GRIFFAIN

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.1014%/8h= −111.0% APRnext payment −$5.07 per $10,000 · paid last 24h −0.188%

Price spread now: Bybit against MEXC+0.026%7-day average +0.013% · you sell dearer than you buy

Net, funding: paid 7d − costs−$219as in the Funding arb table

Net, price: spread back to 7d avg − costs−$150as in the Price arb table

costs, in and out, $10k−$1511.513% of the position

Long on MEXC Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.681%−$68 on $10k

Price spread, last 4 days (all we have)−0.004%$0 · spread now +0.026%, 7d avg +0.013%

Together, before fees−0.685%−$69 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.013%, so right now this pair is about funding alone: −$30 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.681% in total (about -35.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$5.07 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC GRIFFAIN_USDT	0.01550	0.1114	pay 0.0557% / 4h	3h 39m	$305K	$112K	100x
Short	Bybit GRIFFAINUSDT	0.01550	0.0100	get 0.0050% / 4h	3h 39m	$732K	$401K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against MEXC. 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 MEXCbpFee BybitbpOrdersPrice spread, now +0.026%Rate

Funding earned: −$212.94
Price spread: +0.026% → +0.013%: $1.24
Slippage, 4 orders: −$136.34
Fee MEXC: 2 bp × 2 orders: −$4
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$363.04
Costs to cover: 1.513%
Break-even: never at this rate

Slippage from MEXC: live order book, 15 min ago; Bybit: live order book, 30 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 MEXC live order book, 15 min ago	6.47 bp	16.7 bp −$17	78.8 bp −$788	554.8 bp −$55.5K	doesn't fit
Sell Bybit live order book, 30 min ago	6.15 bp	55.1 bp −$55	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	−24.060%	—	—	—	as long as short
Bybit GRIFFAINUSDTshort	+0.0100%	4h	0.01550	+0.026%	$732K	$401K	25x
Gate GRIFFAIN_USDT	+0.0100%	4h	0.01545	−0.310%	$424K	$81K	10x	as long as short
KuCoin GRIFFAINUSDTM	+0.0100%	4h	0.01543	−0.452%	$486K	$49K	20x	as long as short
Hyperliquid GRIFFAIN	+0.0203%	1h	0.01550	+0.032%	$1.2M	$97K	3x	as long as short
Bitget GRIFFAINUSDT	+0.0986%	4h	0.01547	−0.194%	$365K	$252K	10x	as long as short
BingX GRIFFAIN-USDT	+0.1052%	4h	0.01552	+0.103%	—	$6.6M	—	as long as short
MEXC GRIFFAIN_USDTlong	+0.1114%	4h	0.01550	long leg	$305K	$112K	100x
Binance GRIFFAINUSDT	+0.1114%	4h	0.01550	−0.013%	$4.2M	$1.7M	20x	as long as short
BloFin GRIFFAIN-USDT	+0.1115%	4h	0.01547	−0.187%	$272K	$11K	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	+0.1269%	4h	0.01545	−0.290%	$15K	$31K	5x	as long as short
Kraken Futures PF_GRIFFAINUSD	+1.8924%	1h	0.01551	+0.082%	$17K	$26K	10x	as long as short