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: Gate against MEXC−0.048%7-day average −0.110% · you buy dearer than you sell

Net, funding: paid 7d − costs−$129as in the Funding arb table

Net, price: spread back to 7d avg − costs−$116as in the Price arb table

costs, in and out, $10k−$1221.222% of the position

Long on MEXC Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.073%−$7 on $10k

Price spread, last 4 days (all we have)+0.004%$0 · spread now −0.048%, 7d avg −0.110%

Together, before fees−0.069%−$7 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: Gate is 0.062% dearer against MEXC than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of −0.110%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC GRASS_USDT	0.4147	0.0100	pay 0.0050% / 4h	33m 06s	$1.2M	$2.1M	100x
Short	Gate GRASS_USDT	0.4145	0.0100	get 0.0050% / 4h	33m 06s	$1.1M	$1.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.048%Rate

Funding earned: $0
Price spread: −0.048% → −0.110%: $6.16
Slippage, 4 orders: −$103.16
Fee MEXC: 2 bp × 2 orders: −$4
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$116
Costs to cover: 1.222%
Break-even: never at this rate

Slippage from MEXC: live order book, 4 min ago; Gate: 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, 4 min ago	2.39 bp	9.6 bp −$10	16.3 bp −$163	66.0 bp −$6,603	doesn't fit
Sell Gate live order book, 4 min ago	9.58 bp	55.6 bp −$56	319.7 bp −$3,197	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	0.4156	+0.212%	$624	—	15x	as long as short
Injective GRASS/USDC PERP	+0.0033%	1h	0.4267	+2.894%	$7	$23K	5.5x	as long as short
Binance GRASSUSDT	+0.0100%	4h	0.4152	+0.121%	$9.8M	$24.0M	75x	as long as short
Bybit GRASSUSDT	+0.0100%	4h	0.4143	−0.101%	$23.2M	$14.1M	25x	as long as short
OKX GRASS-USDT-SWAP	+0.0100%	4h	0.4143	−0.096%	$3.0M	$12.0M	20x	as long as short
Gate GRASS_USDTshort	+0.0100%	4h	0.4145	−0.048%	$1.1M	$1.5M	50x
MEXC GRASS_USDTlong	+0.0100%	4h	0.4147	long leg	$1.2M	$2.1M	100x
Bitget GRASSUSDT	+0.0100%	4h	0.4143	−0.104%	$4.8M	$2.8M	75x	as long as short
BingX GRASS-USDT	+0.0100%	4h	0.4146	−0.024%	—	$7.2M	—	as long as short
Variational Omni GRASS	+0.0100%	4h	0.4162	+0.362%	$2.0M	$1.2M	—	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	+0.0104%	1h	0.4155	+0.181%	$205K	$823K	10x	as long as short
Hyperliquid GRASS	+0.0117%	1h	0.4149	+0.060%	$15.4M	$3.6M	3x	as long as short
BloFin GRASS-USDT	+0.0125%	4h	0.4146	−0.024%	$539K	$290K	20x	as long as short
KuCoin GRASSUSDTM	+0.0176%	4h	0.4152	+0.121%	$1.3M	$1.3M	50x	as long as short
Aster GRASSUSDT	+0.0740%	4h	0.4147	0.000%	$66K	$204K	10x	as long as short
Kraken Futures PF_GRASSUSD	+0.1404%	1h	0.4156	+0.226%	$148K	$116K	20x	as long as short
Lighter GRASS	+0.2632%	1h	0.4166	+0.458%	$813K	$768K	5x	as long as short