Funding arb · Price arb /

GRASS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: MEXC against Bybit0.000%7-day average +0.162% · you sell dearer than you buy

Net, funding: paid 7d − costs−$60as in the Funding arb table

Net, price: spread back to 7d avg − costs−$82as in the Price arb table

costs, in and out, $10k−$660.658% of the position

Long on Bybit Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.056%+$6 on $10k

Price spread, last 7 days+0.236%+$24 · spread now 0.000%, 7d avg +0.162%

Together, before fees+0.292%+$29 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 0.162% cheaper against Bybit than usual: you would sell low and buy high, −$16 on $10k if it goes back to its 7-day average of +0.162%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit GRASSUSDT	0.4516	0.0100	pay 0.0050% / 4h	1h 55m	$26.2M	$24.1M	25x
Short	MEXC GRASS_USDT	0.4516	0.0100	get 0.0050% / 4h	1h 55m	$1.9M	$3.5M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Bybit. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 BybitbpFee MEXCbpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → +0.162%: −$16.22
Slippage, 4 orders: −$50.82
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$82.04
Costs to cover: 0.658%
Break-even: never at this rate

Slippage from Bybit: live order book, 1 min ago; MEXC: 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 Bybit live order book, 1 min ago	3.33 bp	24.0 bp −$24	43.9 bp −$439	doesn't fit	doesn't fit
Sell MEXC live order book, 4 min ago	2.22 bp	10.0 bp −$10	37.7 bp −$377	119.3 bp −$11.9K	doesn't fit

GRASS on 17 exchanges

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	−0.0106%	1h	0.4502	−0.319%	$676	—	15x	as long as short
Kraken Futures PF_GRASSUSD	−0.0099%	1h	0.4502	−0.307%	$163K	$176K	20x	as long as short
Injective GRASS/USDC PERP	+0.0033%	1h	0.4267	−5.514%	$7	$23K	5.5x	as long as short
BloFin GRASS-USDT	+0.0080%	4h	0.4521	+0.111%	$580K	$507K	20x	as long as short
Hyperliquid GRASS	+0.0100%	1h	0.4514	−0.049%	$17.2M	$5.3M	3x	as long as short
Binance GRASSUSDT	+0.0100%	4h	0.4517	+0.020%	$10.8M	$47.4M	75x	as long as short
Bybit GRASSUSDTlong	+0.0100%	4h	0.4516	long leg	$26.2M	$24.1M	25x
OKX GRASS-USDT-SWAP	+0.0100%	4h	0.4516	0.000%	$3.5M	$26.2M	20x	as long as short
Gate GRASS_USDT	+0.0100%	4h	0.4509	−0.155%	$1.2M	$2.1M	50x	as long as short
MEXC GRASS_USDTshort	+0.0100%	4h	0.4516	0.000%	$1.9M	$3.5M	100x

Show all 17 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin GRASSUSDTM	+0.0100%	4h	0.4509	−0.155%	$1.4M	$2.6M	50x	as long as short
Bitget GRASSUSDT	+0.0100%	4h	0.4510	−0.133%	$5.3M	$5.1M	75x	as long as short
BingX GRASS-USDT	+0.0100%	4h	0.4513	−0.066%	—	$7.5M	—	as long as short
Variational Omni GRASS	+0.0100%	4h	0.4503	−0.280%	$2.3M	$1.5M	—	as long as short
Extended GRASS-USD	+0.0104%	1h	0.4511	−0.104%	$225K	$1.3M	10x	as long as short
Aster GRASSUSDT	+0.0273%	4h	0.4510	−0.139%	$81K	$400K	10x	as long as short
Lighter GRASS	+0.1056%	1h	0.4527	+0.244%	$877K	$1.1M	5x	as long as short