Funding arb · Price arb /

GRASS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0481%/8h= −52.6% APRpaid last 24h −0.111%

Price spread now: Injective against Aster+0.635%7-day average — · you sell dearer than you buy

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

Long on Aster 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—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

The price spread pays, funding is against you. Injective is 0.635% dearer against Aster than usual: you sell high and buy low (spread +0.635% now, against zero (this spread has no 7-day history yet)): +$64 on $10k if it goes back. Holding the pair costs −$14 a day in funding at the current rate, which eats that in about 4.4 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster GRASSUSDT	0.4240	0.0514	pay 0.0257% / 4h	44m 55s	$66K	$232K	10x
Short	Injective GRASS/USDC PERP	0.4267	0.0033	get 0.0004% / 1h	44m 55s	$7	$23K	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against Aster. 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 AsterbpFee InjectivebpOrdersPrice spread, now +0.635%Rate

Funding earned: −$100.94
Price spread: +0.635% → 0.000%: $63.51
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$45.44
Costs to cover: 0.080%
Break-even: from the start

Slippage unknown: Aster: live order book, 53 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 Aster live order book, 53 min ago	8.30 bp	25.2 bp −$25	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	−0.0110%	1h	0.4236	−0.095%	$637	—	15x	as long as short
Injective GRASS/USDC PERPshort	+0.0033%	1h	0.4267	+0.635%	$7	$23K	5.5x
BloFin GRASS-USDT	+0.0081%	4h	0.4235	−0.120%	$425K	$308K	20x	as long as short
Hyperliquid GRASS	+0.0100%	1h	0.4242	+0.041%	$16.0M	$4.0M	3x	as long as short
Binance GRASSUSDT	+0.0100%	4h	0.4239	−0.016%	$10.1M	$30.0M	75x	as long as short
Bybit GRASSUSDT	+0.0100%	4h	0.4239	−0.037%	$23.8M	$17.1M	25x	as long as short
OKX GRASS-USDT-SWAP	+0.0100%	4h	0.4243	+0.069%	$3.3M	$16.2M	20x	as long as short
Gate GRASS_USDT	+0.0100%	4h	0.4240	−0.002%	$1.2M	$1.6M	50x	as long as short
MEXC GRASS_USDT	+0.0100%	4h	0.4241	+0.022%	$1.3M	$2.4M	100x	as long as short
KuCoin GRASSUSDTM	+0.0100%	4h	0.4240	−0.002%	$1.2M	$1.7M	50x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget GRASSUSDT	+0.0100%	4h	0.4239	−0.018%	$4.9M	$3.3M	75x	as long as short
BingX GRASS-USDT	+0.0100%	4h	0.4241	+0.022%	—	$7.3M	—	as long as short
Variational Omni GRASS	+0.0100%	4h	0.4236	−0.103%	$2.1M	$1.3M	—	as long as short
Extended GRASS-USD	+0.0104%	1h	0.4240	−0.004%	$210K	$898K	10x	as long as short
Aster GRASSUSDTlong	+0.0514%	4h	0.4240	long leg	$66K	$232K	10x
Kraken Futures PF_GRASSUSD	+0.0795%	1h	0.4236	−0.102%	$153K	$132K	20x	as long as short
Lighter GRASS	+0.2112%	1h	0.4256	+0.380%	$910K	$880K	5x	as long as short