Funding you earn now, next payment 08:00 UTC−0.0269%/8h= −29.4% APRpaid last 24h −0.006%
Price spread now: Kraken Futures against GRVT+0.198%75s7-day average +0.072% · you sell dearer than you buy
Net, funding: paid 7d − costs−$75as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$560.561% of the position
Funding, last 7 days−0.189%−$19 on $10k
+Price spread, last 4 days (all we have)+0.355%+$35 · spread now +0.198%, 7d avg +0.072%
=Together, before fees+0.166%+ Points / potential airdropGRVT: Active · farm board+$17 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Kraken Futures is 0.125% dearer against GRVT than usual: you sell high and buy low (spread +0.198% now, against its 7-day average of +0.072%): +$13 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 37 hours. At the pace of the last 7 days (−0.189% in total) that is about 4.7 days. The two prices were read 75 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 | GRVT ARB_USDT_Perp | 0.2186 | 0.0100 | pay 0.0100% / 8h | 7h 58m | $464K | $3.6M | 10x |
| Short | Kraken Futures PF_ARBUSD | 0.2190 | −0.0169 | pay 0.0021% / 1h | 58m 10s | $1.1M | $4.3M | 50x |
GRVT ARB_USDT_Perp
Kraken Futures PF_ARBUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against GRVT. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$56.39
- Price spread: +0.198% → +0.072%
- $12.53
- Slippage, 4 orders
- −$37.05
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$99.91
- Costs to cover
- 0.561%
- Break-even
- never at this rate
Slippage from GRVT: live order book, 6 min ago; Kraken Futures: live order book, 6 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 GRVT live order book, 6 min ago | 2.29 bp | 12.3 bp −$12 | 105.6 bp −$1,056 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 6 min ago | 8.25 bp | 15.8 bp −$16 | 24.4 bp −$244 | 495.1 bp −$49.5K | doesn't fit |
ARB on 36 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective ARB/USDC PERP | −0.1605% | 1h | 0.2174 | −0.530% | $39K | $372K | 12x | as long as short |
| Phemex ARBUSDT | −0.0291% | 8h | 0.2188 | +0.110% | $4.8M | $12.8M | 50x | as long as short |
| Kraken Futures PF_ARBUSDshort | −0.0169% | 1h | 0.2190 | +0.198% | $1.1M | $4.3M | 50x | |
| 01 Exchange ARBUSD | −0.0152% | 1h | 0.2189 | +0.165% | $7K | $236 | 10x | as long as short |
| MEXC ARB_USDT | −0.0070% | 8h | 0.2188 | +0.124% | $42.5M | $62.2M | 200x | as long as short |
| OKX ARB-USDT-SWAP | −0.0069% | 8h | 0.2187 | +0.074% | $22.2M | $145.1M | 50x | as long as short |
| SoDEX ARB-USD | −0.0062% | 1h | 0.2188 | +0.110% | $9K | $2.2M | 5x | as long as short |
| Orderly PERP_ARB_USDC | −0.0040% | 8h | 0.2189 | +0.156% | $16K | $410K | 10x | as long as short |
| Bybit ARBUSDT | −0.0019% | 8h | 0.2188 | +0.087% | $53.3M | $125.9M | 50x | as long as short |
| dYdX ARB-USD | 0.0000% | 1h | 0.2190 | +0.184% | $65K | $4K | 10x | as long as short |
Injective ARB/USDC PERP
Phemex ARBUSDT
01 Exchange ARBUSD
MEXC ARB_USDT
OKX ARB-USDT-SWAP
SoDEX ARB-USD
Orderly PERP_ARB_USDC
Bybit ARBUSDT
