Funding arb · Price arb /

GRASS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0414%/8h= +45.4% APRpaid last 24h +0.173%

Price spread now: Hyperliquid against OKX+0.067%7-day average +0.179% · you sell dearer than you buy

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

Long on OKX Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days+0.541%+$54 on $10k

Price spread, last 7 days+0.156%+$16 · spread now +0.067%, 7d avg +0.179%

Together, before fees+0.697%+ Points / potential airdropHyperliquid: Season 2 · farm board+$70 on $10k · with fees, hour by hour

Funding pays, the price is against you. Hyperliquid is 0.112% cheaper against OKX than usual: you would sell low and buy high (spread +0.067% now, against its 7-day average of +0.179%). If the spread goes back, that is −$11 on $10k: about 22 hours of funding at the current rate (+$12 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX GRASS-USDT-SWAP	0.4471	0.0100	pay 0.0050% / 4h	24m 24s	$3.5M	$22.4M	20x
Short	Hyperliquid GRASS	0.4474	0.0514	get 0.0064% / 1h	24m 24s	$17.0M	$4.7M	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against OKX. 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 OKXbpFee HyperliquidbpOrdersPrice spread, now +0.067%Rate

Funding earned: $87.01
Price spread: +0.067% → +0.179%: −$11.2
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: $56.8
Costs to cover: 0.190%
Break-even: 2.4 days

Slippage unknown: OKX: live order book, 4 min ago; Hyperliquid: live order book, 8 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 OKX live order book, 4 min ago	3.35 bp	18.5 bp −$18	74.1 bp −$741	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 8 min ago	5.77 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit

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	0.4467	−0.085%	$671	—	15x	as long as short
Injective GRASS/USDC PERP	+0.0033%	1h	0.4267	−4.563%	$7	$23K	5.5x	as long as short
Binance GRASSUSDT	+0.0100%	4h	0.4469	−0.045%	$10.5M	$38.0M	75x	as long as short
Bybit GRASSUSDT	+0.0100%	4h	0.4468	−0.067%	$25.7M	$20.8M	25x	as long as short
OKX GRASS-USDT-SWAPlong	+0.0100%	4h	0.4471	long leg	$3.5M	$22.4M	20x
Gate GRASS_USDT	+0.0100%	4h	0.4471	0.000%	$1.3M	$1.9M	50x	as long as short
MEXC GRASS_USDT	+0.0100%	4h	0.4472	+0.022%	$1.6M	$2.9M	100x	as long as short
KuCoin GRASSUSDTM	+0.0100%	4h	0.4474	+0.067%	$1.3M	$2.1M	50x	as long as short
Bitget GRASSUSDT	+0.0100%	4h	0.4469	−0.056%	$5.2M	$4.0M	75x	as long as short
BingX GRASS-USDT	+0.0100%	4h	0.4470	−0.022%	—	$7.4M	—	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni GRASS	+0.0100%	4h	0.4458	−0.287%	$2.2M	$1.4M	—	as long as short
Extended GRASS-USD	+0.0104%	1h	0.4467	−0.099%	$225K	$1.3M	10x	as long as short
BloFin GRASS-USDT	+0.0143%	4h	0.4470	−0.022%	$566K	$398K	20x	as long as short
Aster GRASSUSDT	+0.0435%	4h	0.4469	−0.054%	$61K	$329K	10x	as long as short
Hyperliquid GRASSshort	+0.0514%	1h	0.4474	+0.067%	$17.0M	$4.7M	3x
Kraken Futures PF_GRASSUSD	+0.0975%	1h	0.4472	+0.016%	$160K	$162K	20x	as long as short
Lighter GRASS	+0.1224%	1h	0.4493	+0.499%	$867K	$1.0M	5x	as long as short