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: KuCoin against OKX−0.047%7-day average +0.003% · you buy dearer than you sell

Net, funding: paid 7d − costs−$106as in the Funding arb table

Net, price: spread back to 7d avg − costs−$112as in the Price arb table

costs, in and out, $10k−$1071.067% of the position

Long on OKX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.007%+$1 on $10k

Price spread, last 7 days+0.125%+$12 · spread now −0.047%, 7d avg +0.003%

Together, before fees+0.132%+$13 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: KuCoin is 0.050% cheaper against OKX than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of +0.003%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX GRASS-USDT-SWAP	0.4228	0.0100	pay 0.0050% / 4h	40m 18s	$3.3M	$16.2M	20x
Short	KuCoin GRASSUSDTM	0.4226	0.0100	get 0.0050% / 4h	40m 18s	$1.2M	$1.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.047%Rate

Funding earned: $0
Price spread: −0.047% → +0.003%: −$4.99
Slippage, 4 orders: −$84.73
Fee OKX: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$111.72
Costs to cover: 1.067%
Break-even: never at this rate

Slippage from OKX: live order book, 3 min ago; KuCoin: live order book, 1 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	3.56 bp	23.0 bp −$23	58.9 bp −$589	doesn't fit	doesn't fit
Sell KuCoin live order book, 1 min ago	8.26 bp	32.1 bp −$32	255.5 bp −$2,555	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	−0.0110%	1h	0.4229	+0.013%	$635	—	15x	as long as short
Injective GRASS/USDC PERP	+0.0033%	1h	0.4267	+0.922%	$7	$23K	5.5x	as long as short
BloFin GRASS-USDT	+0.0095%	4h	0.4234	+0.142%	$551K	$309K	20x	as long as short
Hyperliquid GRASS	+0.0100%	1h	0.4236	+0.187%	$16.0M	$4.0M	3x	as long as short
Binance GRASSUSDT	+0.0100%	4h	0.4236	+0.189%	$10.1M	$30.1M	75x	as long as short
Bybit GRASSUSDT	+0.0100%	4h	0.4228	0.000%	$23.7M	$17.2M	25x	as long as short
OKX GRASS-USDT-SWAPlong	+0.0100%	4h	0.4228	long leg	$3.3M	$16.2M	20x
Gate GRASS_USDT	+0.0100%	4h	0.4225	−0.071%	$1.2M	$1.6M	50x	as long as short
MEXC GRASS_USDT	+0.0100%	4h	0.4230	+0.047%	$1.3M	$2.4M	100x	as long as short
KuCoin GRASSUSDTMshort	+0.0100%	4h	0.4226	−0.047%	$1.2M	$1.7M	50x

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget GRASSUSDT	+0.0100%	4h	0.4227	−0.028%	$4.9M	$3.3M	75x	as long as short
BingX GRASS-USDT	+0.0100%	4h	0.4230	+0.047%	—	$7.3M	—	as long as short
Variational Omni GRASS	+0.0100%	4h	0.4225	−0.066%	$2.1M	$1.3M	—	as long as short
Extended GRASS-USD	+0.0104%	1h	0.4227	−0.014%	$210K	$898K	10x	as long as short
Aster GRASSUSDT	+0.0490%	4h	0.4233	+0.107%	$66K	$234K	10x	as long as short
Kraken Futures PF_GRASSUSD	+0.0797%	1h	0.4229	+0.026%	$152K	$132K	20x	as long as short
Lighter GRASS	+0.2208%	1h	0.4249	+0.499%	$908K	$882K	5x	as long as short