Funding arb · Price arb /

GRASS

all GRASS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0199%/8h= +21.7% APRpaid last 24h −0.156%

Price spread now: BingX against Kraken Futures+0.111%7-day average −0.043% · you sell dearer than you buy

Net, funding: paid 7d − costs−$378as in the Funding arb table

Net, price: spread back to 7d avg − costs−$148as in the Price arb table

costs, in and out, $10k−$1631.633% of the position

Long on Kraken Futures Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days−2.145%−$215 on $10k

Price spread, last 4 days (all we have)−0.247%−$25 · spread now +0.111%, 7d avg −0.043%

Together, before fees−2.393%−$239 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and BingX is 0.153% dearer against Kraken Futures than usual: you sell high and buy low: +$15 more if the spread goes back to its 7-day average of −0.043%. Mind the row above: over the last 7 days funding on this pair cost −2.145%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_GRASSUSD	0.4525	−0.0099	get 0.0012% / 1h	52m 43s	$164K	$176K	20x
Short	BingX GRASS-USDT	0.4530	0.0100	get 0.0050% / 4h	1h 52m	—	$7.5M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now +0.111%Rate

Funding earned: $41.71
Price spread: +0.111% → −0.043%: $15.31
Slippage, 4 orders: −$143.31
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: −$106.29
Costs to cover: 1.633%
Break-even: 24.8 days

Slippage from Kraken Futures: live order book, 57 min ago; BingX: live order book, 3 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, 57 min ago	36.10 bp	53.7 bp −$54	doesn't fit	doesn't fit	doesn't fit
Sell BingX live order book, 3 min ago	4.43 bp	20.0 bp −$20	61.6 bp −$616	309.8 bp −$31.0K	600.9 bp −$300.4K

GRASS on 17 exchanges

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	−0.0106%	1h	0.4531	+0.132%	$681	—	15x	as long as short
Kraken Futures PF_GRASSUSDlong	−0.0099%	1h	0.4525	long leg	$164K	$176K	20x
Injective GRASS/USDC PERP	+0.0033%	1h	0.4267	−5.702%	$7	$23K	5.5x	as long as short
Hyperliquid GRASS	+0.0100%	1h	0.4535	+0.225%	$17.3M	$5.3M	3x	as long as short
Binance GRASSUSDT	+0.0100%	4h	0.4531	+0.124%	$10.9M	$47.5M	75x	as long as short
Bybit GRASSUSDT	+0.0100%	4h	0.4529	+0.086%	$26.2M	$24.2M	25x	as long as short
OKX GRASS-USDT-SWAP	+0.0100%	4h	0.4527	+0.044%	$3.5M	$26.4M	20x	as long as short
Gate GRASS_USDT	+0.0100%	4h	0.4525	0.000%	$1.2M	$2.1M	50x	as long as short
MEXC GRASS_USDT	+0.0100%	4h	0.4530	+0.111%	$1.9M	$3.5M	100x	as long as short
KuCoin GRASSUSDTM	+0.0100%	4h	0.4532	+0.155%	$1.4M	$2.6M	50x	as long as short

Show all 17 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget GRASSUSDT	+0.0100%	4h	0.4527	+0.044%	$5.3M	$5.1M	75x	as long as short
BingX GRASS-USDTshort	+0.0100%	4h	0.4530	+0.111%	—	$7.5M	—
Variational Omni GRASS	+0.0100%	4h	0.4503	−0.478%	$2.3M	$1.5M	—	as long as short
Extended GRASS-USD	+0.0104%	1h	0.4519	−0.127%	$226K	$1.3M	10x	as long as short
BloFin GRASS-USDT	+0.0152%	4h	0.4549	+0.530%	$576K	$534K	20x	as long as short
Aster GRASSUSDT	+0.0265%	4h	0.4531	+0.126%	$80K	$400K	10x	as long as short
Lighter GRASS	+0.0824%	1h	0.4549	+0.530%	$881K	$1.1M	5x	as long as short