Funding arb · Price arb /

GRASS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.001%

Price spread now: Gate against KuCoin−0.118%7-day average −0.027% · you buy dearer than you sell

Net, funding: paid 7d − costs−$166as in the Funding arb table

Net, price: spread back to 7d avg − costs−$168as in the Price arb table

costs, in and out, $10k−$1591.588% of the position

Long on KuCoin Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.071%−$7 on $10k

Price spread, last 7 days+0.066%+$7 · spread now −0.118%, 7d avg −0.027%

Together, before fees−0.005%−$1 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: Gate is 0.090% cheaper against KuCoin than usual: you would sell low and buy high, −$9 on $10k if it goes back to its 7-day average of −0.027%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin GRASSUSDTM	0.4240	0.0100	pay 0.0050% / 4h	1h 09m	$1.3M	$1.7M	50x
Short	Gate GRASS_USDT	0.4235	0.0100	get 0.0050% / 4h	1h 09m	$1.2M	$1.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against KuCoin. 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 KuCoinbpFee GatebpOrdersPrice spread, now −0.118%Rate

Funding earned: $0
Price spread: −0.118% → −0.027%: −$9.05
Slippage, 4 orders: −$131.76
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$167.81
Costs to cover: 1.588%
Break-even: never at this rate

Slippage from KuCoin: live order book, 7 min ago; Gate: 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	7.04 bp	32.1 bp −$32	625.4 bp −$6,254	doesn't fit	doesn't fit
Sell Gate live order book, 3 min ago	5.91 bp	52.2 bp −$52	487.9 bp −$4,879	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	−0.0111%	1h	0.4234	−0.142%	$636	—	15x	as long as short
Kraken Futures PF_GRASSUSD	+0.0004%	1h	0.4238	−0.050%	$153K	$132K	20x	as long as short
Injective GRASS/USDC PERP	+0.0033%	1h	0.4267	+0.637%	$7	$23K	5.5x	as long as short
Binance GRASSUSDT	+0.0100%	4h	0.4239	−0.024%	$10.1M	$29.6M	75x	as long as short
Bybit GRASSUSDT	+0.0100%	4h	0.4232	−0.191%	$23.7M	$16.9M	25x	as long as short
OKX GRASS-USDT-SWAP	+0.0100%	4h	0.4236	−0.094%	$3.2M	$15.9M	20x	as long as short
Gate GRASS_USDTshort	+0.0100%	4h	0.4235	−0.118%	$1.2M	$1.6M	50x
MEXC GRASS_USDT	+0.0100%	4h	0.4236	−0.094%	$1.2M	$2.4M	100x	as long as short
KuCoin GRASSUSDTMlong	+0.0100%	4h	0.4240	long leg	$1.3M	$1.7M	50x
Bitget GRASSUSDT	+0.0100%	4h	0.4233	−0.163%	$4.9M	$3.3M	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	0.4236	−0.094%	—	$7.3M	—	as long as short
Variational Omni GRASS	+0.0100%	4h	0.4246	+0.134%	$2.1M	$1.2M	—	as long as short
Extended GRASS-USD	+0.0104%	1h	0.4233	−0.156%	$210K	$904K	10x	as long as short
BloFin GRASS-USDT	+0.0135%	4h	0.4237	−0.071%	$542K	$306K	20x	as long as short
Aster GRASSUSDT	+0.0536%	4h	0.4227	−0.310%	$66K	$227K	10x	as long as short
Hyperliquid GRASS	+0.0895%	1h	0.4241	+0.017%	$16.0M	$4.0M	3x	as long as short
Lighter GRASS	+0.2304%	1h	0.4255	+0.344%	$916K	$875K	5x	as long as short