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: Kraken Futures against MEXC+0.484%7-day average +0.003% · you sell dearer than you buy

Net, funding: paid 7d − costs+$74as in the Funding arb table

Net, price: spread back to 7d avg − costs−$78as in the Price arb table

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

Long on MEXC Short on Kraken Futures

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)−0.398%−$40 · spread now +0.484%, 7d avg +0.003%

Together, before fees+1.605%+$160 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$36 a day on $10k at the current rate, and Kraken Futures is 0.481% dearer against MEXC than usual: you sell high and buy low: +$48 more if the spread 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	MEXC GRASS_USDT	0.4288	0.0166	pay 0.0083% / 4h	49m 47s	$1.3M	$2.0M	100x
Short	Kraken Futures PF_GRASSUSD	0.4309	0.1354	get 0.0169% / 1h	49m 47s	$152K	$112K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now +0.484%Rate

Funding earned: $249.53
Price spread: +0.484% → +0.003%: $48.11
Slippage, 4 orders: −$112.16
Fee MEXC: 2 bp × 2 orders: −$4
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $171.47
Costs to cover: 1.262%
Break-even: 2.2 days

Slippage from MEXC: live order book, 2 min ago; Kraken Futures: live order book, 28 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, 2 min ago	1.16 bp	7.9 bp −$8	29.3 bp −$293	118.5 bp −$11.8K	doesn't fit
Sell Kraken Futures live order book, 28 min ago	26.34 bp	50.2 bp −$50	doesn't fit	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	0.4304	+0.367%	$647	—	15x	as long as short
Injective GRASS/USDC PERP	+0.0033%	1h	0.4267	−0.490%	$7	$23K	5.5x	as long as short
Hyperliquid GRASS	+0.0100%	1h	0.4292	+0.089%	$16.0M	$3.5M	3x	as long as short
Bybit GRASSUSDT	+0.0100%	4h	0.4288	+0.005%	$24.2M	$13.6M	25x	as long as short
OKX GRASS-USDT-SWAP	+0.0100%	4h	0.4286	−0.047%	$3.2M	$11.8M	20x	as long as short
Gate GRASS_USDT	+0.0100%	4h	0.4281	−0.163%	$1.1M	$1.5M	50x	as long as short
Bitget GRASSUSDT	+0.0100%	4h	0.4286	−0.049%	$5.0M	$2.7M	75x	as long as short
Variational Omni GRASS	+0.0100%	4h	0.4316	+0.652%	$2.1M	$1.2M	—	as long as short
BloFin GRASS-USDT	+0.0140%	4h	0.4315	+0.630%	$554K	$289K	20x	as long as short
Binance GRASSUSDT	+0.0152%	4h	0.4291	+0.059%	$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	−0.037%	$212K	$823K	10x	as long as short
MEXC GRASS_USDTlong	+0.0166%	4h	0.4288	long leg	$1.3M	$2.0M	100x
BingX GRASS-USDT	+0.0178%	4h	0.4289	+0.023%	—	$7.3M	—	as long as short
KuCoin GRASSUSDTM	+0.0210%	4h	0.4286	−0.047%	$1.3M	$1.3M	50x	as long as short
Aster GRASSUSDT	+0.0963%	4h	0.4293	+0.107%	$74K	$193K	10x	as long as short
Kraken Futures PF_GRASSUSDshort	+0.1354%	1h	0.4309	+0.484%	$152K	$112K	20x
Lighter GRASS	+0.1680%	1h	0.4296	+0.180%	$838K	$763K	5x	as long as short