Funding arb · Price arb /

GRASS

all GRASS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.181%

Price spread now: MEXC against Hyperliquid−0.026%7-day average −0.105% · you buy dearer than you sell

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

Long on Hyperliquid Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.519%−$52 on $10k

Price spread, last 7 days−0.070%−$7 · spread now −0.026%, 7d avg −0.105%

Together, before fees−0.589%+ Points / potential airdropHyperliquid: Season 2 · farm board−$59 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 0.079% dearer against Hyperliquid than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of −0.105%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid GRASS	0.4247	0.0100	pay 0.0013% / 1h	44m 44s	$16.1M	$4.0M	3x
Short	MEXC GRASS_USDT	0.4246	0.0100	get 0.0050% / 4h	44m 44s	$1.3M	$2.4M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Hyperliquid. 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 HyperliquidbpFee MEXCbpOrdersPrice spread, now −0.026%Rate

Funding earned: $0
Price spread: −0.026% → −0.105%: $7.95
Slippage, 4 orders: no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$5.05
Costs to cover: 0.130%
Break-even: never at this rate

Slippage unknown: Hyperliquid: live order book, 8 min ago; MEXC: live order book, 2 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 Hyperliquid live order book, 8 min ago	1.41 bp	15.4 bp −$15	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 2 min ago	1.18 bp	7.7 bp −$8	27.3 bp −$273	107.7 bp −$10.8K	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	−0.0110%	1h	0.4236	−0.260%	$637	—	15x	as long as short
Injective GRASS/USDC PERP	+0.0033%	1h	0.4267	+0.469%	$7	$23K	5.5x	as long as short
BloFin GRASS-USDT	+0.0081%	4h	0.4235	−0.285%	$425K	$308K	20x	as long as short
Hyperliquid GRASSlong	+0.0100%	1h	0.4247	long leg	$16.1M	$4.0M	3x
Binance GRASSUSDT	+0.0100%	4h	0.4242	−0.122%	$10.1M	$30.0M	75x	as long as short
Bybit GRASSUSDT	+0.0100%	4h	0.4241	−0.146%	$23.8M	$17.1M	25x	as long as short
OKX GRASS-USDT-SWAP	+0.0100%	4h	0.4246	−0.026%	$3.3M	$16.2M	20x	as long as short
Gate GRASS_USDT	+0.0100%	4h	0.4240	−0.167%	$1.2M	$1.6M	50x	as long as short
MEXC GRASS_USDTshort	+0.0100%	4h	0.4246	−0.026%	$1.3M	$2.4M	100x
KuCoin GRASSUSDTM	+0.0100%	4h	0.4240	−0.167%	$1.2M	$1.7M	50x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget GRASSUSDT	+0.0100%	4h	0.4238	−0.212%	$4.9M	$3.3M	75x	as long as short
BingX GRASS-USDT	+0.0100%	4h	0.4241	−0.144%	—	$7.3M	—	as long as short
Variational Omni GRASS	+0.0100%	4h	0.4236	−0.268%	$2.1M	$1.3M	—	as long as short
Extended GRASS-USD	+0.0104%	1h	0.4240	−0.170%	$210K	$898K	10x	as long as short
Aster GRASSUSDT	+0.0505%	4h	0.4242	−0.119%	$66K	$232K	10x	as long as short
Kraken Futures PF_GRASSUSD	+0.0795%	1h	0.4236	−0.267%	$153K	$132K	20x	as long as short
Lighter GRASS	+0.2112%	1h	0.4264	+0.393%	$912K	$880K	5x	as long as short