Funding arb · Price arb /

GRASS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.007%

Price spread now: KuCoin against Extended−0.108%7-day average +0.035% · you buy dearer than you sell

Net, funding: paid 7d − costs−$95as in the Funding arb table

Net, price: spread back to 7d avg − costs−$108as in the Price arb table

costs, in and out, $10k−$940.938% of the position

Long on Extended Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.017%−$2 on $10k

Price spread, last 4 days (all we have)+0.040%+$4 · spread now −0.108%, 7d avg +0.035%

Together, before fees+0.024%+ Points / potential airdropExtended: Active · farm board+$2 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: KuCoin is 0.142% cheaper against Extended than usual: you would sell low and buy high, −$14 on $10k if it goes back to its 7-day average of +0.035%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended GRASS-USD	0.4472	0.0104	pay 0.0013% / 1h	41m 23s	$224K	$1.3M	10x
Short	KuCoin GRASSUSDTM	0.4467	0.0100	get 0.0050% / 4h	41m 23s	$1.3M	$2.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Extended. 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 ExtendedbpFee KuCoinbpOrdersPrice spread, now −0.108%Rate

Funding earned: −$0.84
Price spread: −0.108% → +0.035%: −$14.24
Slippage, 4 orders: −$76.81
Fee Extended: 2.5 bp × 2 orders: −$5
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$108.9
Costs to cover: 0.938%
Break-even: never at this rate

Slippage from Extended: live order book, 2 min ago; KuCoin: live order book, 5 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 Extended live order book, 2 min ago	4.47 bp	14.9 bp −$15	103.6 bp −$1,036	doesn't fit	doesn't fit
Sell KuCoin live order book, 5 min ago	7.95 bp	29.2 bp −$29	271.3 bp −$2,713	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	0.4500	+0.620%	$676	—	15x	as long as short
Injective GRASS/USDC PERP	+0.0033%	1h	0.4267	−4.580%	$7	$23K	5.5x	as long as short
BloFin GRASS-USDT	+0.0099%	4h	0.4485	+0.295%	$562K	$396K	20x	as long as short
Binance GRASSUSDT	+0.0100%	4h	0.4474	+0.049%	$10.5M	$37.2M	75x	as long as short
Bybit GRASSUSDT	+0.0100%	4h	0.4471	−0.029%	$25.6M	$20.5M	25x	as long as short
OKX GRASS-USDT-SWAP	+0.0100%	4h	0.4471	−0.018%	$3.5M	$22.0M	20x	as long as short
Gate GRASS_USDT	+0.0100%	4h	0.4475	+0.071%	$1.3M	$1.9M	50x	as long as short
MEXC GRASS_USDT	+0.0100%	4h	0.4471	−0.018%	$1.5M	$2.9M	100x	as long as short
KuCoin GRASSUSDTMshort	+0.0100%	4h	0.4467	−0.108%	$1.3M	$2.0M	50x
Bitget GRASSUSDT	+0.0100%	4h	0.4467	−0.110%	$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	0.4472	+0.004%	—	$7.4M	—	as long as short
Variational Omni GRASS	+0.0100%	4h	0.4405	−1.502%	$2.2M	$1.4M	—	as long as short
Extended GRASS-USDlong	+0.0104%	1h	0.4472	long leg	$224K	$1.3M	10x
Aster GRASSUSDT	+0.0417%	4h	0.4475	+0.075%	$67K	$319K	10x	as long as short
Hyperliquid GRASS	+0.0634%	1h	0.4476	+0.096%	$17.0M	$4.6M	3x	as long as short
Kraken Futures PF_GRASSUSD	+0.0967%	1h	0.4509	+0.822%	$162K	$154K	20x	as long as short
Lighter GRASS	+0.1120%	1h	0.4509	+0.832%	$870K	$1.0M	5x	as long as short