Funding arb · Price arb /

GRASS

all GRASS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0208%/8h= +22.8% APRpaid last 24h +0.065%

Price spread now: Bybit against Reya+0.004%7-day average — · you sell dearer than you buy

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

Long on Reya Short on Bybit

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

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$6 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya GRASSRUSDPERP	0.4435	−0.0108	get 0.0013% / 1h	5m 06s	$666	—	15x
Short	Bybit GRASSUSDT	0.4435	0.0100	get 0.0050% / 4h	1h 05m	$25.5M	$20.2M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.004%Rate

Funding earned: $43.64
Price spread: +0.004% → 0.000%: $0.39
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: $27.02
Costs to cover: 0.170%
Break-even: 2.7 days

Slippage unknown: Reya: no order-book sample; Bybit: live order book, 4 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 Bybit live order book, 4 min ago	3.38 bp	20.3 bp −$20	52.8 bp −$528	doesn't fit	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	−0.0108%	1h	0.4435	long leg	$666	—	15x
Injective GRASS/USDC PERP	+0.0033%	1h	0.4267	−3.784%	$7	$23K	5.5x	as long as short
BloFin GRASS-USDT	+0.0093%	4h	0.4434	−0.019%	$547K	$388K	20x	as long as short
Binance GRASSUSDT	+0.0100%	4h	0.4435	+0.004%	$10.4M	$36.5M	75x	as long as short
Bybit GRASSUSDTshort	+0.0100%	4h	0.4435	+0.004%	$25.5M	$20.2M	25x
OKX GRASS-USDT-SWAP	+0.0100%	4h	0.4430	−0.109%	$3.4M	$21.2M	20x	as long as short
Gate GRASS_USDT	+0.0100%	4h	0.4433	−0.041%	$1.3M	$1.9M	50x	as long as short
MEXC GRASS_USDT	+0.0100%	4h	0.4437	+0.049%	$1.5M	$2.9M	100x	as long as short
KuCoin GRASSUSDTM	+0.0100%	4h	0.4433	−0.041%	$1.3M	$2.0M	50x	as long as short
Bitget GRASSUSDT	+0.0100%	4h	0.4432	−0.062%	$5.2M	$3.8M	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	0.4433	−0.041%	—	$7.4M	—	as long as short
Variational Omni GRASS	+0.0100%	4h	0.4441	+0.144%	$2.2M	$1.4M	—	as long as short
Extended GRASS-USD	+0.0104%	1h	0.4437	+0.049%	$221K	$1.2M	10x	as long as short
Hyperliquid GRASS	+0.0378%	1h	0.4442	+0.171%	$16.9M	$4.6M	3x	as long as short
Aster GRASSUSDT	+0.0406%	4h	0.4439	+0.094%	$65K	$313K	10x	as long as short
Kraken Futures PF_GRASSUSD	+0.0581%	1h	0.4441	+0.135%	$160K	$152K	20x	as long as short
Lighter GRASS	+0.1240%	1h	0.4455	+0.455%	$859K	$996K	5x	as long as short