Funding arb · Price arb /

GRASS

all GRASS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.1018%/8h= −111.5% APRpaid last 24h −0.152%

Price spread now: Bitget against Kraken Futures+0.010%7-day average −0.105% · you sell dearer than you buy

Net, funding: paid 7d − costs−$374as in the Funding arb table

Net, price: spread back to 7d avg − costs−$150as in the Price arb table

costs, in and out, $10k−$1621.616% of the position

Long on Kraken Futures Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−2.121%−$212 on $10k

Price spread, last 4 days (all we have)−0.024%−$2 · spread now +0.010%, 7d avg −0.105%

Together, before fees−2.145%−$214 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bitget is 0.115% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.010% now, against its 7-day average of −0.105%): +$12 on $10k if it goes back. Holding the pair costs −$31 a day in funding at the current rate, which eats that in about 9 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_GRASSUSD	0.4541	0.1118	pay 0.0140% / 1h	35m 50s	$164K	$163K	20x
Short	Bitget GRASSUSDT	0.4542	0.0100	get 0.0050% / 4h	3h 35m	$5.4M	$4.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Kraken Futures. 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 Kraken FuturesbpFee BitgetbpOrdersPrice spread, now +0.010%Rate

Funding earned: −$213.75
Price spread: +0.010% → −0.105%: $11.51
Slippage, 4 orders: −$139.63
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$363.87
Costs to cover: 1.616%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 62 min ago; Bitget: live order book, 2 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 Kraken Futures live order book, 62 min ago	30.17 bp	68.5 bp −$69	196.7 bp −$1,967	doesn't fit	doesn't fit
Sell Bitget live order book, 2 min ago	6.07 bp	21.5 bp −$21	64.8 bp −$648	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	−0.0107%	1h	0.4535	−0.128%	$681	—	15x	as long as short
Injective GRASS/USDC PERP	+0.0033%	1h	0.4267	−6.037%	$7	$23K	5.5x	as long as short
BloFin GRASS-USDT	+0.0051%	4h	0.4517	−0.532%	$577K	$415K	20x	as long as short
Binance GRASSUSDT	+0.0100%	4h	0.4546	+0.102%	$10.9M	$40.3M	75x	as long as short
Bybit GRASSUSDT	+0.0100%	4h	0.4541	−0.003%	$26.2M	$21.7M	25x	as long as short
OKX GRASS-USDT-SWAP	+0.0100%	4h	0.4545	+0.085%	$3.6M	$23.7M	20x	as long as short
Gate GRASS_USDT	+0.0100%	4h	0.4542	+0.019%	$1.3M	$2.0M	50x	as long as short
MEXC GRASS_USDT	+0.0100%	4h	0.4543	+0.041%	$1.9M	$3.2M	100x	as long as short
KuCoin GRASSUSDTM	+0.0100%	4h	0.4546	+0.107%	$1.5M	$2.2M	50x	as long as short
Bitget GRASSUSDTshort	+0.0100%	4h	0.4542	+0.010%	$5.4M	$4.2M	75x

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX GRASS-USDT	+0.0100%	4h	0.4544	+0.063%	—	$7.5M	—	as long as short
Variational Omni GRASS	+0.0100%	4h	0.4534	−0.152%	$2.3M	$1.4M	—	as long as short
Extended GRASS-USD	+0.0104%	1h	0.4541	−0.008%	$224K	$1.3M	10x	as long as short
Aster GRASSUSDT	+0.0488%	4h	0.4539	−0.045%	$64K	$346K	10x	as long as short
Hyperliquid GRASS	+0.0505%	1h	0.4553	+0.252%	$17.4M	$4.8M	3x	as long as short
Kraken Futures PF_GRASSUSDlong	+0.1118%	1h	0.4541	long leg	$164K	$163K	20x
Lighter GRASS	+0.1144%	1h	0.4559	+0.400%	$883K	$1.0M	5x	as long as short