Funding arb · Price arb /

GRIFFAIN

all GRIFFAIN markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0610%/8h= +66.8% APRpaid last 24h —

Price spread now: Bybit against Reya+31.849%46s7-day average — · you sell dearer than you buy

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

Long on Reya Short on Bybit

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 for this trade now. Funding pays +$18 a day on $10k at the current rate, and Bybit is 31.849% dearer against Reya than usual: you sell high and buy low: +$3,185 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 46 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	Reya GRIFFAINRUSDPERP	0.01177	0	get 0.0000% / 1h	48m 46s	—	—	—
Short	Bybit GRIFFAINUSDT	0.01552	0.0610	get 0.0305% / 4h	2h 48m	$737K	$397K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Reya. 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 ReyabpFee BybitbpOrdersPrice spread, now +31.849%Rate

Funding earned: $128.17
Price spread: +31.849% → 0.000%: $3,184.94
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: $3,296.11
Costs to cover: 0.170%
Break-even: from the start

Slippage unknown: Reya: no order-book sample; Bybit: live order book, 16 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 Reya no order-book sample	—	—	—	—	—
Sell Bybit live order book, 16 min ago	5.74 bp	32.3 bp −$32	403.7 bp −$4,037	doesn't fit	doesn't fit

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 GRIFFAINRUSDPERPlong	0.0000%	1h	0.01177	long leg	—	—	—
Hyperliquid GRIFFAIN	+0.0100%	1h	0.01552	+31.849%	$1.2M	$99K	3x	as long as short
Gate GRIFFAIN_USDT	+0.0100%	4h	0.01552	+31.815%	$426K	$81K	10x	as long as short
KuCoin GRIFFAINUSDTM	+0.0100%	4h	0.01543	+31.085%	$486K	$49K	20x	as long as short
Bybit GRIFFAINUSDTshort	+0.0610%	4h	0.01552	+31.849%	$737K	$397K	25x
Bitget GRIFFAINUSDT	+0.1068%	4h	0.01549	+31.595%	$364K	$253K	10x	as long as short
BingX GRIFFAIN-USDT	+0.1272%	4h	0.01551	+31.764%	—	$6.5M	—	as long as short
BloFin GRIFFAIN-USDT	+0.1282%	4h	0.01551	+31.798%	$276K	$11K	20x	as long as short
MEXC GRIFFAIN_USDT	+0.1312%	4h	0.01551	+31.764%	$303K	$111K	100x	as long as short
Binance GRIFFAINUSDT	+0.1322%	4h	0.01551	+31.766%	$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	+0.1453%	4h	0.01547	+31.400%	$15K	$31K	5x	as long as short
Kraken Futures PF_GRIFFAINUSD	+1.4628%	1h	0.01563	+32.797%	$18K	$25K	10x	as long as short