GRIFFAIN

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.1052%/8h= −115.2% APRnext payment −$5.26 per $10,000 · paid last 24h −0.188%

Price spread now: KuCoin against MEXC−0.193%7-day average −0.233% · you buy dearer than you sell

Net, funding: paid 7d − costs−$334as in the Funding arb table

Net, price: spread back to 7d avg − costs−$262as in the Price arb table

costs, in and out, $10k−$2662.659% of the position

Long on MEXC Short on KuCoin

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)+0.062%+$6 · spread now −0.193%, 7d avg −0.233%

Together, before fees−0.619%−$62 on $10k · with fees, hour by hour

The price spread pays, funding is against you. KuCoin is 0.039% dearer against MEXC than usual: you sell high and buy low (spread −0.193% now, against its 7-day average of −0.233%): +$4 on $10k if it goes back. Holding the pair costs −$32 a day in funding at the current rate, which eats that in about 3 hours. At the pace of the last 7 days (−0.681% in total) that is about 10 hours.

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 −$5.26 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	0.01552	0.1152	pay 0.0576% / 4h	3h 32m	$306K	$112K	100x
Short	KuCoin GRIFFAINUSDTM	0.01549	0.0100	get 0.0050% / 4h	3h 32m	$488K	$49K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.193%Rate

Funding earned: −$220.92
Price spread: −0.193% → −0.233%: $3.95
Slippage, 4 orders: −$249.92
Fee MEXC: 2 bp × 2 orders: −$4
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$482.9
Costs to cover: 2.659%
Break-even: never at this rate

Slippage from MEXC: live order book, 23 min ago; KuCoin: live order book, 20 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, 23 min ago	6.47 bp	16.7 bp −$17	78.8 bp −$788	554.8 bp −$55.5K	doesn't fit
Sell KuCoin live order book, 20 min ago	3.24 bp	95.8 bp −$96	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	−24.158%	—	—	—	as long as short
Bybit GRIFFAINUSDT	+0.0100%	4h	0.01554	+0.129%	$734K	$400K	25x	as long as short
Gate GRIFFAIN_USDT	+0.0100%	4h	0.01549	−0.193%	$425K	$81K	10x	as long as short
KuCoin GRIFFAINUSDTMshort	+0.0100%	4h	0.01549	−0.193%	$488K	$49K	20x
Hyperliquid GRIFFAIN	+0.0102%	1h	0.01553	+0.064%	$1.2M	$98K	3x	as long as short
Bitget GRIFFAINUSDT	+0.0982%	4h	0.01549	−0.193%	$365K	$252K	10x	as long as short
BingX GRIFFAIN-USDT	+0.1096%	4h	0.01553	+0.090%	—	$6.5M	—	as long as short
Binance GRIFFAINUSDT	+0.1149%	4h	0.01553	+0.032%	$4.2M	$1.7M	20x	as long as short
MEXC GRIFFAIN_USDTlong	+0.1152%	4h	0.01552	long leg	$306K	$112K	100x
BloFin GRIFFAIN-USDT	+0.1170%	4h	0.01553	+0.058%	$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	+0.1324%	4h	0.01549	−0.176%	$15K	$31K	5x	as long as short
Kraken Futures PF_GRIFFAINUSD	+1.8738%	1h	0.01567	+0.945%	$18K	$26K	10x	as long as short