Funding arb · Price arb /

GRASS

all GRASS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.1369%/8h= −149.9% APRpaid last 24h −0.153%

Price spread now: BingX against Kraken Futures−0.332%7-day average −0.055% · you buy dearer than you sell

Net, funding: paid 7d − costs−$420as in the Funding arb table

Net, price: spread back to 7d avg − costs−$241as in the Price arb table

costs, in and out, $10k−$2132.131% of the position

Long on Kraken Futures Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days−2.071%−$207 on $10k

Price spread, last 4 days (all we have)+0.159%+$16 · spread now −0.332%, 7d avg −0.055%

Together, before fees−1.913%−$191 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$41 a day on $10k at the current rate, and BingX is 0.277% cheaper against Kraken Futures than usual: you would sell low and buy high (−$28 if the spread goes back to its 7-day average of −0.055%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_GRASSUSD	0.4364	0.1469	pay 0.0184% / 1h	23m 42s	$158K	$147K	20x
Short	BingX GRASS-USDT	0.4350	0.0100	get 0.0050% / 4h	2h 23m	—	$7.3M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now −0.332%Rate

Funding earned: −$287.56
Price spread: −0.332% → −0.055%: −$27.69
Slippage, 4 orders: −$193.08
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: −$528.33
Costs to cover: 2.131%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 24 min ago; BingX: 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 Kraken Futures live order book, 24 min ago	48.44 bp	77.1 bp −$77	191.4 bp −$1,914	doesn't fit	doesn't fit
Sell BingX live order book, 14 min ago	4.55 bp	18.3 bp −$18	46.1 bp −$461	240.0 bp −$24.0K	603.8 bp −$301.9K

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	−0.0109%	1h	0.4370	+0.128%	$657	—	15x	as long as short
Injective GRASS/USDC PERP	+0.0033%	1h	0.4267	−2.234%	$7	$23K	5.5x	as long as short
BloFin GRASS-USDT	+0.0044%	4h	0.4377	+0.287%	$564K	$370K	20x	as long as short
Binance GRASSUSDT	+0.0100%	4h	0.4358	−0.142%	$10.3M	$34.3M	75x	as long as short
Bybit GRASSUSDT	+0.0100%	4h	0.4348	−0.378%	$24.7M	$19.0M	25x	as long as short
OKX GRASS-USDT-SWAP	+0.0100%	4h	0.4350	−0.332%	$3.4M	$19.5M	20x	as long as short
Gate GRASS_USDT	+0.0100%	4h	0.4358	−0.149%	$1.2M	$1.8M	50x	as long as short
MEXC GRASS_USDT	+0.0100%	4h	0.4352	−0.286%	$1.5M	$2.8M	100x	as long as short
KuCoin GRASSUSDTM	+0.0100%	4h	0.4362	−0.057%	$1.3M	$1.9M	50x	as long as short
Bitget GRASSUSDT	+0.0100%	4h	0.4345	−0.442%	$5.1M	$3.6M	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-USDTshort	+0.0100%	4h	0.4350	−0.332%	—	$7.3M	—
Variational Omni GRASS	+0.0100%	4h	0.4377	+0.293%	$2.2M	$1.3M	—	as long as short
Extended GRASS-USD	+0.0104%	1h	0.4347	−0.394%	$218K	$775K	10x	as long as short
Aster GRASSUSDT	+0.0446%	4h	0.4362	−0.052%	$66K	$298K	10x	as long as short
Hyperliquid GRASS	+0.0488%	1h	0.4363	−0.045%	$16.6M	$4.4M	3x	as long as short
Kraken Futures PF_GRASSUSDlong	+0.1469%	1h	0.4364	long leg	$158K	$147K	20x
Lighter GRASS	+0.1648%	1h	0.4377	+0.287%	$844K	$980K	5x	as long as short