Funding arb · Price arb /

GRASS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: BingX against MEXC+0.023%7-day average −0.077% · you sell dearer than you buy

Net, funding: paid 7d − costs−$58as in the Funding arb table

Net, price: spread back to 7d avg − costs−$48as in the Price arb table

costs, in and out, $10k−$580.580% of the position

Long on MEXC Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 7 days−0.137%−$14 · spread now +0.023%, 7d avg −0.077%

Together, before fees−0.137%−$14 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: BingX is 0.100% dearer against MEXC than usual: you sell high and buy low, +$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	MEXC GRASS_USDT	0.4369	0.0100	pay 0.0050% / 4h	2h 27m	$1.5M	$2.8M	100x
Short	BingX GRASS-USDT	0.4370	0.0100	get 0.0050% / 4h	2h 27m	—	$7.3M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against MEXC. 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 MEXCbpFee BingXbpOrdersPrice spread, now +0.023%Rate

Funding earned: $0
Price spread: +0.023% → −0.077%: $9.97
Slippage, 4 orders: −$44.02
Fee MEXC: 2 bp × 2 orders: −$4
Fee BingX: 5 bp × 2 orders: −$10
Net: −$48.05
Costs to cover: 0.580%
Break-even: never at this rate

Slippage from MEXC: live order book, 4 min ago; BingX: live order book, 10 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 MEXC live order book, 4 min ago	2.30 bp	9.0 bp −$9	31.1 bp −$311	127.6 bp −$12.8K	doesn't fit
Sell BingX live order book, 10 min ago	4.55 bp	18.3 bp −$18	46.1 bp −$461	240.0 bp −$24.0K	603.8 bp −$301.9K

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	−0.0109%	1h	0.4373	+0.095%	$657	—	15x	as long as short
Injective GRASS/USDC PERP	+0.0033%	1h	0.4267	−2.335%	$7	$23K	5.5x	as long as short
BloFin GRASS-USDT	+0.0087%	4h	0.4402	+0.755%	$566K	$372K	20x	as long as short
Binance GRASSUSDT	+0.0100%	4h	0.4366	−0.062%	$10.3M	$34.2M	75x	as long as short
Bybit GRASSUSDT	+0.0100%	4h	0.4362	−0.160%	$24.8M	$19.0M	25x	as long as short
OKX GRASS-USDT-SWAP	+0.0100%	4h	0.4366	−0.069%	$3.4M	$19.5M	20x	as long as short
Gate GRASS_USDT	+0.0100%	4h	0.4364	−0.114%	$1.2M	$1.8M	50x	as long as short
MEXC GRASS_USDTlong	+0.0100%	4h	0.4369	long leg	$1.5M	$2.8M	100x
KuCoin GRASSUSDTM	+0.0100%	4h	0.4366	−0.069%	$1.3M	$1.9M	50x	as long as short
Bitget GRASSUSDT	+0.0100%	4h	0.4365	−0.087%	$5.1M	$3.6M	75x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX GRASS-USDTshort	+0.0100%	4h	0.4370	+0.023%	—	$7.3M	—
Variational Omni GRASS	+0.0100%	4h	0.4361	−0.176%	$2.2M	$1.3M	—	as long as short
Extended GRASS-USD	+0.0104%	1h	0.4367	−0.039%	$218K	$775K	10x	as long as short
Aster GRASSUSDT	+0.0454%	4h	0.4367	−0.046%	$66K	$294K	10x	as long as short
Hyperliquid GRASS	+0.0484%	1h	0.4368	−0.027%	$16.6M	$4.3M	3x	as long as short
Kraken Futures PF_GRASSUSD	+0.1467%	1h	0.4373	+0.081%	$159K	$147K	20x	as long as short
Lighter GRASS	+0.1680%	1h	0.4388	+0.435%	$847K	$979K	5x	as long as short