Funding arb · Price arb /

GRASS

all GRASS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.1016%/8h= +111.3% APRpaid last 24h +0.152%

Price spread now: Kraken Futures against Gate+0.053%7-day average +0.100% · you sell dearer than you buy

Net, funding: paid 7d − costs+$23as in the Funding arb table

Net, price: spread back to 7d avg − costs−$201as in the Price arb table

costs, in and out, $10k−$1961.963% of the position

Long on Gate Short on Kraken Futures

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)−0.112%−$11 · spread now +0.053%, 7d avg +0.100%

Together, before fees+2.080%+$208 on $10k · with fees, hour by hour

Funding pays, the price is against you. Kraken Futures is 0.047% cheaper against Gate than usual: you would sell low and buy high (spread +0.053% now, against its 7-day average of +0.100%). If the spread goes back, that is −$5 on $10k: about 4 hours of funding at the current rate (+$30 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate GRASS_USDT	0.4546	0.0100	pay 0.0050% / 4h	3h 38m	$1.3M	$2.0M	50x
Short	Kraken Futures PF_GRASSUSD	0.4548	0.1116	get 0.0140% / 1h	38m 01s	$164K	$162K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Gate. 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 GatebpFee Kraken FuturesbpOrdersPrice spread, now +0.053%Rate

Funding earned: $213.38
Price spread: +0.053% → +0.100%: −$4.73
Slippage, 4 orders: −$171.26
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $12.38
Costs to cover: 1.963%
Break-even: 6.6 days

Slippage from Gate: live order book, 5 min ago; Kraken Futures: live order book, 59 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 Gate live order book, 5 min ago	5.45 bp	35.3 bp −$35	doesn't fit	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 59 min ago	30.17 bp	51.3 bp −$51	doesn't fit	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	0.4550	+0.079%	$684	—	15x	as long as short
Injective GRASS/USDC PERP	+0.0033%	1h	0.4267	−6.137%	$7	$23K	5.5x	as long as short
BloFin GRASS-USDT	+0.0086%	4h	0.4539	−0.154%	$571K	$417K	20x	as long as short
Binance GRASSUSDT	+0.0100%	4h	0.4544	−0.045%	$10.9M	$40.1M	75x	as long as short
Bybit GRASSUSDT	+0.0100%	4h	0.4543	−0.073%	$26.3M	$21.7M	25x	as long as short
OKX GRASS-USDT-SWAP	+0.0100%	4h	0.4544	−0.044%	$3.6M	$23.7M	20x	as long as short
Gate GRASS_USDTlong	+0.0100%	4h	0.4546	long leg	$1.3M	$2.0M	50x
MEXC GRASS_USDT	+0.0100%	4h	0.4547	+0.022%	$1.9M	$3.1M	100x	as long as short
KuCoin GRASSUSDTM	+0.0100%	4h	0.4550	+0.088%	$1.5M	$2.2M	50x	as long as short
Bitget GRASSUSDT	+0.0100%	4h	0.4541	−0.099%	$5.4M	$4.2M	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	0.4543	−0.066%	—	$7.5M	—	as long as short
Variational Omni GRASS	+0.0100%	4h	0.4555	+0.192%	$2.3M	$1.4M	—	as long as short
Extended GRASS-USD	+0.0104%	1h	0.4539	−0.152%	$225K	$1.3M	10x	as long as short
Hyperliquid GRASS	+0.0477%	1h	0.4551	+0.110%	$17.4M	$4.8M	3x	as long as short
Aster GRASSUSDT	+0.0498%	4h	0.4545	−0.031%	$64K	$336K	10x	as long as short
Kraken Futures PF_GRASSUSDshort	+0.1116%	1h	0.4548	+0.053%	$164K	$162K	20x
Lighter GRASS	+0.1232%	1h	0.4566	+0.442%	$885K	$1.0M	5x	as long as short