Funding arb · Price arb /

GRASS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0277%/8h= −30.3% APRpaid last 24h +0.041%

Price spread now: Injective against BloFin−1.591%7-day average — · you buy dearer than you sell

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

Long on BloFin 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

Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and Injective is 1.591% cheaper against BloFin than usual: you would sell low and buy high (−$159 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin GRASS-USDT	0.4336	0.0310	pay 0.0155% / 4h	1h 52m	$577K	$271K	20x
Short	Injective GRASS/USDC PERP	0.4267	0.0033	get 0.0004% / 1h	52m 50s	$7	$23K	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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

Position, each leg$Hold fordaysFee BloFinbpFee InjectivebpOrdersPrice spread, now −1.591%Rate

Funding earned: −$58.14
Price spread: −1.591% → 0.000%: −$159.13
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$229.29
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: BloFin: live order book, 28 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 BloFin live order book, 28 min ago	3.34 bp	25.1 bp −$25	44.4 bp −$444	137.5 bp −$13.8K	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	−0.0114%	1h	0.4341	+0.115%	$652	—	15x	as long as short
Injective GRASS/USDC PERPshort	+0.0033%	1h	0.4267	−1.591%	$7	$23K	5.5x
Bybit GRASSUSDT	+0.0100%	4h	0.4347	+0.254%	$24.4M	$11.3M	25x	as long as short
OKX GRASS-USDT-SWAP	+0.0100%	4h	0.4351	+0.346%	$3.2M	$8.7M	20x	as long as short
Gate GRASS_USDT	+0.0100%	4h	0.4350	+0.323%	$1.2M	$1.3M	50x	as long as short
Bitget GRASSUSDT	+0.0100%	4h	0.4355	+0.443%	$5.2M	$2.2M	75x	as long as short
Variational Omni GRASS	+0.0100%	4h	0.4451	+2.655%	$2.2M	$1.1M	—	as long as short
KuCoin GRASSUSDTM	+0.0140%	4h	0.4374	+0.876%	$1.4M	$1.0M	50x	as long as short
BloFin GRASS-USDTlong	+0.0310%	4h	0.4336	long leg	$577K	$271K	20x
Extended GRASS-USD	+0.0344%	1h	0.4353	+0.393%	$215K	$823K	10x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance GRASSUSDT	+0.0346%	4h	0.4354	+0.416%	$10.8M	$17.9M	75x	as long as short
MEXC GRASS_USDT	+0.0358%	4h	0.4356	+0.461%	$1.5M	$1.5M	100x	as long as short
BingX GRASS-USDT	+0.0376%	4h	0.4349	+0.300%	—	$7.1M	—	as long as short
Hyperliquid GRASS	+0.1170%	1h	0.4377	+0.941%	$16.2M	$2.8M	3x	as long as short
Aster GRASSUSDT	+0.1356%	4h	0.4362	+0.596%	$64K	$133K	10x	as long as short
Kraken Futures PF_GRASSUSD	+0.1478%	1h	0.4341	+0.117%	$161K	$87K	20x	as long as short
Lighter GRASS	+0.1704%	1h	0.4363	+0.618%	$761K	$638K	5x	as long as short