Funding arb · Price arb /

GRASS

all GRASS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.1305%/8h= −142.9% APRpaid last 24h −0.199%

Price spread now: Binance against Kraken Futures−0.083%7-day average +0.009% · you buy dearer than you sell

Net, funding: paid 7d − costs−$340as in the Funding arb table

Net, price: spread back to 7d avg − costs−$149as in the Price arb table

costs, in and out, $10k−$1401.402% of the position

Long on Kraken Futures Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−2.002%−$200 on $10k

Price spread, last 3 days (all we have)+0.023%+$2 · spread now −0.083%, 7d avg +0.009%

Together, before fees−1.979%−$198 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$39 a day on $10k at the current rate, and Binance is 0.092% 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 +0.009%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_GRASSUSD	0.4154	0.1405	pay 0.0176% / 1h	2m 31s	$147K	$124K	20x
Short	Binance GRASSUSDT	0.4151	0.0100	get 0.0050% / 4h	2m 31s	$9.8M	$25.1M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now −0.083%Rate

Funding earned: −$273.98
Price spread: −0.083% → +0.009%: −$9.22
Slippage, 4 orders: −$120.18
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$423.38
Costs to cover: 1.402%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 10 min ago; Binance: live order book, 9 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, 10 min ago	21.65 bp	48.7 bp −$49	149.3 bp −$1,493	doesn't fit	doesn't fit
Sell Binance live order book, 9 min ago	2.41 bp	20.0 bp −$20	44.5 bp −$445	321.3 bp −$32.1K	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	0.4152	−0.056%	$624	—	15x	as long as short
Injective GRASS/USDC PERP	+0.0033%	1h	0.4267	+2.720%	$7	$23K	5.5x	as long as short
BloFin GRASS-USDT	+0.0055%	4h	0.4151	−0.073%	$520K	$295K	20x	as long as short
Binance GRASSUSDTshort	+0.0100%	4h	0.4151	−0.083%	$9.8M	$25.1M	75x
Bybit GRASSUSDT	+0.0100%	4h	0.4145	−0.217%	$23.4M	$14.7M	25x	as long as short
OKX GRASS-USDT-SWAP	+0.0100%	4h	0.4145	−0.217%	$3.0M	$12.7M	20x	as long as short
Gate GRASS_USDT	+0.0100%	4h	0.4146	−0.193%	$1.1M	$1.5M	50x	as long as short
MEXC GRASS_USDT	+0.0100%	4h	0.4150	−0.097%	$1.1M	$2.2M	100x	as long as short
Bitget GRASSUSDT	+0.0100%	4h	0.4144	−0.229%	$4.8M	$2.8M	75x	as long as short
BingX GRASS-USDT	+0.0100%	4h	0.4147	−0.169%	—	$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	0.4160	+0.155%	$2.0M	$1.2M	—	as long as short
Extended GRASS-USD	+0.0104%	1h	0.4144	−0.235%	$205K	$823K	10x	as long as short
KuCoin GRASSUSDTM	+0.0122%	4h	0.4148	−0.145%	$1.3M	$1.4M	50x	as long as short
Hyperliquid GRASS	+0.0341%	1h	0.4154	0.000%	$15.5M	$3.6M	3x	as long as short
Aster GRASSUSDT	+0.0626%	4h	0.4150	−0.086%	$64K	$208K	10x	as long as short
Kraken Futures PF_GRASSUSDlong	+0.1405%	1h	0.4154	long leg	$147K	$124K	20x
Lighter GRASS	+0.2576%	1h	0.4166	+0.298%	$813K	$774K	5x	as long as short