Funding arb · Price arb /

GRASS

all GRASS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h +0.047%

Price spread now: Injective against Variational Omni+3.396%7-day average — · you sell dearer than you buy

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

Long on Variational Omni Short on Injective

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

The price spread pays, funding is against you. Injective is 3.396% dearer against Variational Omni than usual: you sell high and buy low (spread +3.396% now, against zero (this spread has no 7-day history yet)): +$340 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 6 months.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni GRASS	0.4127	0.0100	pay 0.0050% / 4h	3h 46m	$2.0M	$1.2M	—
Short	Injective GRASS/USDC PERP	0.4267	0.0033	get 0.0004% / 1h	46m 46s	$7	$23K	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against Variational Omni. 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 Variational OmnibpFee InjectivebpOrdersPrice spread, now +3.396%Rate

Funding earned: −$14
Price spread: +3.396% → 0.000%: $339.58
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $325.56
Costs to cover: 0.000%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 2 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 Variational Omni RFQ quote, 2 min ago	4.82 bp	doesn't fit	48.2 bp −$482	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	−0.0112%	1h	0.4186	+1.424%	$629	—	15x	as long as short
Injective GRASS/USDC PERPshort	+0.0033%	1h	0.4267	+3.396%	$7	$23K	5.5x
BloFin GRASS-USDT	+0.0060%	4h	0.4187	+1.457%	$528K	$301K	20x	as long as short
Binance GRASSUSDT	+0.0100%	4h	0.4189	+1.506%	$9.9M	$26.1M	75x	as long as short
Bybit GRASSUSDT	+0.0100%	4h	0.4183	+1.368%	$23.8M	$15.0M	25x	as long as short
OKX GRASS-USDT-SWAP	+0.0100%	4h	0.4186	+1.433%	$3.1M	$13.3M	20x	as long as short
Gate GRASS_USDT	+0.0100%	4h	0.4184	+1.385%	$1.1M	$1.5M	50x	as long as short
MEXC GRASS_USDT	+0.0100%	4h	0.4189	+1.506%	$1.2M	$2.2M	100x	as long as short
Bitget GRASSUSDT	+0.0100%	4h	0.4178	+1.249%	$4.9M	$2.9M	75x	as long as short
BingX GRASS-USDT	+0.0100%	4h	0.4183	+1.360%	—	$7.3M	—	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni GRASSlong	+0.0100%	4h	0.4127	long leg	$2.0M	$1.2M	—
Extended GRASS-USD	+0.0104%	1h	0.4186	+1.430%	$208K	$942K	10x	as long as short
KuCoin GRASSUSDTM	+0.0110%	4h	0.4189	+1.506%	$1.3M	$1.4M	50x	as long as short
Kraken Futures PF_GRASSUSD	+0.0279%	1h	0.4189	+1.499%	$148K	$125K	20x	as long as short
Aster GRASSUSDT	+0.0582%	4h	0.4185	+1.414%	$66K	$212K	10x	as long as short
Hyperliquid GRASS	+0.0601%	1h	0.4193	+1.612%	$15.6M	$3.7M	3x	as long as short
Lighter GRASS	+0.1976%	1h	0.4203	+1.852%	$820K	$780K	5x	as long as short