Funding arb · Price arb /

GRASS

all GRASS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0887%/8h= −97.1% APRpaid last 24h −0.154%

Price spread now: KuCoin against Kraken Futures−0.493%7-day average −0.063% · you buy dearer than you sell

Net, funding: paid 7d − costs−$386as in the Funding arb table

Net, price: spread back to 7d avg − costs−$220as in the Price arb table

costs, in and out, $10k−$1771.767% of the position

Long on Kraken Futures Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−2.096%−$210 on $10k

Price spread, last 4 days (all we have)+0.317%+$32 · spread now −0.493%, 7d avg −0.063%

Together, before fees−1.779%−$178 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$27 a day on $10k at the current rate, and KuCoin is 0.430% cheaper against Kraken Futures than usual: you would sell low and buy high (−$43 if the spread goes back to its 7-day average of −0.063%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_GRASSUSD	0.4416	0.0987	pay 0.0123% / 1h	55m 34s	$159K	$153K	20x
Short	KuCoin GRASSUSDTM	0.4394	0.0100	get 0.0050% / 4h	55m 34s	$1.3M	$2.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.493%Rate

Funding earned: −$186.3
Price spread: −0.493% → −0.063%: −$43
Slippage, 4 orders: −$154.7
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$406
Costs to cover: 1.767%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 47 min ago; KuCoin: live order book, 1 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, 47 min ago	29.78 bp	44.2 bp −$44	147.0 bp −$1,470	doesn't fit	doesn't fit
Sell KuCoin live order book, 1 min ago	7.96 bp	46.7 bp −$47	266.8 bp −$2,668	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	−0.0108%	1h	0.4422	+0.143%	$664	—	15x	as long as short
Injective GRASS/USDC PERP	+0.0033%	1h	0.4267	−3.369%	$7	$23K	5.5x	as long as short
Binance GRASSUSDT	+0.0100%	4h	0.4406	−0.214%	$10.4M	$36.7M	75x	as long as short
Bybit GRASSUSDT	+0.0100%	4h	0.4399	−0.371%	$25.3M	$20.3M	25x	as long as short
OKX GRASS-USDT-SWAP	+0.0100%	4h	0.4404	−0.266%	$3.4M	$21.2M	20x	as long as short
Gate GRASS_USDT	+0.0100%	4h	0.4398	−0.402%	$1.3M	$1.9M	50x	as long as short
MEXC GRASS_USDT	+0.0100%	4h	0.4398	−0.402%	$1.5M	$2.9M	100x	as long as short
KuCoin GRASSUSDTMshort	+0.0100%	4h	0.4394	−0.493%	$1.3M	$2.0M	50x
Bitget GRASSUSDT	+0.0100%	4h	0.4409	−0.151%	$5.1M	$3.9M	75x	as long as short
BingX GRASS-USDT	+0.0100%	4h	0.4404	−0.266%	—	$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	0.4422	+0.134%	$2.2M	$1.4M	—	as long as short
Extended GRASS-USD	+0.0104%	1h	0.4413	−0.057%	$217K	$1.3M	10x	as long as short
BloFin GRASS-USDT	+0.0129%	4h	0.4446	+0.685%	$555K	$391K	20x	as long as short
Aster GRASSUSDT	+0.0391%	4h	0.4414	−0.039%	$66K	$315K	10x	as long as short
Hyperliquid GRASS	+0.0640%	1h	0.4401	−0.337%	$16.7M	$4.6M	3x	as long as short
Kraken Futures PF_GRASSUSDlong	+0.0987%	1h	0.4416	long leg	$159K	$153K	20x
Lighter GRASS	+0.1464%	1h	0.4415	−0.024%	$853K	$1.0M	5x	as long as short