Funding arb · Price arb /

GRASS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0241%/8h= +26.4% APRpaid last 24h +0.066%

Price spread now: MEXC against Reya+0.071%7-day average — · you sell dearer than you buy

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

Long on Reya Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropReya: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and MEXC is 0.071% dearer against Reya than usual: you sell high and buy low: +$7 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya GRASSRUSDPERP	0.4216	−0.0113	get 0.0014% / 1h	45m 25s	$633	—	15x
Short	MEXC GRASS_USDT	0.4219	0.0128	get 0.0064% / 4h	45m 25s	$1.2M	$2.0M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Reya. 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 ReyabpFee MEXCbpOrdersPrice spread, now +0.071%Rate

Funding earned: $50.64
Price spread: +0.071% → 0.000%: $7.15
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee MEXC: 2 bp × 2 orders: −$4
Net: $47.78
Costs to cover: 0.100%
Break-even: 0.4 days

Slippage unknown: Reya: no order-book sample; MEXC: live order book, 1 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 Reya no order-book sample	—	—	—	—	—
Sell MEXC live order book, 1 min ago	2.37 bp	12.7 bp −$13	33.1 bp −$331	104.5 bp −$10.4K	doesn't fit

Reya: 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 GRASSRUSDPERPlong	−0.0113%	1h	0.4216	long leg	$633	—	15x
Injective GRASS/USDC PERP	+0.0033%	1h	0.4267	+1.210%	$7	$23K	5.5x	as long as short
Hyperliquid GRASS	+0.0100%	1h	0.4224	+0.190%	$15.7M	$3.5M	3x	as long as short
Bybit GRASSUSDT	+0.0100%	4h	0.4218	+0.048%	$23.8M	$13.8M	25x	as long as short
OKX GRASS-USDT-SWAP	+0.0100%	4h	0.4212	−0.095%	$3.1M	$11.9M	20x	as long as short
Gate GRASS_USDT	+0.0100%	4h	0.4208	−0.189%	$1.1M	$1.5M	50x	as long as short
Bitget GRASSUSDT	+0.0100%	4h	0.4214	−0.040%	$4.9M	$2.7M	75x	as long as short
Variational Omni GRASS	+0.0100%	4h	0.4316	+2.371%	$2.1M	$1.2M	—	as long as short
BloFin GRASS-USDT	+0.0110%	4h	0.4241	+0.593%	$549K	$284K	20x	as long as short
Binance GRASSUSDT	+0.0120%	4h	0.4224	+0.187%	$10.1M	$23.4M	75x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended GRASS-USD	+0.0128%	1h	0.4215	−0.035%	$207K	$823K	10x	as long as short
MEXC GRASS_USDTshort	+0.0128%	4h	0.4219	+0.071%	$1.2M	$2.0M	100x
BingX GRASS-USDT	+0.0166%	4h	0.4213	−0.071%	—	$7.3M	—	as long as short
KuCoin GRASSUSDTM	+0.0194%	4h	0.4227	+0.261%	$1.3M	$1.3M	50x	as long as short
Aster GRASSUSDT	+0.0873%	4h	0.4213	−0.071%	$73K	$197K	10x	as long as short
Kraken Futures PF_GRASSUSD	+0.1374%	1h	0.4248	+0.753%	$150K	$112K	20x	as long as short
Lighter GRASS	+0.1760%	1h	0.4224	+0.202%	$825K	$764K	5x	as long as short