Funding arb · Price arb /

GRIFFAIN

all GRIFFAIN markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.027%

Price spread now: Gate against Hyperliquid−0.214%7-day average −0.186% · you buy dearer than you sell

Net, funding: paid 7d − costs−$1,374as in the Funding arb table

Net, price: spread back to 7d avg − costs−$1,395as in the Price arb table

costs, in and out, $10k−$1,39213.921% of the position

Long on Hyperliquid Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.180%+$18 on $10k

Price spread, last 4 days (all we have)−0.024%−$2 · spread now −0.214%, 7d avg −0.186%

Together, before fees+0.156%+ Points / potential airdropHyperliquid: Season 2 · farm board+$16 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: Gate is 0.029% cheaper against Hyperliquid than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.186%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid GRIFFAIN	0.01586	0.0100	pay 0.0013% / 1h	32m 58s	$1.2M	$100K	3x
Short	Gate GRIFFAIN_USDT	0.01582	0.0100	get 0.0050% / 4h	32m 58s	$436K	$84K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Hyperliquid. 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 HyperliquidbpFee GatebpOrdersPrice spread, now −0.214%Rate

Funding earned: $0
Price spread: −0.214% → −0.186%: −$2.86
Slippage, 4 orders: −$1,368.13
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$1,394.99
Costs to cover: 13.921%
Break-even: never at this rate

Slippage from Hyperliquid: live order book, 7 min ago; Gate: 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 Hyperliquid live order book, 7 min ago	8.83 bp	40.2 bp −$40	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 23 min ago	16.54 bp	1006.3 bp −$1,006	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	−25.777%	—	—	—	as long as short
Hyperliquid GRIFFAINlong	+0.0100%	1h	0.01586	long leg	$1.2M	$100K	3x
Bybit GRIFFAINUSDT	+0.0100%	4h	0.01585	−0.032%	$783K	$454K	25x	as long as short
Gate GRIFFAIN_USDTshort	+0.0100%	4h	0.01582	−0.214%	$436K	$84K	10x
KuCoin GRIFFAINUSDTM	+0.0100%	4h	0.01580	−0.372%	$484K	$52K	20x	as long as short
Bitget GRIFFAINUSDT	+0.0278%	4h	0.01580	−0.372%	$380K	$281K	10x	as long as short
BloFin GRIFFAIN-USDT	+0.0583%	4h	0.01585	−0.032%	$281K	$12K	20x	as long as short
MEXC GRIFFAIN_USDT	+0.0638%	4h	0.01587	+0.069%	$295K	$115K	100x	as long as short
Binance GRIFFAINUSDT	+0.0639%	4h	0.01586	−0.013%	$4.3M	$1.8M	20x	as long as short
BingX GRIFFAIN-USDT	+0.0668%	4h	0.01587	+0.076%	—	$6.5M	—	as long as short

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster GRIFFAINUSDT	+0.0788%	4h	0.01580	−0.367%	$15K	$20K	5x	as long as short
Kraken Futures PF_GRIFFAINUSD	+1.5586%	1h	0.01588	+0.104%	$18K	$22K	10x	as long as short