Funding arb · Price arb /

GRASS

all GRASS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0547%/8h= +59.8% APRpaid last 24h +0.192%

Price spread now: Kraken Futures against Bitget−0.139%7-day average +0.120% · you buy dearer than you sell

Net, funding: paid 7d − costs+$32as in the Funding arb table

Net, price: spread back to 7d avg − costs−$197as in the Price arb table

costs, in and out, $10k−$1711.710% of the position

Long on Bitget Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+2.034%+$203 on $10k

Price spread, last 3 days (all we have)+0.348%+$35 · spread now −0.139%, 7d avg +0.120%

Together, before fees+2.383%+$238 on $10k · with fees, hour by hour

Funding pays, the price is against you. Kraken Futures is 0.260% cheaper against Bitget than usual: you would sell low and buy high (spread −0.139% now, against its 7-day average of +0.120%). If the spread goes back, that is −$26 on $10k: about 38 hours of funding at the current rate (+$16 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget GRASSUSDT	0.4108	0.0100	pay 0.0050% / 4h	2h 20m	$4.8M	$3.1M	75x
Short	Kraken Futures PF_GRASSUSD	0.4103	0.0647	get 0.0081% / 1h	20m 41s	$146K	$128K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Bitget. 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 BitgetbpFee Kraken FuturesbpOrdersPrice spread, now −0.139%Rate

Funding earned: $114.77
Price spread: −0.139% → +0.120%: −$25.98
Slippage, 4 orders: −$149.01
Fee Bitget: 6 bp × 2 orders: −$12
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$82.23
Costs to cover: 1.710%
Break-even: 12.0 days

Slippage from Bitget: live order book, 2 min ago; Kraken Futures: live order book, 47 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 Bitget live order book, 2 min ago	7.93 bp	25.3 bp −$25	72.5 bp −$725	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 47 min ago	24.95 bp	62.6 bp −$63	doesn't fit	doesn't fit	doesn't fit

GRASS on 16 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	−0.0111%	1h	0.4098	−0.255%	$616	—	15x	as long as short
Injective GRASS/USDC PERP	+0.0033%	1h	0.4267	+3.863%	$7	$23K	5.5x	as long as short
Binance GRASSUSDT	+0.0100%	4h	0.4110	+0.042%	$9.7M	$28.4M	75x	as long as short
Bybit GRASSUSDT	+0.0100%	4h	0.4111	+0.063%	$22.9M	$16.4M	25x	as long as short
OKX GRASS-USDT-SWAP	+0.0100%	4h	0.4113	+0.114%	$3.1M	$14.6M	20x	as long as short
Gate GRASS_USDT	+0.0100%	4h	0.4106	−0.056%	$1.1M	$1.6M	50x	as long as short
MEXC GRASS_USDT	+0.0100%	4h	0.4111	+0.066%	$1.2M	$2.3M	100x	as long as short
Bitget GRASSUSDTlong	+0.0100%	4h	0.4108	long leg	$4.8M	$3.1M	75x
BingX GRASS-USDT	+0.0100%	4h	0.4111	+0.066%	—	$7.3M	—	as long as short
Variational Omni GRASS	+0.0100%	4h	0.4098	−0.245%	$2.0M	$1.2M	—	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended GRASS-USD	+0.0104%	1h	0.4111	+0.064%	$204K	$907K	10x	as long as short
KuCoin GRASSUSDTM	+0.0152%	4h	0.4109	+0.017%	$1.2M	$1.6M	50x	as long as short
Aster GRASSUSDT	+0.0424%	4h	0.4105	−0.075%	$63K	$221K	10x	as long as short
Kraken Futures PF_GRASSUSDshort	+0.0647%	1h	0.4103	−0.139%	$146K	$128K	20x
Hyperliquid GRASS	+0.1116%	1h	0.4119	+0.265%	$15.5M	$3.9M	3x	as long as short
Lighter GRASS	+0.1864%	1h	0.4130	+0.538%	$807K	$784K	5x	as long as short