Funding arb · Price arb /

GRASS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.001%

Price spread now: KuCoin against OKX+0.135%7-day average +0.002% · you sell dearer than you buy

Net, funding: paid 7d − costs−$113as in the Funding arb table

Net, price: spread back to 7d avg − costs−$100as in the Price arb table

costs, in and out, $10k−$1141.136% of the position

Long on OKX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.007%+$1 on $10k

Price spread, last 7 days−0.042%−$4 · spread now +0.135%, 7d avg +0.002%

Together, before fees−0.035%−$4 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: KuCoin is 0.133% dearer against OKX than usual: you sell high and buy low, +$13 on $10k if it goes back to its 7-day average of +0.002%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX GRASS-USDT-SWAP	0.4442	0.0100	pay 0.0050% / 4h	1h 06m	$3.4M	$21.3M	20x
Short	KuCoin GRASSUSDTM	0.4448	0.0100	get 0.0050% / 4h	1h 06m	$1.3M	$2.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.135%Rate

Funding earned: $0
Price spread: +0.135% → +0.002%: $13.27
Slippage, 4 orders: −$91.65
Fee OKX: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$100.37
Costs to cover: 1.136%
Break-even: never at this rate

Slippage from OKX: live order book, 2 min ago; KuCoin: 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 OKX live order book, 2 min ago	4.50 bp	17.9 bp −$18	48.5 bp −$485	doesn't fit	doesn't fit
Sell KuCoin live order book, 5 min ago	9.08 bp	36.0 bp −$36	239.1 bp −$2,391	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	0.4442	−0.004%	$667	—	15x	as long as short
Injective GRASS/USDC PERP	+0.0033%	1h	0.4267	−3.940%	$7	$23K	5.5x	as long as short
BloFin GRASS-USDT	+0.0098%	4h	0.4449	+0.158%	$552K	$389K	20x	as long as short
Binance GRASSUSDT	+0.0100%	4h	0.4447	+0.113%	$10.4M	$36.5M	75x	as long as short
Bybit GRASSUSDT	+0.0100%	4h	0.4442	0.000%	$25.5M	$20.2M	25x	as long as short
OKX GRASS-USDT-SWAPlong	+0.0100%	4h	0.4442	long leg	$3.4M	$21.3M	20x
Gate GRASS_USDT	+0.0100%	4h	0.4444	+0.045%	$1.3M	$1.9M	50x	as long as short
MEXC GRASS_USDT	+0.0100%	4h	0.4448	+0.135%	$1.5M	$2.9M	100x	as long as short
KuCoin GRASSUSDTMshort	+0.0100%	4h	0.4448	+0.135%	$1.3M	$2.0M	50x
Bitget GRASSUSDT	+0.0100%	4h	0.4440	−0.045%	$5.2M	$3.8M	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	0.4446	+0.090%	—	$7.4M	—	as long as short
Variational Omni GRASS	+0.0100%	4h	0.4398	−0.986%	$2.2M	$1.4M	—	as long as short
Extended GRASS-USD	+0.0104%	1h	0.4443	+0.024%	$224K	$1.2M	10x	as long as short
Hyperliquid GRASS	+0.0368%	1h	0.4449	+0.164%	$16.9M	$4.6M	3x	as long as short
Aster GRASSUSDT	+0.0407%	4h	0.4443	+0.017%	$65K	$313K	10x	as long as short
Kraken Futures PF_GRASSUSD	+0.0580%	1h	0.4449	+0.157%	$160K	$152K	20x	as long as short
Lighter GRASS	+0.1240%	1h	0.4464	+0.493%	$861K	$995K	5x	as long as short