Funding arb · Price arb /

GRASS

all GRASS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0867%/8h= −94.9% APRpaid last 24h −0.152%

Price spread now: OKX against Kraken Futures−0.053%7-day average −0.021% · you buy dearer than you sell

Net, funding: paid 7d − costs−$370as in the Funding arb table

Net, price: spread back to 7d avg − costs−$162as in the Price arb table

costs, in and out, $10k−$1591.590% of the position

Long on Kraken Futures Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−2.114%−$211 on $10k

Price spread, last 4 days (all we have)−0.089%−$9 · spread now −0.053%, 7d avg −0.021%

Together, before fees−2.203%−$220 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$26 a day on $10k at the current rate, and OKX is 0.031% cheaper against Kraken Futures than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.021%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_GRASSUSD	0.4508	0.0967	pay 0.0121% / 1h	4m 52s	$162K	$162K	20x
Short	OKX GRASS-USDT-SWAP	0.4506	0.0100	get 0.0050% / 4h	4m 52s	$3.5M	$22.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.053%Rate

Funding earned: −$182.04
Price spread: −0.053% → −0.021%: −$3.15
Slippage, 4 orders: −$138.99
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: −$344.18
Costs to cover: 1.590%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 33 min ago; OKX: live order book, 4 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, 33 min ago	30.17 bp	68.5 bp −$69	196.7 bp −$1,967	doesn't fit	doesn't fit
Sell OKX live order book, 4 min ago	3.35 bp	18.8 bp −$19	57.7 bp −$577	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	0.4516	+0.162%	$679	—	15x	as long as short
Injective GRASS/USDC PERP	+0.0033%	1h	0.4267	−5.354%	$7	$23K	5.5x	as long as short
BloFin GRASS-USDT	+0.0052%	4h	0.4522	+0.302%	$564K	$409K	20x	as long as short
Binance GRASSUSDT	+0.0100%	4h	0.4512	+0.080%	$10.6M	$38.4M	75x	as long as short
Bybit GRASSUSDT	+0.0100%	4h	0.4508	−0.004%	$26.0M	$21.0M	25x	as long as short
OKX GRASS-USDT-SWAPshort	+0.0100%	4h	0.4506	−0.053%	$3.5M	$22.8M	20x
Gate GRASS_USDT	+0.0100%	4h	0.4507	−0.031%	$1.3M	$2.0M	50x	as long as short
MEXC GRASS_USDT	+0.0100%	4h	0.4513	+0.102%	$1.8M	$3.0M	100x	as long as short
KuCoin GRASSUSDTM	+0.0100%	4h	0.4507	−0.031%	$1.3M	$2.1M	50x	as long as short
Bitget GRASSUSDT	+0.0100%	4h	0.4507	−0.040%	$5.2M	$4.0M	75x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX GRASS-USDT	+0.0100%	4h	0.4509	+0.014%	—	$7.5M	—	as long as short
Variational Omni GRASS	+0.0100%	4h	0.4511	+0.067%	$2.2M	$1.4M	—	as long as short
Extended GRASS-USD	+0.0104%	1h	0.4508	−0.011%	$223K	$1.3M	10x	as long as short
Aster GRASSUSDT	+0.0476%	4h	0.4507	−0.025%	$61K	$328K	10x	as long as short
Hyperliquid GRASS	+0.0511%	1h	0.4515	+0.156%	$17.1M	$4.7M	3x	as long as short
Kraken Futures PF_GRASSUSDlong	+0.0967%	1h	0.4508	long leg	$162K	$162K	20x
Lighter GRASS	+0.1160%	1h	0.4529	+0.464%	$874K	$1.0M	5x	as long as short