Funding arb · Price arb /

GRASS

all GRASS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.1188%/8h= −130.1% APRpaid last 24h −0.199%

Price spread now: MEXC against Kraken Futures−0.481%7-day average −0.003% · you buy dearer than you sell

Net, funding: paid 7d − costs−$326as in the Funding arb table

Net, price: spread back to 7d avg − costs−$174as in the Price arb table

costs, in and out, $10k−$1261.262% of the position

Long on Kraken Futures Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−2.002%−$200 on $10k

Price spread, last 3 days (all we have)+0.395%+$40 · spread now −0.481%, 7d avg −0.003%

Together, before fees−1.607%−$161 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$36 a day on $10k at the current rate, and MEXC is 0.479% cheaper against Kraken Futures than usual: you would sell low and buy high (−$48 if the spread goes back to its 7-day average of −0.003%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_GRASSUSD	0.4309	0.1354	pay 0.0169% / 1h	49m 49s	$152K	$112K	20x
Short	MEXC GRASS_USDT	0.4288	0.0166	get 0.0083% / 4h	49m 49s	$1.3M	$2.0M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Kraken Futures. 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 Kraken FuturesbpFee MEXCbpOrdersPrice spread, now −0.481%Rate

Funding earned: −$249.53
Price spread: −0.481% → −0.003%: −$47.87
Slippage, 4 orders: −$112.16
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$423.56
Costs to cover: 1.262%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 27 min ago; MEXC: live order book, 2 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 Kraken Futures live order book, 27 min ago	26.34 bp	53.8 bp −$54	151.2 bp −$1,512	doesn't fit	doesn't fit
Sell MEXC live order book, 2 min ago	1.16 bp	14.4 bp −$14	42.4 bp −$424	113.2 bp −$11.3K	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	−0.0113%	1h	0.4304	−0.116%	$647	—	15x	as long as short
Injective GRASS/USDC PERP	+0.0033%	1h	0.4267	−0.969%	$7	$23K	5.5x	as long as short
Hyperliquid GRASS	+0.0100%	1h	0.4292	−0.393%	$16.0M	$3.5M	3x	as long as short
Bybit GRASSUSDT	+0.0100%	4h	0.4288	−0.477%	$24.2M	$13.6M	25x	as long as short
OKX GRASS-USDT-SWAP	+0.0100%	4h	0.4286	−0.528%	$3.2M	$11.8M	20x	as long as short
Gate GRASS_USDT	+0.0100%	4h	0.4281	−0.644%	$1.1M	$1.5M	50x	as long as short
Bitget GRASSUSDT	+0.0100%	4h	0.4286	−0.530%	$5.0M	$2.7M	75x	as long as short
Variational Omni GRASS	+0.0100%	4h	0.4316	+0.167%	$2.1M	$1.2M	—	as long as short
BloFin GRASS-USDT	+0.0140%	4h	0.4315	+0.145%	$554K	$289K	20x	as long as short
Binance GRASSUSDT	+0.0152%	4h	0.4291	−0.422%	$10.2M	$23.2M	75x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended GRASS-USD	+0.0152%	1h	0.4286	−0.518%	$212K	$823K	10x	as long as short
MEXC GRASS_USDTshort	+0.0166%	4h	0.4288	−0.481%	$1.3M	$2.0M	100x
BingX GRASS-USDT	+0.0178%	4h	0.4289	−0.458%	—	$7.3M	—	as long as short
KuCoin GRASSUSDTM	+0.0210%	4h	0.4286	−0.528%	$1.3M	$1.3M	50x	as long as short
Aster GRASSUSDT	+0.0963%	4h	0.4293	−0.375%	$74K	$193K	10x	as long as short
Kraken Futures PF_GRASSUSDlong	+0.1354%	1h	0.4309	long leg	$152K	$112K	20x
Lighter GRASS	+0.1680%	1h	0.4296	−0.303%	$838K	$763K	5x	as long as short