Funding arb · Price arb /

GRASS

all GRASS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h −0.047%

Price spread now: BingX against Injective−2.906%7-day average — · you buy dearer than you sell

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

Long on Injective Short on BingX

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

Funding pays, the price is against you. BingX is 2.906% cheaper against Injective than usual: you would sell low and buy high (spread −2.906% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$291 on $10k: about 5 months of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective GRASS/USDC PERP	0.4267	0.0033	pay 0.0004% / 1h	42m 59s	$7	$23K	5.5x
Short	BingX GRASS-USDT	0.4143	0.0100	get 0.0050% / 4h	3h 42m	—	$7.3M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Injective. 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 InjectivebpFee BingXbpOrdersPrice spread, now −2.906%Rate

Funding earned: $14
Price spread: −2.906% → 0.000%: −$290.6
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee BingX: 5 bp × 2 orders: −$10
Net: −$286.62
Costs to cover: 0.100%
Break-even: 150.3 days

Slippage unknown: Injective: no order-book sample; BingX: live order book, 5 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 Injective no order-book sample	—	—	—	—	—
Sell BingX live order book, 5 min ago	5.97 bp	23.8 bp −$24	37.4 bp −$374	256.9 bp −$25.7K	548.8 bp −$274.4K

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	−0.0112%	1h	0.4145	−2.862%	$623	—	15x	as long as short
Injective GRASS/USDC PERPlong	+0.0033%	1h	0.4267	long leg	$7	$23K	5.5x
Binance GRASSUSDT	+0.0100%	4h	0.4144	−2.891%	$9.8M	$26.4M	75x	as long as short
Bybit GRASSUSDT	+0.0100%	4h	0.4139	−3.002%	$23.5M	$15.3M	25x	as long as short
OKX GRASS-USDT-SWAP	+0.0100%	4h	0.4142	−2.929%	$3.0M	$13.3M	20x	as long as short
Gate GRASS_USDT	+0.0100%	4h	0.4141	−2.953%	$1.1M	$1.5M	50x	as long as short
MEXC GRASS_USDT	+0.0100%	4h	0.4144	−2.883%	$1.2M	$2.2M	100x	as long as short
Bitget GRASSUSDT	+0.0100%	4h	0.4135	−3.089%	$4.8M	$3.0M	75x	as long as short
BingX GRASS-USDTshort	+0.0100%	4h	0.4143	−2.906%	—	$7.3M	—
Variational Omni GRASS	+0.0100%	4h	0.4185	−1.925%	$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	0.4141	−2.956%	$205K	$1.0M	10x	as long as short
KuCoin GRASSUSDTM	+0.0114%	4h	0.4146	−2.836%	$1.3M	$1.4M	50x	as long as short
BloFin GRASS-USDT	+0.0147%	4h	0.4147	−2.812%	$522K	$298K	20x	as long as short
Kraken Futures PF_GRASSUSD	+0.0282%	1h	0.4143	−2.897%	$148K	$127K	20x	as long as short
Hyperliquid GRASS	+0.0536%	1h	0.4147	−2.810%	$15.4M	$3.7M	3x	as long as short
Aster GRASSUSDT	+0.0550%	4h	0.4151	−2.717%	$65K	$214K	10x	as long as short
Lighter GRASS	+0.1928%	1h	0.4161	−2.489%	$812K	$780K	5x	as long as short