Funding arb · Price arb /

GRASS

all GRASS markets

Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: OKX against Injective−3.422%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 OKX

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. OKX is 3.422% cheaper against Injective than usual: you would sell low and buy high (spread −3.422% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$342 on $10k: about 6 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	27m 20s	$7	$23K	5.5x
Short	OKX GRASS-USDT-SWAP	0.4121	0.0100	get 0.0050% / 4h	27m 20s	$3.0M	$12.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −3.422%Rate

Funding earned: $14
Price spread: −3.422% → 0.000%: −$342.16
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee OKX: 5 bp × 2 orders: −$10
Net: −$338.18
Costs to cover: 0.100%
Break-even: 176.1 days

Slippage unknown: Injective: no order-book sample; 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 Injective no order-book sample	—	—	—	—	—
Sell OKX live order book, 1 min ago	1.22 bp	25.2 bp −$25	61.1 bp −$611	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	0.4130	−3.222%	$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	0.4121	−3.427%	$9.8M	$24.5M	75x	as long as short
Bybit GRASSUSDT	+0.0100%	4h	0.4120	−3.452%	$23.3M	$14.5M	25x	as long as short
OKX GRASS-USDT-SWAPshort	+0.0100%	4h	0.4121	−3.422%	$3.0M	$12.1M	20x
Gate GRASS_USDT	+0.0100%	4h	0.4123	−3.375%	$1.1M	$1.5M	50x	as long as short
MEXC GRASS_USDT	+0.0100%	4h	0.4132	−3.164%	$1.1M	$2.1M	100x	as long as short
Bitget GRASSUSDT	+0.0100%	4h	0.4122	−3.396%	$4.8M	$2.8M	75x	as long as short
BingX GRASS-USDT	+0.0100%	4h	0.4123	−3.375%	—	$7.3M	—	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	0.4102	−3.856%	$203K	$823K	10x	as long as short
BloFin GRASS-USDT	+0.0146%	4h	0.4129	−3.234%	$532K	$289K	20x	as long as short
KuCoin GRASSUSDTM	+0.0156%	4h	0.4104	−3.820%	$1.2M	$1.3M	50x	as long as short
Hyperliquid GRASS	+0.0182%	1h	0.4109	−3.693%	$15.3M	$3.6M	3x	as long as short
Aster GRASSUSDT	+0.0705%	4h	0.4107	−3.742%	$64K	$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	+0.2616%	1h	0.4130	−3.215%	$806K	$768K	5x	as long as short