Funding arb · Price arb /

GRASS

all GRASS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.1302%/8h= −142.5% APRpaid last 24h −0.199%

Price spread now: Bybit against Kraken Futures−0.055%7-day average −0.153% · you buy dearer than you sell

Net, funding: paid 7d − costs−$351as in the Funding arb table

Net, price: spread back to 7d avg − costs−$132as in the Price arb table

costs, in and out, $10k−$1421.421% of the position

Long on Kraken Futures Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−2.089%−$209 on $10k

Price spread, last 3 days (all we have)−0.170%−$17 · spread now −0.055%, 7d avg −0.153%

Together, before fees−2.258%−$226 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bybit is 0.098% dearer against Kraken Futures than usual: you sell high and buy low (spread −0.055% now, against its 7-day average of −0.153%): +$10 on $10k if it goes back. Holding the pair costs −$39 a day in funding at the current rate, which eats that in about 6 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_GRASSUSD	0.4163	0.1402	pay 0.0175% / 1h	6m 18s	$147K	$124K	20x
Short	Bybit GRASSUSDT	0.4161	0.0100	get 0.0050% / 4h	6m 18s	$23.5M	$14.7M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.055%Rate

Funding earned: −$273.32
Price spread: −0.055% → −0.153%: $9.77
Slippage, 4 orders: −$121.09
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$405.64
Costs to cover: 1.421%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 6 min ago; Bybit: live order book, 2 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, 6 min ago	21.65 bp	48.7 bp −$49	149.3 bp −$1,493	doesn't fit	doesn't fit
Sell Bybit live order book, 2 min ago	3.61 bp	20.4 bp −$20	48.6 bp −$486	401.7 bp −$40.2K	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	0.4159	−0.099%	$625	—	15x	as long as short
Injective GRASS/USDC PERP	+0.0033%	1h	0.4267	+2.491%	$7	$23K	5.5x	as long as short
Binance GRASSUSDT	+0.0100%	4h	0.4166	+0.057%	$9.8M	$25.1M	75x	as long as short
Bybit GRASSUSDTshort	+0.0100%	4h	0.4161	−0.055%	$23.5M	$14.7M	25x
OKX GRASS-USDT-SWAP	+0.0100%	4h	0.4163	−0.007%	$3.0M	$12.7M	20x	as long as short
Gate GRASS_USDT	+0.0100%	4h	0.4159	−0.103%	$1.1M	$1.5M	50x	as long as short
MEXC GRASS_USDT	+0.0100%	4h	0.4162	−0.031%	$1.1M	$2.2M	100x	as long as short
Bitget GRASSUSDT	+0.0100%	4h	0.4159	−0.094%	$4.9M	$2.8M	75x	as long as short
BingX GRASS-USDT	+0.0100%	4h	0.4161	−0.055%	—	$7.3M	—	as long as short
Variational Omni GRASS	+0.0100%	4h	0.4160	−0.069%	$2.0M	$1.2M	—	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended GRASS-USD	+0.0104%	1h	0.4160	−0.084%	$205K	$823K	10x	as long as short
KuCoin GRASSUSDTM	+0.0126%	4h	0.4166	+0.065%	$1.3M	$1.3M	50x	as long as short
BloFin GRASS-USDT	+0.0127%	4h	0.4164	+0.017%	$521K	$296K	20x	as long as short
Hyperliquid GRASS	+0.0316%	1h	0.4170	+0.151%	$15.5M	$3.6M	3x	as long as short
Aster GRASSUSDT	+0.0661%	4h	0.4162	−0.036%	$64K	$208K	10x	as long as short
Kraken Futures PF_GRASSUSDlong	+0.1402%	1h	0.4163	long leg	$147K	$124K	20x
Lighter GRASS	+0.2640%	1h	0.4178	+0.343%	$815K	$774K	5x	as long as short