Funding arb · Price arb /

GRASS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.007%

Price spread now: Extended against KuCoin+0.017%7-day average −0.035% · you sell dearer than you buy

Net, funding: paid 7d − costs−$108as in the Funding arb table

Net, price: spread back to 7d avg − costs−$104as in the Price arb table

costs, in and out, $10k−$1091.092% of the position

Long on KuCoin Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.017%+$2 on $10k

Price spread, last 4 days (all we have)+0.101%+$10 · spread now +0.017%, 7d avg −0.035%

Together, before fees+0.118%+ Points / potential airdropExtended: Active · farm board+$12 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: Extended is 0.052% dearer against KuCoin than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.035%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin GRASSUSDTM	0.4422	0.0100	pay 0.0050% / 4h	59m 51s	$1.3M	$2.0M	50x
Short	Extended GRASS-USD	0.4423	0.0104	get 0.0013% / 1h	59m 51s	$218K	$1.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against KuCoin. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 KuCoinbpFee ExtendedbpOrdersPrice spread, now +0.017%Rate

Funding earned: $0.84
Price spread: +0.017% → −0.035%: $5.2
Slippage, 4 orders: −$92.21
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$103.17
Costs to cover: 1.092%
Break-even: 866.7 days

Slippage from KuCoin: live order book, 7 min ago; Extended: 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 KuCoin live order book, 7 min ago	11.25 bp	38.5 bp −$39	741.4 bp −$7,414	doesn't fit	doesn't fit
Sell Extended live order book, 3 min ago	3.39 bp	14.0 bp −$14	93.0 bp −$930	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	0.4424	+0.053%	$665	—	15x	as long as short
Injective GRASS/USDC PERP	+0.0033%	1h	0.4267	−3.505%	$7	$23K	5.5x	as long as short
Binance GRASSUSDT	+0.0100%	4h	0.4438	+0.354%	$10.4M	$36.6M	75x	as long as short
Bybit GRASSUSDT	+0.0100%	4h	0.4433	+0.251%	$25.5M	$20.3M	25x	as long as short
OKX GRASS-USDT-SWAP	+0.0100%	4h	0.4430	+0.181%	$3.4M	$21.3M	20x	as long as short
Gate GRASS_USDT	+0.0100%	4h	0.4429	+0.158%	$1.3M	$1.9M	50x	as long as short
MEXC GRASS_USDT	+0.0100%	4h	0.4430	+0.181%	$1.5M	$2.9M	100x	as long as short
KuCoin GRASSUSDTMlong	+0.0100%	4h	0.4422	long leg	$1.3M	$2.0M	50x
Bitget GRASSUSDT	+0.0100%	4h	0.4430	+0.181%	$5.1M	$3.9M	75x	as long as short
BingX GRASS-USDT	+0.0100%	4h	0.4431	+0.204%	—	$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	0.4426	+0.084%	$2.2M	$1.4M	—	as long as short
Extended GRASS-USDshort	+0.0104%	1h	0.4423	+0.017%	$218K	$1.3M	10x
BloFin GRASS-USDT	+0.0107%	4h	0.4426	+0.090%	$553K	$390K	20x	as long as short
Aster GRASSUSDT	+0.0396%	4h	0.4431	+0.204%	$68K	$315K	10x	as long as short
Kraken Futures PF_GRASSUSD	+0.0583%	1h	0.4427	+0.108%	$160K	$152K	20x	as long as short
Hyperliquid GRASS	+0.0877%	1h	0.4439	+0.391%	$16.9M	$4.6M	3x	as long as short
Lighter GRASS	+0.1232%	1h	0.4451	+0.663%	$858K	$997K	5x	as long as short