Funding arb · Price arb /

GRASS

all GRASS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0182%/8h= +19.9% APRpaid last 24h +0.201%

Price spread now: Kraken Futures against Gate−0.013%7-day average +0.116% · you buy dearer than you sell

Net, funding: paid 7d − costs+$16as in the Funding arb table

Net, price: spread back to 7d avg − costs−$207as in the Price arb table

costs, in and out, $10k−$1941.939% of the position

Long on Gate Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+2.098%+$210 on $10k

Price spread, last 3 days (all we have)+0.195%+$19 · spread now −0.013%, 7d avg +0.116%

Together, before fees+2.292%+$229 on $10k · with fees, hour by hour

Funding pays, the price is against you. Kraken Futures is 0.130% cheaper against Gate than usual: you would sell low and buy high (spread −0.013% now, against its 7-day average of +0.116%). If the spread goes back, that is −$13 on $10k: about 2.4 days of funding at the current rate (+$5 a day). At the pace of the last 7 days (+2.098% in total) that is about 10 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate GRASS_USDT	0.4145	0.0100	pay 0.0050% / 4h	3h 30m	$1.1M	$1.5M	50x
Short	Kraken Futures PF_GRASSUSD	0.4144	0.0282	get 0.0035% / 1h	30m 56s	$148K	$127K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Gate. 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 GatebpFee Kraken FuturesbpOrdersPrice spread, now −0.013%Rate

Funding earned: $38.16
Price spread: −0.013% → +0.116%: −$12.95
Slippage, 4 orders: −$168.89
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$168.68
Costs to cover: 1.939%
Break-even: 37.9 days

Slippage from Gate: live order book, 2 min ago; Kraken Futures: live order book, 41 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 Gate live order book, 2 min ago	7.27 bp	50.3 bp −$50	doesn't fit	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 41 min ago	21.65 bp	49.4 bp −$49	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	−0.0112%	1h	0.4134	−0.268%	$621	—	15x	as long as short
Injective GRASS/USDC PERP	+0.0033%	1h	0.4267	+2.943%	$7	$23K	5.5x	as long as short
BloFin GRASS-USDT	+0.0049%	4h	0.4137	−0.193%	$523K	$299K	20x	as long as short
Binance GRASSUSDT	+0.0100%	4h	0.4157	+0.277%	$9.9M	$26.6M	75x	as long as short
Bybit GRASSUSDT	+0.0100%	4h	0.4152	+0.157%	$23.6M	$15.3M	25x	as long as short
OKX GRASS-USDT-SWAP	+0.0100%	4h	0.4152	+0.169%	$3.1M	$13.5M	20x	as long as short
Gate GRASS_USDTlong	+0.0100%	4h	0.4145	long leg	$1.1M	$1.5M	50x
MEXC GRASS_USDT	+0.0100%	4h	0.4152	+0.169%	$1.2M	$2.2M	100x	as long as short
Bitget GRASSUSDT	+0.0100%	4h	0.4146	+0.031%	$4.8M	$3.0M	75x	as long as short
BingX GRASS-USDT	+0.0100%	4h	0.4149	+0.097%	—	$7.3M	—	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	0.4135	−0.233%	$2.0M	$1.2M	—	as long as short
Extended GRASS-USD	+0.0104%	1h	0.4150	+0.118%	$205K	$1.2M	10x	as long as short
KuCoin GRASSUSDTM	+0.0134%	4h	0.4151	+0.145%	$1.3M	$1.5M	50x	as long as short
Kraken Futures PF_GRASSUSDshort	+0.0282%	1h	0.4144	−0.013%	$148K	$127K	20x
Hyperliquid GRASS	+0.0511%	1h	0.4155	+0.232%	$15.5M	$3.7M	3x	as long as short
Aster GRASSUSDT	+0.0513%	4h	0.4146	+0.020%	$66K	$208K	10x	as long as short
Lighter GRASS	+0.1904%	1h	0.4165	+0.487%	$813K	$782K	5x	as long as short