Funding you earn now, next payment 09:00 UTC+0.0365%/8h= +40.0% APRpaid last 24h +0.012%
Price spread now: Kraken Futures against GRVT+0.180%75s7-day average +0.136% · you sell dearer than you buy
Net, funding: paid 7d − costs−$106as 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−$970.973% of the position
Funding, last 7 days−0.090%−$9 on $10k
+Price spread, last 4 days (all we have)+0.082%+$8 · spread now +0.180%, 7d avg +0.136%
=Together, before fees−0.008%+ Points / potential airdropGRVT: Active · farm board−$1 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$11 a day on $10k at the current rate, and Kraken Futures is 0.044% dearer against GRVT than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.136%. Mind the row above: over the last 7 days funding on this pair cost −0.090%, so the current rate has only just turned in your favour. The two prices were read 75 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.090% in total (about -4.7% a year). A funding rate is set anew for every payment. 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 | GRVT AXS_USDT_Perp | 1.0660 | 0.0100 | pay 0.0050% / 4h | 3h 50m | $763K | $873K | 10x |
| Short | Kraken Futures PF_AXSUSD | 1.0679 | 0.0465 | get 0.0058% / 1h | 50m 16s | $146K | $348K | 20x |
GRVT AXS_USDT_Perp
Kraken Futures PF_AXSUSDFunding 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
- $76.71
- Price spread: +0.180% → +0.136%
- $4.44
- Slippage, 4 orders
- −$78.35
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$16.2
- Costs to cover
- 0.973%
- Break-even
- 8.5 days
Slippage from GRVT: live order book, 48 min ago; Kraken Futures: live order book, 47 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, 48 min ago | 4.68 bp | 21.4 bp −$21 | 214.0 bp −$2,140 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 47 min ago | 2.34 bp | 35.6 bp −$36 | 112.6 bp −$1,126 | doesn't fit | doesn't fit |
AXS on 20 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 AXS/USDC PERP | +0.0033% | 1h | 1.0580 | −0.749% | $1K | $48K | 5.5x | as long as short |
| Orderly PERP_AXS_USDC | +0.0094% | 4h | 1.0680 | +0.189% | $3K | — | 10x | as long as short |
| Lighter AXS | +0.0096% | 1h | 1.0687 | +0.254% | $36K | $42K | 5x | as long as short |
| Hyperliquid AXS | +0.0100% | 1h | 1.0679 | +0.179% | $256K | $706K | 5x | as long as short |
| Aster AXSUSDT | +0.0100% | 4h | 1.0677 | +0.165% | $72K | $17K | 10x | as long as short |
| Binance AXSUSDT | +0.0100% | 4h | 1.0672 | +0.110% | $6.0M | $10.8M | 75x | as long as short |
| Bybit AXSUSDT | +0.0100% | 8h | 1.0677 | +0.161% | $3.7M | $4.3M | 75x | as long as short |
| OKX AXS-USDT-SWAP | +0.0100% | 4h | 1.0667 | +0.067% | $1.4M | $3.0M | 20x | as long as short |
| Gate AXS_USDT | +0.0100% | 8h | 1.0681 | +0.198% | $844K | $524K | 50x | as long as short |
| MEXC AXS_USDT | +0.0100% | 4h | 1.0671 | +0.104% | $11.6M | $703K | 50x | as long as short |
Injective AXS/USDC PERP
Orderly PERP_AXS_USDC
Lighter AXS
Hyperliquid AXS
Aster AXSUSDT
Binance AXSUSDT
Bybit AXSUSDT
OKX AXS-USDT-SWAP
Gate AXS_USDT
MEXC AXS_USDTShow all 20 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin AXSUSDTM | +0.0100% | 4h | 1.0670 | +0.095% | $589K | $278K | 50x | as long as short |
| Bitget AXSUSDT | +0.0100% | 4h | 1.0670 | +0.095% | $3.1M | $1.2M | 50x | as long as short |
| BingX AXS-USDT | +0.0100% | 4h | 1.0679 | +0.179% | — | $2.6M | — | as long as short |
| Variational Omni AXS | +0.0100% | 8h | 1.0689 | +0.271% | $36K | $953 | — | as long as short |
| GRVT AXS_USDT_Perplong | +0.0100% | 4h | 1.0660 | long leg | $763K | $873K | 10x | |
| SunX AXS-USDT | +0.0100% | 4h | 1.0678 | +0.170% | $2K | $1.4M | 20x | as long as short |
| SoDEX AXS-USD | +0.0100% | 1h | 1.0668 | +0.076% | $778 | $3K | 5x | as long as short |
| Extended AXS-USD | +0.0104% | 1h | 1.0677 | +0.159% | $7K | $250K | 10x | as long as short |
| BloFin AXS-USDT | +0.0104% | 4h | 1.0670 | +0.095% | $280K | $29K | 75x | as long as short |
| Kraken Futures PF_AXSUSDshort | +0.0465% | 1h | 1.0679 | +0.180% | $146K | $348K | 20x |
KuCoin AXSUSDTM
Bitget AXSUSDT
BingX AXS-USDT
Variational Omni AXS
SunX AXS-USDT
SoDEX AXS-USD
Extended AXS-USD
BloFin AXS-USDT