Funding arb · Price arb /

GRASS

all GRASS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0194%/8h= −21.3% APRpaid last 24h −0.181%

Price spread now: Bitget against Hyperliquid−0.340%7-day average −0.233% · you buy dearer than you sell

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

Long on Hyperliquid Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.519%−$52 on $10k

Price spread, last 7 days+0.104%+$10 · spread now −0.340%, 7d avg −0.233%

Together, before fees−0.415%+ Points / potential airdropHyperliquid: Season 2 · farm board−$42 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Bitget is 0.106% cheaper against Hyperliquid than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of −0.233%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid GRASS	0.4267	0.0294	pay 0.0037% / 1h	3m 09s	$16.2M	$4.1M	3x
Short	Bitget GRASSUSDT	0.4253	0.0100	get 0.0050% / 4h	3m 09s	$5.0M	$3.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Hyperliquid. 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 HyperliquidbpFee BitgetbpOrdersPrice spread, now −0.340%Rate

Funding earned: −$40.84
Price spread: −0.340% → −0.233%: −$10.64
Slippage, 4 orders: no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$72.48
Costs to cover: 0.210%
Break-even: never at this rate

Slippage unknown: Hyperliquid: live order book, 10 min ago; Bitget: live order book, 5 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, 10 min ago	3.06 bp	32.2 bp −$32	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 5 min ago	5.75 bp	26.0 bp −$26	73.5 bp −$735	doesn't fit	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	−0.0110%	1h	0.4259	−0.195%	$640	—	15x	as long as short
Injective GRASS/USDC PERP	+0.0033%	1h	0.4267	−0.009%	$7	$23K	5.5x	as long as short
BloFin GRASS-USDT	+0.0097%	4h	0.4259	−0.197%	$547K	$322K	20x	as long as short
Binance GRASSUSDT	+0.0100%	4h	0.4260	−0.182%	$10.1M	$30.5M	75x	as long as short
Bybit GRASSUSDT	+0.0100%	4h	0.4254	−0.305%	$23.9M	$17.2M	25x	as long as short
OKX GRASS-USDT-SWAP	+0.0100%	4h	0.4259	−0.197%	$3.4M	$16.6M	20x	as long as short
Gate GRASS_USDT	+0.0100%	4h	0.4260	−0.173%	$1.2M	$1.6M	50x	as long as short
MEXC GRASS_USDT	+0.0100%	4h	0.4259	−0.197%	$1.5M	$2.5M	100x	as long as short
KuCoin GRASSUSDTM	+0.0100%	4h	0.4252	−0.361%	$1.2M	$1.7M	50x	as long as short
Bitget GRASSUSDTshort	+0.0100%	4h	0.4253	−0.340%	$5.0M	$3.3M	75x

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX GRASS-USDT	+0.0100%	4h	0.4262	−0.127%	—	$7.3M	—	as long as short
Variational Omni GRASS	+0.0100%	4h	0.4256	−0.273%	$2.1M	$1.3M	—	as long as short
Extended GRASS-USD	+0.0104%	1h	0.4254	−0.307%	$211K	$890K	10x	as long as short
Hyperliquid GRASSlong	+0.0294%	1h	0.4267	long leg	$16.2M	$4.1M	3x
Aster GRASSUSDT	+0.0418%	4h	0.4260	−0.173%	$61K	$240K	10x	as long as short
Kraken Futures PF_GRASSUSD	+0.0791%	1h	0.4259	−0.190%	$154K	$135K	20x	as long as short
Lighter GRASS	+0.2064%	1h	0.4271	+0.080%	$881K	$916K	5x	as long as short