Funding arb · Price arb /

GRASS

all GRASS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.1406%/8h= +154.0% APRpaid last 24h +0.191%

Price spread now: Kraken Futures against Variational Omni+1.614%7-day average +0.162% · you sell dearer than you buy

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

Long on Variational Omni Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+1.140%+$114 on $10k

Price spread, last 3 days (all we have)−1.484%−$148 · spread now +1.614%, 7d avg +0.162%

Together, before fees−0.344%+ Points / potential airdropVariational Omni: Active · farm board−$34 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 1.453% dearer against Variational Omni than usual: you sell high and buy low: +$145 more if the spread goes back to its 7-day average of +0.162%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni GRASS	0.4399	0.0100	pay 0.0050% / 4h	2h 36m	$2.1M	$1.1M	—
Short	Kraken Futures PF_GRASSUSD	0.4470	0.1506	get 0.0188% / 1h	36m 19s	$169K	$70K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Variational Omni. 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 Variational OmnibpFee Kraken FuturesbpOrdersPrice spread, now +1.614%Rate

Funding earned: $295.35
Price spread: +1.614% → +0.162%: $145.25
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $430.6
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 3 min ago; Kraken Futures: live order book, 51 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 Variational Omni RFQ quote, 3 min ago	7.90 bp	doesn't fit	53.0 bp −$530	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 51 min ago	51.69 bp	85.3 bp −$85	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	0.4461	+1.410%	$670	—	15x	as long as short
Bybit GRASSUSDT	+0.0100%	4h	0.4462	+1.443%	$24.9M	$10.2M	25x	as long as short
OKX GRASS-USDT-SWAP	+0.0100%	4h	0.4464	+1.489%	$3.3M	$6.8M	20x	as long as short
Gate GRASS_USDT	+0.0100%	4h	0.4462	+1.443%	$1.2M	$1.1M	50x	as long as short
KuCoin GRASSUSDTM	+0.0100%	4h	0.4463	+1.466%	$1.5M	$931K	50x	as long as short
Bitget GRASSUSDT	+0.0100%	4h	0.4460	+1.386%	$5.2M	$2.0M	75x	as long as short
Variational Omni GRASSlong	+0.0100%	4h	0.4399	long leg	$2.1M	$1.1M	—
Hyperliquid GRASS	+0.0295%	1h	0.4470	+1.625%	$16.4M	$2.4M	3x	as long as short
BloFin GRASS-USDT	+0.0311%	4h	0.4478	+1.807%	$579K	$261K	20x	as long as short
BingX GRASS-USDT	+0.0358%	4h	0.4463	+1.466%	—	$7.1M	—	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	+0.0368%	1h	0.4465	+1.507%	$220K	$823K	10x	as long as short
MEXC GRASS_USDT	+0.0368%	4h	0.4470	+1.625%	$1.5M	$1.1M	100x	as long as short
Binance GRASSUSDT	+0.0368%	4h	0.4467	+1.568%	$10.9M	$14.0M	75x	as long as short
Lighter GRASS	+0.1496%	1h	0.4486	+1.982%	$706K	$522K	5x	as long as short
Kraken Futures PF_GRASSUSDshort	+0.1506%	1h	0.4470	+1.614%	$169K	$70K	20x
Aster GRASSUSDT	+0.1579%	4h	0.4476	+1.761%	$65K	$119K	10x	as long as short
Injective GRASS/USDC PERP	+0.5000%	1h	0.4267	−2.990%	$7	$23K	5.5x	as long as short