Funding arb · Price arb /

GRIFFAIN

all GRIFFAIN markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h —

Price spread now: Reya against KuCoin−25.263%49s7-day average — · you buy dearer than you sell

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

Long on KuCoin Short on Reya

What this pair did over the last

the charts below follow

Funding, last 7 days—no history yet

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

Together, before fees—+ Points / potential airdropReya: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Reya is 25.263% cheaper against KuCoin than usual: you would sell low and buy high (−$2,526 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 49 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin GRIFFAINUSDTM	0.01575	0.0100	pay 0.0050% / 4h	19m 43s	$481K	$52K	20x
Short	Reya GRIFFAINRUSDPERP	0.01177	0	get 0.0000% / 1h	19m 43s	—	—	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya 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 ReyabpOrdersPrice spread, now −25.263%Rate

Funding earned: −$21
Price spread: −25.263% → 0.000%: −$2,526.31
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Reya: 3 bp × 2 orders: −$6
Net: −$2,565.31
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 63 min ago; Reya: 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 KuCoin live order book, 63 min ago	12.75 bp	128.3 bp −$128	doesn't fit	doesn't fit	doesn't fit
Sell Reya no order-book sample	—	—	—	—	—

Reya: 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 GRIFFAINRUSDPERPshort	0.0000%	1h	0.01177	−25.263%	—	—	—
Hyperliquid GRIFFAIN	+0.0100%	1h	0.01580	+0.292%	$1.2M	$101K	3x	as long as short
Bybit GRIFFAINUSDT	+0.0100%	4h	0.01579	+0.254%	$776K	$459K	25x	as long as short
Gate GRIFFAIN_USDT	+0.0100%	4h	0.01578	+0.197%	$434K	$84K	10x	as long as short
KuCoin GRIFFAINUSDTMlong	+0.0100%	4h	0.01575	long leg	$481K	$52K	20x
Bitget GRIFFAINUSDT	+0.0204%	4h	0.01575	0.000%	$378K	$279K	10x	as long as short
Binance GRIFFAINUSDT	+0.0527%	4h	0.01578	+0.197%	$4.2M	$1.8M	20x	as long as short
BingX GRIFFAIN-USDT	+0.0530%	4h	0.01580	+0.286%	—	$6.6M	—	as long as short
MEXC GRIFFAIN_USDT	+0.0540%	4h	0.01578	+0.190%	$294K	$116K	100x	as long as short
BloFin GRIFFAIN-USDT	+0.0550%	4h	0.01576	+0.038%	$280K	$12K	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	+0.0694%	4h	0.01575	+0.025%	$15K	$20K	5x	as long as short
Kraken Futures PF_GRIFFAINUSD	+1.5603%	1h	0.01586	+0.689%	$18K	$21K	10x	as long as short