dYdX ARB-USDShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended ARB-USD | 0.0000% | 1h | 0.2187 | +0.083% | $350K | $3.1M | 25x | as long as short |
| Deribit ARB_USDC-PERPETUAL | 0.0000% | 1h | 0.2190 | +0.225% | $28K | $38K | 25x | as long as short |
| Binance ARBUSDT | +0.0004% | 8h | 0.2188 | +0.100% | $63.1M | $299.1M | 75x | as long as short |
| gTrade (Gains Network) ARB/USD | L +0.0005% / S −0.0006% | 1h | 0.2189 | +0.179% | $73K | — | 150x | as long as short |
| Gate ARB_USDT | +0.0009% | 8h | 0.2188 | +0.124% | $5.4M | $18.0M | 60x | as long as short |
| Variational Omni ARB | +0.0029% | 8h | 0.2187 | +0.049% | $1.8M | $3.0M | — | as long as short |
| Aevo ARB-PERP | +0.0080% | 1h | 0.2190 | +0.189% | $139K | $7K | 3x | as long as short |
| BingX ARB-USDT | +0.0087% | 8h | 0.2188 | +0.092% | — | $32.9M | — | as long as short |
| Bitget ARBUSDT | +0.0088% | 8h | 0.2188 | +0.110% | $21.1M | $34.6M | 50x | as long as short |
| Lighter ARB | +0.0096% | 1h | 0.2187 | +0.046% | $1.3M | $5.3M | 15x | as long as short |
| BloFin ARB-USDT | +0.0099% | 8h | 0.2187 | +0.074% | $3.0M | $2.3M | 75x | as long as short |
| Hyperliquid ARB | +0.0100% | 1h | 0.2189 | +0.161% | $36.7M | $49.7M | 10x | as long as short |
| Aster ARBUSDT | +0.0100% | 8h | 0.2188 | +0.115% | $626K | $1.7M | 20x | as long as short |
| Pacifica ARB | +0.0100% | 1h | 0.2189 | +0.172% | $43K | $146K | 10x | as long as short |
| KuCoin ARBUSDTM | +0.0100% | 8h | 0.2189 | +0.165% | $19.5M | $13.9M | 75x | as long as short |
| edgeX ARBUSDC | +0.0100% | 4h | 0.2181 | −0.208% | $39K | $466K | 20x | as long as short |
| GRVT ARB_USDT_Perplong | +0.0100% | 8h | 0.2186 | long leg | $464K | $3.6M | 10x | |
| ApeX Omni ARBUSDT | +0.0100% | 1h | 0.2184 | −0.073% | $118K | $268K | 50x | as long as short |
| Polymarket Perps ARB-USD | +0.0100% | 1h | 0.2190 | +0.216% | $73K | $2.1M | 10x | as long as short |
| SunX ARB-USDT | +0.0100% | 8h | 0.2192 | +0.293% | $1K | $1.1M | 30x | as long as short |
| HTX ARB-USDT | +0.0100% | 8h | 0.2188 | +0.120% | $293K | $836K | 50x | as long as short |
| RISEx ARB/USDC | +0.0123% | 1h | 0.2190 | +0.204% | $511K | $2.7M | 10x | as long as short |
| Backpack ARB_USDC_PERP | +0.0220% | 1h | 0.2191 | +0.229% | $979K | $2.8M | 20x | as long as short |
| GMX ARB/USD [ARB-USDC] | L +0.0277% / S −0.0160% | 1h | 0.2190 | +0.203% | $830K | — | 150x | as long as short |
| Reya ARBRUSDPERP | +0.0288% | 1h | 0.2187 | +0.086% | $2K | $695 | 20x | as long as short |
| Coinbase International ARB-PERP-INTX | +0.0336% | 1h | 0.2191 | +0.248% | $514K | $1.5M | 50x | as long as short |
Extended ARB-USD
Deribit ARB_USDC-PERPETUAL
Binance ARBUSDT
gTrade (Gains Network) ARB/USD
Gate ARB_USDT
Variational Omni ARB
Aevo ARB-PERP
BingX ARB-USDT
Bitget ARBUSDT
Lighter ARB
BloFin ARB-USDT
Hyperliquid ARB
Aster ARBUSDT
Pacifica ARB
KuCoin ARBUSDTM
edgeX ARBUSDC
ApeX Omni ARBUSDT
Polymarket Perps ARB-USD
SunX ARB-USDT
HTX ARB-USDT
RISEx ARB/USDC
Backpack ARB_USDC_PERP
GMX ARB/USD [ARB-USDC]
Reya ARBRUSDPERP
Coinbase International ARB-PERP-INTX