Funding arb · Price arb /

GRIFFAIN

all GRIFFAIN markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0054%/8h= −5.9% APRpaid last 24h −0.117%

Price spread now: Hyperliquid against BloFin−0.269%107s7-day average +0.047% · you buy dearer than you sell

Net, funding: paid 7d − costs−$208as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1481.476% of the position

Long on BloFin Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days−0.608%−$61 on $10k

Price spread, last 4 days (all we have)+0.425%+$42 · spread now −0.269%, 7d avg +0.047%

Together, before fees−0.183%+ Points / potential airdropHyperliquid: Season 2 · farm board−$18 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Hyperliquid is 0.316% cheaper against BloFin than usual: you would sell low and buy high (−$32 if the spread goes back to its 7-day average of +0.047%). Swap the legs. The two prices were read 107 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	BloFin GRIFFAIN-USDT	0.01561	0.0154	pay 0.0077% / 4h	2h 41m	$274K	$12K	20x
Short	Hyperliquid GRIFFAIN	0.01557	0.0100	get 0.0013% / 1h	41m 31s	$1.2M	$103K	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against BloFin. 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 BloFinbpFee HyperliquidbpOrdersPrice spread, now −0.269%Rate

Funding earned: −$11.25
Price spread: −0.269% → +0.047%: −$31.61
Slippage, 4 orders: −$126.59
Fee BloFin: 6 bp × 2 orders: −$12
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$190.45
Costs to cover: 1.476%
Break-even: never at this rate

Slippage from BloFin: live order book, 48 min ago; Hyperliquid: live order book, 9 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 BloFin live order book, 48 min ago	5.09 bp	30.1 bp −$30	doesn't fit	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 9 min ago	11.19 bp	38.7 bp −$39	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	−24.586%	—	—	—	as long as short
Hyperliquid GRIFFAINshort	+0.0100%	1h	0.01557	−0.269%	$1.2M	$103K	3x
Bybit GRIFFAINUSDT	+0.0100%	4h	0.01556	−0.314%	$754K	$481K	25x	as long as short
Gate GRIFFAIN_USDT	+0.0100%	4h	0.01561	+0.006%	$430K	$86K	10x	as long as short
KuCoin GRIFFAINUSDTM	+0.0100%	4h	0.01553	−0.506%	$475K	$44K	20x	as long as short
Bitget GRIFFAINUSDT	+0.0100%	4h	0.01555	−0.378%	$372K	$283K	10x	as long as short
MEXC GRIFFAIN_USDT	+0.0132%	4h	0.01556	−0.314%	$274K	$115K	100x	as long as short
Binance GRIFFAINUSDT	+0.0133%	4h	0.01557	−0.255%	$4.2M	$1.8M	20x	as long as short
BloFin GRIFFAIN-USDTlong	+0.0154%	4h	0.01561	long leg	$274K	$12K	20x
BingX GRIFFAIN-USDT	+0.0154%	4h	0.01559	−0.122%	—	$6.5M	—	as long as short

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster GRIFFAINUSDT	+0.0315%	4h	0.01558	−0.161%	$15K	$19K	5x	as long as short
Kraken Futures PF_GRIFFAINUSD	+0.6412%	1h	0.01562	+0.083%	$17K	$20K	10x	as long as short