Funding arb · Price arb /

GRASS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bitget against MEXC−0.299%7-day average −0.128% · you buy dearer than you sell

Net, funding: paid 7d − costs−$81as in the Funding arb table

Net, price: spread back to 7d avg − costs−$98as in the Price arb table

costs, in and out, $10k−$810.811% of the position

Long on MEXC Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 7 days+0.162%+$16 · spread now −0.299%, 7d avg −0.128%

Together, before fees+0.162%+$16 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: Bitget is 0.171% cheaper against MEXC than usual: you would sell low and buy high, −$17 on $10k if it goes back to its 7-day average of −0.128%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC GRASS_USDT	0.4276	0.0100	pay 0.0050% / 4h	1h 31m	$1.2M	$2.3M	100x
Short	Bitget GRASSUSDT	0.4263	0.0100	get 0.0050% / 4h	1h 31m	$5.0M	$3.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.299%Rate

Funding earned: $0
Price spread: −0.299% → −0.128%: −$17.14
Slippage, 4 orders: −$65.08
Fee MEXC: 2 bp × 2 orders: −$4
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$98.22
Costs to cover: 0.811%
Break-even: never at this rate

Slippage from MEXC: live order book, 1 min ago; Bitget: live order book, 2 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, 1 min ago	1.17 bp	10.5 bp −$11	30.6 bp −$306	95.7 bp −$9,568	doesn't fit
Sell Bitget live order book, 2 min ago	9.47 bp	31.1 bp −$31	doesn't fit	doesn't fit	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	−0.0111%	1h	0.4274	−0.052%	$642	—	15x	as long as short
Kraken Futures PF_GRASSUSD	+0.0004%	1h	0.4278	+0.037%	$153K	$130K	20x	as long as short
Injective GRASS/USDC PERP	+0.0033%	1h	0.4267	−0.210%	$7	$23K	5.5x	as long as short
Binance GRASSUSDT	+0.0100%	4h	0.4276	0.000%	$10.2M	$29.2M	75x	as long as short
Bybit GRASSUSDT	+0.0100%	4h	0.4271	−0.117%	$23.8M	$16.7M	25x	as long as short
OKX GRASS-USDT-SWAP	+0.0100%	4h	0.4274	−0.047%	$3.2M	$15.7M	20x	as long as short
Gate GRASS_USDT	+0.0100%	4h	0.4274	−0.047%	$1.2M	$1.6M	50x	as long as short
MEXC GRASS_USDTlong	+0.0100%	4h	0.4276	long leg	$1.2M	$2.3M	100x
KuCoin GRASSUSDTM	+0.0100%	4h	0.4276	0.000%	$1.3M	$1.7M	50x	as long as short
Bitget GRASSUSDTshort	+0.0100%	4h	0.4263	−0.299%	$5.0M	$3.2M	75x

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX GRASS-USDT	+0.0100%	4h	0.4278	+0.047%	—	$7.3M	—	as long as short
Variational Omni GRASS	+0.0100%	4h	0.4231	−1.060%	$2.1M	$1.2M	—	as long as short
Extended GRASS-USD	+0.0104%	1h	0.4271	−0.116%	$211K	$909K	10x	as long as short
BloFin GRASS-USDT	+0.0114%	4h	0.4282	+0.140%	$542K	$307K	20x	as long as short
Aster GRASSUSDT	+0.0582%	4h	0.4274	−0.053%	$66K	$226K	10x	as long as short
Hyperliquid GRASS	+0.1039%	1h	0.4279	+0.082%	$16.1M	$3.9M	3x	as long as short
Lighter GRASS	+0.1880%	1h	0.4292	+0.381%	$839K	$786K	5x	as long as short