Funding arb · Price arb /

GRIFFAIN

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0360%/8h= −39.4% APRpaid last 24h —

Price spread now: Reya against BloFin−25.067%46s7-day average — · you buy dearer than you sell

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

Long on BloFin 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 −$11 a day on $10k at the current rate, and Reya is 25.067% cheaper against BloFin than usual: you would sell low and buy high (−$2,507 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 46 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	0.01571	0.0360	pay 0.0180% / 4h	3h 30m	$278K	$12K	20x
Short	Reya GRIFFAINRUSDPERP	0.01177	0	get 0.0000% / 1h	30m 08s	—	—	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against BloFin. 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 BloFinbpFee ReyabpOrdersPrice spread, now −25.067%Rate

Funding earned: −$75.62
Price spread: −25.067% → 0.000%: −$2,506.66
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Reya: 3 bp × 2 orders: −$6
Net: −$2,600.27
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: BloFin: live order book, 64 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 BloFin live order book, 64 min ago	5.69 bp	30.6 bp −$31	doesn't fit	doesn't fit	doesn't fit
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	−25.067%	—	—	—
Hyperliquid GRIFFAIN	+0.0100%	1h	0.01576	+0.293%	$1.2M	$100K	3x	as long as short
Bybit GRIFFAINUSDT	+0.0100%	4h	0.01574	+0.197%	$775K	$456K	25x	as long as short
Gate GRIFFAIN_USDT	+0.0100%	4h	0.01573	+0.134%	$433K	$84K	10x	as long as short
KuCoin GRIFFAINUSDTM	+0.0100%	4h	0.01571	+0.006%	$484K	$45K	20x	as long as short
Bitget GRIFFAINUSDT	+0.0102%	4h	0.01573	+0.134%	$378K	$274K	10x	as long as short
Binance GRIFFAINUSDT	+0.0357%	4h	0.01573	+0.166%	$4.2M	$1.8M	20x	as long as short
BloFin GRIFFAIN-USDTlong	+0.0360%	4h	0.01571	long leg	$278K	$12K	20x
MEXC GRIFFAIN_USDT	+0.0370%	4h	0.01574	+0.197%	$285K	$116K	100x	as long as short
BingX GRIFFAIN-USDT	+0.0412%	4h	0.01576	+0.312%	—	$6.6M	—	as long as short

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster GRIFFAINUSDT	+0.0550%	4h	0.01572	+0.068%	$15K	$19K	5x	as long as short
Kraken Futures PF_GRIFFAINUSD	+0.5431%	1h	0.01581	+0.620%	$18K	$21K	10x	as long as short