GRIFFAIN

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.1037%/8h= −113.5% APRnext payment −$5.18 per $10,000 · paid last 24h −0.182%

Price spread now: KuCoin against BloFin−0.335%65s7-day average −0.274% · you buy dearer than you sell

Net, funding: paid 7d − costs−$364as 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−$2972.968% of the position

Long on BloFin Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.669%−$67 on $10k

Price spread, last 3 days (all we have)+0.140%+$14 · spread now −0.335%, 7d avg −0.274%

Together, before fees−0.529%−$53 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$31 a day on $10k at the current rate, and KuCoin is 0.061% cheaper against BloFin than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of −0.274%). Swap the legs. The two prices were read 65 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.669% in total (about -34.9% a year). A funding rate is set anew for every payment; at this rate the next one is about −$5.18 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	BloFin GRIFFAIN-USDT	0.01554	0.1137	pay 0.0568% / 4h	3h 34m	$273K	$11K	20x
Short	KuCoin GRIFFAINUSDTM	0.01549	0.0100	get 0.0050% / 4h	3h 34m	$488K	$49K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.335%Rate

Funding earned: −$217.73
Price spread: −0.335% → −0.274%: −$6.09
Slippage, 4 orders: −$272.78
Fee BloFin: 6 bp × 2 orders: −$12
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$520.6
Costs to cover: 2.968%
Break-even: never at this rate

Slippage from BloFin: live order book, 32 min ago; KuCoin: live order book, 18 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, 32 min ago	3.25 bp	30.0 bp −$30	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 18 min ago	3.24 bp	95.8 bp −$96	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	−24.266%	—	—	—	as long as short
Hyperliquid GRIFFAIN	+0.0100%	1h	0.01554	−0.045%	$1.2M	$97K	3x	as long as short
Bybit GRIFFAINUSDT	+0.0100%	4h	0.01555	+0.071%	$734K	$400K	25x	as long as short
Gate GRIFFAIN_USDT	+0.0100%	4h	0.01549	−0.335%	$425K	$81K	10x	as long as short
KuCoin GRIFFAINUSDTMshort	+0.0100%	4h	0.01549	−0.335%	$488K	$49K	20x
Bitget GRIFFAINUSDT	+0.0994%	4h	0.01549	−0.335%	$365K	$252K	10x	as long as short
BingX GRIFFAIN-USDT	+0.1062%	4h	0.01554	−0.032%	—	$6.6M	—	as long as short
BloFin GRIFFAIN-USDTlong	+0.1137%	4h	0.01554	long leg	$273K	$11K	20x
MEXC GRIFFAIN_USDT	+0.1150%	4h	0.01554	−0.013%	$306K	$112K	100x	as long as short
Binance GRIFFAINUSDT	+0.1153%	4h	0.01553	−0.064%	$4.2M	$1.7M	20x	as long as short

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster GRIFFAINUSDT	+0.1325%	4h	0.01549	−0.332%	$15K	$31K	5x	as long as short
Kraken Futures PF_GRIFFAINUSD	+1.8749%	1h	0.01566	+0.739%	$18K	$26K	10x	as long as short