Funding arb · Price arb /

GRASS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h +0.047%

Price spread now: Injective against Binance+1.984%7-day average — · you sell dearer than you buy

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

Long on Binance Short on Injective

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. Injective is 1.984% dearer against Binance than usual: you sell high and buy low (spread +1.984% now, against zero (this spread has no 7-day history yet)): +$198 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 3 months.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance GRASSUSDT	0.4184	0.0100	pay 0.0050% / 4h	2h 55m	$9.9M	$27.1M	75x
Short	Injective GRASS/USDC PERP	0.4267	0.0033	get 0.0004% / 1h	55m 20s	$7	$23K	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against Binance. 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 BinancebpFee InjectivebpOrdersPrice spread, now +1.984%Rate

Funding earned: −$14
Price spread: +1.984% → 0.000%: $198.37
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $174.35
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: Binance: live order book, 1 min ago; Injective: no order-book sample. 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 Binance live order book, 1 min ago	2.40 bp	18.5 bp −$19	38.4 bp −$384	365.3 bp −$36.5K	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: 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 GRASSRUSDPERP	−0.0112%	1h	0.4180	−0.086%	$628	—	15x	as long as short
Injective GRASS/USDC PERPshort	+0.0033%	1h	0.4267	+1.984%	$7	$23K	5.5x
BloFin GRASS-USDT	+0.0095%	4h	0.4167	−0.406%	$532K	$294K	20x	as long as short
Binance GRASSUSDTlong	+0.0100%	4h	0.4184	long leg	$9.9M	$27.1M	75x
Bybit GRASSUSDT	+0.0100%	4h	0.4180	−0.088%	$23.7M	$15.4M	25x	as long as short
OKX GRASS-USDT-SWAP	+0.0100%	4h	0.4183	−0.024%	$3.2M	$13.9M	20x	as long as short
Gate GRASS_USDT	+0.0100%	4h	0.4177	−0.167%	$1.1M	$1.5M	50x	as long as short
MEXC GRASS_USDT	+0.0100%	4h	0.4180	−0.096%	$1.2M	$2.2M	100x	as long as short
Bitget GRASSUSDT	+0.0100%	4h	0.4178	−0.136%	$4.8M	$3.0M	75x	as long as short
BingX GRASS-USDT	+0.0100%	4h	0.4179	−0.120%	—	$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	0.4149	−0.828%	$2.0M	$1.2M	—	as long as short
Extended GRASS-USD	+0.0104%	1h	0.4176	−0.202%	$206K	$900K	10x	as long as short
KuCoin GRASSUSDTM	+0.0226%	4h	0.4176	−0.191%	$1.3M	$1.5M	50x	as long as short
Aster GRASSUSDT	+0.0545%	4h	0.4167	−0.408%	$68K	$209K	10x	as long as short
Kraken Futures PF_GRASSUSD	+0.0638%	1h	0.4156	−0.669%	$148K	$127K	20x	as long as short
Hyperliquid GRASS	+0.1323%	1h	0.4188	+0.105%	$15.8M	$3.8M	3x	as long as short
Lighter GRASS	+0.1872%	1h	0.4192	+0.201%	$818K	$780K	5x	as long as short