Funding arb · Price arb /

GRIFFAIN

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0365%/8h= −39.9% APRpaid last 24h −0.160%

Price spread now: Hyperliquid against Binance+0.099%7-day average +0.045% · you sell dearer than you buy

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

Long on Binance Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days−0.572%−$57 on $10k

Price spread, last 7 days−0.014%−$1 · spread now +0.099%, 7d avg +0.045%

Together, before fees−0.587%+ Points / potential airdropHyperliquid: Season 2 · farm board−$59 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Hyperliquid is 0.054% dearer against Binance than usual: you sell high and buy low (spread +0.099% now, against its 7-day average of +0.045%): +$5 on $10k if it goes back. Holding the pair costs −$11 a day in funding at the current rate, which eats that in about 12 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance GRIFFAINUSDT	0.01520	0.0465	pay 0.0232% / 4h	2h 40m	$4.1M	$1.6M	20x
Short	Hyperliquid GRIFFAIN	0.01522	0.0100	get 0.0013% / 1h	40m 41s	$1.2M	$88K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid 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 HyperliquidbpOrdersPrice spread, now +0.099%Rate

Funding earned: −$76.59
Price spread: +0.099% → +0.045%: $5.37
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$90.22
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: Binance: live order book, 11 min ago; Hyperliquid: live order book, 10 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 Binance live order book, 11 min ago	2.30 bp	46.0 bp −$46	537.1 bp −$5,371	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 10 min ago	5.58 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit

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	−22.576%	—	—	—	as long as short
Hyperliquid GRIFFAINshort	+0.0100%	1h	0.01522	+0.099%	$1.2M	$88K	3x
Bybit GRIFFAINUSDT	+0.0100%	4h	0.01521	+0.059%	$708K	$390K	25x	as long as short
Gate GRIFFAIN_USDT	+0.0100%	4h	0.01520	−0.033%	$419K	$79K	10x	as long as short
KuCoin GRIFFAINUSDTM	+0.0100%	4h	0.01519	−0.086%	$471K	$49K	20x	as long as short
Aster GRIFFAINUSDT	+0.0349%	4h	0.01520	−0.028%	$15K	$32K	5x	as long as short
MEXC GRIFFAIN_USDT	+0.0464%	4h	0.01521	+0.046%	$303K	$110K	100x	as long as short
Binance GRIFFAINUSDTlong	+0.0465%	4h	0.01520	long leg	$4.1M	$1.6M	20x
BloFin GRIFFAIN-USDT	+0.0481%	4h	0.01521	+0.046%	$275K	$12K	20x	as long as short
BingX GRIFFAIN-USDT	+0.0786%	4h	0.01521	+0.039%	—	$6.6M	—	as long as short

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget GRIFFAINUSDT	+0.0800%	4h	0.01521	+0.046%	$367K	$236K	10x	as long as short
Kraken Futures PF_GRIFFAINUSD	+0.9082%	1h	0.01531	+0.723%	$17K	$30K	10x	as long as short