Funding you earn now, next payment 04:00 UTC−0.1300%/8h= −142.3% APRnext payment −$6.50 per $10,000 · paid last 24h −0.216%
Price spread now: Gate against BingX−0.097%7-day average −0.125% · you buy dearer than you sell
Net, funding: paid 7d − costs−$1,020as in the Funding arb table
Net, price: spread back to 7d avg − costs−$975as in the Price arb table
costs, in and out, $10k−$9779.774% of the position
Funding, last 7 days−0.425%−$42 on $10k
+Price spread, last 4 days (all we have)−0.093%−$9 · spread now −0.097%, 7d avg −0.125%
=The price spread pays, funding is against you. Gate is 0.028% dearer against BingX than usual: you sell high and buy low (spread −0.097% now, against its 7-day average of −0.125%): +$3 on $10k if it goes back. Holding the pair costs −$39 a day in funding at the current rate, which eats that in about 2 hours. At the pace of the last 7 days (−0.425% in total) that is about 11 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.425% in total (about -22.2% a year). A funding rate is set anew for every payment; at this rate the next one is about −$6.50 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 | BingX GRIFFAIN-USDT | 0.01545 | 0.1400 | pay 0.0700% / 4h | 2h 55m | — | $6.6M | — |
| Short | Gate GRIFFAIN_USDT | 0.01543 | 0.0100 | get 0.0050% / 4h | 2h 55m | $423K | $81K | 10x |
BingX GRIFFAIN-USDT
Gate GRIFFAIN_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate against BingX. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$273
- Price spread: −0.097% → −0.125%
- $2.76
- Slippage, 4 orders
- −$952.42
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$1,247.67
- Costs to cover
- 9.774%
- Break-even
- never at this rate
Slippage from BingX: live order book, 10 min ago; Gate: live order book, 10 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 BingX live order book, 10 min ago | 7.99 bp | 42.6 bp −$43 | 397.0 bp −$3,970 | 660.4 bp −$66.0K | 971.5 bp −$485.7K |
| Sell Gate live order book, 10 min ago | 15.34 bp | 570.5 bp −$571 | 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 | −23.788% | — | — | — | as long as short |
| Gate GRIFFAIN_USDTshort | +0.0100% | 4h | 0.01543 | −0.097% | $423K | $81K | 10x | |
| KuCoin GRIFFAINUSDTM | +0.0100% | 4h | 0.01539 | −0.356% | $485K | $49K | 20x | as long as short |
| Hyperliquid GRIFFAIN | +0.0173% | 1h | 0.01547 | +0.175% | $1.2M | $99K | 3x | as long as short |
| Bybit GRIFFAINUSDT | +0.0873% | 4h | 0.01547 | +0.142% | $733K | $396K | 25x | as long as short |
| Bitget GRIFFAINUSDT | +0.1090% | 4h | 0.01545 | +0.032% | $363K | $253K | 10x | as long as short |
| MEXC GRIFFAIN_USDT | +0.1372% | 4h | 0.01544 | −0.032% | $303K | $111K | 100x | as long as short |
| Binance GRIFFAINUSDT | +0.1373% | 4h | 0.01545 | +0.057% | $4.2M | $1.7M | 20x | as long as short |
| BloFin GRIFFAIN-USDT | +0.1394% | 4h | 0.01546 | +0.129% | $275K | $11K | 20x | as long as short |
| BingX GRIFFAIN-USDTlong | +0.1400% | 4h | 0.01545 | long leg | — | $6.6M | — |
Reya GRIFFAINRUSDPERP
KuCoin GRIFFAINUSDTM
Hyperliquid GRIFFAIN
Bybit GRIFFAINUSDT
Bitget GRIFFAINUSDT
MEXC GRIFFAIN_USDT
Binance GRIFFAINUSDT
BloFin GRIFFAIN-USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster GRIFFAINUSDT | +0.1494% | 4h | 0.01545 | +0.062% | $15K | $31K | 5x | as long as short |
| Kraken Futures PF_GRIFFAINUSD | +1.4732% | 1h | 0.01552 | +0.489% | $17K | $25K | 10x | as long as short |
Aster GRIFFAINUSDT
Kraken Futures PF_GRIFFAINUSD