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: MEXC against OKX+0.023%7-day average +0.075% · you sell dearer than you buy

Net, funding: paid 7d − costs−$59as in the Funding arb table

Net, price: spread back to 7d avg − costs−$65as in the Price arb table

costs, in and out, $10k−$600.600% of the position

Long on OKX Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.008%+$1 on $10k

Price spread, last 7 days+0.132%+$13 · spread now +0.023%, 7d avg +0.075%

Together, before fees+0.140%+$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: MEXC is 0.051% cheaper against OKX than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of +0.075%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX GRASS-USDT-SWAP	0.4267	0.0100	pay 0.0050% / 4h	3h 46m	$3.4M	$17.0M	20x
Short	MEXC GRASS_USDT	0.4268	0.0100	get 0.0050% / 4h	3h 46m	$1.5M	$2.5M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against OKX. 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 OKXbpFee MEXCbpOrdersPrice spread, now +0.023%Rate

Funding earned: $0
Price spread: +0.023% → +0.075%: −$5.12
Slippage, 4 orders: −$45.96
Fee OKX: 5 bp × 2 orders: −$10
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$65.08
Costs to cover: 0.600%
Break-even: never at this rate

Slippage from OKX: live order book, 2 min ago; MEXC: live order book, 1 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 OKX live order book, 2 min ago	4.66 bp	19.9 bp −$20	65.4 bp −$654	doesn't fit	doesn't fit
Sell MEXC live order book, 1 min ago	3.50 bp	11.6 bp −$12	34.2 bp −$342	103.5 bp −$10.3K	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	0.4287	+0.465%	$644	—	15x	as long as short
Injective GRASS/USDC PERP	+0.0033%	1h	0.4267	0.000%	$7	$23K	5.5x	as long as short
Binance GRASSUSDT	+0.0100%	4h	0.4270	+0.080%	$10.1M	$30.9M	75x	as long as short
Bybit GRASSUSDT	+0.0100%	4h	0.4264	−0.070%	$23.9M	$17.4M	25x	as long as short
OKX GRASS-USDT-SWAPlong	+0.0100%	4h	0.4267	long leg	$3.4M	$17.0M	20x
Gate GRASS_USDT	+0.0100%	4h	0.4265	−0.047%	$1.2M	$1.6M	50x	as long as short
MEXC GRASS_USDTshort	+0.0100%	4h	0.4268	+0.023%	$1.5M	$2.5M	100x
KuCoin GRASSUSDTM	+0.0100%	4h	0.4270	+0.070%	$1.2M	$1.7M	50x	as long as short
Bitget GRASSUSDT	+0.0100%	4h	0.4262	−0.110%	$5.0M	$3.3M	75x	as long as short
BingX GRASS-USDT	+0.0100%	4h	0.4264	−0.070%	—	$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	0.4283	+0.381%	$2.1M	$1.3M	—	as long as short
Extended GRASS-USD	+0.0104%	1h	0.4280	+0.300%	$212K	$890K	10x	as long as short
BloFin GRASS-USDT	+0.0124%	4h	0.4288	+0.492%	$547K	$327K	20x	as long as short
Kraken Futures PF_GRASSUSD	+0.0328%	1h	0.4281	+0.335%	$155K	$141K	20x	as long as short
Hyperliquid GRASS	+0.0364%	1h	0.4268	+0.030%	$16.2M	$4.1M	3x	as long as short
Aster GRASSUSDT	+0.0409%	4h	0.4278	+0.254%	$58K	$244K	10x	as long as short
Lighter GRASS	+0.1184%	1h	0.4290	+0.541%	$834K	$966K	5x	as long as short