Funding arb · Price arb /

GRASS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h −0.047%

Price spread now: Gate against Injective+3.304%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 Gate

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 +$2 a day on $10k at the current rate, and Gate is 3.304% dearer against Injective than usual: you sell high and buy low: +$330 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	14m 46s	$7	$23K	5.5x
Short	Gate GRASS_USDT	0.4408	0.0100	get 0.0050% / 4h	2h 14m	$1.2M	$1.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +3.304%Rate

Funding earned: $14
Price spread: +3.304% → 0.000%: $330.44
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Gate: 7.5 bp × 2 orders: −$15
Net: $329.42
Costs to cover: 0.150%
Break-even: from the start

Slippage unknown: Injective: no order-book sample; Gate: live order book, 3 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 Gate live order book, 3 min ago	7.94 bp	42.7 bp −$43	1218.1 bp −$12.2K	doesn't fit	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 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	0.4403	+3.178%	$662	—	15x	as long as short
Injective GRASS/USDC PERPlong	+0.0033%	1h	0.4267	long leg	$7	$23K	5.5x
BloFin GRASS-USDT	+0.0040%	4h	0.4403	+3.187%	$431K	$375K	20x	as long as short
Binance GRASSUSDT	+0.0100%	4h	0.4417	+3.519%	$10.4M	$34.5M	75x	as long as short
Bybit GRASSUSDT	+0.0100%	4h	0.4419	+3.572%	$25.2M	$19.1M	25x	as long as short
OKX GRASS-USDT-SWAP	+0.0100%	4h	0.4420	+3.586%	$3.4M	$20.0M	20x	as long as short
Gate GRASS_USDTshort	+0.0100%	4h	0.4408	+3.304%	$1.2M	$1.8M	50x
MEXC GRASS_USDT	+0.0100%	4h	0.4418	+3.539%	$1.5M	$2.8M	100x	as long as short
KuCoin GRASSUSDTM	+0.0100%	4h	0.4417	+3.515%	$1.3M	$1.9M	50x	as long as short
Bitget GRASSUSDT	+0.0100%	4h	0.4418	+3.541%	$5.2M	$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	0.4413	+3.422%	—	$7.4M	—	as long as short
Variational Omni GRASS	+0.0100%	4h	0.4413	+3.428%	$2.2M	$1.3M	—	as long as short
Extended GRASS-USD	+0.0104%	1h	0.4407	+3.271%	$220K	$775K	10x	as long as short
Aster GRASSUSDT	+0.0455%	4h	0.4417	+3.515%	$64K	$300K	10x	as long as short
Hyperliquid GRASS	+0.0476%	1h	0.4424	+3.675%	$16.8M	$4.4M	3x	as long as short
Kraken Futures PF_GRASSUSD	+0.1457%	1h	0.4400	+3.124%	$160K	$147K	20x	as long as short
Lighter GRASS	+0.1680%	1h	0.4436	+3.961%	$856K	$983K	5x	as long as short