Funding arb · Price arb /

GRASS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.001%

Price spread now: Bybit against KuCoin+0.094%7-day average −0.093% · you sell dearer than you buy

Net, funding: paid 7d − costs−$109as in the Funding arb table

Net, price: spread back to 7d avg − costs−$81as in the Price arb table

costs, in and out, $10k−$1001.001% of the position

Long on KuCoin Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.085%−$9 on $10k

Price spread, last 7 days−0.239%−$24 · spread now +0.094%, 7d avg −0.093%

Together, before fees−0.324%−$32 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: Bybit is 0.187% dearer against KuCoin than usual: you sell high and buy low, +$19 on $10k if it goes back to its 7-day average of −0.093%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin GRASSUSDTM	0.4271	0.0100	pay 0.0050% / 4h	1m 23s	$1.2M	$1.7M	50x
Short	Bybit GRASSUSDT	0.4275	0.0100	get 0.0050% / 4h	1m 23s	$24.0M	$17.2M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against KuCoin. 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 KuCoinbpFee BybitbpOrdersPrice spread, now +0.094%Rate

Funding earned: $0
Price spread: +0.094% → −0.093%: $18.7
Slippage, 4 orders: −$77.11
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$81.41
Costs to cover: 1.001%
Break-even: never at this rate

Slippage from KuCoin: live order book, 5 min ago; Bybit: 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 KuCoin live order book, 5 min ago	8.22 bp	33.1 bp −$33	542.8 bp −$5,428	doesn't fit	doesn't fit
Sell Bybit live order book, 2 min ago	1.17 bp	21.2 bp −$21	45.4 bp −$454	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	−0.0110%	1h	0.4273	+0.043%	$642	—	15x	as long as short
Injective GRASS/USDC PERP	+0.0033%	1h	0.4267	−0.094%	$7	$23K	5.5x	as long as short
BloFin GRASS-USDT	+0.0097%	4h	0.4259	−0.281%	$547K	$322K	20x	as long as short
Binance GRASSUSDT	+0.0100%	4h	0.4275	+0.103%	$10.2M	$30.5M	75x	as long as short
Bybit GRASSUSDTshort	+0.0100%	4h	0.4275	+0.094%	$24.0M	$17.2M	25x
OKX GRASS-USDT-SWAP	+0.0100%	4h	0.4270	−0.023%	$3.4M	$16.6M	20x	as long as short
Gate GRASS_USDT	+0.0100%	4h	0.4271	0.000%	$1.2M	$1.6M	50x	as long as short
MEXC GRASS_USDT	+0.0100%	4h	0.4278	+0.164%	$1.5M	$2.5M	100x	as long as short
KuCoin GRASSUSDTMlong	+0.0100%	4h	0.4271	long leg	$1.2M	$1.7M	50x
Bitget GRASSUSDT	+0.0100%	4h	0.4273	+0.040%	$5.0M	$3.3M	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	0.4273	+0.047%	—	$7.3M	—	as long as short
Variational Omni GRASS	+0.0100%	4h	0.4256	−0.357%	$2.1M	$1.3M	—	as long as short
Extended GRASS-USD	+0.0104%	1h	0.4274	+0.059%	$211K	$890K	10x	as long as short
Hyperliquid GRASS	+0.0309%	1h	0.4280	+0.211%	$16.2M	$4.1M	3x	as long as short
Aster GRASSUSDT	+0.0409%	4h	0.4265	−0.143%	$61K	$241K	10x	as long as short
Kraken Futures PF_GRASSUSD	+0.0791%	1h	0.4256	−0.341%	$153K	$135K	20x	as long as short
Lighter GRASS	+0.2056%	1h	0.4276	+0.117%	$880K	$918K	5x	as long as short