Funding arb · Price arb /

GRASS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bitget against MEXC−0.233%7-day average −0.128% · you buy dearer than you sell

Net, funding: paid 7d − costs−$84as in the Funding arb table

Net, price: spread back to 7d avg − costs−$95as in the Price arb table

costs, in and out, $10k−$840.843% of the position

Long on MEXC Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 7 days+0.089%+$9 · spread now −0.233%, 7d avg −0.128%

Together, before fees+0.089%+$9 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: Bitget is 0.106% cheaper against MEXC than usual: you would sell low and buy high, −$11 on $10k if it goes back to its 7-day average of −0.128%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC GRASS_USDT	0.4156	0.0100	pay 0.0050% / 4h	33m 47s	$1.2M	$2.1M	100x
Short	Bitget GRASSUSDT	0.4146	0.0100	get 0.0050% / 4h	33m 47s	$4.8M	$2.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against MEXC. 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 MEXCbpFee BitgetbpOrdersPrice spread, now −0.233%Rate

Funding earned: $0
Price spread: −0.233% → −0.128%: −$10.56
Slippage, 4 orders: −$68.26
Fee MEXC: 2 bp × 2 orders: −$4
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$94.81
Costs to cover: 0.843%
Break-even: never at this rate

Slippage from MEXC: live order book, 3 min ago; Bitget: live order book, 4 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 MEXC live order book, 3 min ago	2.39 bp	9.6 bp −$10	16.3 bp −$163	66.0 bp −$6,603	doesn't fit
Sell Bitget live order book, 4 min ago	4.56 bp	31.8 bp −$32	192.6 bp −$1,926	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	−0.0113%	1h	0.4144	−0.287%	$623	—	15x	as long as short
Injective GRASS/USDC PERP	+0.0033%	1h	0.4267	+2.671%	$7	$23K	5.5x	as long as short
BloFin GRASS-USDT	+0.0091%	4h	0.4156	0.000%	$540K	$291K	20x	as long as short
Binance GRASSUSDT	+0.0100%	4h	0.4154	−0.048%	$9.8M	$24.0M	75x	as long as short
Bybit GRASSUSDT	+0.0100%	4h	0.4147	−0.217%	$23.2M	$14.1M	25x	as long as short
OKX GRASS-USDT-SWAP	+0.0100%	4h	0.4151	−0.120%	$3.0M	$12.0M	20x	as long as short
Gate GRASS_USDT	+0.0100%	4h	0.4148	−0.192%	$1.1M	$1.5M	50x	as long as short
MEXC GRASS_USDTlong	+0.0100%	4h	0.4156	long leg	$1.2M	$2.1M	100x
Bitget GRASSUSDTshort	+0.0100%	4h	0.4146	−0.233%	$4.8M	$2.8M	75x
BingX GRASS-USDT	+0.0100%	4h	0.4149	−0.168%	—	$7.3M	—	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	0.4162	+0.145%	$2.0M	$1.2M	—	as long as short
Extended GRASS-USD	+0.0104%	1h	0.4150	−0.144%	$205K	$823K	10x	as long as short
Hyperliquid GRASS	+0.0110%	1h	0.4156	−0.005%	$15.4M	$3.6M	3x	as long as short
KuCoin GRASSUSDTM	+0.0170%	4h	0.4151	−0.120%	$1.3M	$1.3M	50x	as long as short
Aster GRASSUSDT	+0.0750%	4h	0.4154	−0.059%	$66K	$204K	10x	as long as short
Kraken Futures PF_GRASSUSD	+0.1405%	1h	0.4153	−0.069%	$148K	$116K	20x	as long as short
Lighter GRASS	+0.2664%	1h	0.4174	+0.445%	$815K	$768K	5x	as long as short