GRASS

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0396%/8h= −43.4% APRnext payment −$0.50 per $10,000 · paid last 24h −0.241%

Price spread now: Reya against Hyperliquid−0.489%7-day average — · you buy dearer than you sell

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

Long on Hyperliquid Short on Reya

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropHyperliquid: Season 2 · Reya: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$12 a day on $10k at the current rate, and Reya is 0.489% cheaper against Hyperliquid than usual: you would sell low and buy high (−$49 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	Hyperliquid GRASS	0.4158	0.0284	pay 0.0035% / 1h	10m 47s	$15.5M	$3.6M	3x
Short	Reya GRASSRUSDPERP	0.4137	−0.0113	pay 0.0014% / 1h	10m 47s	$622	—	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya 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 ReyabpOrdersPrice spread, now −0.489%Rate

Funding earned: −$83.26
Price spread: −0.489% → 0.000%: −$48.88
Slippage, 4 orders: no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Reya: 3 bp × 2 orders: −$6
Net: −$147.14
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Hyperliquid: live order book, 2 min ago; Reya: 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 Hyperliquid live order book, 2 min ago	2.53 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Reya no order-book sample	—	—	—	—	—

Reya: 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 GRASSRUSDPERPshort	−0.0113%	1h	0.4137	−0.489%	$622	—	15x
Injective GRASS/USDC PERP	+0.0033%	1h	0.4267	+2.634%	$7	$23K	5.5x	as long as short
BloFin GRASS-USDT	+0.0073%	4h	0.4155	−0.060%	$522K	$295K	20x	as long as short
Binance GRASSUSDT	+0.0100%	4h	0.4156	−0.032%	$9.8M	$25.0M	75x	as long as short
Bybit GRASSUSDT	+0.0100%	4h	0.4149	−0.202%	$23.4M	$14.6M	25x	as long as short
OKX GRASS-USDT-SWAP	+0.0100%	4h	0.4153	−0.108%	$3.0M	$12.6M	20x	as long as short
Gate GRASS_USDT	+0.0100%	4h	0.4144	−0.325%	$1.1M	$1.5M	50x	as long as short
MEXC GRASS_USDT	+0.0100%	4h	0.4152	−0.132%	$1.2M	$2.2M	100x	as long as short
Bitget GRASSUSDT	+0.0100%	4h	0.4150	−0.183%	$4.8M	$2.8M	75x	as long as short
BingX GRASS-USDT	+0.0100%	4h	0.4150	−0.180%	—	$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	0.4144	−0.315%	$2.0M	$1.2M	—	as long as short
Extended GRASS-USD	+0.0104%	1h	0.4152	−0.133%	$205K	$823K	10x	as long as short
KuCoin GRASSUSDTM	+0.0120%	4h	0.4150	−0.180%	$1.3M	$1.3M	50x	as long as short
Hyperliquid GRASSlong	+0.0284%	1h	0.4158	long leg	$15.5M	$3.6M	3x
Aster GRASSUSDT	+0.0661%	4h	0.4152	−0.132%	$64K	$208K	10x	as long as short
Kraken Futures PF_GRASSUSD	+0.1407%	1h	0.4148	−0.220%	$147K	$124K	20x	as long as short
Lighter GRASS	+0.2608%	1h	0.4163	+0.142%	$813K	$774K	5x	as long as short