Funding arb · Price arb /

GRASS

all GRASS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.1156%/8h= +126.6% APRpaid last 24h +0.191%

Price spread now: Kraken Futures against BingX+0.030%7-day average +0.058% · you sell dearer than you buy

Net, funding: paid 7d − costs−$4as in the Funding arb table

Net, price: spread back to 7d avg − costs−$203as in the Price arb table

costs, in and out, $10k−$2002.001% of the position

Long on BingX Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+1.963%+$196 on $10k

Price spread, last 3 days (all we have)+0.107%+$11 · spread now +0.030%, 7d avg +0.058%

Together, before fees+2.070%+$207 on $10k · with fees, hour by hour

Funding pays, the price is against you. Kraken Futures is 0.028% cheaper against BingX than usual: you would sell low and buy high (spread +0.030% now, against its 7-day average of +0.058%). If the spread goes back, that is −$3 on $10k: about 2 hours of funding at the current rate (+$35 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX GRASS-USDT	0.4452	0.0356	pay 0.0178% / 4h	2h 34m	—	$7.1M	—
Short	Kraken Futures PF_GRASSUSD	0.4453	0.1512	get 0.0189% / 1h	34m 21s	$168K	$72K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against BingX. 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 BingXbpFee Kraken FuturesbpOrdersPrice spread, now +0.030%Rate

Funding earned: $242.74
Price spread: +0.030% → +0.058%: −$2.79
Slippage, 4 orders: −$180.11
Fee BingX: 5 bp × 2 orders: −$10
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $39.83
Costs to cover: 2.001%
Break-even: 5.9 days

Slippage from BingX: live order book, 8 min ago; Kraken Futures: live order book, 53 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 BingX live order book, 8 min ago	5.69 bp	27.6 bp −$28	67.5 bp −$675	351.7 bp −$35.2K	574.4 bp −$287.2K
Sell Kraken Futures live order book, 53 min ago	51.69 bp	85.3 bp −$85	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	−0.0114%	1h	0.4447	−0.112%	$668	—	15x	as long as short
Bybit GRASSUSDT	+0.0100%	4h	0.4443	−0.200%	$24.8M	$10.3M	25x	as long as short
OKX GRASS-USDT-SWAP	+0.0100%	4h	0.4447	−0.112%	$3.3M	$6.9M	20x	as long as short
Gate GRASS_USDT	+0.0100%	4h	0.4447	−0.112%	$1.2M	$1.1M	50x	as long as short
KuCoin GRASSUSDTM	+0.0100%	4h	0.4453	+0.022%	$1.5M	$945K	50x	as long as short
Bitget GRASSUSDT	+0.0100%	4h	0.4443	−0.207%	$5.2M	$2.0M	75x	as long as short
Variational Omni GRASS	+0.0100%	4h	0.4474	+0.491%	$2.2M	$1.1M	—	as long as short
Hyperliquid GRASS	+0.0286%	1h	0.4457	+0.103%	$16.4M	$2.5M	3x	as long as short
BingX GRASS-USDTlong	+0.0356%	4h	0.4452	long leg	—	$7.1M	—
BloFin GRASS-USDT	+0.0358%	4h	0.4488	+0.809%	$577K	$261K	20x	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	+0.0368%	1h	0.4445	−0.160%	$219K	$823K	10x	as long as short
Binance GRASSUSDT	+0.0372%	4h	0.4452	−0.002%	$10.8M	$14.2M	75x	as long as short
MEXC GRASS_USDT	+0.0372%	4h	0.4453	+0.022%	$1.6M	$1.1M	100x	as long as short
Kraken Futures PF_GRASSUSDshort	+0.1512%	1h	0.4453	+0.030%	$168K	$72K	20x
Lighter GRASS	+0.1528%	1h	0.4468	+0.366%	$703K	$523K	5x	as long as short
Aster GRASSUSDT	+0.1569%	4h	0.4465	+0.299%	$63K	$121K	10x	as long as short
Injective GRASS/USDC PERP	+0.5000%	1h	0.4267	−4.155%	$7	$23K	5.5x	as long as short