GRASS arbitrage explained
Right now Grass (GRASS) trades on 10 venues we scan: 10 perpetual markets, 6 spot markets and 0 DEX pools. The lowest ask is on Bybit spot at $0.6193 and the highest bid on MEXC perp at $0.6205.
The widest GRASS perpetual spread is between Bybit and MEXC: long GRASS on Bybit at $0.6194 and short on MEXC at $0.6205 for +0.18% gross, or +0.02% after the 0.16% two-leg fee model. No transfer is needed: both positions stay on their exchanges until the prices converge. The funding difference on this pair is 0.000% per day, which the position collects while it is open.
For a spot–perpetual (cash-and-carry) trade, the best GRASS route is to buy spot on Bybit and short the perpetual on MEXC: +0.19% gross, -0.01% net, with +0.030% a day of funding on the short leg.
Spot–spot GRASS arbitrage (buy on Bybit, withdraw, deposit and sell on Gate) shows +0.10% gross right now. It only works if withdrawals on the buying exchange and deposits on the selling exchange are open, so check the D/W dots before moving coins.
Small GRASS gaps usually disappear after fees, slippage and funding. Look at the Net column, the executable Depth and the spread history before trading: a gap that has been open for days is a different trade from a one-minute spike.
Related: GRASS funding rates · GRASS spread charts · Grass price · arbitrage scanner for all coins.