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: Kraken Futures against MEXC+0.376%51s7-day average −0.004% · you sell dearer than you buy

Net, funding: paid 7d − costs+$69as 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 MEXC Short on Kraken Futures

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)−0.272%−$27 · spread now +0.376%, 7d avg −0.004%

Together, before fees+1.762%+$176 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$16 a day on $10k at the current rate, and Kraken Futures is 0.379% dearer against MEXC than usual: you sell high and buy low: +$38 more if the spread goes back to its 7-day average of −0.004%. 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	MEXC GRASS_USDT	0.4138	0.0100	pay 0.0050% / 4h	2h 17m	$1.2M	$2.3M	100x
Short	Kraken Futures PF_GRASSUSD	0.4154	0.0639	get 0.0080% / 1h	17m 30s	$148K	$128K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now +0.376%Rate

Funding earned: $113.11
Price spread: +0.376% → −0.004%: $37.94
Slippage, 4 orders: −$120.32
Fee MEXC: 2 bp × 2 orders: −$4
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $16.73
Costs to cover: 1.343%
Break-even: 6.0 days

Slippage from MEXC: live order book, 4 min ago; Kraken Futures: live order book, 50 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	1.22 bp	10.0 bp −$10	34.9 bp −$349	109.6 bp −$11.0K	doesn't fit
Sell Kraken Futures live order book, 50 min ago	24.95 bp	62.6 bp −$63	doesn't fit	doesn't fit	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	−0.029%	$622	—	15x	as long as short
Injective GRASS/USDC PERP	+0.0033%	1h	0.4267	+3.117%	$7	$23K	5.5x	as long as short
Binance GRASSUSDT	+0.0100%	4h	0.4146	+0.184%	$9.8M	$28.5M	75x	as long as short
Bybit GRASSUSDT	+0.0100%	4h	0.4140	+0.041%	$23.1M	$16.4M	25x	as long as short
OKX GRASS-USDT-SWAP	+0.0100%	4h	0.4140	+0.048%	$3.1M	$14.8M	20x	as long as short
Gate GRASS_USDT	+0.0100%	4h	0.4145	+0.169%	$1.1M	$1.6M	50x	as long as short
MEXC GRASS_USDTlong	+0.0100%	4h	0.4138	long leg	$1.2M	$2.3M	100x
Bitget GRASSUSDT	+0.0100%	4h	0.4135	−0.063%	$4.8M	$3.2M	75x	as long as short
BingX GRASS-USDT	+0.0100%	4h	0.4157	+0.459%	—	$7.3M	—	as long as short
Variational Omni GRASS	+0.0100%	4h	0.4098	−0.961%	$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	+0.010%	$206K	$907K	10x	as long as short
KuCoin GRASSUSDTM	+0.0138%	4h	0.4144	+0.145%	$1.2M	$1.6M	50x	as long as short
Aster GRASSUSDT	+0.0478%	4h	0.4149	+0.259%	$64K	$221K	10x	as long as short
Kraken Futures PF_GRASSUSDshort	+0.0639%	1h	0.4154	+0.376%	$148K	$128K	20x
Hyperliquid GRASS	+0.1087%	1h	0.4145	+0.172%	$15.6M	$3.9M	3x	as long as short
Lighter GRASS	+0.1904%	1h	0.4165	+0.643%	$814K	$785K	5x	as long as short