Funding arb · Price arb /

GRIFFAIN

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+1.0052%/8h= +1100.7% APRpaid last 24h +4.204%

Price spread now: Kraken Futures against BloFin+0.962%7-day average — · you sell dearer than you buy

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

Long on BloFin Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

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

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$302 a day on $10k at the current rate, and Kraken Futures is 0.962% dearer against BloFin than usual: you sell high and buy low: +$96 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin GRIFFAIN-USDT	0.01612	0.0108	pay 0.0054% / 4h	8m 42s	$276K	$9K	20x
Short	Kraken Futures PF_GRIFFAINUSD	0.01628	1.0161	get 0.1270% / 1h	8m 42s	$18K	$8K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now +0.962%Rate

Funding earned: $2,110.95
Price spread: +0.962% → 0.000%: $96.24
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $2,185.19
Costs to cover: 0.220%
Break-even: from the start

Slippage unknown: BloFin: live order book, 26 min ago; Kraken Futures: 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 BloFin live order book, 26 min ago	4.10 bp	39.0 bp −$39	doesn't fit	doesn't fit	doesn't fit
Sell Kraken Futures no order-book sample	—	—	—	—	—

Kraken Futures: 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 exchanges

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	−26.984%	—	—	—	as long as short
Bybit GRIFFAINUSDT	+0.0100%	4h	0.01616	+0.267%	$810K	$487K	25x	as long as short
Gate GRIFFAIN_USDT	+0.0100%	4h	0.01616	+0.236%	$449K	$73K	10x	as long as short
KuCoin GRIFFAINUSDTM	+0.0100%	4h	0.01610	−0.130%	$527K	$50K	20x	as long as short
BingX GRIFFAIN-USDT	+0.0100%	4h	0.01617	+0.279%	—	$6.5M	—	as long as short
BloFin GRIFFAIN-USDTlong	+0.0108%	4h	0.01612	long leg	$276K	$9K	20x
Bitget GRIFFAINUSDT	+0.0114%	4h	0.01617	+0.304%	$382K	$253K	10x	as long as short
MEXC GRIFFAIN_USDT	+0.0184%	4h	0.01616	+0.242%	$290K	$118K	100x	as long as short
Binance GRIFFAINUSDT	+0.0185%	4h	0.01616	+0.242%	$4.4M	$1.6M	20x	as long as short
Aster GRIFFAINUSDT	+0.0386%	4h	0.01605	−0.444%	$15K	$18K	5x	as long as short

Show all 12 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid GRIFFAIN	+0.0402%	1h	0.01617	+0.279%	$1.2M	$92K	3x	as long as short
Kraken Futures PF_GRIFFAINUSDshort	+1.0161%	1h	0.01628	+0.962%	$18K	$8K	10x