Funding arb · Price arb /

GRASS

all GRASS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0112%/8h= +12.3% APRpaid last 24h −0.041%

Price spread now: BloFin against Injective−3.234%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 BloFin

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. BloFin is 3.234% cheaper against Injective than usual: you would sell low and buy high (spread −3.234% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$323 on $10k: about 3 months of funding at the current rate (+$3 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	27m 51s	$7	$23K	5.5x
Short	BloFin GRASS-USDT	0.4129	0.0146	get 0.0073% / 4h	27m 51s	$532K	$289K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now −3.234%Rate

Funding earned: $23.58
Price spread: −3.234% → 0.000%: −$323.41
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$311.85
Costs to cover: 0.120%
Break-even: 99.6 days

Slippage unknown: Injective: no order-book sample; BloFin: live order book, 48 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 BloFin live order book, 48 min ago	6.85 bp	25.0 bp −$25	55.8 bp −$558	doesn't fit	doesn't fit

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	−0.0113%	1h	0.4131	−3.186%	$621	—	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	0.4116	−3.550%	$9.8M	$24.3M	75x	as long as short
Bybit GRASSUSDT	+0.0100%	4h	0.4109	−3.696%	$23.1M	$14.2M	25x	as long as short
OKX GRASS-USDT-SWAP	+0.0100%	4h	0.4112	−3.633%	$3.0M	$12.0M	20x	as long as short
Gate GRASS_USDT	+0.0100%	4h	0.4105	−3.797%	$1.1M	$1.5M	50x	as long as short
MEXC GRASS_USDT	+0.0100%	4h	0.4110	−3.679%	$1.1M	$2.1M	100x	as long as short
Bitget GRASSUSDT	+0.0100%	4h	0.4117	−3.513%	$4.8M	$2.8M	75x	as long as short
BingX GRASS-USDT	+0.0100%	4h	0.4112	−3.633%	—	$7.2M	—	as long as short
Variational Omni GRASS	+0.0100%	4h	0.4141	−2.964%	$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	0.4116	−3.539%	$203K	$823K	10x	as long as short
BloFin GRASS-USDTshort	+0.0146%	4h	0.4129	−3.234%	$532K	$289K	20x
KuCoin GRASSUSDTM	+0.0160%	4h	0.4131	−3.187%	$1.3M	$1.3M	50x	as long as short
Hyperliquid GRASS	+0.0165%	1h	0.4135	−3.089%	$15.4M	$3.6M	3x	as long as short
Aster GRASSUSDT	+0.0722%	4h	0.4128	−3.265%	$65K	$207K	10x	as long as short
Kraken Futures PF_GRASSUSD	+0.1412%	1h	0.4131	−3.186%	$147K	$116K	20x	as long as short
Lighter GRASS	+0.2656%	1h	0.4150	−2.744%	$810K	$768K	5x	as long as short