Funding arb · Price arb /

GRASS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0119%/8h= −13.0% APRpaid last 24h +0.046%

Price spread now: Injective against BloFin−6.199%7-day average — · you buy dearer than you sell

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

Long on BloFin 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 −$4 a day on $10k at the current rate, and Injective is 6.199% cheaper against BloFin than usual: you would sell low and buy high (−$620 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin GRASS-USDT	0.4549	0.0152	pay 0.0076% / 4h	1h 52m	$576K	$534K	20x
Short	Injective GRASS/USDC PERP	0.4267	0.0033	get 0.0004% / 1h	52m 35s	$7	$23K	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against BloFin. 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 BloFinbpFee InjectivebpOrdersPrice spread, now −6.199%Rate

Funding earned: −$24.95
Price spread: −6.199% → 0.000%: −$619.92
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$656.89
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: BloFin: live order book, 56 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 BloFin live order book, 56 min ago	6.60 bp	14.7 bp −$15	48.9 bp −$489	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 exchanges

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	−0.0106%	1h	0.4531	−0.397%	$681	—	15x	as long as short
Kraken Futures PF_GRASSUSD	−0.0099%	1h	0.4525	−0.528%	$164K	$176K	20x	as long as short
Injective GRASS/USDC PERPshort	+0.0033%	1h	0.4267	−6.199%	$7	$23K	5.5x
Hyperliquid GRASS	+0.0100%	1h	0.4535	−0.303%	$17.3M	$5.3M	3x	as long as short
Binance GRASSUSDT	+0.0100%	4h	0.4532	−0.363%	$10.9M	$47.6M	75x	as long as short
Bybit GRASSUSDT	+0.0100%	4h	0.4535	−0.317%	$26.2M	$24.2M	25x	as long as short
OKX GRASS-USDT-SWAP	+0.0100%	4h	0.4534	−0.330%	$3.5M	$26.4M	20x	as long as short
Gate GRASS_USDT	+0.0100%	4h	0.4533	−0.352%	$1.2M	$2.1M	50x	as long as short
MEXC GRASS_USDT	+0.0100%	4h	0.4533	−0.352%	$1.9M	$3.5M	100x	as long as short
KuCoin GRASSUSDTM	+0.0100%	4h	0.4532	−0.374%	$1.4M	$2.6M	50x	as long as short

Show all 17 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget GRASSUSDT	+0.0100%	4h	0.4532	−0.369%	$5.4M	$5.1M	75x	as long as short
BingX GRASS-USDT	+0.0100%	4h	0.4534	−0.330%	—	$7.5M	—	as long as short
Variational Omni GRASS	+0.0100%	4h	0.4503	−1.003%	$2.3M	$1.5M	—	as long as short
Extended GRASS-USD	+0.0104%	1h	0.4534	−0.335%	$226K	$1.3M	10x	as long as short
BloFin GRASS-USDTlong	+0.0152%	4h	0.4549	long leg	$576K	$534K	20x
Aster GRASSUSDT	+0.0260%	4h	0.4536	−0.286%	$80K	$400K	10x	as long as short
Lighter GRASS	+0.0824%	1h	0.4549	0.000%	$881K	$1.1M	5x	as long as short