Funding arb · Price arb /

GRIFFAIN

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0852%/8h= +93.3% APRpaid last 24h +0.218%

Price spread now: Aster against Hyperliquid−0.136%7-day average — · you buy dearer than you sell

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

Long on Hyperliquid Short on Aster

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropHyperliquid: Season 2 · Aster: Stage 5 · farm boardneeds both histories

Funding pays, the price is against you. Aster is 0.136% cheaper against Hyperliquid than usual: you would sell low and buy high (spread −0.136% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$14 on $10k: about 13 hours of funding at the current rate (+$26 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid GRIFFAIN	0.01548	0.0384	pay 0.0048% / 1h	44m 49s	$1.2M	$97K	3x
Short	Aster GRIFFAINUSDT	0.01545	0.1236	get 0.0618% / 4h	3h 44m	$15K	$31K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Hyperliquid. 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 HyperliquidbpFee AsterbpOrdersPrice spread, now −0.136%Rate

Funding earned: $178.88
Price spread: −0.136% → 0.000%: −$13.57
Slippage, 4 orders: no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Aster: 4 bp × 2 orders: −$8
Net: $148.31
Costs to cover: 0.170%
Break-even: 1.2 days

Slippage unknown: Hyperliquid: live order book, 6 min ago; Aster: 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 Hyperliquid live order book, 6 min ago	7.11 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Aster no order-book sample	—	—	—	—	—

Aster: 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	−23.943%	—	—	—	as long as short
Gate GRIFFAIN_USDT	+0.0100%	4h	0.01545	−0.155%	$424K	$81K	10x	as long as short
KuCoin GRIFFAINUSDTM	+0.0100%	4h	0.01541	−0.426%	$486K	$49K	20x	as long as short
Bybit GRIFFAINUSDT	+0.0186%	4h	0.01550	+0.129%	$731K	$400K	25x	as long as short
Hyperliquid GRIFFAINlong	+0.0384%	1h	0.01548	long leg	$1.2M	$97K	3x
Bitget GRIFFAINUSDT	+0.1006%	4h	0.01547	−0.039%	$365K	$252K	10x	as long as short
BingX GRIFFAIN-USDT	+0.1026%	4h	0.01549	+0.071%	—	$6.6M	—	as long as short
MEXC GRIFFAIN_USDT	+0.1092%	4h	0.01547	−0.039%	$305K	$111K	100x	as long as short
Binance GRIFFAINUSDT	+0.1099%	4h	0.01547	−0.037%	$4.1M	$1.7M	20x	as long as short
BloFin GRIFFAIN-USDT	+0.1132%	4h	0.01546	−0.084%	$271K	$10K	20x	as long as short

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster GRIFFAINUSDTshort	+0.1236%	4h	0.01545	−0.136%	$15K	$31K	5x
Kraken Futures PF_GRIFFAINUSD	+1.8828%	1h	0.01559	+0.747%	$17K	$26K	10x	as long as short