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: Bybit against MEXC−0.104%7-day average −0.166% · you buy dearer than you sell

Net, funding: paid 7d − costs−$68as in the Funding arb table

Net, price: spread back to 7d avg − costs−$53as in the Price arb table

costs, in and out, $10k−$590.592% of the position

Long on MEXC Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.086%−$9 on $10k

Price spread, last 7 days−0.086%−$9 · spread now −0.104%, 7d avg −0.166%

Together, before fees−0.172%−$17 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: Bybit is 0.061% dearer against MEXC than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of −0.166%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC GRASS_USDT	0.4116	0.0100	pay 0.0050% / 4h	2h 20m	$1.2M	$2.3M	100x
Short	Bybit GRASSUSDT	0.4112	0.0100	get 0.0050% / 4h	2h 20m	$22.9M	$16.4M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.104%Rate

Funding earned: $0
Price spread: −0.104% → −0.166%: $6.12
Slippage, 4 orders: −$44.23
Fee MEXC: 2 bp × 2 orders: −$4
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$53.11
Costs to cover: 0.592%
Break-even: never at this rate

Slippage from MEXC: live order book, 1 min ago; Bybit: live order book, 3 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	1.22 bp	10.0 bp −$10	34.9 bp −$349	109.6 bp −$11.0K	doesn't fit
Sell Bybit live order book, 3 min ago	1.22 bp	22.5 bp −$22	50.2 bp −$502	doesn't fit	doesn't fit

GRASS on 16 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	0.4116	−0.004%	$618	—	15x	as long as short
Injective GRASS/USDC PERP	+0.0033%	1h	0.4267	+3.669%	$7	$23K	5.5x	as long as short
Binance GRASSUSDT	+0.0100%	4h	0.4113	−0.078%	$9.7M	$28.4M	75x	as long as short
Bybit GRASSUSDTshort	+0.0100%	4h	0.4112	−0.104%	$22.9M	$16.4M	25x
OKX GRASS-USDT-SWAP	+0.0100%	4h	0.4118	+0.049%	$3.1M	$14.6M	20x	as long as short
Gate GRASS_USDT	+0.0100%	4h	0.4106	−0.243%	$1.1M	$1.6M	50x	as long as short
MEXC GRASS_USDTlong	+0.0100%	4h	0.4116	long leg	$1.2M	$2.3M	100x
Bitget GRASSUSDT	+0.0100%	4h	0.4110	−0.155%	$4.8M	$3.1M	75x	as long as short
BingX GRASS-USDT	+0.0100%	4h	0.4111	−0.121%	—	$7.3M	—	as long as short
Variational Omni GRASS	+0.0100%	4h	0.4098	−0.431%	$2.0M	$1.2M	—	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended GRASS-USD	+0.0104%	1h	0.4111	−0.124%	$204K	$907K	10x	as long as short
KuCoin GRASSUSDTM	+0.0152%	4h	0.4109	−0.170%	$1.2M	$1.6M	50x	as long as short
Aster GRASSUSDT	+0.0424%	4h	0.4106	−0.243%	$63K	$221K	10x	as long as short
Kraken Futures PF_GRASSUSD	+0.0647%	1h	0.4103	−0.326%	$146K	$128K	20x	as long as short
Hyperliquid GRASS	+0.1112%	1h	0.4123	+0.163%	$15.5M	$3.9M	3x	as long as short
Lighter GRASS	+0.1864%	1h	0.4130	+0.350%	$807K	$784K	5x	as long as short