Funding arb · Price arb /

GRASS

all GRASS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0360%/8h= −39.5% APRpaid last 24h −0.174%

Price spread now: OKX against Hyperliquid−0.395%7-day average −0.180% · you buy dearer than you sell

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

Long on Hyperliquid Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.532%−$53 on $10k

Price spread, last 7 days+0.139%+$14 · spread now −0.395%, 7d avg −0.180%

Together, before fees−0.394%+ Points / potential airdropHyperliquid: Season 2 · farm board−$39 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$11 a day on $10k at the current rate, and OKX is 0.215% cheaper against Hyperliquid than usual: you would sell low and buy high (−$21 if the spread goes back to its 7-day average of −0.180%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid GRASS	0.4380	0.0460	pay 0.0058% / 1h	32m 17s	$16.7M	$4.3M	3x
Short	OKX GRASS-USDT-SWAP	0.4363	0.0100	get 0.0050% / 4h	2h 32m	$3.4M	$19.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.395%Rate

Funding earned: −$75.69
Price spread: −0.395% → −0.180%: −$21.47
Slippage, 4 orders: no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee OKX: 5 bp × 2 orders: −$10
Net: −$116.16
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: Hyperliquid: live order book, 11 min ago; OKX: live order book, 1 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, 11 min ago	2.12 bp	16.8 bp −$17	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 1 min ago	3.41 bp	19.9 bp −$20	54.2 bp −$542	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	−0.0109%	1h	0.4374	−0.152%	$657	—	15x	as long as short
Injective GRASS/USDC PERP	+0.0033%	1h	0.4267	−2.587%	$7	$23K	5.5x	as long as short
Binance GRASSUSDT	+0.0100%	4h	0.4359	−0.483%	$10.3M	$34.0M	75x	as long as short
Bybit GRASSUSDT	+0.0100%	4h	0.4358	−0.518%	$24.8M	$18.9M	25x	as long as short
OKX GRASS-USDT-SWAPshort	+0.0100%	4h	0.4363	−0.395%	$3.4M	$19.3M	20x
Gate GRASS_USDT	+0.0100%	4h	0.4374	−0.144%	$1.2M	$1.7M	50x	as long as short
MEXC GRASS_USDT	+0.0100%	4h	0.4360	−0.463%	$1.5M	$2.7M	100x	as long as short
KuCoin GRASSUSDTM	+0.0100%	4h	0.4355	−0.578%	$1.3M	$1.9M	50x	as long as short
Bitget GRASSUSDT	+0.0100%	4h	0.4352	−0.651%	$5.1M	$3.6M	75x	as long as short
BingX GRASS-USDT	+0.0100%	4h	0.4372	−0.189%	—	$7.3M	—	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni GRASS	+0.0100%	4h	0.4429	+1.119%	$2.2M	$1.3M	—	as long as short
Extended GRASS-USD	+0.0104%	1h	0.4356	−0.547%	$218K	$775K	10x	as long as short
BloFin GRASS-USDT	+0.0120%	4h	0.4394	+0.313%	$568K	$369K	20x	as long as short
Hyperliquid GRASSlong	+0.0460%	1h	0.4380	long leg	$16.7M	$4.3M	3x
Aster GRASSUSDT	+0.0468%	4h	0.4368	−0.273%	$63K	$290K	10x	as long as short
Kraken Futures PF_GRASSUSD	+0.1472%	1h	0.4355	−0.573%	$158K	$147K	20x	as long as short
Lighter GRASS	+0.1752%	1h	0.4377	−0.082%	$844K	$979K	5x	as long as short