Funding you earn now, next payment 00:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h +0.047%
Price spread now: Injective against Bybit+2.918%48s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
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 2.918% dearer against Bybit than usual: you sell high and buy low (spread +2.918% now, against zero (this spread has no 7-day history yet)): +$292 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 5 months. The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit GRASSUSDT | 0.4146 | 0.0100 | pay 0.0050% / 4h | 26m 34s | $23.5M | $14.5M | 25x |
| Short | Injective GRASS/USDC PERP | 0.4267 | 0.0033 | get 0.0004% / 1h | 26m 34s | $7 | $23K | 5.5x |
Bybit GRASSUSDT
Injective GRASS/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against Bybit. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$14
- Price spread: +2.918% → 0.000%
- $291.85
- Slippage, 4 orders
- no order book: not counted
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- $266.83
- Costs to cover
- 0.110%
- Break-even
- from the start
Slippage unknown: Bybit: live order book, 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 Bybit live order book, 2 min ago | 2.42 bp | 20.0 bp −$20 | 38.2 bp −$382 | 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 | −0.0113% | 1h | 0.4148 | +0.055% | $623 | — | 15x | as long as short |
| Injective GRASS/USDC PERPshort | +0.0033% | 1h | 0.4267 | +2.918% | $7 | $23K | 5.5x | |
| BloFin GRASS-USDT | +0.0096% | 4h | 0.4132 | −0.338% | $536K | $290K | 20x | as long as short |
| Binance GRASSUSDT | +0.0100% | 4h | 0.4150 | +0.096% | $9.8M | $24.5M | 75x | as long as short |
| Bybit GRASSUSDTlong | +0.0100% | 4h | 0.4146 | long leg | $23.5M | $14.5M | 25x | |
| OKX GRASS-USDT-SWAP | +0.0100% | 4h | 0.4149 | +0.072% | $3.0M | $12.3M | 20x | as long as short |
| Gate GRASS_USDT | +0.0100% | 4h | 0.4146 | 0.000% | $1.1M | $1.5M | 50x | as long as short |
| MEXC GRASS_USDT | +0.0100% | 4h | 0.4149 | +0.072% | $1.2M | $2.1M | 100x | as long as short |
| Bitget GRASSUSDT | +0.0100% | 4h | 0.4144 | −0.036% | $4.8M | $2.8M | 75x | as long as short |
| BingX GRASS-USDT | +0.0100% | 4h | 0.4150 | +0.096% | — | $7.3M | — | as long as short |
Reya GRASSRUSDPERP
BloFin GRASS-USDT
Binance GRASSUSDT
OKX GRASS-USDT-SWAP
Gate GRASS_USDT
MEXC GRASS_USDT
Bitget GRASSUSDT
BingX GRASS-USDTShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni GRASS | +0.0100% | 4h | 0.4141 | −0.132% | $2.0M | $1.2M | — | as long as short |
| Extended GRASS-USD | +0.0104% | 1h | 0.4150 | +0.097% | $205K | $823K | 10x | as long as short |
| KuCoin GRASSUSDTM | +0.0168% | 4h | 0.4149 | +0.072% | $1.3M | $1.3M | 50x | as long as short |
| Hyperliquid GRASS | +0.0188% | 1h | 0.4155 | +0.217% | $15.4M | $3.6M | 3x | as long as short |
| Aster GRASSUSDT | +0.0690% | 4h | 0.4137 | −0.225% | $65K | $207K | 10x | as long as short |
| Kraken Futures PF_GRASSUSD | +0.1414% | 1h | 0.4127 | −0.448% | $146K | $124K | 20x | as long as short |
| Lighter GRASS | +0.2584% | 1h | 0.4167 | +0.502% | $813K | $768K | 5x | as long as short |
Variational Omni GRASS
Extended GRASS-USD
KuCoin GRASSUSDTM
Hyperliquid GRASS
Aster GRASSUSDT
Kraken Futures PF_GRASSUSD
Lighter GRASS