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: BingX against Variational Omni+0.019%7-day average +0.099% · you sell dearer than you buy

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

Long on Variational Omni Short on BingX

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+0.120%+$12 · spread now +0.019%, 7d avg +0.099%

Together, before fees+0.120%+ Points / potential airdropVariational Omni: Active · farm board+$12 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: BingX is 0.079% cheaper against Variational Omni than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of +0.099%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni GRASS	0.4469	0.0100	pay 0.0050% / 4h	40m 48s	$2.2M	$1.4M	—
Short	BingX GRASS-USDT	0.4470	0.0100	get 0.0050% / 4h	40m 48s	—	$7.4M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Variational Omni. 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 Variational OmnibpFee BingXbpOrdersPrice spread, now +0.019%Rate

Funding earned: $0
Price spread: +0.019% → +0.099%: −$7.92
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee BingX: 5 bp × 2 orders: −$10
Net: −$17.92
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 3 min ago; BingX: 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 Variational Omni RFQ quote, 3 min ago	4.52 bp	doesn't fit	45.2 bp −$452	doesn't fit	doesn't fit
Sell BingX live order book, 12 min ago	4.55 bp	23.5 bp −$23	49.6 bp −$496	278.3 bp −$27.8K	540.2 bp −$270.1K

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	−0.0108%	1h	0.4470	+0.015%	$672	—	15x	as long as short
Injective GRASS/USDC PERP	+0.0033%	1h	0.4267	−4.523%	$7	$23K	5.5x	as long as short
BloFin GRASS-USDT	+0.0067%	4h	0.4476	+0.154%	$551K	$396K	20x	as long as short
Binance GRASSUSDT	+0.0100%	4h	0.4465	−0.082%	$10.5M	$37.2M	75x	as long as short
Bybit GRASSUSDT	+0.0100%	4h	0.4459	−0.227%	$25.5M	$20.5M	25x	as long as short
OKX GRASS-USDT-SWAP	+0.0100%	4h	0.4456	−0.294%	$3.5M	$21.9M	20x	as long as short
Gate GRASS_USDT	+0.0100%	4h	0.4465	−0.092%	$1.3M	$1.9M	50x	as long as short
MEXC GRASS_USDT	+0.0100%	4h	0.4469	−0.003%	$1.5M	$2.9M	100x	as long as short
KuCoin GRASSUSDTM	+0.0100%	4h	0.4465	−0.092%	$1.3M	$2.0M	50x	as long as short
Bitget GRASSUSDT	+0.0100%	4h	0.4455	−0.323%	$5.2M	$3.9M	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-USDTshort	+0.0100%	4h	0.4470	+0.019%	—	$7.4M	—
Variational Omni GRASSlong	+0.0100%	4h	0.4469	long leg	$2.2M	$1.4M	—
Extended GRASS-USD	+0.0104%	1h	0.4460	−0.209%	$224K	$1.3M	10x	as long as short
Aster GRASSUSDT	+0.0417%	4h	0.4466	−0.066%	$67K	$319K	10x	as long as short
Hyperliquid GRASS	+0.0629%	1h	0.4472	+0.075%	$17.0M	$4.6M	3x	as long as short
Kraken Futures PF_GRASSUSD	+0.0972%	1h	0.4482	+0.298%	$161K	$154K	20x	as long as short
Lighter GRASS	+0.1120%	1h	0.4490	+0.467%	$866K	$1.0M	5x	as long as short