Funding you earn now, next payment 01:00 UTC−0.0178%/8h= −19.5% APRpaid last 24h −0.201%
Price spread now: OKX against Kraken Futures+0.134%45s7-day average −0.031% · you sell dearer than you buy
Net, funding: paid 7d − costs−$346as 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−$1431.431% of the position
Funding, last 7 days−2.033%−$203 on $10k
+Price spread, last 3 days (all we have)−0.264%−$26 · spread now +0.134%, 7d avg −0.031%
=The price spread pays, funding is against you. OKX is 0.165% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.134% now, against its 7-day average of −0.031%): +$17 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 3.1 days. At the pace of the last 7 days (−2.033% in total) that is about 14 hours. The two prices were read 45 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 | 0.4200 | 0.0278 | pay 0.0035% / 1h | 8m 35s | $150K | $127K | 20x |
| Short | OKX GRASS-USDT-SWAP | 0.4206 | 0.0100 | get 0.0050% / 4h | 3h 08m | $3.2M | $13.8M | 20x |
Kraken Futures PF_GRASSUSD
OKX GRASS-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$37.37
- Price spread: +0.134% → −0.031%
- $16.53
- Slippage, 4 orders
- −$123.12
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$163.96
- Costs to cover
- 1.431%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 64 min ago; OKX: live order book, 5 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, 64 min ago | 21.65 bp | 48.7 bp −$49 | 149.3 bp −$1,493 | doesn't fit | doesn't fit |
| Sell OKX live order book, 5 min ago | 2.39 bp | 19.8 bp −$20 | 58.6 bp −$586 | 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 | −0.0112% | 1h | 0.4208 | +0.179% | $632 | — | 15x | as long as short |
| Injective GRASS/USDC PERP | +0.0033% | 1h | 0.4267 | +1.587% | $7 | $23K | 5.5x | as long as short |
| Binance GRASSUSDT | +0.0100% | 4h | 0.4204 | +0.082% | $10.0M | $26.7M | 75x | as long as short |
| Bybit GRASSUSDT | +0.0100% | 4h | 0.4204 | +0.084% | $23.8M | $15.3M | 25x | as long as short |
| OKX GRASS-USDT-SWAPshort | +0.0100% | 4h | 0.4206 | +0.134% | $3.2M | $13.8M | 20x | |
| Gate GRASS_USDT | +0.0100% | 4h | 0.4198 | −0.056% | $1.1M | $1.5M | 50x | as long as short |
| MEXC GRASS_USDT | +0.0100% | 4h | 0.4201 | +0.015% | $1.2M | $2.2M | 100x | as long as short |
| Bitget GRASSUSDT | +0.0100% | 4h | 0.4204 | +0.099% | $4.9M | $3.0M | 75x | as long as short |
| BingX GRASS-USDT | +0.0100% | 4h | 0.4201 | +0.015% | — | $7.3M | — | as long as short |
| Variational Omni GRASS | +0.0100% | 4h | 0.4185 | −0.370% | $2.0M | $1.2M | — | as long as short |
Reya GRASSRUSDPERP
Injective GRASS/USDC PERP
Binance GRASSUSDT
Bybit GRASSUSDT
Gate GRASS_USDT
MEXC GRASS_USDT
Bitget GRASSUSDT
BingX GRASS-USDT
Variational Omni GRASSShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended GRASS-USD | +0.0104% | 1h | 0.4198 | −0.049% | $207K | $900K | 10x | as long as short |
| BloFin GRASS-USDT | +0.0107% | 4h | 0.4210 | +0.230% | $533K | $304K | 20x | as long as short |
| KuCoin GRASSUSDTM | +0.0210% | 4h | 0.4205 | +0.110% | $1.3M | $1.5M | 50x | as long as short |
| Kraken Futures PF_GRASSUSDlong | +0.0278% | 1h | 0.4200 | long leg | $150K | $127K | 20x | |
| Aster GRASSUSDT | +0.0606% | 4h | 0.4201 | +0.010% | $68K | $209K | 10x | as long as short |
| Hyperliquid GRASS | +0.0607% | 1h | 0.4216 | +0.380% | $15.7M | $3.7M | 3x | as long as short |
| Lighter GRASS | +0.2080% | 1h | 0.4220 | +0.458% | $824K | $783K | 5x | as long as short |
Extended GRASS-USD
BloFin GRASS-USDT
KuCoin GRASSUSDTM
Aster GRASSUSDT
Hyperliquid GRASS
Lighter GRASS