Funding arb · Price arb /

GRASS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.007%

Price spread now: Extended against MEXC+0.117%7-day average −0.108% · you sell dearer than you buy

Net, funding: paid 7d − costs−$47as in the Funding arb table

Net, price: spread back to 7d avg − costs−$26as in the Price arb table

costs, in and out, $10k−$480.483% of the position

Long on MEXC Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.014%+$1 on $10k

Price spread, last 4 days (all we have)−0.005%−$1 · spread now +0.117%, 7d avg −0.108%

Together, before fees+0.009%+ Points / potential airdropExtended: Active · farm board+$1 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: Extended is 0.225% dearer against MEXC than usual: you sell high and buy low, +$22 on $10k if it goes back to its 7-day average of −0.108%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC GRASS_USDT	0.4372	0.0252	pay 0.0126% / 4h	1h 11m	$1.3M	$1.8M	100x
Short	Extended GRASS-USD	0.4377	0.0256	get 0.0032% / 1h	11m 08s	$215K	$823K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against MEXC. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 ExtendedbpOrdersPrice spread, now +0.117%Rate

Funding earned: $0.84
Price spread: +0.117% → −0.108%: $22.47
Slippage, 4 orders: −$39.33
Fee MEXC: 2 bp × 2 orders: −$4
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$25.02
Costs to cover: 0.483%
Break-even: 215.5 days

Slippage from MEXC: live order book, 5 min ago; Extended: live order book, 7 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, 5 min ago	2.28 bp	8.3 bp −$8	22.3 bp −$223	98.6 bp −$9,858	doesn't fit
Sell Extended live order book, 7 min ago	4.58 bp	15.0 bp −$15	89.2 bp −$892	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	0.4370	−0.035%	$657	—	15x	as long as short
Injective GRASS/USDC PERP	+0.0033%	1h	0.4267	−2.402%	$7	$23K	5.5x	as long as short
Bybit GRASSUSDT	+0.0100%	4h	0.4368	−0.085%	$24.7M	$13.1M	25x	as long as short
OKX GRASS-USDT-SWAP	+0.0100%	4h	0.4365	−0.160%	$3.1M	$11.0M	20x	as long as short
Gate GRASS_USDT	+0.0100%	4h	0.4366	−0.137%	$1.2M	$1.4M	50x	as long as short
Bitget GRASSUSDT	+0.0100%	4h	0.4366	−0.135%	$5.1M	$2.6M	75x	as long as short
Variational Omni GRASS	+0.0100%	4h	0.4355	−0.378%	$2.1M	$1.2M	—	as long as short
KuCoin GRASSUSDTM	+0.0206%	4h	0.4371	−0.023%	$1.4M	$1.2M	50x	as long as short
MEXC GRASS_USDTlong	+0.0252%	4h	0.4372	long leg	$1.3M	$1.8M	100x
Binance GRASSUSDT	+0.0252%	4h	0.4374	+0.042%	$10.5M	$21.9M	75x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin GRASS-USDT	+0.0255%	4h	0.4376	+0.091%	$550K	$291K	20x	as long as short
Extended GRASS-USDshort	+0.0256%	1h	0.4377	+0.117%	$215K	$823K	10x
BingX GRASS-USDT	+0.0274%	4h	0.4367	−0.114%	—	$7.2M	—	as long as short
Hyperliquid GRASS	+0.0679%	1h	0.4372	−0.009%	$16.4M	$3.3M	3x	as long as short
Aster GRASSUSDT	+0.1143%	4h	0.4378	+0.133%	$73K	$185K	10x	as long as short
Kraken Futures PF_GRASSUSD	+0.1466%	1h	0.4377	+0.122%	$157K	$110K	20x	as long as short
Lighter GRASS	+0.2840%	1h	0.4393	+0.471%	$857K	$762K	5x	as long as short