GRASS

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0031%/8h= −3.4% APRnext payment −$0.15 per $10,000 · paid last 24h +0.005%

Price spread now: BloFin against MEXC+0.490%94s7-day average +0.031% · you sell dearer than you buy

Net, funding: paid 7d − costs−$66as 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−$660.663% of the position

Long on MEXC Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.004%$0 on $10k

Price spread, last 4 days (all we have)−0.460%−$46 · spread now +0.490%, 7d avg +0.031%

Together, before fees−0.456%−$46 on $10k · with fees, hour by hour

The price spread pays, funding is against you. BloFin is 0.459% dearer against MEXC than usual: you sell high and buy low (spread +0.490% now, against its 7-day average of +0.031%): +$46 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 50 days. The two prices were read 94 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	MEXC GRASS_USDT	0.4288	0.0100	pay 0.0050% / 4h	3h 47m	$1.5M	$2.5M	100x
Short	BloFin GRASS-USDT	0.4309	0.0069	get 0.0035% / 4h	3h 47m	$550K	$329K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.490%Rate

Funding earned: −$6.46
Price spread: +0.490% → +0.031%: $45.85
Slippage, 4 orders: −$50.29
Fee MEXC: 2 bp × 2 orders: −$4
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$26.9
Costs to cover: 0.663%
Break-even: never at this rate

Slippage from MEXC: live order book, 3 min ago; BloFin: live order book, 48 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, 3 min ago	3.51 bp	13.8 bp −$14	32.5 bp −$325	92.4 bp −$9,235	doesn't fit
Sell BloFin live order book, 48 min ago	2.36 bp	17.3 bp −$17	31.6 bp −$316	163.3 bp −$16.3K	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	−0.0110%	1h	0.4297	+0.203%	$646	—	15x	as long as short
Injective GRASS/USDC PERP	+0.0033%	1h	0.4267	−0.490%	$7	$23K	5.5x	as long as short
BloFin GRASS-USDTshort	+0.0069%	4h	0.4309	+0.490%	$550K	$329K	20x
Binance GRASSUSDT	+0.0100%	4h	0.4286	−0.047%	$10.1M	$30.9M	75x	as long as short
Bybit GRASSUSDT	+0.0100%	4h	0.4281	−0.159%	$24.1M	$17.4M	25x	as long as short
OKX GRASS-USDT-SWAP	+0.0100%	4h	0.4282	−0.140%	$3.4M	$17.0M	20x	as long as short
Gate GRASS_USDT	+0.0100%	4h	0.4282	−0.140%	$1.2M	$1.6M	50x	as long as short
MEXC GRASS_USDTlong	+0.0100%	4h	0.4288	long leg	$1.5M	$2.5M	100x
KuCoin GRASSUSDTM	+0.0100%	4h	0.4282	−0.140%	$1.2M	$1.7M	50x	as long as short
Bitget GRASSUSDT	+0.0100%	4h	0.4280	−0.189%	$5.0M	$3.3M	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-USDT	+0.0100%	4h	0.4284	−0.093%	—	$7.3M	—	as long as short
Variational Omni GRASS	+0.0100%	4h	0.4273	−0.356%	$2.1M	$1.3M	—	as long as short
Extended GRASS-USD	+0.0104%	1h	0.4281	−0.174%	$212K	$890K	10x	as long as short
Kraken Futures PF_GRASSUSD	+0.0327%	1h	0.4300	+0.288%	$154K	$138K	20x	as long as short
Hyperliquid GRASS	+0.0379%	1h	0.4289	+0.019%	$16.3M	$4.1M	3x	as long as short
Aster GRASSUSDT	+0.0417%	4h	0.4290	+0.038%	$58K	$243K	10x	as long as short
Lighter GRASS	+0.1352%	1h	0.4299	+0.254%	$836K	$966K	5x	as long as short