Funding arb · Price arb /

GRASS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h −0.046%

Price spread now: KuCoin against Injective−0.187%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 KuCoin

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. KuCoin is 0.187% cheaper against Injective than usual: you would sell low and buy high (spread −0.187% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$19 on $10k: about 9.4 days 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	15m 00s	$7	$23K	5.5x
Short	KuCoin GRASSUSDTM	0.4259	0.0100	get 0.0050% / 4h	1h 15m	$1.3M	$1.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Injective. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 KuCoinbpOrdersPrice spread, now −0.187%Rate

Funding earned: $14
Price spread: −0.187% → 0.000%: −$18.75
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$16.77
Costs to cover: 0.120%
Break-even: 15.4 days

Slippage unknown: Injective: no order-book sample; KuCoin: 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 Injective no order-book sample	—	—	—	—	—
Sell KuCoin live order book, 1 min ago	7.04 bp	29.8 bp −$30	285.0 bp −$2,850	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	−0.0111%	1h	0.4259	−0.190%	$640	—	15x	as long as short
Kraken Futures PF_GRASSUSD	+0.0004%	1h	0.4260	−0.153%	$152K	$130K	20x	as long as short
Injective GRASS/USDC PERPlong	+0.0033%	1h	0.4267	long leg	$7	$23K	5.5x
Binance GRASSUSDT	+0.0100%	4h	0.4263	−0.103%	$10.2M	$29.4M	75x	as long as short
Bybit GRASSUSDT	+0.0100%	4h	0.4257	−0.234%	$23.8M	$16.8M	25x	as long as short
OKX GRASS-USDT-SWAP	+0.0100%	4h	0.4258	−0.211%	$3.2M	$15.8M	20x	as long as short
Gate GRASS_USDT	+0.0100%	4h	0.4257	−0.234%	$1.2M	$1.6M	50x	as long as short
MEXC GRASS_USDT	+0.0100%	4h	0.4263	−0.094%	$1.2M	$2.4M	100x	as long as short
KuCoin GRASSUSDTMshort	+0.0100%	4h	0.4259	−0.187%	$1.3M	$1.7M	50x
Bitget GRASSUSDT	+0.0100%	4h	0.4257	−0.225%	$4.9M	$3.2M	75x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX GRASS-USDT	+0.0100%	4h	0.4258	−0.211%	—	$7.3M	—	as long as short
Variational Omni GRASS	+0.0100%	4h	0.4258	−0.219%	$2.1M	$1.2M	—	as long as short
Extended GRASS-USD	+0.0104%	1h	0.4259	−0.185%	$211K	$904K	10x	as long as short
BloFin GRASS-USDT	+0.0158%	4h	0.4260	−0.164%	$421K	$307K	20x	as long as short
Aster GRASSUSDT	+0.0570%	4h	0.4261	−0.138%	$66K	$226K	10x	as long as short
Hyperliquid GRASS	+0.0894%	1h	0.4267	−0.009%	$16.1M	$3.9M	3x	as long as short
Lighter GRASS	+0.1944%	1h	0.4279	+0.274%	$837K	$789K	5x	as long as short