Funding arb · Price arb /

GRASS

all GRASS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0007%/8h= +0.8% APRpaid last 24h −0.150%

Price spread now: KuCoin against Kraken Futures−0.492%7-day average −0.049% · you buy dearer than you sell

Net, funding: paid 7d − costs−$359as in the Funding arb table

Net, price: spread back to 7d avg − costs−$189as in the Price arb table

costs, in and out, $10k−$1451.445% of the position

Long on Kraken Futures Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−2.144%−$214 on $10k

Price spread, last 4 days (all we have)+0.326%+$33 · spread now −0.492%, 7d avg −0.049%

Together, before fees−1.817%−$182 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: KuCoin is 0.444% cheaper against Kraken Futures than usual: you would sell low and buy high, −$44 on $10k if it goes back to its 7-day average of −0.049%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_GRASSUSD	0.4447	0.0093	pay 0.0012% / 1h	8m 13s	$161K	$181K	20x
Short	KuCoin GRASSUSDTM	0.4425	0.0100	get 0.0050% / 4h	8m 13s	$1.3M	$2.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Kraken Futures. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 KuCoinbpOrdersPrice spread, now −0.492%Rate

Funding earned: $1.56
Price spread: −0.492% → −0.049%: −$44.36
Slippage, 4 orders: −$122.51
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$187.3
Costs to cover: 1.445%
Break-even: 846.5 days

Slippage from Kraken Futures: live order book, 32 min ago; KuCoin: 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, 32 min ago	26.71 bp	49.3 bp −$49	144.4 bp −$1,444	doesn't fit	doesn't fit
Sell KuCoin live order book, 2 min ago	7.87 bp	27.4 bp −$27	245.6 bp −$2,456	doesn't fit	doesn't fit

GRASS on 17 exchanges

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	−0.0104%	1h	0.4455	+0.184%	$669	—	15x	as long as short
Injective GRASS/USDC PERP	+0.0033%	1h	0.4267	−4.045%	$7	$23K	5.5x	as long as short
BloFin GRASS-USDT	+0.0068%	4h	0.4451	+0.092%	$566K	$566K	20x	as long as short
Kraken Futures PF_GRASSUSDlong	+0.0093%	1h	0.4447	long leg	$161K	$181K	20x
Hyperliquid GRASS	+0.0100%	1h	0.4456	+0.193%	$16.9M	$5.7M	3x	as long as short
Aster GRASSUSDT	+0.0100%	4h	0.4452	+0.122%	$67K	$440K	10x	as long as short
Binance GRASSUSDT	+0.0100%	4h	0.4447	+0.008%	$10.6M	$51.7M	75x	as long as short
Bybit GRASSUSDT	+0.0100%	4h	0.4443	−0.090%	$25.5M	$25.9M	25x	as long as short
OKX GRASS-USDT-SWAP	+0.0100%	4h	0.4445	−0.043%	$3.5M	$27.6M	20x	as long as short
Gate GRASS_USDT	+0.0100%	4h	0.4457	+0.227%	$1.2M	$2.2M	50x	as long as short

Show all 17 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC GRASS_USDT	+0.0100%	4h	0.4461	+0.317%	$1.8M	$3.8M	100x	as long as short
KuCoin GRASSUSDTMshort	+0.0100%	4h	0.4425	−0.492%	$1.3M	$2.8M	50x
Bitget GRASSUSDT	+0.0100%	4h	0.4443	−0.085%	$5.2M	$5.4M	75x	as long as short
BingX GRASS-USDT	+0.0100%	4h	0.4459	+0.272%	—	$7.7M	—	as long as short
Variational Omni GRASS	+0.0100%	4h	0.4443	−0.081%	$2.2M	$1.6M	—	as long as short
Extended GRASS-USD	+0.0104%	1h	0.4442	−0.119%	$223K	$1.3M	10x	as long as short
Lighter GRASS	+0.0952%	1h	0.4457	+0.225%	$864K	$1.1M	5x	as long as short