Funding arb · Price arb /

GRIFFAIN

all GRIFFAIN markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0856%/8h= +93.7% APRpaid last 24h +0.167%

Price spread now: MEXC against Hyperliquid−0.116%7-day average −0.095% · you buy dearer than you sell

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

Long on Hyperliquid Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.607%+$61 on $10k

Price spread, last 4 days (all we have)−0.170%−$17 · spread now −0.116%, 7d avg −0.095%

Together, before fees+0.437%+ Points / potential airdropHyperliquid: Season 2 · farm board+$44 on $10k · with fees, hour by hour

Funding pays, the price is against you. MEXC is 0.021% cheaper against Hyperliquid than usual: you would sell low and buy high (spread −0.116% now, against its 7-day average of −0.095%). If the spread goes back, that is −$2 on $10k: about 2 hours of funding at the current rate (+$26 a day). At the pace of the last 7 days (+0.607% in total) that is about 6 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid GRIFFAIN	0.01549	0.0260	pay 0.0032% / 1h	41m 25s	$1.2M	$97K	3x
Short	MEXC GRIFFAIN_USDT	0.01547	0.1116	get 0.0558% / 4h	3h 41m	$305K	$112K	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.116%Rate

Funding earned: $179.76
Price spread: −0.116% → −0.095%: −$2.07
Slippage, 4 orders: no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee MEXC: 2 bp × 2 orders: −$4
Net: $164.69
Costs to cover: 0.130%
Break-even: 0.6 days

Slippage unknown: Hyperliquid: live order book, 9 min ago; MEXC: live order book, 14 min ago. 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, 9 min ago	7.11 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 14 min ago	6.47 bp	16.7 bp −$17	79.7 bp −$797	558.0 bp −$55.8K	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	−24.001%	—	—	—	as long as short
Bybit GRIFFAINUSDT	+0.0100%	4h	0.01549	+0.026%	$731K	$401K	25x	as long as short
Gate GRIFFAIN_USDT	+0.0100%	4h	0.01545	−0.232%	$424K	$81K	10x	as long as short
KuCoin GRIFFAINUSDTM	+0.0100%	4h	0.01543	−0.374%	$486K	$49K	20x	as long as short
Hyperliquid GRIFFAINlong	+0.0260%	1h	0.01549	long leg	$1.2M	$97K	3x
Bitget GRIFFAINUSDT	+0.0994%	4h	0.01547	−0.116%	$365K	$252K	10x	as long as short
BingX GRIFFAIN-USDT	+0.1052%	4h	0.01549	+0.006%	—	$6.6M	—	as long as short
BloFin GRIFFAIN-USDT	+0.1076%	4h	0.01548	−0.026%	$273K	$11K	20x	as long as short
Binance GRIFFAINUSDT	+0.1114%	4h	0.01548	−0.038%	$4.2M	$1.7M	20x	as long as short
MEXC GRIFFAIN_USDTshort	+0.1116%	4h	0.01547	−0.116%	$305K	$112K	100x

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster GRIFFAINUSDT	+0.1265%	4h	0.01545	−0.213%	$15K	$31K	5x	as long as short
Kraken Futures PF_GRIFFAINUSD	+1.8873%	1h	0.01555	+0.430%	$17K	$26K	10x	as long as short