Funding arb · Price arb /

GRASS

all GRASS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.1013%/8h= +110.9% APRpaid last 24h +0.152%

Price spread now: Kraken Futures against OKX+0.194%7-day average +0.019% · you sell dearer than you buy

Net, funding: paid 7d − costs+$58as in the Funding arb table

Net, price: spread back to 7d avg − costs−$137as in the Price arb table

costs, in and out, $10k−$1551.549% of the position

Long on OKX Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+2.129%+$213 on $10k

Price spread, last 4 days (all we have)−0.194%−$19 · spread now +0.194%, 7d avg +0.019%

Together, before fees+1.934%+$193 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$30 a day on $10k at the current rate, and Kraken Futures is 0.175% dearer against OKX than usual: you sell high and buy low: +$18 more if the spread goes back to its 7-day average of +0.019%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX GRASS-USDT-SWAP	0.4554	0.0100	pay 0.0050% / 4h	3h 40m	$3.6M	$23.7M	20x
Short	Kraken Futures PF_GRASSUSD	0.4563	0.1113	get 0.0139% / 1h	40m 58s	$164K	$162K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against OKX. 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 OKXbpFee Kraken FuturesbpOrdersPrice spread, now +0.194%Rate

Funding earned: $212.64
Price spread: +0.194% → +0.019%: $17.52
Slippage, 4 orders: −$134.93
Fee OKX: 5 bp × 2 orders: −$10
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $75.24
Costs to cover: 1.549%
Break-even: 4.5 days

Slippage from OKX: live order book, 3 min ago; Kraken Futures: live order book, 56 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 OKX live order book, 3 min ago	3.28 bp	18.5 bp −$18	51.9 bp −$519	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 56 min ago	30.17 bp	51.3 bp −$51	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	−0.0107%	1h	0.4555	+0.013%	$684	—	15x	as long as short
Injective GRASS/USDC PERP	+0.0033%	1h	0.4267	−6.302%	$7	$23K	5.5x	as long as short
BloFin GRASS-USDT	+0.0068%	4h	0.4562	+0.176%	$574K	$418K	20x	as long as short
Binance GRASSUSDT	+0.0100%	4h	0.4559	+0.110%	$10.9M	$39.9M	75x	as long as short
Bybit GRASSUSDT	+0.0100%	4h	0.4555	+0.029%	$26.4M	$21.6M	25x	as long as short
OKX GRASS-USDT-SWAPlong	+0.0100%	4h	0.4554	long leg	$3.6M	$23.7M	20x
Gate GRASS_USDT	+0.0100%	4h	0.4552	−0.044%	$1.3M	$2.0M	50x	as long as short
MEXC GRASS_USDT	+0.0100%	4h	0.4558	+0.088%	$2.0M	$3.1M	100x	as long as short
KuCoin GRASSUSDTM	+0.0100%	4h	0.4554	0.000%	$1.5M	$2.1M	50x	as long as short
Bitget GRASSUSDT	+0.0100%	4h	0.4554	0.000%	$5.4M	$4.1M	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	0.4556	+0.044%	—	$7.5M	—	as long as short
Variational Omni GRASS	+0.0100%	4h	0.4572	+0.401%	$2.3M	$1.4M	—	as long as short
Extended GRASS-USD	+0.0104%	1h	0.4555	+0.018%	$225K	$1.3M	10x	as long as short
Hyperliquid GRASS	+0.0456%	1h	0.4563	+0.193%	$17.4M	$4.8M	3x	as long as short
Aster GRASSUSDT	+0.0505%	4h	0.4556	+0.046%	$64K	$336K	10x	as long as short
Kraken Futures PF_GRASSUSDshort	+0.1113%	1h	0.4563	+0.194%	$164K	$162K	20x
Lighter GRASS	+0.1272%	1h	0.4583	+0.648%	$888K	$1.0M	5x	as long as short