Funding arb · Price arb /

GRASS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0204%/8h= +22.4% APRpaid last 24h +0.064%

Price spread now: MEXC against Reya+0.134%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Reya Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropReya: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and MEXC is 0.134% dearer against Reya than usual: you sell high and buy low: +$13 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya GRASSRUSDPERP	0.4447	−0.0104	get 0.0013% / 1h	11m 12s	$668	—	15x
Short	MEXC GRASS_USDT	0.4453	0.0100	get 0.0050% / 4h	11m 12s	$1.8M	$3.8M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Reya. 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 ReyabpFee MEXCbpOrdersPrice spread, now +0.134%Rate

Funding earned: $42.92
Price spread: +0.134% → 0.000%: $13.37
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee MEXC: 2 bp × 2 orders: −$4
Net: $46.29
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: Reya: no order-book sample; MEXC: live order book, 4 min ago. Net counts fees only.

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 Reya no order-book sample	—	—	—	—	—
Sell MEXC live order book, 4 min ago	1.12 bp	5.9 bp −$6	15.9 bp −$159	85.5 bp −$8,548	doesn't fit

Reya: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

GRASS on 17 exchanges

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 GRASSRUSDPERPlong	−0.0104%	1h	0.4447	long leg	$668	—	15x
Injective GRASS/USDC PERP	+0.0033%	1h	0.4267	−4.049%	$7	$23K	5.5x	as long as short
Kraken Futures PF_GRASSUSD	+0.0092%	1h	0.4452	+0.105%	$161K	$181K	20x	as long as short
Hyperliquid GRASS	+0.0100%	1h	0.4457	+0.215%	$16.9M	$5.6M	3x	as long as short
Aster GRASSUSDT	+0.0100%	4h	0.4454	+0.148%	$67K	$439K	10x	as long as short
Binance GRASSUSDT	+0.0100%	4h	0.4450	+0.073%	$10.6M	$51.6M	75x	as long as short
Bybit GRASSUSDT	+0.0100%	4h	0.4448	+0.014%	$25.6M	$25.8M	25x	as long as short
OKX GRASS-USDT-SWAP	+0.0100%	4h	0.4448	+0.021%	$3.5M	$27.5M	20x	as long as short
Gate GRASS_USDT	+0.0100%	4h	0.4448	+0.021%	$1.2M	$2.2M	50x	as long as short
MEXC GRASS_USDTshort	+0.0100%	4h	0.4453	+0.134%	$1.8M	$3.8M	100x

Show all 17 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin GRASSUSDTM	+0.0100%	4h	0.4449	+0.044%	$1.3M	$2.8M	50x	as long as short
Bitget GRASSUSDT	+0.0100%	4h	0.4449	+0.032%	$5.2M	$5.4M	75x	as long as short
BingX GRASS-USDT	+0.0100%	4h	0.4449	+0.044%	—	$7.7M	—	as long as short
Variational Omni GRASS	+0.0100%	4h	0.4454	+0.161%	$2.2M	$1.6M	—	as long as short
Extended GRASS-USD	+0.0104%	1h	0.4444	−0.075%	$223K	$1.3M	10x	as long as short
BloFin GRASS-USDT	+0.0157%	4h	0.4452	+0.111%	$564K	$566K	20x	as long as short
Lighter GRASS	+0.0944%	1h	0.4470	+0.507%	$867K	$1.1M	5x	as long as short