Funding arb · Price arb /

GRASS

all GRASS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0870%/8h= +95.3% APRpaid last 24h +0.152%

Price spread now: Kraken Futures against Binance+0.382%7-day average −0.029% · you sell dearer than you buy

Net, funding: paid 7d − costs+$75as in the Funding arb table

Net, price: spread back to 7d avg − costs−$94as in the Price arb table

costs, in and out, $10k−$1361.355% of the position

Long on Binance Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+2.106%+$211 on $10k

Price spread, last 4 days (all we have)−0.295%−$30 · spread now +0.382%, 7d avg −0.029%

Together, before fees+1.811%+$181 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$26 a day on $10k at the current rate, and Kraken Futures is 0.411% dearer against Binance than usual: you sell high and buy low: +$41 more if the spread goes back to its 7-day average of −0.029%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance GRASSUSDT	0.4475	0.0100	pay 0.0050% / 4h	42m 45s	$10.5M	$37.1M	75x
Short	Kraken Futures PF_GRASSUSD	0.4492	0.0970	get 0.0121% / 1h	42m 45s	$162K	$154K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Binance. 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 BinancebpFee Kraken FuturesbpOrdersPrice spread, now +0.382%Rate

Funding earned: $182.8
Price spread: +0.382% → −0.029%: $41.08
Slippage, 4 orders: −$115.54
Fee Binance: 5 bp × 2 orders: −$10
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $88.33
Costs to cover: 1.355%
Break-even: 3.6 days

Slippage from Binance: live order book, 14 min ago; Kraken Futures: live order book, 60 min ago.

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 Binance live order book, 14 min ago	3.39 bp	20.7 bp −$21	37.9 bp −$379	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 60 min ago	29.78 bp	51.7 bp −$52	doesn't fit	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	−0.0108%	1h	0.4476	+0.039%	$673	—	15x	as long as short
Injective GRASS/USDC PERP	+0.0033%	1h	0.4267	−4.638%	$7	$23K	5.5x	as long as short
BloFin GRASS-USDT	+0.0099%	4h	0.4485	+0.234%	$562K	$396K	20x	as long as short
Binance GRASSUSDTlong	+0.0100%	4h	0.4475	long leg	$10.5M	$37.1M	75x
Bybit GRASSUSDT	+0.0100%	4h	0.4480	+0.115%	$25.7M	$20.4M	25x	as long as short
OKX GRASS-USDT-SWAP	+0.0100%	4h	0.4495	+0.457%	$3.5M	$22.0M	20x	as long as short
Gate GRASS_USDT	+0.0100%	4h	0.4478	+0.077%	$1.3M	$1.9M	50x	as long as short
MEXC GRASS_USDT	+0.0100%	4h	0.4481	+0.145%	$1.5M	$2.9M	100x	as long as short
KuCoin GRASSUSDTM	+0.0100%	4h	0.4477	+0.055%	$1.3M	$2.0M	50x	as long as short
Bitget GRASSUSDT	+0.0100%	4h	0.4489	+0.328%	$5.2M	$3.9M	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	0.4495	+0.457%	—	$7.4M	—	as long as short
Variational Omni GRASS	+0.0100%	4h	0.4405	−1.562%	$2.2M	$1.4M	—	as long as short
Extended GRASS-USD	+0.0104%	1h	0.4474	−0.022%	$225K	$1.3M	10x	as long as short
Aster GRASSUSDT	+0.0412%	4h	0.4478	+0.077%	$67K	$319K	10x	as long as short
Hyperliquid GRASS	+0.0634%	1h	0.4485	+0.229%	$17.1M	$4.6M	3x	as long as short
Kraken Futures PF_GRASSUSDshort	+0.0970%	1h	0.4492	+0.382%	$162K	$154K	20x
Lighter GRASS	+0.1064%	1h	0.4496	+0.478%	$867K	$1.0M	5x	as long as short