Funding arb · Price arb /

GRIFFAIN

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.121%

Price spread now: MEXC against Gate+0.128%7-day average +0.082% · you sell dearer than you buy

Net, funding: paid 7d − costs−$1,851as in the Funding arb table

Net, price: spread back to 7d avg − costs−$1,893as in the Price arb table

costs, in and out, $10k−$1,89718.973% of the position

Long on Gate Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.464%+$46 on $10k

Price spread, last 4 days (all we have)−0.039%−$4 · spread now +0.128%, 7d avg +0.082%

Together, before fees+0.425%+$43 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: MEXC is 0.047% dearer against Gate than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of +0.082%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate GRIFFAIN_USDT	0.01557	0.0100	pay 0.0050% / 4h	2h 21m	$424K	$77K	10x
Short	MEXC GRIFFAIN_USDT	0.01559	0.0100	get 0.0050% / 4h	2h 21m	$274K	$111K	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.128%Rate

Funding earned: $0
Price spread: +0.128% → +0.082%: $4.67
Slippage, 4 orders: −$1,878.34
Fee Gate: 7.5 bp × 2 orders: −$15
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$1,892.67
Costs to cover: 18.973%
Break-even: never at this rate

Slippage from Gate: live order book, 27 min ago; MEXC: live order book, 23 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, 27 min ago	14.47 bp	344.7 bp −$345	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 23 min ago	6.41 bp	15.9 bp −$16	75.7 bp −$757	doesn't fit	doesn't fit

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	−24.399%	—	—	—	as long as short
Hyperliquid GRIFFAIN	+0.0100%	1h	0.01561	+0.225%	$1.2M	$95K	3x	as long as short
Binance GRIFFAINUSDT	+0.0100%	4h	0.01560	+0.193%	$4.2M	$1.8M	20x	as long as short
Bybit GRIFFAINUSDT	+0.0100%	4h	0.01559	+0.128%	$749K	$464K	25x	as long as short
Gate GRIFFAIN_USDTlong	+0.0100%	4h	0.01557	long leg	$424K	$77K	10x
MEXC GRIFFAIN_USDTshort	+0.0100%	4h	0.01559	+0.128%	$274K	$111K	100x
KuCoin GRIFFAINUSDTM	+0.0100%	4h	0.01556	−0.064%	$483K	$46K	20x	as long as short
Bitget GRIFFAINUSDT	+0.0100%	4h	0.01557	0.000%	$363K	$267K	10x	as long as short
BingX GRIFFAIN-USDT	+0.0100%	4h	0.01560	+0.167%	—	$6.5M	—	as long as short
BloFin GRIFFAIN-USDT	+0.0151%	4h	0.01560	+0.199%	$270K	$13K	20x	as long as short

Show all 12 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster GRIFFAINUSDT	+0.0277%	4h	0.01558	+0.079%	$15K	$18K	5x	as long as short
Kraken Futures PF_GRIFFAINUSD	+4.0086%	1h	0.01558	+0.089%	$17K	$11K	10x	as long as short