Funding arb · Price arb /

GRASS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0215%/8h= +23.5% APRpaid last 24h +0.071%

Price spread now: BloFin against Reya−0.915%106s7-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 BloFin

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. BloFin is 0.915% cheaper against Reya than usual: you would sell low and buy high (spread −0.915% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$91 on $10k: about 14 days of funding at the current rate (+$6 a day). The two prices were read 106 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	0.4334	−0.0109	get 0.0014% / 1h	19m 20s	$651	—	15x
Short	BloFin GRASS-USDT	0.4294	0.0105	get 0.0053% / 4h	3h 19m	$541K	$329K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now −0.915%Rate

Funding earned: $45.05
Price spread: −0.915% → 0.000%: −$91.47
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$64.42
Costs to cover: 0.180%
Break-even: 17.0 days

Slippage unknown: Reya: no order-book sample; BloFin: live order book, 12 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 BloFin live order book, 12 min ago	4.71 bp	14.7 bp −$15	28.8 bp −$288	155.8 bp −$15.6K	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	−0.0109%	1h	0.4334	long leg	$651	—	15x
Injective GRASS/USDC PERP	+0.0033%	1h	0.4267	−1.538%	$7	$23K	5.5x	as long as short
Binance GRASSUSDT	+0.0100%	4h	0.4337	+0.078%	$10.2M	$31.4M	75x	as long as short
Bybit GRASSUSDT	+0.0100%	4h	0.4330	−0.084%	$24.4M	$17.7M	25x	as long as short
OKX GRASS-USDT-SWAP	+0.0100%	4h	0.4337	+0.078%	$3.4M	$17.7M	20x	as long as short
Gate GRASS_USDT	+0.0100%	4h	0.4334	+0.008%	$1.2M	$1.7M	50x	as long as short
MEXC GRASS_USDT	+0.0100%	4h	0.4338	+0.101%	$1.6M	$2.5M	100x	as long as short
KuCoin GRASSUSDTM	+0.0100%	4h	0.4339	+0.124%	$1.2M	$1.8M	50x	as long as short
Bitget GRASSUSDT	+0.0100%	4h	0.4333	−0.026%	$5.0M	$3.4M	75x	as long as short
BingX GRASS-USDT	+0.0100%	4h	0.4335	+0.031%	—	$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 GRASS	+0.0100%	4h	0.4292	−0.967%	$2.1M	$1.3M	—	as long as short
Extended GRASS-USD	+0.0104%	1h	0.4337	+0.067%	$217K	$853K	10x	as long as short
BloFin GRASS-USDTshort	+0.0105%	4h	0.4294	−0.915%	$541K	$329K	20x
Kraken Futures PF_GRASSUSD	+0.0324%	1h	0.4340	+0.139%	$156K	$143K	20x	as long as short
Hyperliquid GRASS	+0.0358%	1h	0.4341	+0.172%	$16.5M	$4.1M	3x	as long as short
Aster GRASSUSDT	+0.0391%	4h	0.4333	−0.022%	$58K	$246K	10x	as long as short
Lighter GRASS	+0.1512%	1h	0.4356	+0.521%	$847K	$971K	5x	as long as short