GRIFFAIN arbitrage explained
Right now GRIFFAIN trades on 8 venues we scan: 8 perpetual markets, 3 spot markets and 0 DEX pools. The lowest ask is on Binance perp at $0.0232 and the highest bid on Gate perp at $0.0232.
The widest GRIFFAIN perpetual spread is between Binance and Gate: long GRIFFAIN on Binance at $0.0232 and short on Gate at $0.0232 for +0.18% gross, or +0.02% after the 0.16% two-leg fee model. No transfer is needed: both positions stay on their exchanges until the prices converge. The funding difference on this pair is -0.023% per day, which the position pays while it is open.
For a spot–perpetual (cash-and-carry) trade, the best GRIFFAIN route is to buy spot on KuCoin and short the perpetual on Gate: +0.13% gross, -0.07% net, with +0.030% a day of funding on the short leg.
Spot–spot GRIFFAIN arbitrage (buy on KuCoin, withdraw, deposit and sell on Gate) shows -0.04% gross right now. It only works if withdrawals on the buying exchange and deposits on the selling exchange are open, so check the D/W dots before moving coins.
Small GRIFFAIN gaps usually disappear after fees, slippage and funding. Look at the Net column, the executable Depth and the spread history before trading: a gap that has been open for days is a different trade from a one-minute spike.
Related: GRIFFAIN funding rates · GRIFFAIN spread charts · GRIFFAIN price · arbitrage scanner for all coins.