Funding arb · Price arb /

GRIFFAIN

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.150%

Price spread now: MEXC against KuCoin+0.517%7-day average +0.231% · you sell dearer than you buy

Net, funding: paid 7d − costs−$197as in the Funding arb table

Net, price: spread back to 7d avg − costs−$238as in the Price arb table

costs, in and out, $10k−$2672.665% of the position

Long on KuCoin Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.696%+$70 on $10k

Price spread, last 4 days (all we have)−0.406%−$41 · spread now +0.517%, 7d avg +0.231%

Together, before fees+0.290%+$29 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 0.286% dearer against KuCoin than usual: you sell high and buy low, +$29 on $10k if it goes back to its 7-day average of +0.231%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin GRIFFAINUSDTM	0.01546	0.0100	pay 0.0050% / 4h	2h 31m	$472K	$44K	20x
Short	MEXC GRIFFAIN_USDT	0.01554	0.0100	get 0.0050% / 4h	2h 31m	$274K	$115K	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against KuCoin. 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 KuCoinbpFee MEXCbpOrdersPrice spread, now +0.517%Rate

Funding earned: $0
Price spread: +0.517% → +0.231%: $28.62
Slippage, 4 orders: −$250.54
Fee KuCoin: 6 bp × 2 orders: −$12
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$237.92
Costs to cover: 2.665%
Break-even: never at this rate

Slippage from KuCoin: live order book, 27 min ago; MEXC: live order book, 63 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 KuCoin live order book, 27 min ago	12.90 bp	108.6 bp −$109	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 63 min ago	6.36 bp	24.5 bp −$24	89.6 bp −$896	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	−23.859%	—	—	—	as long as short
BloFin GRIFFAIN-USDT	+0.0059%	4h	0.01556	+0.660%	$273K	$12K	20x	as long as short
Hyperliquid GRIFFAIN	+0.0100%	1h	0.01554	+0.543%	$1.2M	$103K	3x	as long as short
Binance GRIFFAINUSDT	+0.0100%	4h	0.01554	+0.488%	$4.2M	$1.9M	20x	as long as short
Bybit GRIFFAINUSDT	+0.0100%	4h	0.01554	+0.485%	$752K	$484K	25x	as long as short
Gate GRIFFAIN_USDT	+0.0100%	4h	0.01555	+0.614%	$429K	$86K	10x	as long as short
MEXC GRIFFAIN_USDTshort	+0.0100%	4h	0.01554	+0.517%	$274K	$115K	100x
KuCoin GRIFFAINUSDTMlong	+0.0100%	4h	0.01546	long leg	$472K	$44K	20x
Bitget GRIFFAINUSDT	+0.0100%	4h	0.01554	+0.517%	$369K	$284K	10x	as long as short
BingX GRIFFAIN-USDT	+0.0114%	4h	0.01553	+0.453%	—	$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	+0.0247%	4h	0.01553	+0.480%	$15K	$19K	5x	as long as short
Kraken Futures PF_GRIFFAINUSD	+0.6425%	1h	0.01559	+0.844%	$17K	$20K	10x	as long as short