Funding arb · Price arb /

GRASS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0553%/8h= −60.5% APRpaid last 24h −0.112%

Price spread now: Injective against Aster+1.953%7-day average — · you sell dearer than you buy

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

Long on Aster Short on Injective

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—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

The price spread pays, funding is against you. Injective is 1.953% dearer against Aster than usual: you sell high and buy low (spread +1.953% now, against zero (this spread has no 7-day history yet)): +$195 on $10k if it goes back. Holding the pair costs −$17 a day in funding at the current rate, which eats that in about 12 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster GRASSUSDT	0.4185	0.0586	pay 0.0293% / 4h	3h 10m	$68K	$209K	10x
Short	Injective GRASS/USDC PERP	0.4267	0.0033	get 0.0004% / 1h	10m 45s	$7	$23K	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against Aster. 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 AsterbpFee InjectivebpOrdersPrice spread, now +1.953%Rate

Funding earned: −$116.06
Price spread: +1.953% → 0.000%: $195.29
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $71.21
Costs to cover: 0.080%
Break-even: from the start

Slippage unknown: Aster: live order book, 37 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 Aster live order book, 37 min ago	8.35 bp	25.5 bp −$25	doesn't fit	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	−0.0112%	1h	0.4182	−0.081%	$628	—	15x	as long as short
Injective GRASS/USDC PERPshort	+0.0033%	1h	0.4267	+1.953%	$7	$23K	5.5x
Binance GRASSUSDT	+0.0100%	4h	0.4202	+0.400%	$10.0M	$26.7M	75x	as long as short
Bybit GRASSUSDT	+0.0100%	4h	0.4199	+0.328%	$23.8M	$15.3M	25x	as long as short
OKX GRASS-USDT-SWAP	+0.0100%	4h	0.4199	+0.328%	$3.2M	$13.8M	20x	as long as short
Gate GRASS_USDT	+0.0100%	4h	0.4190	+0.113%	$1.1M	$1.5M	50x	as long as short
MEXC GRASS_USDT	+0.0100%	4h	0.4199	+0.328%	$1.2M	$2.2M	100x	as long as short
Bitget GRASSUSDT	+0.0100%	4h	0.4193	+0.180%	$4.9M	$3.0M	75x	as long as short
BingX GRASS-USDT	+0.0100%	4h	0.4198	+0.304%	—	$7.3M	—	as long as short
Variational Omni GRASS	+0.0100%	4h	0.4185	−0.011%	$2.0M	$1.2M	—	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended GRASS-USD	+0.0104%	1h	0.4197	+0.288%	$207K	$900K	10x	as long as short
BloFin GRASS-USDT	+0.0131%	4h	0.4180	−0.126%	$525K	$302K	20x	as long as short
KuCoin GRASSUSDTM	+0.0214%	4h	0.4197	+0.280%	$1.3M	$1.5M	50x	as long as short
Kraken Futures PF_GRASSUSD	+0.0279%	1h	0.4187	+0.046%	$149K	$127K	20x	as long as short
Hyperliquid GRASS	+0.0562%	1h	0.4205	+0.464%	$15.7M	$3.7M	3x	as long as short
Aster GRASSUSDTlong	+0.0586%	4h	0.4185	long leg	$68K	$209K	10x
Lighter GRASS	+0.2088%	1h	0.4214	+0.687%	$823K	$783K	5x	as long as short