Funding arb · Price arb /

GRASS

all GRASS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0496%/8h= −54.3% APRpaid last 24h −0.155%

Price spread now: OKX against Kraken Futures+0.093%7-day average −0.020% · you sell dearer than you buy

Net, funding: paid 7d − costs−$344as in the Funding arb table

Net, price: spread back to 7d avg − costs−$123as in the Price arb table

costs, in and out, $10k−$1341.341% of the position

Long on Kraken Futures Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−2.103%−$210 on $10k

Price spread, last 4 days (all we have)−0.223%−$22 · spread now +0.093%, 7d avg −0.020%

Together, before fees−2.326%−$233 on $10k · with fees, hour by hour

The price spread pays, funding is against you. OKX is 0.114% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.093% now, against its 7-day average of −0.020%): +$11 on $10k if it goes back. Holding the pair costs −$15 a day in funding at the current rate, which eats that in about 18 hours. At the pace of the last 7 days (−2.103% in total) that is about 9 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_GRASSUSD	0.4330	0.0596	pay 0.0075% / 1h	28m 49s	$156K	$152K	20x
Short	OKX GRASS-USDT-SWAP	0.4334	0.0100	get 0.0050% / 4h	1h 28m	$3.3M	$20.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.093%Rate

Funding earned: −$104.16
Price spread: +0.093% → −0.020%: $11.38
Slippage, 4 orders: −$114.1
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: −$226.88
Costs to cover: 1.341%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 13 min ago; OKX: live order book, 5 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, 13 min ago	29.78 bp	44.2 bp −$44	147.0 bp −$1,470	doesn't fit	doesn't fit
Sell OKX live order book, 5 min ago	2.30 bp	19.3 bp −$19	52.1 bp −$521	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	0.4323	−0.152%	$650	—	15x	as long as short
Injective GRASS/USDC PERP	+0.0033%	1h	0.4267	−1.454%	$7	$23K	5.5x	as long as short
Binance GRASSUSDT	+0.0100%	4h	0.4330	−0.001%	$10.1M	$35.9M	75x	as long as short
Bybit GRASSUSDT	+0.0100%	4h	0.4327	−0.068%	$24.6M	$19.8M	25x	as long as short
OKX GRASS-USDT-SWAPshort	+0.0100%	4h	0.4334	+0.093%	$3.3M	$20.4M	20x
Gate GRASS_USDT	+0.0100%	4h	0.4321	−0.207%	$1.2M	$1.8M	50x	as long as short
MEXC GRASS_USDT	+0.0100%	4h	0.4328	−0.045%	$1.5M	$2.8M	100x	as long as short
KuCoin GRASSUSDTM	+0.0100%	4h	0.4326	−0.091%	$1.3M	$1.9M	50x	as long as short
Bitget GRASSUSDT	+0.0100%	4h	0.4323	−0.151%	$5.0M	$3.8M	75x	as long as short
BingX GRASS-USDT	+0.0100%	4h	0.4321	−0.207%	—	$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	0.4338	+0.191%	$2.2M	$1.4M	—	as long as short
Extended GRASS-USD	+0.0104%	1h	0.4324	−0.133%	$218K	$678K	10x	as long as short
BloFin GRASS-USDT	+0.0111%	4h	0.4324	−0.137%	$545K	$372K	20x	as long as short
Hyperliquid GRASS	+0.0357%	1h	0.4334	+0.098%	$16.4M	$4.5M	3x	as long as short
Aster GRASSUSDT	+0.0381%	4h	0.4319	−0.245%	$62K	$304K	10x	as long as short
Kraken Futures PF_GRASSUSDlong	+0.0596%	1h	0.4330	long leg	$156K	$152K	20x
Lighter GRASS	+0.1280%	1h	0.4350	+0.463%	$839K	$987K	5x	as long as short