GRIFFAIN

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0720%/8h= −78.8% APRnext payment −$3.60 per $10,000 · paid last 24h −0.224%

Price spread now: Gate against Bitget+0.019%7-day average −0.045% · you sell dearer than you buy

Net, funding: paid 7d − costs−$1,013as in the Funding arb table

Net, price: spread back to 7d avg − costs−$997as in the Price arb table

costs, in and out, $10k−$1,00310.031% of the position

Long on Bitget Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.094%−$9 on $10k

Price spread, last 4 days (all we have)−0.184%−$18 · spread now +0.019%, 7d avg −0.045%

Together, before fees−0.278%−$28 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Gate is 0.065% dearer against Bitget than usual: you sell high and buy low (spread +0.019% now, against its 7-day average of −0.045%): +$6 on $10k if it goes back. Holding the pair costs −$22 a day in funding at the current rate, which eats that in about 7 hours. At the pace of the last 7 days (−0.094% in total) that is about 4.8 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.094% in total (about -4.9% a year). A funding rate is set anew for every payment; at this rate the next one is about −$3.60 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	Bitget GRIFFAINUSDT	0.01543	0.0820	pay 0.0410% / 4h	2h 10m	$374K	$264K	10x
Short	Gate GRIFFAIN_USDT	0.01543	0.0100	get 0.0050% / 4h	2h 10m	$425K	$83K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Bitget. 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 BitgetbpFee GatebpOrdersPrice spread, now +0.019%Rate

Funding earned: −$151.2
Price spread: +0.019% → −0.045%: $6.46
Slippage, 4 orders: −$976.14
Fee Bitget: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$1,147.88
Costs to cover: 10.031%
Break-even: never at this rate

Slippage from Bitget: live order book, 50 min ago; Gate: live order book, 55 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 Bitget live order book, 50 min ago	9.67 bp	51.8 bp −$52	711.5 bp −$7,115	doesn't fit	doesn't fit
Sell Gate live order book, 55 min ago	15.34 bp	570.5 bp −$571	doesn't fit	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	−23.714%	—	—	—	as long as short
Hyperliquid GRIFFAIN	+0.0100%	1h	0.01545	+0.097%	$1.2M	$99K	3x	as long as short
Bybit GRIFFAINUSDT	+0.0100%	4h	0.01544	+0.045%	$737K	$400K	25x	as long as short
Gate GRIFFAIN_USDTshort	+0.0100%	4h	0.01543	+0.019%	$425K	$83K	10x
KuCoin GRIFFAINUSDTM	+0.0100%	4h	0.01539	−0.259%	$485K	$48K	20x	as long as short
Bitget GRIFFAINUSDTlong	+0.0820%	4h	0.01543	long leg	$374K	$264K	10x
BingX GRIFFAIN-USDT	+0.1060%	4h	0.01543	−0.013%	—	$6.6M	—	as long as short
MEXC GRIFFAIN_USDT	+0.1124%	4h	0.01543	0.000%	$302K	$113K	100x	as long as short
Binance GRIFFAINUSDT	+0.1137%	4h	0.01544	+0.032%	$4.1M	$1.7M	20x	as long as short
Aster GRIFFAINUSDT	+0.1271%	4h	0.01542	−0.072%	$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	+1.4727%	1h	0.01553	+0.625%	$17K	$24K	10x	as long as short