Funding arb · Price arb /

GRASS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: MEXC against OKX−0.024%7-day average +0.077% · you buy dearer than you sell

Net, funding: paid 7d − costs−$61as in the Funding arb table

Net, price: spread back to 7d avg − costs−$72as in the Price arb table

costs, in and out, $10k−$620.621% of the position

Long on OKX Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.008%+$1 on $10k

Price spread, last 7 days+0.156%+$16 · spread now −0.024%, 7d avg +0.077%

Together, before fees+0.164%+$16 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: MEXC is 0.101% cheaper against OKX than usual: you would sell low and buy high, −$10 on $10k if it goes back to its 7-day average of +0.077%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX GRASS-USDT-SWAP	0.4210	0.0100	pay 0.0050% / 4h	2h 49m	$3.2M	$14.1M	20x
Short	MEXC GRASS_USDT	0.4209	0.0100	get 0.0050% / 4h	2h 49m	$1.3M	$2.2M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against OKX. 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 OKXbpFee MEXCbpOrdersPrice spread, now −0.024%Rate

Funding earned: $0
Price spread: −0.024% → +0.077%: −$10.07
Slippage, 4 orders: −$48.1
Fee OKX: 5 bp × 2 orders: −$10
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$72.18
Costs to cover: 0.621%
Break-even: never at this rate

Slippage from OKX: live order book, 4 min ago; MEXC: live order book, 3 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 OKX live order book, 4 min ago	3.56 bp	25.8 bp −$26	77.1 bp −$771	doesn't fit	doesn't fit
Sell MEXC live order book, 3 min ago	1.19 bp	7.4 bp −$7	34.6 bp −$346	102.8 bp −$10.3K	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	−0.0112%	1h	0.4199	−0.264%	$631	—	15x	as long as short
Injective GRASS/USDC PERP	+0.0033%	1h	0.4267	+1.354%	$7	$23K	5.5x	as long as short
BloFin GRASS-USDT	+0.0089%	4h	0.4216	+0.143%	$534K	$297K	20x	as long as short
Binance GRASSUSDT	+0.0100%	4h	0.4206	−0.090%	$10.0M	$27.2M	75x	as long as short
Bybit GRASSUSDT	+0.0100%	4h	0.4204	−0.138%	$23.8M	$15.5M	25x	as long as short
OKX GRASS-USDT-SWAPlong	+0.0100%	4h	0.4210	long leg	$3.2M	$14.1M	20x
Gate GRASS_USDT	+0.0100%	4h	0.4198	−0.285%	$1.1M	$1.5M	50x	as long as short
MEXC GRASS_USDTshort	+0.0100%	4h	0.4209	−0.024%	$1.3M	$2.2M	100x
Bitget GRASSUSDT	+0.0100%	4h	0.4204	−0.143%	$4.9M	$3.0M	75x	as long as short
BingX GRASS-USDT	+0.0100%	4h	0.4203	−0.166%	—	$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	0.4203	−0.158%	$2.1M	$1.2M	—	as long as short
Extended GRASS-USD	+0.0104%	1h	0.4206	−0.089%	$213K	$906K	10x	as long as short
KuCoin GRASSUSDTM	+0.0220%	4h	0.4206	−0.095%	$1.3M	$1.5M	50x	as long as short
Aster GRASSUSDT	+0.0594%	4h	0.4204	−0.139%	$68K	$209K	10x	as long as short
Kraken Futures PF_GRASSUSD	+0.0631%	1h	0.4206	−0.095%	$150K	$127K	20x	as long as short
Hyperliquid GRASS	+0.1338%	1h	0.4208	−0.048%	$15.8M	$3.8M	3x	as long as short
Lighter GRASS	+0.2064%	1h	0.4226	+0.371%	$825K	$781K	5x	as long as short