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: Gate against Kraken Futures−0.816%7-day average — · you buy dearer than you sell

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

Long on Kraken Futures Short on Gate

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 against this trade now: funding costs −$436 a day on $10k at the current rate, and Gate is 0.816% cheaper against Kraken Futures than usual: you would sell low and buy high (−$82 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_GRIFFAINUSD	0.01563	1.4628	pay 0.1828% / 1h	48m 49s	$18K	$25K	10x
Short	Gate GRIFFAIN_USDT	0.01550	0.0100	get 0.0050% / 4h	2h 48m	$425K	$81K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Kraken Futures. 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 Kraken FuturesbpFee GatebpOrdersPrice spread, now −0.816%Rate

Funding earned: −$3,050.79
Price spread: −0.816% → 0.000%: −$81.61
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$3,157.4
Costs to cover: 0.250%
Break-even: never at this rate

Slippage unknown: Kraken Futures: no order-book sample; Gate: live order book, 17 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 Kraken Futures no order-book sample	—	—	—	—	—
Sell Gate live order book, 17 min ago	15.34 bp	570.5 bp −$571	doesn't fit	doesn't fit	doesn't fit

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	−24.697%	—	—	—	as long as short
Hyperliquid GRIFFAIN	+0.0100%	1h	0.01551	−0.778%	$1.2M	$99K	3x	as long as short
Gate GRIFFAIN_USDTshort	+0.0100%	4h	0.01550	−0.816%	$425K	$81K	10x
KuCoin GRIFFAINUSDTM	+0.0100%	4h	0.01543	−1.289%	$486K	$49K	20x	as long as short
Bybit GRIFFAINUSDT	+0.0610%	4h	0.01552	−0.714%	$737K	$397K	25x	as long as short
Bitget GRIFFAINUSDT	+0.1056%	4h	0.01549	−0.906%	$364K	$253K	10x	as long as short
BingX GRIFFAIN-USDT	+0.1272%	4h	0.01552	−0.701%	—	$6.6M	—	as long as short
BloFin GRIFFAIN-USDT	+0.1282%	4h	0.01551	−0.752%	$276K	$11K	20x	as long as short
MEXC GRIFFAIN_USDT	+0.1312%	4h	0.01550	−0.842%	$303K	$111K	100x	as long as short
Binance GRIFFAINUSDT	+0.1313%	4h	0.01551	−0.790%	$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	+0.1449%	4h	0.01547	−1.016%	$15K	$31K	5x	as long as short
Kraken Futures PF_GRIFFAINUSDlong	+1.4628%	1h	0.01563	long leg	$18K	$25K	10x