GRASS

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.1229%/8h= −134.5% APRnext payment −$1.54 per $10,000 · paid last 24h −0.026%

Price spread now: Hyperliquid against Kraken Futures−0.322%7-day average +0.087% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Kraken Futures Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days−1.508%−$151 on $10k

Price spread, last 3 days (all we have)+0.311%+$31 · spread now −0.322%, 7d avg +0.087%

Together, before fees−1.197%+ Points / potential airdropHyperliquid: Season 2 · farm board−$120 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$37 a day on $10k at the current rate, and Hyperliquid is 0.409% cheaper against Kraken Futures than usual: you would sell low and buy high (−$41 if the spread goes back to its 7-day average of +0.087%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_GRASSUSD	0.4392	0.1329	pay 0.0166% / 1h	59m 03s	$157K	$110K	20x
Short	Hyperliquid GRASS	0.4377	0.0100	get 0.0013% / 1h	59m 03s	$16.4M	$3.4M	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid 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 HyperliquidbpOrdersPrice spread, now −0.322%Rate

Funding earned: −$258.03
Price spread: −0.322% → +0.087%: −$40.91
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$317.94
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: Kraken Futures: live order book, 18 min ago; Hyperliquid: live order book, 4 min ago. Net counts fees only.

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, 18 min ago	26.34 bp	53.8 bp −$54	151.2 bp −$1,512	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 4 min ago	2.28 bp	12.6 bp −$13	doesn't fit	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	−0.0113%	1h	0.4415	+0.527%	$663	—	15x	as long as short
Injective GRASS/USDC PERP	+0.0033%	1h	0.4267	−2.836%	$7	$23K	5.5x	as long as short
Hyperliquid GRASSshort	+0.0100%	1h	0.4377	−0.322%	$16.4M	$3.4M	3x
Bybit GRASSUSDT	+0.0100%	4h	0.4326	−1.493%	$24.4M	$13.3M	25x	as long as short
OKX GRASS-USDT-SWAP	+0.0100%	4h	0.4324	−1.538%	$3.2M	$11.3M	20x	as long as short
Gate GRASS_USDT	+0.0100%	4h	0.4375	−0.377%	$1.2M	$1.4M	50x	as long as short
Bitget GRASSUSDT	+0.0100%	4h	0.4351	−0.930%	$5.1M	$2.7M	75x	as long as short
Variational Omni GRASS	+0.0100%	4h	0.4388	−0.072%	$2.1M	$1.2M	—	as long as short
MEXC GRASS_USDT	+0.0206%	4h	0.4377	−0.331%	$1.3M	$1.9M	100x	as long as short
Binance GRASSUSDT	+0.0208%	4h	0.4368	−0.543%	$10.4M	$22.4M	75x	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	+0.0208%	1h	0.4393	+0.036%	$217K	$823K	10x	as long as short
KuCoin GRASSUSDTM	+0.0216%	4h	0.4377	−0.331%	$1.4M	$1.2M	50x	as long as short
BloFin GRASS-USDT	+0.0219%	4h	0.4415	+0.534%	$561K	$294K	20x	as long as short
BingX GRASS-USDT	+0.0226%	4h	0.4355	−0.832%	—	$7.3M	—	as long as short
Aster GRASSUSDT	+0.1083%	4h	0.4390	−0.038%	$77K	$190K	10x	as long as short
Kraken Futures PF_GRASSUSDlong	+0.1329%	1h	0.4392	long leg	$157K	$110K	20x
Lighter GRASS	+0.2808%	1h	0.4402	+0.236%	$859K	$762K	5x	as long as short