Funding arb · Price arb /

GRASS

all GRASS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0881%/8h= +96.5% APRpaid last 24h +0.154%

Price spread now: Kraken Futures against KuCoin+0.111%7-day average +0.063% · you sell dearer than you buy

Net, funding: paid 7d − costs+$32as in the Funding arb table

Net, price: spread back to 7d avg − costs−$172as in the Price arb table

costs, in and out, $10k−$1771.771% of the position

Long on KuCoin Short on Kraken Futures

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)+0.064%+$6 · spread now +0.111%, 7d avg +0.063%

Together, before fees+2.161%+$216 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$26 a day on $10k at the current rate, and Kraken Futures is 0.049% dearer against KuCoin than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.063%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin GRASSUSDTM	0.4439	0.0100	pay 0.0050% / 4h	56m 52s	$1.3M	$2.0M	50x
Short	Kraken Futures PF_GRASSUSD	0.4444	0.0981	get 0.0123% / 1h	56m 52s	$160K	$152K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now +0.111%Rate

Funding earned: $184.98
Price spread: +0.111% → +0.063%: $4.86
Slippage, 4 orders: −$155.14
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $12.71
Costs to cover: 1.771%
Break-even: 6.5 days

Slippage from KuCoin: live order book, 9 min ago; Kraken Futures: live order book, 45 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, 9 min ago	11.25 bp	38.5 bp −$39	741.4 bp −$7,414	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 45 min ago	29.78 bp	51.7 bp −$52	doesn't fit	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	0.4438	−0.016%	$667	—	15x	as long as short
Injective GRASS/USDC PERP	+0.0033%	1h	0.4267	−3.875%	$7	$23K	5.5x	as long as short
Binance GRASSUSDT	+0.0100%	4h	0.4444	+0.112%	$10.4M	$36.7M	75x	as long as short
Bybit GRASSUSDT	+0.0100%	4h	0.4440	+0.023%	$25.5M	$20.3M	25x	as long as short
OKX GRASS-USDT-SWAP	+0.0100%	4h	0.4439	0.000%	$3.4M	$21.3M	20x	as long as short
Gate GRASS_USDT	+0.0100%	4h	0.4441	+0.045%	$1.3M	$1.9M	50x	as long as short
MEXC GRASS_USDT	+0.0100%	4h	0.4446	+0.158%	$1.5M	$2.9M	100x	as long as short
KuCoin GRASSUSDTMlong	+0.0100%	4h	0.4439	long leg	$1.3M	$2.0M	50x
Bitget GRASSUSDT	+0.0100%	4h	0.4430	−0.196%	$5.1M	$3.9M	75x	as long as short
BingX GRASS-USDT	+0.0100%	4h	0.4442	+0.068%	—	$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	−0.299%	$2.2M	$1.4M	—	as long as short
Extended GRASS-USD	+0.0104%	1h	0.4443	+0.095%	$219K	$1.3M	10x	as long as short
BloFin GRASS-USDT	+0.0129%	4h	0.4446	+0.158%	$555K	$391K	20x	as long as short
Aster GRASSUSDT	+0.0398%	4h	0.4438	−0.023%	$67K	$315K	10x	as long as short
Hyperliquid GRASS	+0.0783%	1h	0.4444	+0.119%	$16.9M	$4.6M	3x	as long as short
Kraken Futures PF_GRASSUSDshort	+0.0981%	1h	0.4444	+0.111%	$160K	$152K	20x
Lighter GRASS	+0.1224%	1h	0.4460	+0.475%	$860K	$998K	5x	as long as short