GRIFFAIN

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.1037%/8h= −113.6% APRnext payment −$5.19 per $10,000 · paid last 24h −0.187%

Price spread now: Bybit against Binance−0.096%7-day average −0.030% · you buy dearer than you sell

Net, funding: paid 7d − costs−$249as in the Funding arb table

Net, price: spread back to 7d avg − costs−$187as in the Price arb table

costs, in and out, $10k−$1811.808% of the position

Long on Binance Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.683%−$68 on $10k

Price spread, last 7 days+0.081%+$8 · spread now −0.096%, 7d avg −0.030%

Together, before fees−0.601%−$60 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$31 a day on $10k at the current rate, and Bybit is 0.065% cheaper against Binance than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of −0.030%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.683% in total (about -35.6% a year). A funding rate is set anew for every payment; at this rate the next one is about −$5.19 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance GRIFFAINUSDT	0.01538	0.1137	pay 0.0569% / 4h	2h 07m	$4.1M	$1.7M	20x
Short	Bybit GRIFFAINUSDT	0.01536	0.0100	get 0.0050% / 4h	2h 07m	$734K	$402K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Binance. 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 BinancebpFee BybitbpOrdersPrice spread, now −0.096%Rate

Funding earned: −$217.82
Price spread: −0.096% → −0.030%: −$6.55
Slippage, 4 orders: −$159.77
Fee Binance: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$405.15
Costs to cover: 1.808%
Break-even: never at this rate

Slippage from Binance: live order book, 14 min ago; Bybit: live order book, 57 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 Binance live order book, 14 min ago	3.89 bp	37.1 bp −$37	560.7 bp −$5,607	doesn't fit	doesn't fit
Sell Bybit live order book, 57 min ago	5.74 bp	32.3 bp −$32	403.7 bp −$4,037	doesn't fit	doesn't fit

GRIFFAIN on 11 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	−23.450%	—	—	—	as long as short
Hyperliquid GRIFFAIN	+0.0100%	1h	0.01538	+0.034%	$1.2M	$99K	3x	as long as short
Bybit GRIFFAINUSDTshort	+0.0100%	4h	0.01536	−0.096%	$734K	$402K	25x
Gate GRIFFAIN_USDT	+0.0100%	4h	0.01537	−0.063%	$423K	$84K	10x	as long as short
KuCoin GRIFFAINUSDTM	+0.0100%	4h	0.01530	−0.499%	$482K	$49K	20x	as long as short
Bitget GRIFFAINUSDT	+0.0802%	4h	0.01532	−0.369%	$381K	$270K	10x	as long as short
BingX GRIFFAIN-USDT	+0.1060%	4h	0.01538	+0.002%	—	$6.5M	—	as long as short
MEXC GRIFFAIN_USDT	+0.1136%	4h	0.01537	−0.044%	$292K	$114K	100x	as long as short
Binance GRIFFAINUSDTlong	+0.1137%	4h	0.01538	long leg	$4.1M	$1.7M	20x
Aster GRIFFAINUSDT	+0.1272%	4h	0.01533	−0.293%	$15K	$31K	5x	as long as short

Show all 11 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_GRIFFAINUSD	+1.4768%	1h	0.01548	+0.693%	$17K	$24K	10x	as long as short