Funding arb · Price arb /

GRASS

all GRASS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0889%/8h= −97.4% APRpaid last 24h −0.152%

Price spread now: Variational Omni against Kraken Futures+0.013%7-day average −0.160% · you sell dearer than you buy

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

Long on Kraken Futures Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−1.237%−$124 on $10k

Price spread, last 4 days (all we have)−0.163%−$16 · spread now +0.013%, 7d avg −0.160%

Together, before fees−1.401%+ Points / potential airdropVariational Omni: Active · farm board−$140 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Variational Omni is 0.173% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.013% now, against its 7-day average of −0.160%): +$17 on $10k if it goes back. Holding the pair costs −$27 a day in funding at the current rate, which eats that in about 16 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_GRASSUSD	0.4406	0.0989	pay 0.0124% / 1h	46m 37s	$159K	$153K	20x
Short	Variational Omni GRASS	0.4407	0.0100	get 0.0050% / 4h	46m 37s	$2.2M	$1.4M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now +0.013%Rate

Funding earned: −$186.75
Price spread: +0.013% → −0.160%: $17.3
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$179.45
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: Kraken Futures: live order book, 56 min ago; Variational Omni: RFQ quote, 2 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, 56 min ago	29.78 bp	44.2 bp −$44	147.0 bp −$1,470	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 2 min ago	7.94 bp	doesn't fit	42.0 bp −$420	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	−0.0108%	1h	0.4402	−0.086%	$661	—	15x	as long as short
Injective GRASS/USDC PERP	+0.0033%	1h	0.4267	−3.157%	$7	$23K	5.5x	as long as short
BloFin GRASS-USDT	+0.0071%	4h	0.4404	−0.047%	$554K	$389K	20x	as long as short
Binance GRASSUSDT	+0.0100%	4h	0.4404	−0.042%	$10.4M	$36.8M	75x	as long as short
Bybit GRASSUSDT	+0.0100%	4h	0.4405	−0.022%	$25.3M	$20.3M	25x	as long as short
OKX GRASS-USDT-SWAP	+0.0100%	4h	0.4407	+0.021%	$3.4M	$21.3M	20x	as long as short
Gate GRASS_USDT	+0.0100%	4h	0.4402	−0.093%	$1.3M	$1.9M	50x	as long as short
MEXC GRASS_USDT	+0.0100%	4h	0.4406	−0.002%	$1.5M	$2.9M	100x	as long as short
KuCoin GRASSUSDTM	+0.0100%	4h	0.4405	−0.025%	$1.3M	$2.0M	50x	as long as short
Bitget GRASSUSDT	+0.0100%	4h	0.4404	−0.054%	$5.1M	$3.9M	75x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX GRASS-USDT	+0.0100%	4h	0.4407	+0.021%	—	$7.4M	—	as long as short
Variational Omni GRASSshort	+0.0100%	4h	0.4407	+0.013%	$2.2M	$1.4M	—
Extended GRASS-USD	+0.0104%	1h	0.4405	−0.018%	$217K	$1.3M	10x	as long as short
Aster GRASSUSDT	+0.0368%	4h	0.4408	+0.043%	$67K	$317K	10x	as long as short
Hyperliquid GRASS	+0.0607%	1h	0.4411	+0.111%	$16.8M	$4.6M	3x	as long as short
Lighter GRASS	+0.0984%	1h	0.4425	+0.420%	$853K	$1.0M	5x	as long as short
Kraken Futures PF_GRASSUSDlong	+0.0989%	1h	0.4406	long leg	$159K	$153K	20x