Funding arb · Price arb /

GRASS

all GRASS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h +0.047%

Price spread now: Injective against Binance+0.788%7-day average — · you sell dearer than you buy

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

Long on Binance 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

The price spread pays, funding is against you. Injective is 0.788% dearer against Binance than usual: you sell high and buy low (spread +0.788% now, against zero (this spread has no 7-day history yet)): +$79 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 39 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance GRASSUSDT	0.4234	0.0100	pay 0.0050% / 4h	40m 52s	$10.1M	$30.1M	75x
Short	Injective GRASS/USDC PERP	0.4267	0.0033	get 0.0004% / 1h	40m 52s	$7	$23K	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against Binance. 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 BinancebpFee InjectivebpOrdersPrice spread, now +0.788%Rate

Funding earned: −$14
Price spread: +0.788% → 0.000%: $78.81
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $54.79
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: Binance: live order book, 16 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 Binance live order book, 16 min ago	3.51 bp	21.2 bp −$21	39.0 bp −$390	427.4 bp −$42.7K	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	0.4223	−0.244%	$635	—	15x	as long as short
Injective GRASS/USDC PERPshort	+0.0033%	1h	0.4267	+0.788%	$7	$23K	5.5x
BloFin GRASS-USDT	+0.0095%	4h	0.4234	+0.009%	$551K	$309K	20x	as long as short
Hyperliquid GRASS	+0.0100%	1h	0.4239	+0.127%	$16.0M	$4.0M	3x	as long as short
Binance GRASSUSDTlong	+0.0100%	4h	0.4234	long leg	$10.1M	$30.1M	75x
Bybit GRASSUSDT	+0.0100%	4h	0.4230	−0.086%	$23.7M	$17.2M	25x	as long as short
OKX GRASS-USDT-SWAP	+0.0100%	4h	0.4229	−0.109%	$3.3M	$16.2M	20x	as long as short
Gate GRASS_USDT	+0.0100%	4h	0.4228	−0.133%	$1.2M	$1.6M	50x	as long as short
MEXC GRASS_USDT	+0.0100%	4h	0.4233	−0.015%	$1.3M	$2.4M	100x	as long as short
KuCoin GRASSUSDTM	+0.0100%	4h	0.4230	−0.086%	$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	0.4235	+0.032%	$4.9M	$3.3M	75x	as long as short
BingX GRASS-USDT	+0.0100%	4h	0.4231	−0.062%	—	$7.3M	—	as long as short
Variational Omni GRASS	+0.0100%	4h	0.4225	−0.199%	$2.1M	$1.3M	—	as long as short
Extended GRASS-USD	+0.0104%	1h	0.4230	−0.088%	$210K	$898K	10x	as long as short
Aster GRASSUSDT	+0.0492%	4h	0.4230	−0.096%	$66K	$233K	10x	as long as short
Kraken Futures PF_GRASSUSD	+0.0797%	1h	0.4226	−0.187%	$152K	$132K	20x	as long as short
Lighter GRASS	+0.2168%	1h	0.4246	+0.297%	$908K	$882K	5x	as long as short