Funding arb · Price arb /

GRASS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h +0.046%

Price spread now: Injective against KuCoin−5.493%70s7-day average — · you buy dearer than you sell

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

Long on KuCoin Short on Injective

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

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Injective is 5.493% cheaper against KuCoin than usual: you would sell low and buy high (−$549 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 70 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin GRASSUSDTM	0.4515	0.0100	pay 0.0050% / 4h	0m 01s	$1.3M	$2.1M	50x
Short	Injective GRASS/USDC PERP	0.4267	0.0033	get 0.0004% / 1h	0m 01s	$7	$23K	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against KuCoin. 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 KuCoinbpFee InjectivebpOrdersPrice spread, now −5.493%Rate

Funding earned: −$14
Price spread: −5.493% → 0.000%: −$549.28
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$575.3
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 6 min ago; Injective: 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 KuCoin live order book, 6 min ago	9.96 bp	44.5 bp −$44	doesn't fit	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

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	−0.0107%	1h	0.4517	+0.049%	$679	—	15x	as long as short
Injective GRASS/USDC PERPshort	+0.0033%	1h	0.4267	−5.493%	$7	$23K	5.5x
BloFin GRASS-USDT	+0.0046%	4h	0.4503	−0.266%	$559K	$410K	20x	as long as short
Binance GRASSUSDT	+0.0100%	4h	0.4527	+0.266%	$10.6M	$38.6M	75x	as long as short
Bybit GRASSUSDT	+0.0100%	4h	0.4519	+0.084%	$26.1M	$21.1M	25x	as long as short
OKX GRASS-USDT-SWAP	+0.0100%	4h	0.4522	+0.155%	$3.5M	$23.0M	20x	as long as short
Gate GRASS_USDT	+0.0100%	4h	0.4515	0.000%	$1.3M	$2.0M	50x	as long as short
MEXC GRASS_USDT	+0.0100%	4h	0.4522	+0.155%	$1.8M	$3.0M	100x	as long as short
KuCoin GRASSUSDTMlong	+0.0100%	4h	0.4515	long leg	$1.3M	$2.1M	50x
Bitget GRASSUSDT	+0.0100%	4h	0.4520	+0.111%	$5.3M	$4.0M	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	0.4519	+0.089%	—	$7.5M	—	as long as short
Variational Omni GRASS	+0.0100%	4h	0.4500	−0.335%	$2.2M	$1.4M	—	as long as short
Extended GRASS-USD	+0.0104%	1h	0.4519	+0.082%	$223K	$1.3M	10x	as long as short
Aster GRASSUSDT	+0.0472%	4h	0.4518	+0.066%	$61K	$328K	10x	as long as short
Hyperliquid GRASS	+0.0476%	1h	0.4528	+0.292%	$17.2M	$4.7M	3x	as long as short
Kraken Futures PF_GRASSUSD	+0.0964%	1h	0.4520	+0.105%	$162K	$162K	20x	as long as short
Lighter GRASS	+0.1136%	1h	0.4537	+0.485%	$875K	$1.0M	5x	as long as short