Funding arb · Price arb /

GRASS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0381%/8h= −41.8% APRpaid last 24h −0.174%

Price spread now: Binance against Hyperliquid−0.065%7-day average −0.091% · you buy dearer than you sell

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

Long on Hyperliquid Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.525%−$52 on $10k

Price spread, last 7 days−0.026%−$3 · spread now −0.065%, 7d avg −0.091%

Together, before fees−0.551%+ Points / potential airdropHyperliquid: Season 2 · farm board−$55 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Binance is 0.026% dearer against Hyperliquid than usual: you sell high and buy low (spread −0.065% now, against its 7-day average of −0.091%): +$3 on $10k if it goes back. Holding the pair costs −$11 a day in funding at the current rate, which eats that in about 5 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid GRASS	0.4347	0.0481	pay 0.0060% / 1h	22m 14s	$16.5M	$4.4M	3x
Short	Binance GRASSUSDT	0.4344	0.0100	get 0.0050% / 4h	2h 22m	$10.3M	$34.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Hyperliquid. 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 HyperliquidbpFee BinancebpOrdersPrice spread, now −0.065%Rate

Funding earned: −$80.07
Price spread: −0.065% → −0.091%: $2.56
Slippage, 4 orders: no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Binance: 5 bp × 2 orders: −$10
Net: −$96.51
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: Hyperliquid: live order book, 11 min ago; Binance: live order book, 4 min ago. 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 Hyperliquid live order book, 11 min ago	2.96 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 4 min ago	2.28 bp	18.7 bp −$19	42.0 bp −$420	305.7 bp −$30.6K	doesn't fit

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	−0.0109%	1h	0.4341	−0.129%	$652	—	15x	as long as short
Injective GRASS/USDC PERP	+0.0033%	1h	0.4267	−1.834%	$7	$23K	5.5x	as long as short
BloFin GRASS-USDT	+0.0073%	4h	0.4350	+0.076%	$560K	$368K	20x	as long as short
Binance GRASSUSDTshort	+0.0100%	4h	0.4344	−0.065%	$10.3M	$34.3M	75x
Bybit GRASSUSDT	+0.0100%	4h	0.4343	−0.083%	$24.7M	$19.0M	25x	as long as short
OKX GRASS-USDT-SWAP	+0.0100%	4h	0.4344	−0.062%	$3.4M	$19.5M	20x	as long as short
Gate GRASS_USDT	+0.0100%	4h	0.4341	−0.131%	$1.2M	$1.8M	50x	as long as short
MEXC GRASS_USDT	+0.0100%	4h	0.4344	−0.062%	$1.5M	$2.8M	100x	as long as short
KuCoin GRASSUSDTM	+0.0100%	4h	0.4348	+0.030%	$1.3M	$1.9M	50x	as long as short
Bitget GRASSUSDT	+0.0100%	4h	0.4338	−0.193%	$5.1M	$3.6M	75x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX GRASS-USDT	+0.0100%	4h	0.4343	−0.085%	—	$7.3M	—	as long as short
Variational Omni GRASS	+0.0100%	4h	0.4377	+0.703%	$2.2M	$1.3M	—	as long as short
Extended GRASS-USD	+0.0104%	1h	0.4341	−0.124%	$217K	$775K	10x	as long as short
Aster GRASSUSDT	+0.0438%	4h	0.4344	−0.056%	$63K	$299K	10x	as long as short
Hyperliquid GRASSlong	+0.0481%	1h	0.4347	long leg	$16.5M	$4.4M	3x
Kraken Futures PF_GRASSUSD	+0.1477%	1h	0.4341	−0.132%	$158K	$147K	20x	as long as short
Lighter GRASS	+0.1640%	1h	0.4362	+0.361%	$842K	$982K	5x	as long as short