Funding arb · Price arb /

GRASS

all GRASS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.1435%/8h= −157.1% APRpaid last 24h −0.191%

Price spread now: Gate against Kraken Futures+0.102%7-day average −0.105% · you sell dearer than you buy

Net, funding: paid 7d − costs−$408as in the Funding arb table

Net, price: spread back to 7d avg − costs−$183as in the Price arb table

costs, in and out, $10k−$2042.041% of the position

Long on Kraken Futures Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−2.035%−$204 on $10k

Price spread, last 3 days (all we have)−0.043%−$4 · spread now +0.102%, 7d avg −0.105%

Together, before fees−2.078%−$208 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Gate is 0.207% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.102% now, against its 7-day average of −0.105%): +$21 on $10k if it goes back. Holding the pair costs −$43 a day in funding at the current rate, which eats that in about 12 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_GRASSUSD	0.4388	0.1535	pay 0.0192% / 1h	48m 49s	$165K	$58K	20x
Short	Gate GRASS_USDT	0.4392	0.0100	get 0.0050% / 4h	2h 48m	$1.2M	$930K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.102%Rate

Funding earned: −$301.26
Price spread: +0.102% → −0.105%: $20.7
Slippage, 4 orders: −$179.07
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$484.64
Costs to cover: 2.041%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 38 min ago; Gate: live order book, 3 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, 38 min ago	51.69 bp	68.3 bp −$68	239.5 bp −$2,395	doesn't fit	doesn't fit
Sell Gate live order book, 3 min ago	8.05 bp	26.6 bp −$27	361.0 bp −$3,610	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	−0.0115%	1h	0.4366	−0.498%	$656	—	15x	as long as short
Bybit GRASSUSDT	+0.0100%	4h	0.4419	+0.717%	$24.3M	$9.0M	25x	as long as short
OKX GRASS-USDT-SWAP	+0.0100%	4h	0.4417	+0.672%	$3.1M	$5.6M	20x	as long as short
Gate GRASS_USDTshort	+0.0100%	4h	0.4392	+0.102%	$1.2M	$930K	50x
KuCoin GRASSUSDTM	+0.0100%	4h	0.4395	+0.170%	$1.5M	$859K	50x	as long as short
Bitget GRASSUSDT	+0.0100%	4h	0.4394	+0.147%	$5.1M	$1.8M	75x	as long as short
Variational Omni GRASS	+0.0100%	4h	0.4352	−0.809%	$1.4M	$325K	—	as long as short
BloFin GRASS-USDT	+0.0284%	4h	0.4376	−0.263%	$560K	$250K	20x	as long as short
Extended GRASS-USD	+0.0312%	1h	0.4398	+0.229%	$216K	$817K	10x	as long as short
Binance GRASSUSDT	+0.0312%	4h	0.4414	+0.603%	$10.7M	$12.0M	75x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC GRASS_USDT	+0.0316%	4h	0.4403	+0.353%	$1.4M	$915K	100x	as long as short
BingX GRASS-USDT	+0.0328%	4h	0.4398	+0.239%	—	$7.0M	—	as long as short
Hyperliquid GRASS	+0.0416%	1h	0.4410	+0.517%	$16.3M	$2.2M	3x	as long as short
Lighter GRASS	+0.1376%	1h	0.4418	+0.688%	$698K	$505K	5x	as long as short
Aster GRASSUSDT	+0.1514%	4h	0.4393	+0.128%	$64K	$110K	10x	as long as short
Kraken Futures PF_GRASSUSDlong	+0.1535%	1h	0.4388	long leg	$165K	$58K	20x
Injective GRASS/USDC PERP	+0.5000%	1h	0.4267	−2.747%	$7	$23K	5.5x	as long as short