Funding arb · Price arb /

GRASS

all GRASS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.1259%/8h= +137.9% APRpaid last 24h +0.199%

Price spread now: Kraken Futures against OKX−0.057%7-day average +0.041% · you buy dearer than you sell

Net, funding: paid 7d − costs+$52as in the Funding arb table

Net, price: spread back to 7d avg − costs−$159as in the Price arb table

costs, in and out, $10k−$1491.489% of the position

Long on OKX Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+2.010%+$201 on $10k

Price spread, last 3 days (all we have)+0.147%+$15 · spread now −0.057%, 7d avg +0.041%

Together, before fees+2.157%+$216 on $10k · with fees, hour by hour

Funding pays, the price is against you. Kraken Futures is 0.099% cheaper against OKX than usual: you would sell low and buy high (spread −0.057% now, against its 7-day average of +0.041%). If the spread goes back, that is −$10 on $10k: about 6 hours of funding at the current rate (+$38 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX GRASS-USDT-SWAP	0.4295	0.0100	pay 0.0050% / 4h	52m 10s	$3.2M	$11.8M	20x
Short	Kraken Futures PF_GRASSUSD	0.4293	0.1359	get 0.0170% / 1h	52m 10s	$151K	$112K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against OKX. 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 OKXbpFee Kraken FuturesbpOrdersPrice spread, now −0.057%Rate

Funding earned: $264.46
Price spread: −0.057% → +0.041%: −$9.86
Slippage, 4 orders: −$128.87
Fee OKX: 5 bp × 2 orders: −$10
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $105.73
Costs to cover: 1.489%
Break-even: 4.2 days

Slippage from OKX: live order book, 6 min ago; Kraken Futures: live order book, 25 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 OKX live order book, 6 min ago	3.52 bp	26.7 bp −$27	65.9 bp −$659	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 25 min ago	26.34 bp	50.2 bp −$50	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	−0.0113%	1h	0.4302	+0.174%	$646	—	15x	as long as short
Injective GRASS/USDC PERP	+0.0033%	1h	0.4267	−0.652%	$7	$23K	5.5x	as long as short
Hyperliquid GRASS	+0.0100%	1h	0.4295	+0.007%	$16.0M	$3.5M	3x	as long as short
Bybit GRASSUSDT	+0.0100%	4h	0.4288	−0.163%	$24.1M	$13.6M	25x	as long as short
OKX GRASS-USDT-SWAPlong	+0.0100%	4h	0.4295	long leg	$3.2M	$11.8M	20x
Gate GRASS_USDT	+0.0100%	4h	0.4293	−0.047%	$1.1M	$1.5M	50x	as long as short
Bitget GRASSUSDT	+0.0100%	4h	0.4290	−0.119%	$5.0M	$2.7M	75x	as long as short
Variational Omni GRASS	+0.0100%	4h	0.4301	+0.149%	$2.1M	$1.2M	—	as long as short
BloFin GRASS-USDT	+0.0135%	4h	0.4335	+0.931%	$557K	$290K	20x	as long as short
Binance GRASSUSDT	+0.0167%	4h	0.4302	+0.158%	$10.2M	$23.0M	75x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended GRASS-USD	+0.0168%	1h	0.4293	−0.049%	$212K	$823K	10x	as long as short
MEXC GRASS_USDT	+0.0172%	4h	0.4299	+0.093%	$1.3M	$2.0M	100x	as long as short
BingX GRASS-USDT	+0.0206%	4h	0.4297	+0.047%	—	$7.2M	—	as long as short
KuCoin GRASSUSDTM	+0.0220%	4h	0.4304	+0.210%	$1.3M	$1.3M	50x	as long as short
Aster GRASSUSDT	+0.0998%	4h	0.4318	+0.544%	$75K	$193K	10x	as long as short
Kraken Futures PF_GRASSUSDshort	+0.1359%	1h	0.4293	−0.057%	$151K	$112K	20x
Lighter GRASS	+0.1808%	1h	0.4313	+0.421%	$842K	$763K	5x	as long as short