Funding arb · Price arb /

GRASS

all GRASS markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0539%/8h= −59.0% APRpaid last 24h −0.192%

Price spread now: MEXC against Kraken Futures−0.374%51s7-day average +0.004% · you buy dearer than you sell

Net, funding: paid 7d − costs−$338as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1341.343% of the position

Long on Kraken Futures Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−2.034%−$203 on $10k

Price spread, last 3 days (all we have)+0.271%+$27 · spread now −0.374%, 7d avg +0.004%

Together, before fees−1.764%−$176 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$16 a day on $10k at the current rate, and MEXC is 0.378% cheaper against Kraken Futures than usual: you would sell low and buy high (−$38 if the spread goes back to its 7-day average of +0.004%). Swap the legs. The two prices were read 51 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_GRASSUSD	0.4154	0.0639	pay 0.0080% / 1h	17m 31s	$148K	$128K	20x
Short	MEXC GRASS_USDT	0.4138	0.0100	get 0.0050% / 4h	2h 17m	$1.2M	$2.3M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Kraken Futures. 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 Kraken FuturesbpFee MEXCbpOrdersPrice spread, now −0.374%Rate

Funding earned: −$113.11
Price spread: −0.374% → +0.004%: −$37.8
Slippage, 4 orders: −$120.32
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$285.22
Costs to cover: 1.343%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 50 min ago; MEXC: live order book, 4 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 Kraken Futures live order book, 50 min ago	24.95 bp	51.9 bp −$52	164.8 bp −$1,648	doesn't fit	doesn't fit
Sell MEXC live order book, 4 min ago	1.22 bp	9.9 bp −$10	38.3 bp −$383	106.8 bp −$10.7K	doesn't fit

GRASS on 16 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	−0.0111%	1h	0.4137	−0.404%	$622	—	15x	as long as short
Injective GRASS/USDC PERP	+0.0033%	1h	0.4267	+2.732%	$7	$23K	5.5x	as long as short
Binance GRASSUSDT	+0.0100%	4h	0.4146	−0.191%	$9.8M	$28.5M	75x	as long as short
Bybit GRASSUSDT	+0.0100%	4h	0.4140	−0.333%	$23.1M	$16.4M	25x	as long as short
OKX GRASS-USDT-SWAP	+0.0100%	4h	0.4140	−0.326%	$3.1M	$14.8M	20x	as long as short
Gate GRASS_USDT	+0.0100%	4h	0.4145	−0.206%	$1.1M	$1.6M	50x	as long as short
MEXC GRASS_USDTshort	+0.0100%	4h	0.4138	−0.374%	$1.2M	$2.3M	100x
Bitget GRASSUSDT	+0.0100%	4h	0.4135	−0.437%	$4.8M	$3.2M	75x	as long as short
BingX GRASS-USDT	+0.0100%	4h	0.4157	+0.083%	—	$7.3M	—	as long as short
Variational Omni GRASS	+0.0100%	4h	0.4098	−1.331%	$2.0M	$1.2M	—	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended GRASS-USD	+0.0104%	1h	0.4138	−0.365%	$206K	$907K	10x	as long as short
KuCoin GRASSUSDTM	+0.0138%	4h	0.4144	−0.230%	$1.2M	$1.6M	50x	as long as short
Aster GRASSUSDT	+0.0478%	4h	0.4149	−0.116%	$64K	$221K	10x	as long as short
Kraken Futures PF_GRASSUSDlong	+0.0639%	1h	0.4154	long leg	$148K	$128K	20x
Hyperliquid GRASS	+0.1087%	1h	0.4145	−0.203%	$15.6M	$3.9M	3x	as long as short
Lighter GRASS	+0.1904%	1h	0.4165	+0.266%	$814K	$785K	5x	as long as short