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 OKX+0.136%7-day average +0.002% · you sell dearer than you buy

Net, funding: paid 7d − costs−$130as in the Funding arb table

Net, price: spread back to 7d avg − costs−$117as in the Price arb table

costs, in and out, $10k−$1311.307% of the position

Long on OKX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.007%+$1 on $10k

Price spread, last 7 days−0.048%−$5 · spread now +0.136%, 7d avg +0.002%

Together, before fees−0.041%−$4 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 0.134% dearer against OKX than usual: you sell high and buy low, +$13 on $10k if it goes back to its 7-day average of +0.002%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX GRASS-USDT-SWAP	0.4401	0.0100	pay 0.0050% / 4h	2h 46m	$3.5M	$19.0M	20x
Short	KuCoin GRASSUSDTM	0.4407	0.0100	get 0.0050% / 4h	2h 46m	$1.3M	$1.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against OKX. 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 OKXbpFee KuCoinbpOrdersPrice spread, now +0.136%Rate

Funding earned: $0
Price spread: +0.136% → +0.002%: $13.43
Slippage, 4 orders: −$108.72
Fee OKX: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$117.3
Costs to cover: 1.307%
Break-even: never at this rate

Slippage from OKX: live order book, 2 min ago; KuCoin: 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 OKX live order book, 2 min ago	1.13 bp	18.4 bp −$18	62.0 bp −$620	doesn't fit	doesn't fit
Sell KuCoin live order book, 5 min ago	7.80 bp	34.8 bp −$35	302.5 bp −$3,025	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	0.4402	+0.025%	$661	—	15x	as long as short
Injective GRASS/USDC PERP	+0.0033%	1h	0.4267	−3.045%	$7	$23K	5.5x	as long as short
Binance GRASSUSDT	+0.0100%	4h	0.4408	+0.168%	$10.4M	$33.0M	75x	as long as short
Bybit GRASSUSDT	+0.0100%	4h	0.4404	+0.068%	$24.9M	$18.3M	25x	as long as short
OKX GRASS-USDT-SWAPlong	+0.0100%	4h	0.4401	long leg	$3.5M	$19.0M	20x
Gate GRASS_USDT	+0.0100%	4h	0.4408	+0.159%	$1.3M	$1.7M	50x	as long as short
MEXC GRASS_USDT	+0.0100%	4h	0.4407	+0.136%	$1.6M	$2.7M	100x	as long as short
KuCoin GRASSUSDTMshort	+0.0100%	4h	0.4407	+0.136%	$1.3M	$1.8M	50x
Bitget GRASSUSDT	+0.0100%	4h	0.4404	+0.070%	$5.2M	$3.5M	75x	as long as short
BingX GRASS-USDT	+0.0100%	4h	0.4406	+0.114%	—	$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	0.4411	+0.221%	$2.2M	$1.3M	—	as long as short
Extended GRASS-USD	+0.0104%	1h	0.4409	+0.189%	$219K	$770K	10x	as long as short
BloFin GRASS-USDT	+0.0137%	4h	0.4440	+0.886%	$560K	$353K	20x	as long as short
Hyperliquid GRASS	+0.0282%	1h	0.4411	+0.232%	$16.8M	$4.3M	3x	as long as short
Aster GRASSUSDT	+0.0474%	4h	0.4405	+0.094%	$62K	$278K	10x	as long as short
Kraken Futures PF_GRASSUSD	+0.1453%	1h	0.4412	+0.261%	$160K	$147K	20x	as long as short
Lighter GRASS	+0.1728%	1h	0.4425	+0.550%	$860K	$966K	5x	as long as short