Funding arb · Price arb /

GRASS

all GRASS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0028%/8h= +3.0% APRpaid last 24h −0.168%

Price spread now: BloFin against Hyperliquid−0.049%7-day average −0.062% · you buy dearer than you sell

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

Long on Hyperliquid Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.529%−$53 on $10k

Price spread, last 4 days (all we have)−0.044%−$4 · spread now −0.049%, 7d avg −0.062%

Together, before fees−0.572%+ Points / potential airdropHyperliquid: Season 2 · farm board−$57 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.062%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.529%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid GRASS	0.4520	0.0100	pay 0.0013% / 1h	58m 53s	$17.2M	$4.7M	3x
Short	BloFin GRASS-USDT	0.4518	0.0128	get 0.0064% / 4h	3h 58m	$561K	$412K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now −0.049%Rate

Funding earned: $5.79
Price spread: −0.049% → −0.062%: $1.37
Slippage, 4 orders: no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$13.84
Costs to cover: 0.210%
Break-even: 23.7 days

Slippage unknown: Hyperliquid: live order book, 4 min ago; BloFin: live order book, 17 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, 4 min ago	2.66 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell BloFin live order book, 17 min ago	4.47 bp	20.5 bp −$21	72.7 bp −$727	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	−0.0107%	1h	0.4509	−0.254%	$677	—	15x	as long as short
Injective GRASS/USDC PERP	+0.0033%	1h	0.4267	−5.602%	$7	$23K	5.5x	as long as short
Hyperliquid GRASSlong	+0.0100%	1h	0.4520	long leg	$17.2M	$4.7M	3x
Binance GRASSUSDT	+0.0100%	4h	0.4516	−0.093%	$10.6M	$38.6M	75x	as long as short
Bybit GRASSUSDT	+0.0100%	4h	0.4516	−0.082%	$26.1M	$21.1M	25x	as long as short
OKX GRASS-USDT-SWAP	+0.0100%	4h	0.4520	−0.004%	$3.5M	$23.0M	20x	as long as short
Gate GRASS_USDT	+0.0100%	4h	0.4515	−0.115%	$1.3M	$1.9M	50x	as long as short
MEXC GRASS_USDT	+0.0100%	4h	0.4519	−0.027%	$1.8M	$3.0M	100x	as long as short
KuCoin GRASSUSDTM	+0.0100%	4h	0.4515	−0.115%	$1.3M	$2.1M	50x	as long as short
Bitget GRASSUSDT	+0.0100%	4h	0.4511	−0.197%	$5.2M	$4.0M	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	0.4517	−0.071%	—	$7.5M	—	as long as short
Variational Omni GRASS	+0.0100%	4h	0.4500	−0.449%	$2.2M	$1.4M	—	as long as short
Extended GRASS-USD	+0.0104%	1h	0.4515	−0.117%	$224K	$1.3M	10x	as long as short
BloFin GRASS-USDTshort	+0.0128%	4h	0.4518	−0.049%	$561K	$412K	20x
Aster GRASSUSDT	+0.0471%	4h	0.4521	+0.018%	$61K	$328K	10x	as long as short
Lighter GRASS	+0.0856%	1h	0.4531	+0.248%	$874K	$1.0M	5x	as long as short
Kraken Futures PF_GRASSUSD	+0.1126%	1h	0.4510	−0.224%	$162K	$162K	20x	as long as short