Funding arb · Price arb /

GRASS

all GRASS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0170%/8h= +18.7% APRpaid last 24h +0.192%

Price spread now: Kraken Futures against BloFin−0.260%57s7-day average −0.039% · you buy dearer than you sell

Net, funding: paid 7d − costs+$53as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1471.466% of the position

Long on BloFin Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+1.993%+$199 on $10k

Price spread, last 3 days (all we have)+0.346%+$35 · spread now −0.260%, 7d avg −0.039%

Together, before fees+2.339%+$234 on $10k · with fees, hour by hour

Funding pays, the price is against you. Kraken Futures is 0.221% cheaper against BloFin than usual: you would sell low and buy high (spread −0.260% now, against its 7-day average of −0.039%). If the spread goes back, that is −$22 on $10k: about 4.3 days of funding at the current rate (+$5 a day). At the pace of the last 7 days (+1.993% in total) that is about 19 hours. The two prices were read 57 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	BloFin GRASS-USDT	0.4143	0.0112	pay 0.0056% / 4h	3h 58m	$522K	$297K	20x
Short	Kraken Futures PF_GRASSUSD	0.4132	0.0283	get 0.0035% / 1h	58m 15s	$146K	$124K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against BloFin. 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 BloFinbpFee Kraken FuturesbpOrdersPrice spread, now −0.260%Rate

Funding earned: $35.8
Price spread: −0.260% → −0.039%: −$22.09
Slippage, 4 orders: −$124.62
Fee BloFin: 6 bp × 2 orders: −$12
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$132.91
Costs to cover: 1.466%
Break-even: 33.0 days

Slippage from BloFin: live order book, 13 min ago; Kraken Futures: live order book, 14 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 BloFin live order book, 13 min ago	10.83 bp	23.2 bp −$23	38.3 bp −$383	105.7 bp −$10.6K	doesn't fit
Sell Kraken Futures live order book, 14 min ago	21.65 bp	49.4 bp −$49	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	−0.0113%	1h	0.4132	−0.267%	$621	—	15x	as long as short
Injective GRASS/USDC PERP	+0.0033%	1h	0.4267	+2.993%	$7	$23K	5.5x	as long as short
Binance GRASSUSDT	+0.0100%	4h	0.4133	−0.241%	$9.7M	$25.2M	75x	as long as short
Bybit GRASSUSDT	+0.0100%	4h	0.4133	−0.237%	$23.4M	$14.7M	25x	as long as short
OKX GRASS-USDT-SWAP	+0.0100%	4h	0.4133	−0.241%	$3.0M	$12.7M	20x	as long as short
Gate GRASS_USDT	+0.0100%	4h	0.4135	−0.193%	$1.1M	$1.5M	50x	as long as short
MEXC GRASS_USDT	+0.0100%	4h	0.4136	−0.169%	$1.2M	$2.2M	100x	as long as short
Bitget GRASSUSDT	+0.0100%	4h	0.4132	−0.256%	$4.8M	$2.8M	75x	as long as short
BingX GRASS-USDT	+0.0100%	4h	0.4136	−0.169%	—	$7.3M	—	as long as short
Variational Omni GRASS	+0.0100%	4h	0.4142	−0.013%	$2.0M	$1.2M	—	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	+0.0104%	1h	0.4131	−0.290%	$204K	$818K	10x	as long as short
BloFin GRASS-USDTlong	+0.0112%	4h	0.4143	long leg	$522K	$297K	20x
KuCoin GRASSUSDTM	+0.0124%	4h	0.4136	−0.169%	$1.3M	$1.4M	50x	as long as short
Kraken Futures PF_GRASSUSDshort	+0.0283%	1h	0.4132	−0.260%	$146K	$124K	20x
Hyperliquid GRASS	+0.0514%	1h	0.4139	−0.089%	$15.4M	$3.6M	3x	as long as short
Aster GRASSUSDT	+0.0599%	4h	0.4139	−0.087%	$64K	$208K	10x	as long as short
Lighter GRASS	+0.2288%	1h	0.4151	+0.186%	$810K	$777K	5x	as long as short