Funding arb · Price arb /

GRASS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h −0.047%

Price spread now: MEXC against Injective+4.804%70s7-day average — · you sell dearer than you buy

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

Long on Injective Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

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

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and MEXC is 4.804% dearer against Injective than usual: you sell high and buy low: +$480 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 70 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	Injective GRASS/USDC PERP	0.4267	0.0033	pay 0.0004% / 1h	20m 10s	$7	$23K	5.5x
Short	MEXC GRASS_USDT	0.4472	0.0100	get 0.0050% / 4h	20m 10s	$1.6M	$2.9M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Injective. 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 InjectivebpFee MEXCbpOrdersPrice spread, now +4.804%Rate

Funding earned: $14
Price spread: +4.804% → 0.000%: $480.43
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee MEXC: 2 bp × 2 orders: −$4
Net: $490.41
Costs to cover: 0.040%
Break-even: from the start

Slippage unknown: Injective: no order-book sample; MEXC: live order book, 2 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 Injective no order-book sample	—	—	—	—	—
Sell MEXC live order book, 2 min ago	2.24 bp	11.8 bp −$12	47.7 bp −$477	125.6 bp −$12.6K	doesn't fit

Injective: 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 GRASSRUSDPERP	−0.0107%	1h	0.4467	+4.677%	$671	—	15x	as long as short
Injective GRASS/USDC PERPlong	+0.0033%	1h	0.4267	long leg	$7	$23K	5.5x
Binance GRASSUSDT	+0.0100%	4h	0.4474	+4.839%	$10.5M	$38.1M	75x	as long as short
Bybit GRASSUSDT	+0.0100%	4h	0.4475	+4.882%	$25.8M	$20.9M	25x	as long as short
OKX GRASS-USDT-SWAP	+0.0100%	4h	0.4474	+4.851%	$3.5M	$22.5M	20x	as long as short
Gate GRASS_USDT	+0.0100%	4h	0.4464	+4.617%	$1.3M	$1.9M	50x	as long as short
MEXC GRASS_USDTshort	+0.0100%	4h	0.4472	+4.804%	$1.6M	$2.9M	100x
KuCoin GRASSUSDTM	+0.0100%	4h	0.4470	+4.757%	$1.3M	$2.1M	50x	as long as short
Bitget GRASSUSDT	+0.0100%	4h	0.4467	+4.685%	$5.2M	$4.0M	75x	as long as short
BingX GRASS-USDT	+0.0100%	4h	0.4472	+4.804%	—	$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	0.4468	+4.704%	$2.2M	$1.4M	—	as long as short
Extended GRASS-USD	+0.0104%	1h	0.4474	+4.847%	$225K	$1.3M	10x	as long as short
BloFin GRASS-USDT	+0.0145%	4h	0.4471	+4.781%	$564K	$398K	20x	as long as short
Aster GRASSUSDT	+0.0436%	4h	0.4466	+4.654%	$61K	$329K	10x	as long as short
Hyperliquid GRASS	+0.0506%	1h	0.4473	+4.837%	$17.0M	$4.7M	3x	as long as short
Kraken Futures PF_GRASSUSD	+0.0974%	1h	0.4476	+4.889%	$161K	$162K	20x	as long as short
Lighter GRASS	+0.1192%	1h	0.4492	+5.273%	$866K	$1.0M	5x	as long as short