Funding arb · Price arb /

GRASS

all GRASS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.1396%/8h= +152.9% APRpaid last 24h +0.191%

Price spread now: Kraken Futures against KuCoin+0.092%7-day average +0.070% · you sell dearer than you buy

Net, funding: paid 7d − costs−$90as in the Funding arb table

Net, price: spread back to 7d avg − costs−$284as in the Price arb table

costs, in and out, $10k−$2862.863% of the position

Long on KuCoin Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+1.965%+$196 on $10k

Price spread, last 3 days (all we have)−0.014%−$1 · spread now +0.092%, 7d avg +0.070%

Together, before fees+1.951%+$195 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$42 a day on $10k at the current rate, and Kraken Futures is 0.022% dearer against KuCoin than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of +0.070%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin GRASSUSDTM	0.4460	0.0112	pay 0.0056% / 4h	2h 11m	$1.6M	$972K	50x
Short	Kraken Futures PF_GRASSUSD	0.4464	0.1508	get 0.0189% / 1h	11m 09s	$164K	$79K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now +0.092%Rate

Funding earned: $293.21
Price spread: +0.092% → +0.070%: $2.21
Slippage, 4 orders: −$264.32
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $9.11
Costs to cover: 2.863%
Break-even: 6.8 days

Slippage from KuCoin: live order book, 5 min ago; Kraken Futures: live order book, 11 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	10.12 bp	57.2 bp −$57	417.0 bp −$4,170	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 11 min ago	59.99 bp	91.3 bp −$91	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	−0.0114%	1h	0.4463	+0.059%	$671	—	15x	as long as short
Bybit GRASSUSDT	+0.0100%	4h	0.4489	+0.650%	$25.1M	$10.7M	25x	as long as short
OKX GRASS-USDT-SWAP	+0.0100%	4h	0.4492	+0.717%	$3.4M	$8.0M	20x	as long as short
Gate GRASS_USDT	+0.0100%	4h	0.4456	−0.090%	$1.2M	$1.2M	50x	as long as short
Bitget GRASSUSDT	+0.0100%	4h	0.4459	−0.031%	$5.2M	$2.1M	75x	as long as short
Variational Omni GRASS	+0.0100%	4h	0.4466	+0.141%	$2.2M	$1.1M	—	as long as short
KuCoin GRASSUSDTMlong	+0.0112%	4h	0.4460	long leg	$1.6M	$972K	50x
Extended GRASS-USD	+0.0376%	1h	0.4458	−0.052%	$219K	$823K	10x	as long as short
MEXC GRASS_USDT	+0.0378%	4h	0.4460	0.000%	$1.7M	$1.4M	100x	as long as short
Binance GRASSUSDT	+0.0379%	4h	0.4488	+0.635%	$11.0M	$16.1M	75x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin GRASS-USDT	+0.0385%	4h	0.4467	+0.157%	$595K	$259K	20x	as long as short
BingX GRASS-USDT	+0.0390%	4h	0.4464	+0.090%	—	$7.1M	—	as long as short
Hyperliquid GRASS	+0.0407%	1h	0.4471	+0.235%	$16.4M	$2.6M	3x	as long as short
Aster GRASSUSDT	+0.1490%	4h	0.4462	+0.051%	$65K	$129K	10x	as long as short
Kraken Futures PF_GRASSUSDshort	+0.1508%	1h	0.4464	+0.092%	$164K	$79K	20x
Lighter GRASS	+0.1776%	1h	0.4474	+0.316%	$696K	$538K	5x	as long as short
Injective GRASS/USDC PERP	+0.5000%	1h	0.4267	−4.327%	$7	$23K	5.5x	as long as short