4h	0.4153	−0.082%	$1.3M	$1.3M	50x	as long as short
Hyperliquid GRASS	+0.0221%	1h	0.4161	+0.103%	$15.5M	$3.6M	3x	as long as short
Aster GRASSUSDT	+0.0707%	4h	0.4157	+0.006%	$64K	$207K	10x	as long as short
Kraken Futures PF_GRASSUSD	+0.1406%	1h	0.4151	−0.132%	$147K	$124K	20x	as long as short
Lighter GRASS	+0.2520%	1h	0.4173	+0.391%	$814K	$768K	5x	as long as short