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

GRASS

all GRASS markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC−0.0055%/8h= −6.1% APRpaid last 24h +0.167%
Price spread now: Hyperliquid against BloFin+0.147%7-day average +0.062% · you sell dearer than you buy
Net, funding: paid 7d − costs−$51as in the Funding arb table
Net, price: spread back to 7d avg − costs−$89as in the Price arb table
costs, in and out, $10k−$980.980% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.467%+$47 on $10k
Price spread, last 3 days (all we have)−0.126%−$13 · spread now +0.147%, 7d avg +0.062%
Together, before fees+0.342%+ Points / potential airdropHyperliquid: Season 2 · farm board+$34 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Hyperliquid is 0.086% dearer against BloFin than usual: you sell high and buy low (spread +0.147% now, against its 7-day average of +0.062%): +$9 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 5.1 days. Mind the row above: over the last 7 days funding on this pair paid +0.467%, so the current rate has only just turned against you.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin GRASS-USDT0.44810.0415pay 0.0208% / 4h2h 17m$587K$260K20x
ShortHyperliquid GRASS0.44880.0360get 0.0045% / 1h17m 20s$16.4M$2.6M3x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid against BloFin. 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
−$11.65
Price spread: +0.147% → +0.062%
$8.56
Slippage, 4 orders
−$77.04
Fee BloFin: 6 bp × 2 orders
−$12
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$101.13
Costs to cover
0.980%
Break-even
never at this rate
Slippage from BloFin: live order book, 4 min ago; Hyperliquid: live order book, 6 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy BloFin live order book, 4 min ago3.34 bp25.1 bp −$2544.4 bp −$444137.5 bp −$13.8Kdoesn't fit
Sell Hyperliquid live order book, 6 min ago2.23 bp25.3 bp −$25doesn'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−0.0114%1h0.4479−0.044%$67315xas long as short
Bybit GRASSUSDT+0.0100%4h0.4469−0.277%$25.0M$10.6M25xas long as short
OKX GRASS-USDT-SWAP+0.0100%4h0.4465−0.357%$3.4M$7.7M20xas long as short
Gate GRASS_USDT+0.0100%4h0.4477−0.089%$1.2M$1.2M50xas long as short
KuCoin GRASSUSDTM+0.0100%4h0.4478−0.067%$1.6M$969K50xas long as short
Bitget GRASSUSDT+0.0100%4h0.4472−0.196%$5.2M$2.1M75xas long as short
Variational Omni GRASS+0.0100%4h0.4485+0.084%$2.2M$1.1Mas long as short
Hyperliquid GRASSshort+0.0360%1h0.4488+0.147%$16.4M$2.6M3x
Binance GRASSUSDT+0.0384%4h0.4470−0.245%$11.0M$15.7M75xas long as short
Extended GRASS-USD+0.0384%1h0.4477−0.084%$221K$823K10xas long as short
Show all 17 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC GRASS_USDT+0.0390%4h0.4483+0.045%$1.7M$1.3M100xas long as short
BingX GRASS-USDT+0.0392%4h0.4482+0.022%$7.1Mas long as short
BloFin GRASS-USDTlong+0.0415%4h0.4481long leg$587K$260K20x
Kraken Futures PF_GRASSUSD+0.1501%1h0.4487+0.128%$165K$79K20xas long as short
Aster GRASSUSDT+0.1525%4h0.4485+0.079%$62K$128K10xas long as short
Lighter GRASS+0.1776%1h0.4491+0.219%$702K$529K5xas long as short
Injective GRASS/USDC PERP+0.5000%1h0.4267−4.776%$7$23K5.5xas long as short