Funding arb · Price arb /

GRASS

all GRASS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.1447%/8h= +158.4% APRpaid last 24h +0.191%

Price spread now: Kraken Futures against Bitget+0.005%7-day average +0.114% · you sell dearer than you buy

Net, funding: paid 7d − costs−$15as in the Funding arb table

Net, price: spread back to 7d avg − costs−$222as in the Price arb table

costs, in and out, $10k−$2112.115% of the position

Long on Bitget 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)+0.009%+$1 · spread now +0.005%, 7d avg +0.114%

Together, before fees+1.972%+$197 on $10k · with fees, hour by hour

Funding pays, the price is against you. Kraken Futures is 0.110% cheaper against Bitget than usual: you would sell low and buy high (spread +0.005% now, against its 7-day average of +0.114%). If the spread goes back, that is −$11 on $10k: about 6 hours of funding at the current rate (+$43 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget GRASSUSDT	0.4353	0.0100	pay 0.0050% / 4h	2h 51m	$5.0M	$1.8M	75x
Short	Kraken Futures PF_GRASSUSD	0.4353	0.1547	get 0.0193% / 1h	51m 35s	$164K	$58K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Bitget. 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 BitgetbpFee Kraken FuturesbpOrdersPrice spread, now +0.005%Rate

Funding earned: $303.84
Price spread: +0.005% → +0.114%: −$10.97
Slippage, 4 orders: −$189.46
Fee Bitget: 6 bp × 2 orders: −$12
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $81.41
Costs to cover: 2.115%
Break-even: 5.1 days

Slippage from Bitget: live order book, 2 min ago; Kraken Futures: live order book, 35 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 Bitget live order book, 2 min ago	6.68 bp	24.3 bp −$24	231.1 bp −$2,311	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 35 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	−0.0115%	1h	0.4356	+0.076%	$655	—	15x	as long as short
Bybit GRASSUSDT	+0.0100%	4h	0.4350	−0.057%	$24.0M	$8.9M	25x	as long as short
OKX GRASS-USDT-SWAP	+0.0100%	4h	0.4360	+0.172%	$3.1M	$5.4M	20x	as long as short
Gate GRASS_USDT	+0.0100%	4h	0.4348	−0.103%	$1.2M	$920K	50x	as long as short
KuCoin GRASSUSDTM	+0.0100%	4h	0.4351	−0.034%	$1.5M	$859K	50x	as long as short
Bitget GRASSUSDTlong	+0.0100%	4h	0.4353	long leg	$5.0M	$1.8M	75x
Variational Omni GRASS	+0.0100%	4h	0.4331	−0.494%	$1.4M	$317K	—	as long as short
BingX GRASS-USDT	+0.0309%	4h	0.4355	+0.057%	—	$7.0M	—	as long as short
Binance GRASSUSDT	+0.0317%	4h	0.4355	+0.049%	$10.5M	$11.8M	75x	as long as short
Extended GRASS-USD	+0.0320%	1h	0.4353	+0.021%	$214K	$817K	10x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC GRASS_USDT	+0.0322%	4h	0.4357	+0.103%	$1.4M	$894K	100x	as long as short
BloFin GRASS-USDT	+0.0351%	4h	0.4361	+0.195%	$558K	$248K	20x	as long as short
Hyperliquid GRASS	+0.0369%	1h	0.4353	+0.014%	$16.1M	$2.2M	3x	as long as short
Lighter GRASS	+0.1184%	1h	0.4372	+0.446%	$693K	$503K	5x	as long as short
Aster GRASSUSDT	+0.1523%	4h	0.4361	+0.204%	$63K	$109K	10x	as long as short
Kraken Futures PF_GRASSUSDshort	+0.1547%	1h	0.4353	+0.005%	$164K	$58K	20x
Injective GRASS/USDC PERP	+0.5000%	1h	0.4267	−1.964%	$7	$23K	5.5x	as long as short