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 Bybit+0.145%7-day average +0.092% · you sell dearer than you buy

Net, funding: paid 7d − costs−$151as in the Funding arb table

Net, price: spread back to 7d avg − costs−$153as in the Price arb table

costs, in and out, $10k−$1591.585% of the position

Long on Bybit Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.070%+$7 on $10k

Price spread, last 7 days−0.015%−$1 · spread now +0.145%, 7d avg +0.092%

Together, before fees+0.056%+$6 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 0.053% dearer against Bybit than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of +0.092%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit GRASSUSDT	0.4425	0.0100	pay 0.0050% / 4h	2h 05m	$25.2M	$19.3M	25x
Short	KuCoin GRASSUSDTM	0.4431	0.0100	get 0.0050% / 4h	2h 05m	$1.3M	$1.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Bybit. 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 BybitbpFee KuCoinbpOrdersPrice spread, now +0.145%Rate

Funding earned: $0
Price spread: +0.145% → +0.092%: $5.26
Slippage, 4 orders: −$135.52
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$153.26
Costs to cover: 1.585%
Break-even: never at this rate

Slippage from Bybit: live order book, 3 min ago; KuCoin: live order book, 1 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 Bybit live order book, 3 min ago	3.40 bp	22.2 bp −$22	35.6 bp −$356	doesn't fit	doesn't fit
Sell KuCoin live order book, 1 min ago	9.02 bp	46.7 bp −$47	271.8 bp −$2,718	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	−0.0109%	1h	0.4434	+0.210%	$666	—	15x	as long as short
Injective GRASS/USDC PERP	+0.0033%	1h	0.4267	−3.562%	$7	$23K	5.5x	as long as short
Binance GRASSUSDT	+0.0100%	4h	0.4431	+0.145%	$10.4M	$34.8M	75x	as long as short
Bybit GRASSUSDTlong	+0.0100%	4h	0.4425	long leg	$25.2M	$19.3M	25x
OKX GRASS-USDT-SWAP	+0.0100%	4h	0.4430	+0.122%	$3.4M	$20.2M	20x	as long as short
Gate GRASS_USDT	+0.0100%	4h	0.4430	+0.122%	$1.3M	$1.8M	50x	as long as short
MEXC GRASS_USDT	+0.0100%	4h	0.4429	+0.099%	$1.6M	$2.8M	100x	as long as short
KuCoin GRASSUSDTMshort	+0.0100%	4h	0.4431	+0.145%	$1.3M	$1.9M	50x
Bitget GRASSUSDT	+0.0100%	4h	0.4424	−0.016%	$5.2M	$3.6M	75x	as long as short
BingX GRASS-USDT	+0.0100%	4h	0.4429	+0.099%	—	$7.4M	—	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni GRASS	+0.0100%	4h	0.4433	+0.184%	$2.2M	$1.4M	—	as long as short
Extended GRASS-USD	+0.0104%	1h	0.4425	−0.001%	$222K	$769K	10x	as long as short
BloFin GRASS-USDT	+0.0129%	4h	0.4405	−0.443%	$549K	$375K	20x	as long as short
Aster GRASSUSDT	+0.0467%	4h	0.4434	+0.212%	$64K	$299K	10x	as long as short
Hyperliquid GRASS	+0.0469%	1h	0.4434	+0.206%	$16.9M	$4.4M	3x	as long as short
Kraken Futures PF_GRASSUSD	+0.1446%	1h	0.4436	+0.262%	$160K	$152K	20x	as long as short
Lighter GRASS	+0.1656%	1h	0.4448	+0.524%	$858K	$983K	5x	as long as short