Funding arb · Price arb /

GRASS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h +0.047%

Price spread now: Injective against Gate−3.483%7-day average — · you buy dearer than you sell

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

Long on Gate 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 −$2 a day on $10k at the current rate, and Injective is 3.483% cheaper against Gate than usual: you would sell low and buy high (−$348 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	Gate GRASS_USDT	0.4421	0.0100	pay 0.0050% / 4h	2h 00m	$1.3M	$1.8M	50x
Short	Injective GRASS/USDC PERP	0.4267	0.0033	get 0.0004% / 1h	0m 34s	$7	$23K	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against Gate. 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 GatebpFee InjectivebpOrdersPrice spread, now −3.483%Rate

Funding earned: −$14
Price spread: −3.483% → 0.000%: −$348.34
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$377.36
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Gate: live order book, 2 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 Gate live order book, 2 min ago	9.05 bp	42.9 bp −$43	doesn't fit	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	−0.0108%	1h	0.4420	−0.012%	$664	—	15x	as long as short
Injective GRASS/USDC PERPshort	+0.0033%	1h	0.4267	−3.483%	$7	$23K	5.5x
BloFin GRASS-USDT	+0.0078%	4h	0.4427	+0.136%	$555K	$377K	20x	as long as short
Binance GRASSUSDT	+0.0100%	4h	0.4427	+0.136%	$10.4M	$34.9M	75x	as long as short
Bybit GRASSUSDT	+0.0100%	4h	0.4420	−0.020%	$25.1M	$19.3M	25x	as long as short
OKX GRASS-USDT-SWAP	+0.0100%	4h	0.4424	+0.068%	$3.4M	$20.2M	20x	as long as short
Gate GRASS_USDTlong	+0.0100%	4h	0.4421	long leg	$1.3M	$1.8M	50x
MEXC GRASS_USDT	+0.0100%	4h	0.4427	+0.136%	$1.6M	$2.8M	100x	as long as short
KuCoin GRASSUSDTM	+0.0100%	4h	0.4423	+0.045%	$1.4M	$1.9M	50x	as long as short
Bitget GRASSUSDT	+0.0100%	4h	0.4420	−0.011%	$5.2M	$3.6M	75x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX GRASS-USDT	+0.0100%	4h	0.4418	−0.068%	—	$7.4M	—	as long as short
Variational Omni GRASS	+0.0100%	4h	0.4419	−0.052%	$2.2M	$1.4M	—	as long as short
Extended GRASS-USD	+0.0104%	1h	0.4420	−0.030%	$218K	$773K	10x	as long as short
Aster GRASSUSDT	+0.0438%	4h	0.4424	+0.063%	$64K	$299K	10x	as long as short
Hyperliquid GRASS	+0.0461%	1h	0.4427	+0.145%	$16.8M	$4.4M	3x	as long as short
Kraken Futures PF_GRASSUSD	+0.1450%	1h	0.4423	+0.051%	$159K	$152K	20x	as long as short
Lighter GRASS	+0.1696%	1h	0.4442	+0.475%	$857K	$983K	5x	as long as short