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 Bybit+0.045%7-day average +0.091% · you sell dearer than you buy

Net, funding: paid 7d − costs−$121as in the Funding arb table

Net, price: spread back to 7d avg − costs−$133as in the Price arb table

costs, in and out, $10k−$1281.280% of the position

Long on Bybit Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.070%+$7 on $10k

Price spread, last 7 days+0.138%+$14 · spread now +0.045%, 7d avg +0.091%

Together, before fees+0.208%+$21 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 0.047% cheaper against Bybit than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of +0.091%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit GRASSUSDT	0.4480	0.0100	pay 0.0050% / 4h	12m 06s	$25.8M	$21.0M	25x
Short	KuCoin GRASSUSDTM	0.4482	0.0100	get 0.0050% / 4h	12m 06s	$1.3M	$2.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Bybit. 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 BybitbpFee KuCoinbpOrdersPrice spread, now +0.045%Rate

Funding earned: $0
Price spread: +0.045% → +0.091%: −$4.68
Slippage, 4 orders: −$105.01
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$132.69
Costs to cover: 1.280%
Break-even: never at this rate

Slippage from Bybit: live order book, 1 min ago; KuCoin: 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 Bybit live order book, 1 min ago	4.47 bp	21.6 bp −$22	48.3 bp −$483	doesn't fit	doesn't fit
Sell KuCoin live order book, 4 min ago	10.06 bp	43.5 bp −$43	270.7 bp −$2,707	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	0.4481	+0.027%	$673	—	15x	as long as short
Injective GRASS/USDC PERP	+0.0033%	1h	0.4267	−4.754%	$7	$23K	5.5x	as long as short
Binance GRASSUSDT	+0.0100%	4h	0.4487	+0.156%	$10.5M	$38.3M	75x	as long as short
Bybit GRASSUSDTlong	+0.0100%	4h	0.4480	long leg	$25.8M	$21.0M	25x
OKX GRASS-USDT-SWAP	+0.0100%	4h	0.4481	+0.022%	$3.5M	$22.6M	20x	as long as short
Gate GRASS_USDT	+0.0100%	4h	0.4483	+0.067%	$1.3M	$1.9M	50x	as long as short
MEXC GRASS_USDT	+0.0100%	4h	0.4486	+0.134%	$1.8M	$3.0M	100x	as long as short
KuCoin GRASSUSDTMshort	+0.0100%	4h	0.4482	+0.045%	$1.3M	$2.1M	50x
Bitget GRASSUSDT	+0.0100%	4h	0.4477	−0.058%	$5.2M	$4.0M	75x	as long as short
BingX GRASS-USDT	+0.0100%	4h	0.4483	+0.067%	—	$7.4M	—	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	0.4465	−0.339%	$2.2M	$1.4M	—	as long as short
Extended GRASS-USD	+0.0104%	1h	0.4480	+0.004%	$225K	$1.3M	10x	as long as short
BloFin GRASS-USDT	+0.0125%	4h	0.4486	+0.134%	$563K	$402K	20x	as long as short
Aster GRASSUSDT	+0.0470%	4h	0.4477	−0.071%	$61K	$329K	10x	as long as short
Hyperliquid GRASS	+0.0512%	1h	0.4488	+0.176%	$17.0M	$4.7M	3x	as long as short
Kraken Futures PF_GRASSUSD	+0.0973%	1h	0.4481	+0.022%	$161K	$162K	20x	as long as short
Lighter GRASS	+0.1160%	1h	0.4501	+0.473%	$868K	$1.0M	5x	as long as short