Funding arb · Price arb /

GRASS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0117%/8h= +12.8% APRpaid last 24h −0.046%

Price spread now: BloFin against Injective+5.976%7-day average — · you sell dearer than you buy

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

Long on Injective Short on BloFin

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 for this trade now. Funding pays +$4 a day on $10k at the current rate, and BloFin is 5.976% dearer against Injective than usual: you sell high and buy low: +$598 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective GRASS/USDC PERP	0.4267	0.0033	pay 0.0004% / 1h	32m 14s	$7	$23K	5.5x
Short	BloFin GRASS-USDT	0.4522	0.0150	get 0.0075% / 4h	32m 14s	$572K	$575K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Injective. 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 InjectivebpFee BloFinbpOrdersPrice spread, now +5.976%Rate

Funding earned: $24.5
Price spread: +5.976% → 0.000%: $597.61
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee BloFin: 6 bp × 2 orders: −$12
Net: $610.09
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: Injective: no order-book sample; BloFin: live order book, 7 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 Injective no order-book sample	—	—	—	—	—
Sell BloFin live order book, 7 min ago	6.70 bp	13.9 bp −$14	31.4 bp −$314	160.2 bp −$16.0K	doesn't fit

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	−0.0105%	1h	0.4504	+5.544%	$677	—	15x	as long as short
Injective GRASS/USDC PERPlong	+0.0033%	1h	0.4267	long leg	$7	$23K	5.5x
Kraken Futures PF_GRASSUSD	+0.0091%	1h	0.4510	+5.698%	$163K	$182K	20x	as long as short
Hyperliquid GRASS	+0.0100%	1h	0.4513	+5.765%	$17.1M	$5.6M	3x	as long as short
Aster GRASSUSDT	+0.0100%	4h	0.4512	+5.742%	$68K	$441K	10x	as long as short
Binance GRASSUSDT	+0.0100%	4h	0.4507	+5.625%	$10.7M	$51.5M	75x	as long as short
Bybit GRASSUSDT	+0.0100%	4h	0.4497	+5.395%	$26.0M	$25.6M	25x	as long as short
OKX GRASS-USDT-SWAP	+0.0100%	4h	0.4506	+5.601%	$3.5M	$27.8M	20x	as long as short
Gate GRASS_USDT	+0.0100%	4h	0.4509	+5.671%	$1.2M	$2.2M	50x	as long as short
MEXC GRASS_USDT	+0.0100%	4h	0.4507	+5.625%	$1.9M	$3.7M	100x	as long as short

Show all 17 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin GRASSUSDTM	+0.0100%	4h	0.4513	+5.765%	$1.3M	$2.8M	50x	as long as short
Bitget GRASSUSDT	+0.0100%	4h	0.4511	+5.707%	$5.3M	$5.4M	75x	as long as short
BingX GRASS-USDT	+0.0100%	4h	0.4511	+5.718%	—	$7.7M	—	as long as short
Variational Omni GRASS	+0.0100%	4h	0.4486	+5.126%	$2.2M	$1.6M	—	as long as short
Extended GRASS-USD	+0.0104%	1h	0.4503	+5.528%	$226K	$1.3M	10x	as long as short
BloFin GRASS-USDTshort	+0.0150%	4h	0.4522	+5.976%	$572K	$575K	20x
Lighter GRASS	+0.0992%	1h	0.4520	+5.936%	$874K	$1.1M	5x	as long as short