Funding you earn now, next payment 23:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h +0.047%
Price spread now: Injective against Bybit+1.198%68s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
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 1.198% dearer against Bybit than usual: you sell high and buy low (spread +1.198% now, against zero (this spread has no 7-day history yet)): +$120 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 60 days. The two prices were read 68 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit GRASSUSDT | 0.4217 | 0.0100 | pay 0.0050% / 4h | 1h 40m | $23.8M | $12.3M | 25x |
| Short | Injective GRASS/USDC PERP | 0.4267 | 0.0033 | get 0.0004% / 1h | 40m 10s | $7 | $23K | 5.5x |
Bybit GRASSUSDT
Injective GRASS/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against Bybit. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$14
- Price spread: +1.198% → 0.000%
- $119.77
- Slippage, 4 orders
- no order book: not counted
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- $94.75
- Costs to cover
- 0.110%
- Break-even
- from the start
Slippage unknown: Bybit: live order book, 3 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 Bybit live order book, 3 min ago | 2.35 bp | 27.0 bp −$27 | 65.7 bp −$657 | doesn't fit | 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 | 0.4220 | +0.084% | $634 | — | 15x | as long as short |
| Injective GRASS/USDC PERPshort | +0.0033% | 1h | 0.4267 | +1.198% | $7 | $23K | 5.5x | |
| Bybit GRASSUSDTlong | +0.0100% | 4h | 0.4217 | long leg | $23.8M | $12.3M | 25x | |
| OKX GRASS-USDT-SWAP | +0.0100% | 4h | 0.4219 | +0.059% | $3.0M | $9.5M | 20x | as long as short |
| Gate GRASS_USDT | +0.0100% | 4h | 0.4215 | −0.036% | $1.1M | $1.4M | 50x | as long as short |
| Bitget GRASSUSDT | +0.0100% | 4h | 0.4217 | +0.019% | $4.9M | $2.4M | 75x | as long as short |
| Variational Omni GRASS | +0.0100% | 4h | 0.4217 | +0.012% | $2.0M | $1.1M | — | as long as short |
| KuCoin GRASSUSDTM | +0.0124% | 4h | 0.4215 | −0.036% | $1.4M | $1.1M | 50x | as long as short |
| BloFin GRASS-USDT | +0.0248% | 4h | 0.4238 | +0.510% | $561K | $280K | 20x | as long as short |
| Extended GRASS-USD | +0.0256% | 1h | 0.4220 | +0.081% | $208K | $823K | 10x | as long as short |
Reya GRASSRUSDPERP
OKX GRASS-USDT-SWAP
Gate GRASS_USDT
Bitget GRASSUSDT
Variational Omni GRASS
KuCoin GRASSUSDTM
BloFin GRASS-USDT
Extended GRASS-USDShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance GRASSUSDT | +0.0256% | 4h | 0.4221 | +0.106% | $10.1M | $19.7M | 75x | as long as short |
| MEXC GRASS_USDT | +0.0264% | 4h | 0.4221 | +0.107% | $1.3M | $1.7M | 100x | as long as short |
| BingX GRASS-USDT | +0.0278% | 4h | 0.4219 | +0.059% | — | $7.2M | — | as long as short |
| Hyperliquid GRASS | +0.0639% | 1h | 0.4224 | +0.176% | $15.6M | $3.0M | 3x | as long as short |
| Aster GRASSUSDT | +0.1171% | 4h | 0.4222 | +0.133% | $62K | $161K | 10x | as long as short |
| Lighter GRASS | +0.1448% | 1h | 0.4238 | +0.515% | $741K | $640K | 5x | as long as short |
| Kraken Futures PF_GRASSUSD | +0.1520% | 1h | 0.4222 | +0.120% | $153K | $98K | 20x | as long as short |
Binance GRASSUSDT
MEXC GRASS_USDT
BingX GRASS-USDT
Hyperliquid GRASS
Aster GRASSUSDT
Lighter GRASS
Kraken Futures PF_GRASSUSD