Funding arb · Price arb /

GRASS

all GRASS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0433%/8h= +47.4% APRpaid last 24h −0.017%

Price spread now: Aster against Hyperliquid−0.022%7-day average −0.109% · you buy dearer than you sell

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

Long on Hyperliquid Short on Aster

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)−0.251%−$25 on $10k

Price spread, last 4 days (all we have)−0.068%−$7 · spread now −0.022%, 7d avg −0.109%

Together, before fees−0.319%+ Points / potential airdropHyperliquid: Season 2 · Aster: Stage 5 · farm board−$32 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$13 a day on $10k at the current rate, and Aster is 0.087% dearer against Hyperliquid than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of −0.109%. Mind the row above: over the last 5 days funding on this pair cost −0.251%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid GRASS	0.4128	0.0231	pay 0.0029% / 1h	16m 36s	$15.3M	$3.6M	3x
Short	Aster GRASSUSDT	0.4127	0.0664	get 0.0332% / 4h	16m 36s	$64K	$208K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Hyperliquid. 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 HyperliquidbpFee AsterbpOrdersPrice spread, now −0.022%Rate

Funding earned: $90.98
Price spread: −0.022% → −0.109%: $8.73
Slippage, 4 orders: no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Aster: 4 bp × 2 orders: −$8
Net: $82.71
Costs to cover: 0.170%
Break-even: 0.6 days

Slippage unknown: Hyperliquid: live order book, 6 min ago; Aster: live order book, 36 min ago. 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 Hyperliquid live order book, 6 min ago	3.85 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Aster live order book, 36 min ago	10.40 bp	22.8 bp −$23	doesn't fit	doesn't fit	doesn't fit

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	−0.0113%	1h	0.4130	+0.045%	$621	—	15x	as long as short
Injective GRASS/USDC PERP	+0.0033%	1h	0.4267	+3.360%	$7	$23K	5.5x	as long as short
Binance GRASSUSDT	+0.0100%	4h	0.4124	−0.104%	$9.7M	$24.9M	75x	as long as short
Bybit GRASSUSDT	+0.0100%	4h	0.4118	−0.249%	$23.3M	$14.6M	25x	as long as short
OKX GRASS-USDT-SWAP	+0.0100%	4h	0.4120	−0.201%	$3.0M	$12.4M	20x	as long as short
Gate GRASS_USDT	+0.0100%	4h	0.4121	−0.177%	$1.1M	$1.5M	50x	as long as short
MEXC GRASS_USDT	+0.0100%	4h	0.4123	−0.128%	$1.2M	$2.2M	100x	as long as short
Bitget GRASSUSDT	+0.0100%	4h	0.4116	−0.291%	$4.8M	$2.8M	75x	as long as short
BingX GRASS-USDT	+0.0100%	4h	0.4121	−0.177%	—	$7.3M	—	as long as short
Variational Omni GRASS	+0.0100%	4h	0.4128	−0.009%	$2.0M	$1.2M	—	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended GRASS-USD	+0.0104%	1h	0.4118	−0.250%	$204K	$823K	10x	as long as short
KuCoin GRASSUSDTM	+0.0134%	4h	0.4123	−0.128%	$1.3M	$1.3M	50x	as long as short
BloFin GRASS-USDT	+0.0157%	4h	0.4133	+0.114%	$525K	$290K	20x	as long as short
Hyperliquid GRASSlong	+0.0231%	1h	0.4128	long leg	$15.3M	$3.6M	3x
Aster GRASSUSDTshort	+0.0664%	4h	0.4127	−0.022%	$64K	$208K	10x
Kraken Futures PF_GRASSUSD	+0.1412%	1h	0.4132	+0.093%	$146K	$124K	20x	as long as short
Lighter GRASS	+0.2568%	1h	0.4141	+0.300%	$808K	$774K	5x	as long as short