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: Gate against MEXC−0.142%7-day average −0.110% · you buy dearer than you sell

Net, funding: paid 7d − costs−$111as in the Funding arb table

Net, price: spread back to 7d avg − costs−$107as in the Price arb table

costs, in and out, $10k−$1041.037% of the position

Long on MEXC Short on Gate

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 −0.142%, 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: Gate is 0.033% cheaper against MEXC than usual: you would sell low and buy high, −$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	MEXC GRASS_USDT	0.4211	0.0100	pay 0.0050% / 4h	2h 48m	$1.3M	$2.2M	100x
Short	Gate GRASS_USDT	0.4205	0.0100	get 0.0050% / 4h	2h 48m	$1.2M	$1.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.142%Rate

Funding earned: $0
Price spread: −0.142% → −0.110%: −$3.3
Slippage, 4 orders: −$84.73
Fee MEXC: 2 bp × 2 orders: −$4
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$107.03
Costs to cover: 1.037%
Break-even: never at this rate

Slippage from MEXC: live order book, 4 min ago; Gate: 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 MEXC live order book, 4 min ago	1.19 bp	7.6 bp −$8	19.8 bp −$198	88.9 bp −$8,893	doesn't fit
Sell Gate live order book, 4 min ago	7.13 bp	42.4 bp −$42	619.8 bp −$6,198	doesn't fit	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	0.4209	−0.050%	$632	—	15x	as long as short
Injective GRASS/USDC PERP	+0.0033%	1h	0.4267	+1.330%	$7	$23K	5.5x	as long as short
BloFin GRASS-USDT	+0.0089%	4h	0.4216	+0.119%	$534K	$297K	20x	as long as short
Binance GRASSUSDT	+0.0100%	4h	0.4211	0.000%	$10.0M	$27.2M	75x	as long as short
Bybit GRASSUSDT	+0.0100%	4h	0.4207	−0.102%	$23.8M	$15.5M	25x	as long as short
OKX GRASS-USDT-SWAP	+0.0100%	4h	0.4210	−0.024%	$3.2M	$14.1M	20x	as long as short
Gate GRASS_USDTshort	+0.0100%	4h	0.4205	−0.142%	$1.2M	$1.5M	50x
MEXC GRASS_USDTlong	+0.0100%	4h	0.4211	long leg	$1.3M	$2.2M	100x
Bitget GRASSUSDT	+0.0100%	4h	0.4205	−0.145%	$4.9M	$3.0M	75x	as long as short
BingX GRASS-USDT	+0.0100%	4h	0.4208	−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	−0.182%	$2.1M	$1.2M	—	as long as short
Extended GRASS-USD	+0.0104%	1h	0.4206	−0.109%	$213K	$906K	10x	as long as short
KuCoin GRASSUSDTM	+0.0222%	4h	0.4210	−0.024%	$1.3M	$1.5M	50x	as long as short
Aster GRASSUSDT	+0.0593%	4h	0.4205	−0.133%	$68K	$209K	10x	as long as short
Kraken Futures PF_GRASSUSD	+0.0631%	1h	0.4205	−0.145%	$150K	$127K	20x	as long as short
Hyperliquid GRASS	+0.1324%	1h	0.4217	+0.152%	$15.9M	$3.8M	3x	as long as short
Lighter GRASS	+0.2016%	1h	0.4226	+0.351%	$825K	$781K	5x	as long as short