Funding arb · Price arb /

GRIFFAIN

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0960%/8h= −105.1% APRpaid last 24h —

Price spread now: Reya against BingX−24.862%50s7-day average — · you buy dearer than you sell

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

Long on BingX Short on Reya

What this pair did over the last

the charts below follow

Funding, last 7 days—no history yet

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

Together, before fees—+ Points / potential airdropReya: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$29 a day on $10k at the current rate, and Reya is 24.862% cheaper against BingX than usual: you would sell low and buy high (−$2,486 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX GRIFFAIN-USDT	0.01567	0.0960	pay 0.0480% / 4h	1h 14m	—	$6.6M	—
Short	Reya GRIFFAINRUSDPERP	0.01177	0	get 0.0000% / 1h	14m 38s	—	—	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against BingX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 BingXbpFee ReyabpOrdersPrice spread, now −24.862%Rate

Funding earned: −$201.6
Price spread: −24.862% → 0.000%: −$2,486.22
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee Reya: 3 bp × 2 orders: −$6
Net: −$2,703.82
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: BingX: live order book, 2 min ago; Reya: no order-book sample. 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 BingX live order book, 2 min ago	5.40 bp	34.2 bp −$34	322.1 bp −$3,221	533.2 bp −$53.3K	840.9 bp −$420.4K
Sell Reya no order-book sample	—	—	—	—	—

Reya: 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 GRIFFAINRUSDPERPshort	0.0000%	1h	0.01177	−24.862%	—	—	—
Bybit GRIFFAINUSDT	+0.0100%	4h	0.01565	−0.115%	$769K	$444K	25x	as long as short
Gate GRIFFAIN_USDT	+0.0100%	4h	0.01564	−0.185%	$430K	$86K	10x	as long as short
KuCoin GRIFFAINUSDTM	+0.0100%	4h	0.01563	−0.230%	$493K	$49K	20x	as long as short
Hyperliquid GRIFFAIN	+0.0468%	1h	0.01568	+0.070%	$1.2M	$99K	3x	as long as short
Bitget GRIFFAINUSDT	+0.0566%	4h	0.01567	+0.026%	$378K	$286K	10x	as long as short
BloFin GRIFFAIN-USDT	+0.0927%	4h	0.01566	−0.032%	$279K	$12K	20x	as long as short
MEXC GRIFFAIN_USDT	+0.0954%	4h	0.01566	−0.038%	$302K	$115K	100x	as long as short
Binance GRIFFAINUSDT	+0.0956%	4h	0.01565	−0.089%	$4.2M	$1.8M	20x	as long as short
BingX GRIFFAIN-USDTlong	+0.0960%	4h	0.01567	long leg	—	$6.6M	—

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster GRIFFAINUSDT	+0.1129%	4h	0.01562	−0.318%	$15K	$31K	5x	as long as short
Kraken Futures PF_GRIFFAINUSD	+3.9390%	1h	0.01577	+0.676%	$18K	$23K	10x	as long as short