Funding arb · Price arb /

GRIFFAIN

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+1.4528%/8h= +1590.8% APRpaid last 24h +2.146%

Price spread now: Kraken Futures against Gate+0.745%7-day average — · you sell dearer than you buy

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

Long on Gate 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 +$436 a day on $10k at the current rate, and Kraken Futures is 0.745% dearer against Gate than usual: you sell high and buy low: +$74 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	Gate GRIFFAIN_USDT	0.01552	0.0100	pay 0.0050% / 4h	2h 48m	$426K	$81K	10x
Short	Kraken Futures PF_GRIFFAINUSD	0.01563	1.4628	get 0.1828% / 1h	48m 45s	$18K	$25K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now +0.745%Rate

Funding earned: $3,050.79
Price spread: +0.745% → 0.000%: $74.48
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $3,100.28
Costs to cover: 0.250%
Break-even: from the start

Slippage unknown: Gate: live order book, 17 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 Gate live order book, 17 min ago	15.34 bp	332.1 bp −$332	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 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	−24.136%	—	—	—	as long as short
Hyperliquid GRIFFAIN	+0.0100%	1h	0.01552	+0.026%	$1.2M	$99K	3x	as long as short
Gate GRIFFAIN_USDTlong	+0.0100%	4h	0.01552	long leg	$426K	$81K	10x
KuCoin GRIFFAINUSDTM	+0.0100%	4h	0.01543	−0.554%	$486K	$49K	20x	as long as short
Bybit GRIFFAINUSDT	+0.0610%	4h	0.01552	+0.026%	$737K	$397K	25x	as long as short
Bitget GRIFFAINUSDT	+0.1068%	4h	0.01549	−0.168%	$364K	$253K	10x	as long as short
BingX GRIFFAIN-USDT	+0.1272%	4h	0.01551	−0.039%	—	$6.5M	—	as long as short
BloFin GRIFFAIN-USDT	+0.1282%	4h	0.01551	−0.013%	$276K	$11K	20x	as long as short
MEXC GRIFFAIN_USDT	+0.1312%	4h	0.01551	−0.039%	$303K	$111K	100x	as long as short
Binance GRIFFAINUSDT	+0.1322%	4h	0.01551	−0.037%	$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	+0.1453%	4h	0.01547	−0.315%	$15K	$31K	5x	as long as short
Kraken Futures PF_GRIFFAINUSDshort	+1.4628%	1h	0.01563	+0.745%	$18K	$25K	10x