Funding arb · Price arb /

GRIFFAIN

all GRIFFAIN markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0503%/8h= −55.0% APRpaid last 24h −0.206%

Price spread now: Hyperliquid against Aster+0.201%7-day average — · you sell dearer than you buy

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

Long on Aster Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropAster: Stage 5 · Hyperliquid: Season 2 · farm boardneeds both histories

The price spread pays, funding is against you. Hyperliquid is 0.201% dearer against Aster than usual: you sell high and buy low (spread +0.201% now, against zero (this spread has no 7-day history yet)): +$20 on $10k if it goes back. Holding the pair costs −$15 a day in funding at the current rate, which eats that in about 32 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster GRIFFAINUSDT	0.01540	0.0911	pay 0.0456% / 4h	37m 40s	$15K	$35K	5x
Short	Hyperliquid GRIFFAIN	0.01543	0.0409	get 0.0051% / 1h	37m 40s	$1.2M	$99K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against Aster. 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 AsterbpFee HyperliquidbpOrdersPrice spread, now +0.201%Rate

Funding earned: −$105.57
Price spread: +0.201% → 0.000%: $20.13
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$102.44
Costs to cover: 0.170%
Break-even: from the start

Slippage unknown: Aster: no order-book sample; Hyperliquid: live order book, 3 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 Aster no order-book sample	—	—	—	—	—
Sell Hyperliquid live order book, 3 min ago	11.32 bp	44.1 bp −$44	doesn't fit	doesn't fit	doesn't fit

Aster: 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.

GRIFFAIN on 12 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 GRIFFAINRUSDPERP	0.0000%	1h	0.01177	−23.578%	—	—	—	as long as short
Bybit GRIFFAINUSDT	+0.0100%	4h	0.01542	+0.149%	$727K	$428K	25x	as long as short
Gate GRIFFAIN_USDT	+0.0100%	4h	0.01542	+0.117%	$423K	$80K	10x	as long as short
KuCoin GRIFFAINUSDTM	+0.0100%	4h	0.01540	−0.013%	$485K	$50K	20x	as long as short
Hyperliquid GRIFFAINshort	+0.0409%	1h	0.01543	+0.201%	$1.2M	$99K	3x
BingX GRIFFAIN-USDT	+0.0816%	4h	0.01541	+0.078%	—	$6.5M	—	as long as short
MEXC GRIFFAIN_USDT	+0.0850%	4h	0.01541	+0.052%	$313K	$112K	100x	as long as short
Binance GRIFFAINUSDT	+0.0858%	4h	0.01541	+0.075%	$4.1M	$1.7M	20x	as long as short
Bitget GRIFFAINUSDT	+0.0884%	4h	0.01542	+0.117%	$359K	$254K	10x	as long as short
BloFin GRIFFAIN-USDT	+0.0896%	4h	0.01543	+0.195%	$274K	$12K	20x	as long as short

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster GRIFFAINUSDTlong	+0.0911%	4h	0.01540	long leg	$15K	$35K	5x
Kraken Futures PF_GRIFFAINUSD	+1.5746%	1h	0.01544	+0.214%	$17K	$28K	10x	as long as short