Funding arb · Price arb /

GRIFFAIN

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bybit against Gate−0.166%7-day average +0.106% · you buy dearer than you sell

Net, funding: paid 7d − costs−$1,864as in the Funding arb table

Net, price: spread back to 7d avg − costs−$1,866as in the Price arb table

costs, in and out, $10k−$1,83918.386% of the position

Long on Gate Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.252%−$25 on $10k

Price spread, last 4 days (all we have)+0.322%+$32 · spread now −0.166%, 7d avg +0.106%

Together, before fees+0.070%+$7 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.272% cheaper against Gate than usual: you would sell low and buy high, −$27 on $10k if it goes back to its 7-day average of +0.106%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate GRIFFAIN_USDT	0.01571	0.0100	pay 0.0050% / 4h	3h 32m	$432K	$84K	10x
Short	Bybit GRIFFAINUSDT	0.01568	0.0100	get 0.0050% / 4h	3h 32m	$772K	$456K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Gate. 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 GatebpFee BybitbpOrdersPrice spread, now −0.166%Rate

Funding earned: $0
Price spread: −0.166% → +0.106%: −$27.17
Slippage, 4 orders: −$1,812.61
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$1,865.78
Costs to cover: 18.386%
Break-even: never at this rate

Slippage from Gate: live order book, 18 min ago; Bybit: live order book, 17 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 Gate live order book, 18 min ago	7.90 bp	255.3 bp −$255	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 17 min ago	5.05 bp	68.6 bp −$69	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	−25.052%	—	—	—	as long as short
Hyperliquid GRIFFAIN	+0.0100%	1h	0.01570	−0.032%	$1.2M	$100K	3x	as long as short
Bybit GRIFFAINUSDTshort	+0.0100%	4h	0.01568	−0.166%	$772K	$456K	25x
Gate GRIFFAIN_USDTlong	+0.0100%	4h	0.01571	long leg	$432K	$84K	10x
KuCoin GRIFFAINUSDTM	+0.0100%	4h	0.01568	−0.166%	$483K	$44K	20x	as long as short
Bitget GRIFFAINUSDT	+0.0122%	4h	0.01569	−0.102%	$377K	$275K	10x	as long as short
Binance GRIFFAINUSDT	+0.0384%	4h	0.01570	−0.058%	$4.2M	$1.8M	20x	as long as short
MEXC GRIFFAIN_USDT	+0.0396%	4h	0.01571	+0.025%	$285K	$116K	100x	as long as short
BingX GRIFFAIN-USDT	+0.0412%	4h	0.01569	−0.089%	—	$6.5M	—	as long as short
BloFin GRIFFAIN-USDT	+0.0440%	4h	0.01571	+0.045%	$278K	$12K	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	+0.0577%	4h	0.01570	−0.047%	$15K	$19K	5x	as long as short
Kraken Futures PF_GRIFFAINUSD	+0.5445%	1h	0.01577	+0.396%	$18K	$21K	10x	as long as short