Funding arb · Price arb /

GRASS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0208%/8h= +22.8% APRpaid last 24h +0.065%

Price spread now: MEXC against Reya+0.173%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Reya Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropReya: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and MEXC is 0.173% dearer against Reya than usual: you sell high and buy low: +$17 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya GRASSRUSDPERP	0.4418	−0.0108	get 0.0014% / 1h	3m 47s	$664	—	15x
Short	MEXC GRASS_USDT	0.4426	0.0100	get 0.0050% / 4h	2h 03m	$1.6M	$2.8M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Reya. 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 ReyabpFee MEXCbpOrdersPrice spread, now +0.173%Rate

Funding earned: $43.78
Price spread: +0.173% → 0.000%: $17.31
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee MEXC: 2 bp × 2 orders: −$4
Net: $51.09
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: Reya: no order-book sample; MEXC: live order book, 3 min ago. Net counts fees only.

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 Reya no order-book sample	—	—	—	—	—
Sell MEXC live order book, 3 min ago	3.38 bp	8.3 bp −$8	34.0 bp −$340	125.3 bp −$12.5K	doesn't fit

Reya: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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 GRASSRUSDPERPlong	−0.0108%	1h	0.4418	long leg	$664	—	15x
Injective GRASS/USDC PERP	+0.0033%	1h	0.4267	−3.425%	$7	$23K	5.5x	as long as short
Binance GRASSUSDT	+0.0100%	4h	0.4426	+0.178%	$10.4M	$34.9M	75x	as long as short
Bybit GRASSUSDT	+0.0100%	4h	0.4421	+0.060%	$25.2M	$19.3M	25x	as long as short
OKX GRASS-USDT-SWAP	+0.0100%	4h	0.4420	+0.037%	$3.4M	$20.2M	20x	as long as short
Gate GRASS_USDT	+0.0100%	4h	0.4423	+0.105%	$1.3M	$1.8M	50x	as long as short
MEXC GRASS_USDTshort	+0.0100%	4h	0.4426	+0.173%	$1.6M	$2.8M	100x
KuCoin GRASSUSDTM	+0.0100%	4h	0.4425	+0.150%	$1.4M	$1.9M	50x	as long as short
Bitget GRASSUSDT	+0.0100%	4h	0.4420	+0.037%	$5.2M	$3.6M	75x	as long as short
BingX GRASS-USDT	+0.0100%	4h	0.4425	+0.150%	—	$7.4M	—	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	0.4433	+0.325%	$2.2M	$1.4M	—	as long as short
Extended GRASS-USD	+0.0104%	1h	0.4421	+0.065%	$222K	$769K	10x	as long as short
BloFin GRASS-USDT	+0.0149%	4h	0.4428	+0.218%	$549K	$377K	20x	as long as short
Aster GRASSUSDT	+0.0459%	4h	0.4429	+0.232%	$64K	$299K	10x	as long as short
Hyperliquid GRASS	+0.0460%	1h	0.4427	+0.187%	$16.8M	$4.4M	3x	as long as short
Kraken Futures PF_GRASSUSD	+0.1450%	1h	0.4423	+0.112%	$159K	$152K	20x	as long as short
Lighter GRASS	+0.1680%	1h	0.4441	+0.513%	$857K	$983K	5x	as long as short