Funding arb · Price arb /

GRASS

all GRASS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h −0.047%

Price spread now: OKX against Injective−0.305%68s7-day average — · you buy dearer than you sell

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

Long on Injective Short on OKX

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

Funding pays, the price is against you. OKX is 0.305% cheaper against Injective than usual: you would sell low and buy high (spread −0.305% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$30 on $10k: about 15 days of funding at the current rate (+$2 a day). The two prices were read 68 seconds apart, so part of this spread may be the market moving, not a spread.

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	28m 06s	$7	$23K	5.5x
Short	OKX GRASS-USDT-SWAP	0.4254	0.0100	get 0.0050% / 4h	3h 28m	$3.4M	$17.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.305%Rate

Funding earned: $14
Price spread: −0.305% → 0.000%: −$30.47
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee OKX: 5 bp × 2 orders: −$10
Net: −$26.49
Costs to cover: 0.100%
Break-even: 20.2 days

Slippage unknown: Injective: no order-book sample; OKX: live order book, just now. 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 OKX live order book, just now	3.53 bp	19.6 bp −$20	60.6 bp −$606	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	0.4249	−0.422%	$638	—	15x	as long as short
Injective GRASS/USDC PERPlong	+0.0033%	1h	0.4267	long leg	$7	$23K	5.5x
BloFin GRASS-USDT	+0.0066%	4h	0.4236	−0.727%	$541K	$324K	20x	as long as short
Binance GRASSUSDT	+0.0100%	4h	0.4254	−0.311%	$10.0M	$31.2M	75x	as long as short
Bybit GRASSUSDT	+0.0100%	4h	0.4249	−0.422%	$23.8M	$17.5M	25x	as long as short
OKX GRASS-USDT-SWAPshort	+0.0100%	4h	0.4254	−0.305%	$3.4M	$17.1M	20x
Gate GRASS_USDT	+0.0100%	4h	0.4246	−0.492%	$1.2M	$1.7M	50x	as long as short
MEXC GRASS_USDT	+0.0100%	4h	0.4254	−0.305%	$1.5M	$2.5M	100x	as long as short
KuCoin GRASSUSDTM	+0.0100%	4h	0.4248	−0.445%	$1.2M	$1.8M	50x	as long as short
Bitget GRASSUSDT	+0.0100%	4h	0.4248	−0.445%	$4.9M	$3.3M	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	0.4249	−0.422%	—	$7.3M	—	as long as short
Variational Omni GRASS	+0.0100%	4h	0.4250	−0.404%	$2.1M	$1.3M	—	as long as short
Extended GRASS-USD	+0.0104%	1h	0.4249	−0.416%	$213K	$890K	10x	as long as short
Kraken Futures PF_GRASSUSD	+0.0330%	1h	0.4253	−0.337%	$153K	$142K	20x	as long as short
Hyperliquid GRASS	+0.0342%	1h	0.4257	−0.241%	$16.2M	$4.1M	3x	as long as short
Aster GRASSUSDT	+0.0359%	4h	0.4250	−0.408%	$57K	$245K	10x	as long as short
Lighter GRASS	+0.1272%	1h	0.4269	+0.042%	$830K	$971K	5x	as long as short