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= −111.4% APRpaid last 24h −0.152%

Price spread now: Gate against Kraken Futures−0.076%7-day average −0.100% · you buy dearer than you sell

Net, funding: paid 7d − costs−$415as in the Funding arb table

Net, price: spread back to 7d avg − costs−$193as in the Price arb table

costs, in and out, $10k−$1961.955% of the position

Long on Kraken Futures Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−2.192%−$219 on $10k

Price spread, last 4 days (all we have)+0.135%+$13 · spread now −0.076%, 7d avg −0.100%

Together, before fees−2.057%−$206 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Gate is 0.024% dearer against Kraken Futures than usual: you sell high and buy low (spread −0.076% now, against its 7-day average of −0.100%): +$2 on $10k if it goes back. Holding the pair costs −$31 a day in funding at the current rate, which eats that in about 2 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	27m 19s	$164K	$163K	20x
Short	Gate GRASS_USDT	0.4538	0.0100	get 0.0050% / 4h	3h 27m	$1.3M	$2.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.076%Rate

Funding earned: −$213.74
Price spread: −0.076% → −0.100%: $2.41
Slippage, 4 orders: −$170.54
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$406.87
Costs to cover: 1.955%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 5 min ago; Gate: 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 Kraken Futures live order book, 5 min ago	30.82 bp	56.7 bp −$57	247.5 bp −$2,475	doesn't fit	doesn't fit
Sell Gate live order book, 5 min ago	7.72 bp	36.3 bp −$36	569.2 bp −$5,692	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	0.4539	−0.047%	$682	—	15x	as long as short
Injective GRASS/USDC PERP	+0.0033%	1h	0.4267	−6.043%	$7	$23K	5.5x	as long as short
Binance GRASSUSDT	+0.0100%	4h	0.4541	−0.017%	$10.9M	$40.7M	75x	as long as short
Bybit GRASSUSDT	+0.0100%	4h	0.4537	−0.087%	$26.2M	$21.8M	25x	as long as short
OKX GRASS-USDT-SWAP	+0.0100%	4h	0.4538	−0.076%	$3.6M	$23.9M	20x	as long as short
Gate GRASS_USDTshort	+0.0100%	4h	0.4538	−0.076%	$1.3M	$2.0M	50x
MEXC GRASS_USDT	+0.0100%	4h	0.4541	−0.010%	$1.9M	$3.2M	100x	as long as short
KuCoin GRASSUSDTM	+0.0100%	4h	0.4535	−0.142%	$1.5M	$2.2M	50x	as long as short
Bitget GRASSUSDT	+0.0100%	4h	0.4538	−0.080%	$5.3M	$4.2M	75x	as long as short
BingX GRASS-USDT	+0.0100%	4h	0.4537	−0.098%	—	$7.5M	—	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	0.4541	−0.016%	$2.3M	$1.4M	—	as long as short
Extended GRASS-USD	+0.0104%	1h	0.4537	−0.109%	$223K	$1.3M	10x	as long as short
BloFin GRASS-USDT	+0.0119%	4h	0.4555	+0.298%	$580K	$444K	20x	as long as short
Aster GRASSUSDT	+0.0482%	4h	0.4534	−0.164%	$69K	$346K	10x	as long as short
Hyperliquid GRASS	+0.0526%	1h	0.4547	+0.113%	$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	+0.1200%	1h	0.4555	+0.307%	$894K	$1.0M	5x	as long as short