Funding arb · Price arb /

GRASS

all GRASS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0736%/8h= −80.6% APRpaid last 24h −0.042%

Price spread now: Aster against Kraken Futures−0.111%7-day average −0.021% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$150as in the Price arb table

costs, in and out, $10k−$1411.407% of the position

Long on Kraken Futures Short on Aster

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)−1.743%−$174 on $10k

Price spread, last 3 days (all we have)−0.038%−$4 · spread now −0.111%, 7d avg −0.021%

Together, before fees−1.782%+ Points / potential airdropAster: Stage 5 · farm board−$178 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$22 a day on $10k at the current rate, and Aster is 0.090% cheaper against Kraken Futures than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of −0.021%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_GRASSUSD	0.4159	0.1403	pay 0.0175% / 1h	8m 43s	$147K	$124K	20x
Short	Aster GRASSUSDT	0.4155	0.0667	get 0.0333% / 4h	8m 43s	$64K	$208K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Kraken Futures. 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 Kraken FuturesbpFee AsterbpOrdersPrice spread, now −0.111%Rate

Funding earned: −$154.63
Price spread: −0.111% → −0.021%: −$8.99
Slippage, 4 orders: −$122.66
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$304.28
Costs to cover: 1.407%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 4 min ago; Aster: live order book, 44 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 Kraken Futures live order book, 4 min ago	21.65 bp	48.7 bp −$49	149.3 bp −$1,493	doesn't fit	doesn't fit
Sell Aster live order book, 44 min ago	10.40 bp	22.8 bp −$23	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	0.4156	−0.074%	$624	—	15x	as long as short
Injective GRASS/USDC PERP	+0.0033%	1h	0.4267	+2.592%	$7	$23K	5.5x	as long as short
BloFin GRASS-USDT	+0.0057%	4h	0.4156	−0.077%	$520K	$295K	20x	as long as short
Binance GRASSUSDT	+0.0100%	4h	0.4158	−0.036%	$9.8M	$25.0M	75x	as long as short
Bybit GRASSUSDT	+0.0100%	4h	0.4153	−0.149%	$23.5M	$14.6M	25x	as long as short
OKX GRASS-USDT-SWAP	+0.0100%	4h	0.4154	−0.125%	$3.0M	$12.6M	20x	as long as short
Gate GRASS_USDT	+0.0100%	4h	0.4152	−0.173%	$1.1M	$1.5M	50x	as long as short
MEXC GRASS_USDT	+0.0100%	4h	0.4156	−0.077%	$1.2M	$2.2M	100x	as long as short
Bitget GRASSUSDT	+0.0100%	4h	0.4150	−0.226%	$4.9M	$2.8M	75x	as long as short
BingX GRASS-USDT	+0.0100%	4h	0.4156	−0.077%	—	$7.3M	—	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni GRASS	+0.0100%	4h	0.4144	−0.356%	$2.0M	$1.2M	—	as long as short
Extended GRASS-USD	+0.0104%	1h	0.4152	−0.162%	$205K	$823K	10x	as long as short
KuCoin GRASSUSDTM	+0.0130%	4h	0.4154	−0.125%	$1.3M	$1.3M	50x	as long as short
Hyperliquid GRASS	+0.0296%	1h	0.4162	+0.072%	$15.5M	$3.6M	3x	as long as short
Aster GRASSUSDTshort	+0.0667%	4h	0.4155	−0.111%	$64K	$208K	10x
Kraken Futures PF_GRASSUSDlong	+0.1403%	1h	0.4159	long leg	$147K	$124K	20x
Lighter GRASS	+0.2664%	1h	0.4172	+0.318%	$814K	$774K	5x	as long as short