Funding arb · Price arb /

GRASS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h +0.047%

Price spread now: Injective against MEXC+3.217%7-day average — · you sell dearer than you buy

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

Long on MEXC Short on Injective

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

The price spread pays, funding is against you. Injective is 3.217% dearer against MEXC than usual: you sell high and buy low (spread +3.217% now, against zero (this spread has no 7-day history yet)): +$322 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 5 months.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC GRASS_USDT	0.4134	0.0100	pay 0.0050% / 4h	3h 32m	$1.2M	$2.2M	100x
Short	Injective GRASS/USDC PERP	0.4267	0.0033	get 0.0004% / 1h	32m 48s	$7	$23K	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now +3.217%Rate

Funding earned: −$14
Price spread: +3.217% → 0.000%: $321.72
Slippage, 4 orders: no order book: not counted
Fee MEXC: 2 bp × 2 orders: −$4
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $303.7
Costs to cover: 0.040%
Break-even: from the start

Slippage unknown: MEXC: live order book, 4 min ago; Injective: no order-book sample. 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 MEXC live order book, 4 min ago	4.81 bp	8.4 bp −$8	25.3 bp −$253	89.6 bp −$8,961	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

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	−0.0112%	1h	0.4129	−0.129%	$620	—	15x	as long as short
Injective GRASS/USDC PERPshort	+0.0033%	1h	0.4267	+3.217%	$7	$23K	5.5x
BloFin GRASS-USDT	+0.0093%	4h	0.4137	+0.073%	$524K	$299K	20x	as long as short
Binance GRASSUSDT	+0.0100%	4h	0.4134	0.000%	$9.8M	$26.6M	75x	as long as short
Bybit GRASSUSDT	+0.0100%	4h	0.4128	−0.145%	$23.4M	$15.3M	25x	as long as short
OKX GRASS-USDT-SWAP	+0.0100%	4h	0.4129	−0.121%	$3.0M	$13.4M	20x	as long as short
Gate GRASS_USDT	+0.0100%	4h	0.4129	−0.121%	$1.1M	$1.5M	50x	as long as short
MEXC GRASS_USDTlong	+0.0100%	4h	0.4134	long leg	$1.2M	$2.2M	100x
Bitget GRASSUSDT	+0.0100%	4h	0.4128	−0.152%	$4.8M	$3.0M	75x	as long as short
BingX GRASS-USDT	+0.0100%	4h	0.4129	−0.121%	—	$7.3M	—	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	0.4145	+0.263%	$2.0M	$1.2M	—	as long as short
Extended GRASS-USD	+0.0104%	1h	0.4131	−0.075%	$205K	$1.2M	10x	as long as short
KuCoin GRASSUSDTM	+0.0128%	4h	0.4134	0.000%	$1.3M	$1.5M	50x	as long as short
Kraken Futures PF_GRASSUSD	+0.0283%	1h	0.4131	−0.080%	$147K	$127K	20x	as long as short
Hyperliquid GRASS	+0.0496%	1h	0.4141	+0.179%	$15.4M	$3.7M	3x	as long as short
Aster GRASSUSDT	+0.0523%	4h	0.4135	+0.023%	$66K	$214K	10x	as long as short
Lighter GRASS	+0.1920%	1h	0.4150	+0.399%	$810K	$782K	5x	as long as short