Funding arb · Price arb /

GRASS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Gate against MEXC−0.181%7-day average −0.101% · you buy dearer than you sell

Net, funding: paid 7d − costs−$114as in the Funding arb table

Net, price: spread back to 7d avg − costs−$115as in the Price arb table

costs, in and out, $10k−$1071.070% of the position

Long on MEXC Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.071%−$7 on $10k

Price spread, last 7 days+0.088%+$9 · spread now −0.181%, 7d avg −0.101%

Together, before fees+0.016%+$2 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: Gate is 0.080% cheaper against MEXC than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of −0.101%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC GRASS_USDT	0.4423	0.0100	pay 0.0050% / 4h	2h 12m	$1.6M	$2.8M	100x
Short	Gate GRASS_USDT	0.4415	0.0100	get 0.0050% / 4h	2h 12m	$1.3M	$1.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.181%Rate

Funding earned: $0
Price spread: −0.181% → −0.101%: −$8.01
Slippage, 4 orders: −$87.96
Fee MEXC: 2 bp × 2 orders: −$4
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$114.97
Costs to cover: 1.070%
Break-even: never at this rate

Slippage from MEXC: live order book, 4 min ago; Gate: live order book, 5 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, 4 min ago	3.40 bp	8.6 bp −$9	29.3 bp −$293	102.7 bp −$10.3K	doesn't fit
Sell Gate live order book, 5 min ago	7.94 bp	42.7 bp −$43	1218.1 bp −$12.2K	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	−0.0109%	1h	0.4422	−0.016%	$664	—	15x	as long as short
Injective GRASS/USDC PERP	+0.0033%	1h	0.4267	−3.527%	$7	$23K	5.5x	as long as short
Binance GRASSUSDT	+0.0100%	4h	0.4418	−0.102%	$10.4M	$34.7M	75x	as long as short
Bybit GRASSUSDT	+0.0100%	4h	0.4415	−0.181%	$25.1M	$19.2M	25x	as long as short
OKX GRASS-USDT-SWAP	+0.0100%	4h	0.4414	−0.203%	$3.4M	$20.0M	20x	as long as short
Gate GRASS_USDTshort	+0.0100%	4h	0.4415	−0.181%	$1.3M	$1.8M	50x
MEXC GRASS_USDTlong	+0.0100%	4h	0.4423	long leg	$1.6M	$2.8M	100x
KuCoin GRASSUSDTM	+0.0100%	4h	0.4421	−0.045%	$1.3M	$1.9M	50x	as long as short
Bitget GRASSUSDT	+0.0100%	4h	0.4416	−0.151%	$5.2M	$3.6M	75x	as long as short
BingX GRASS-USDT	+0.0100%	4h	0.4418	−0.113%	—	$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	0.4413	−0.220%	$2.2M	$1.3M	—	as long as short
Extended GRASS-USD	+0.0104%	1h	0.4419	−0.096%	$220K	$775K	10x	as long as short
BloFin GRASS-USDT	+0.0141%	4h	0.4428	+0.113%	$556K	$377K	20x	as long as short
Aster GRASSUSDT	+0.0465%	4h	0.4417	−0.136%	$64K	$300K	10x	as long as short
Hyperliquid GRASS	+0.0474%	1h	0.4428	+0.118%	$16.8M	$4.4M	3x	as long as short
Kraken Futures PF_GRASSUSD	+0.1447%	1h	0.4431	+0.188%	$161K	$147K	20x	as long as short
Lighter GRASS	+0.1688%	1h	0.4437	+0.307%	$856K	$983K	5x	as long as short