Funding arb · Price arb /

GRASS

all GRASS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0696%/8h= +76.2% APRpaid last 24h +0.171%

Price spread now: Kraken Futures against Bybit−0.091%7-day average +0.134% · you buy dearer than you sell

Net, funding: paid 7d − costs+$45as in the Funding arb table

Net, price: spread back to 7d avg − costs−$191as in the Price arb table

costs, in and out, $10k−$1681.682% of the position

Long on Bybit Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+2.132%+$213 on $10k

Price spread, last 4 days (all we have)+0.258%+$26 · spread now −0.091%, 7d avg +0.134%

Together, before fees+2.390%+$239 on $10k · with fees, hour by hour

Funding pays, the price is against you. Kraken Futures is 0.225% cheaper against Bybit than usual: you would sell low and buy high (spread −0.091% now, against its 7-day average of +0.134%). If the spread goes back, that is −$23 on $10k: about 26 hours of funding at the current rate (+$21 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit GRASSUSDT	0.4238	0.0100	pay 0.0050% / 4h	47m 46s	$23.8M	$17.1M	25x
Short	Kraken Futures PF_GRASSUSD	0.4234	0.0796	get 0.0099% / 1h	47m 46s	$153K	$132K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Bybit. 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 BybitbpFee Kraken FuturesbpOrdersPrice spread, now −0.091%Rate

Funding earned: $146.09
Price spread: −0.091% → +0.134%: −$22.54
Slippage, 4 orders: −$147.18
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$44.64
Costs to cover: 1.682%
Break-even: 9.1 days

Slippage from Bybit: live order book, 1 min ago; Kraken Futures: live order book, 10 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 Bybit live order book, 1 min ago	3.54 bp	19.0 bp −$19	50.9 bp −$509	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 10 min ago	36.43 bp	66.5 bp −$67	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	−0.0110%	1h	0.4238	+0.016%	$637	—	15x	as long as short
Injective GRASS/USDC PERP	+0.0033%	1h	0.4267	+0.694%	$7	$23K	5.5x	as long as short
BloFin GRASS-USDT	+0.0090%	4h	0.4246	+0.198%	$551K	$309K	20x	as long as short
Hyperliquid GRASS	+0.0100%	1h	0.4244	+0.151%	$16.0M	$4.0M	3x	as long as short
Binance GRASSUSDT	+0.0100%	4h	0.4239	+0.034%	$10.1M	$30.0M	75x	as long as short
Bybit GRASSUSDTlong	+0.0100%	4h	0.4238	long leg	$23.8M	$17.1M	25x
OKX GRASS-USDT-SWAP	+0.0100%	4h	0.4241	+0.080%	$3.3M	$16.2M	20x	as long as short
Gate GRASS_USDT	+0.0100%	4h	0.4234	−0.085%	$1.2M	$1.6M	50x	as long as short
MEXC GRASS_USDT	+0.0100%	4h	0.4237	−0.014%	$1.3M	$2.4M	100x	as long as short
KuCoin GRASSUSDTM	+0.0100%	4h	0.4235	−0.061%	$1.2M	$1.7M	50x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget GRASSUSDT	+0.0100%	4h	0.4235	−0.064%	$4.9M	$3.3M	75x	as long as short
BingX GRASS-USDT	+0.0100%	4h	0.4236	−0.038%	—	$7.3M	—	as long as short
Variational Omni GRASS	+0.0100%	4h	0.4238	+0.004%	$2.1M	$1.3M	—	as long as short
Extended GRASS-USD	+0.0104%	1h	0.4235	−0.059%	$210K	$898K	10x	as long as short
Aster GRASSUSDT	+0.0527%	4h	0.4238	+0.009%	$66K	$232K	10x	as long as short
Kraken Futures PF_GRASSUSDshort	+0.0796%	1h	0.4234	−0.091%	$153K	$132K	20x
Lighter GRASS	+0.2272%	1h	0.4257	+0.460%	$910K	$880K	5x	as long as short