Funding arb · Price arb /

GRASS

all GRASS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0723%/8h= −79.1% APRpaid last 24h −0.166%

Price spread now: BloFin against Kraken Futures+0.034%57s7-day average +0.048% · you sell dearer than you buy

Net, funding: paid 7d − costs−$372as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1681.676% of the position

Long on Kraken Futures Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days−2.040%−$204 on $10k

Price spread, last 4 days (all we have)+0.018%+$2 · spread now +0.034%, 7d avg +0.048%

Together, before fees−2.022%−$202 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.048%, so right now this pair is about funding alone: −$22 a day on $10k at the current rate. The two prices were read 57 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_GRASSUSD	0.4238	0.0795	pay 0.0099% / 1h	45m 49s	$153K	$132K	20x
Short	BloFin GRASS-USDT	0.4239	0.0072	get 0.0036% / 4h	45m 49s	$550K	$309K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.034%Rate

Funding earned: −$151.78
Price spread: +0.034% → +0.048%: −$1.35
Slippage, 4 orders: −$145.6
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$320.73
Costs to cover: 1.676%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 11 min ago; BloFin: live order book, 55 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, 11 min ago	36.43 bp	57.6 bp −$58	149.8 bp −$1,498	doesn't fit	doesn't fit
Sell BloFin live order book, 55 min ago	3.56 bp	25.6 bp −$26	45.9 bp −$459	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	0.4236	−0.047%	$636	—	15x	as long as short
Injective GRASS/USDC PERP	+0.0033%	1h	0.4267	+0.695%	$7	$23K	5.5x	as long as short
BloFin GRASS-USDTshort	+0.0072%	4h	0.4239	+0.034%	$550K	$309K	20x
Hyperliquid GRASS	+0.0100%	1h	0.4242	+0.096%	$16.0M	$4.0M	3x	as long as short
Binance GRASSUSDT	+0.0100%	4h	0.4238	+0.001%	$10.1M	$30.0M	75x	as long as short
Bybit GRASSUSDT	+0.0100%	4h	0.4234	−0.077%	$23.7M	$17.1M	25x	as long as short
OKX GRASS-USDT-SWAP	+0.0100%	4h	0.4235	−0.060%	$3.3M	$16.2M	20x	as long as short
Gate GRASS_USDT	+0.0100%	4h	0.4235	−0.060%	$1.2M	$1.6M	50x	as long as short
MEXC GRASS_USDT	+0.0100%	4h	0.4236	−0.037%	$1.3M	$2.4M	100x	as long as short
KuCoin GRASSUSDTM	+0.0100%	4h	0.4237	−0.013%	$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	−0.067%	$4.9M	$3.3M	75x	as long as short
BingX GRASS-USDT	+0.0100%	4h	0.4237	−0.013%	—	$7.3M	—	as long as short
Variational Omni GRASS	+0.0100%	4h	0.4236	−0.043%	$2.1M	$1.3M	—	as long as short
Extended GRASS-USD	+0.0104%	1h	0.4233	−0.116%	$210K	$898K	10x	as long as short
Aster GRASSUSDT	+0.0522%	4h	0.4243	+0.125%	$66K	$232K	10x	as long as short
Kraken Futures PF_GRASSUSDlong	+0.0795%	1h	0.4238	long leg	$153K	$132K	20x
Lighter GRASS	+0.2184%	1h	0.4257	+0.457%	$910K	$880K	5x	as long as short