Funding arb · Price arb /

GRASS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h +0.047%

Price spread now: Injective against OKX+0.211%7-day average — · you sell dearer than you buy

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

Long on OKX 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—needs both histories

The price spread pays, funding is against you. Injective is 0.211% dearer against OKX than usual: you sell high and buy low (spread +0.211% now, against zero (this spread has no 7-day history yet)): +$21 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 11 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX GRASS-USDT-SWAP	0.4258	0.0100	pay 0.0050% / 4h	24m 44s	$3.4M	$16.5M	20x
Short	Injective GRASS/USDC PERP	0.4267	0.0033	get 0.0004% / 1h	24m 44s	$7	$23K	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against OKX. 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 OKXbpFee InjectivebpOrdersPrice spread, now +0.211%Rate

Funding earned: −$14
Price spread: +0.211% → 0.000%: $21.14
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$2.88
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: OKX: live order book, 4 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 OKX live order book, 4 min ago	2.35 bp	18.5 bp −$18	59.0 bp −$590	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	−0.0110%	1h	0.4257	−0.022%	$640	—	15x	as long as short
Injective GRASS/USDC PERPshort	+0.0033%	1h	0.4267	+0.211%	$7	$23K	5.5x
BloFin GRASS-USDT	+0.0069%	4h	0.4261	+0.070%	$546K	$311K	20x	as long as short
Binance GRASSUSDT	+0.0100%	4h	0.4264	+0.149%	$10.1M	$30.4M	75x	as long as short
Bybit GRASSUSDT	+0.0100%	4h	0.4260	+0.042%	$23.9M	$17.2M	25x	as long as short
OKX GRASS-USDT-SWAPlong	+0.0100%	4h	0.4258	long leg	$3.4M	$16.5M	20x
Gate GRASS_USDT	+0.0100%	4h	0.4256	−0.047%	$1.2M	$1.6M	50x	as long as short
MEXC GRASS_USDT	+0.0100%	4h	0.4261	+0.070%	$1.4M	$2.5M	100x	as long as short
KuCoin GRASSUSDTM	+0.0100%	4h	0.4258	0.000%	$1.2M	$1.7M	50x	as long as short
Bitget GRASSUSDT	+0.0100%	4h	0.4256	−0.052%	$5.0M	$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	0.4255	−0.070%	—	$7.3M	—	as long as short
Variational Omni GRASS	+0.0100%	4h	0.4256	−0.054%	$2.1M	$1.3M	—	as long as short
Extended GRASS-USD	+0.0104%	1h	0.4257	−0.028%	$214K	$889K	10x	as long as short
Hyperliquid GRASS	+0.0161%	1h	0.4266	+0.193%	$16.2M	$4.0M	3x	as long as short
Aster GRASSUSDT	+0.0471%	4h	0.4256	−0.050%	$65K	$234K	10x	as long as short
Kraken Futures PF_GRASSUSD	+0.0791%	1h	0.4260	+0.036%	$154K	$134K	20x	as long as short
Lighter GRASS	+0.2208%	1h	0.4280	+0.521%	$912K	$887K	5x	as long as short