Settings8H · net · $10k
Funding arb · Price arb /

GRASS

all GRASS markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC+0.1345%/8h= +147.3% APRpaid last 24h +0.171%
Price spread now: Hyperliquid against BingX+0.150%7-day average +0.185% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days+0.500%+$50 on $10k
Price spread, last 7 days+0.083%+$8 · spread now +0.150%, 7d avg +0.185%
Together, before fees+0.583%+ Points / potential airdropHyperliquid: Season 2 · farm board+$58 on $10k · with fees, hour by hour
Funding pays, the price is against you. Hyperliquid is 0.035% cheaper against BingX than usual: you would sell low and buy high (spread +0.150% now, against its 7-day average of +0.185%). If the spread goes back, that is −$4 on $10k: about 2 hours of funding at the current rate (+$40 a day). At the pace of the last 7 days (+0.500% in total) that is about 12 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.500% in total (about 26.0% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX GRASS-USDT0.42120.0100pay 0.0050% / 4h2h 52m$7.3M
ShortHyperliquid GRASS0.42180.1445get 0.0181% / 1h52m 11s$15.9M$3.8M3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid against BingX. 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

Funding earned
$282.42
Price spread: +0.150% → +0.185%
−$3.53
Slippage, 4 orders
no order book: not counted
Fee BingX: 5 bp × 2 orders
−$10
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
$259.89
Costs to cover
0.190%
Break-even
0.6 days
Slippage unknown: BingX: live order book, 1 min ago; Hyperliquid: live order book, 11 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy BingX live order book, 1 min ago3.57 bp19.5 bp −$1941.3 bp −$413205.3 bp −$20.5K601.5 bp −$300.8K
Sell Hyperliquid live order book, 11 min ago0.60 bp5.3 bp −$5doesn't fitdoesn't fitdoesn't fit

GRASS on 17 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Reya GRASSRUSDPERP−0.0112%1h0.4209−0.081%$63215xas long as short
Injective GRASS/USDC PERP+0.0033%1h0.4267+1.306%$7$23K5.5xas long as short
Binance GRASSUSDT+0.0100%4h0.4214+0.057%$9.9M$27.1M75xas long as short
Bybit GRASSUSDT+0.0100%4h0.4209−0.062%$23.8M$15.5M25xas long as short
OKX GRASS-USDT-SWAP+0.0100%4h0.4211−0.024%$3.2M$14.1M20xas long as short
Gate GRASS_USDT+0.0100%4h0.4207−0.119%$1.2M$1.5M50xas long as short
MEXC GRASS_USDT+0.0100%4h0.4214+0.047%$1.3M$2.2M100xas long as short
Bitget GRASSUSDT+0.0100%4h0.4209−0.078%$4.9M$3.0M75xas long as short
BingX GRASS-USDTlong+0.0100%4h0.4212long leg$7.3M
Variational Omni GRASS+0.0100%4h0.4149−1.487%$2.0M$1.2Mas long as short
Show all 17 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Extended GRASS-USD+0.0104%1h0.4212−0.010%$213K$906K10xas long as short
BloFin GRASS-USDT+0.0159%4h0.42120.000%$536K$297K20xas long as short
KuCoin GRASSUSDTM+0.0222%4h0.4213+0.024%$1.3M$1.5M50xas long as short
Aster GRASSUSDT+0.0588%4h0.4204−0.180%$68K$209K10xas long as short
Kraken Futures PF_GRASSUSD+0.0630%1h0.4213+0.033%$150K$127K20xas long as short
Hyperliquid GRASSshort+0.1445%1h0.4218+0.150%$15.9M$3.8M3x
Lighter GRASS+0.2056%1h0.4231+0.449%$826K$780K5xas long as short