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 Gate+0.143%7-day average +0.110% · you sell dearer than you buy

Net, funding: paid 7d − costs−$118as in the Funding arb table

Net, price: spread back to 7d avg − costs−$122as in the Price arb table

costs, in and out, $10k−$1251.254% of the position

Long on Gate Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.072%+$7 on $10k

Price spread, last 4 days (all we have)−0.127%−$13 · spread now +0.143%, 7d avg +0.110%

Together, before fees−0.055%−$6 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 0.033% dearer against Gate than usual: you sell high and buy low, +$3 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	Gate GRASS_USDT	0.4210	0.0100	pay 0.0050% / 4h	2h 46m	$1.2M	$1.5M	50x
Short	MEXC GRASS_USDT	0.4216	0.0100	get 0.0050% / 4h	2h 46m	$1.3M	$2.2M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Gate. 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 GatebpFee MEXCbpOrdersPrice spread, now +0.143%Rate

Funding earned: $0
Price spread: +0.143% → +0.110%: $3.3
Slippage, 4 orders: −$106.38
Fee Gate: 7.5 bp × 2 orders: −$15
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$122.07
Costs to cover: 1.254%
Break-even: never at this rate

Slippage from Gate: live order book, 1 min ago; MEXC: live order book, 5 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 Gate live order book, 1 min ago	8.33 bp	57.1 bp −$57	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 5 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	0.4217	+0.158%	$634	—	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	0.4215	+0.125%	$10.0M	$27.2M	75x	as long as short
Bybit GRASSUSDT	+0.0100%	4h	0.4212	+0.043%	$23.8M	$15.5M	25x	as long as short
OKX GRASS-USDT-SWAP	+0.0100%	4h	0.4220	+0.238%	$3.2M	$14.2M	20x	as long as short
Gate GRASS_USDTlong	+0.0100%	4h	0.4210	long leg	$1.2M	$1.5M	50x
MEXC GRASS_USDTshort	+0.0100%	4h	0.4216	+0.143%	$1.3M	$2.2M	100x
Bitget GRASSUSDT	+0.0100%	4h	0.4212	+0.050%	$4.9M	$3.0M	75x	as long as short
BingX GRASS-USDT	+0.0100%	4h	0.4213	+0.071%	—	$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	0.4213	+0.075%	$213K	$902K	10x	as long as short
KuCoin GRASSUSDTM	+0.0222%	4h	0.4215	+0.119%	$1.3M	$1.5M	50x	as long as short
Aster GRASSUSDT	+0.0584%	4h	0.4211	+0.027%	$69K	$210K	10x	as long as short
Kraken Futures PF_GRASSUSD	+0.0630%	1h	0.4208	−0.051%	$150K	$127K	20x	as long as short
Hyperliquid GRASS	+0.1262%	1h	0.4224	+0.328%	$15.9M	$3.8M	3x	as long as short
Lighter GRASS	+0.2072%	1h	0.4234	+0.568%	$827K	$782K	5x	as long as short