Funding you earn now, next payment 00:00 UTC−0.0493%/8h= −54.0% APRpaid last 24h −0.019%
Price spread now: Kraken Futures against GRVT−0.179%7-day average +0.046% · you buy dearer than you sell
Net, funding: paid 7d − costs−$98as in the Funding arb table
Net, price: spread back to 7d avg − costs−$100as in the Price arb table
costs, in and out, $10k−$770.772% of the position
Funding, last 7 days−0.204%−$20 on $10k
+Price spread, last 3 days (all we have)+0.060%+$6 · spread now −0.179%, 7d avg +0.046%
=Together, before fees−0.144%+ Points / potential airdropGRVT: Active · farm board−$14 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$15 a day on $10k at the current rate, and Kraken Futures is 0.225% cheaper against GRVT than usual: you would sell low and buy high (−$23 if the spread goes back to its 7-day average of +0.046%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.204% in total (about -10.6% 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 FIL_USDT_Perp | 0.9909 | 0.0100 | pay 0.0100% / 8h | 48m 22s | $289K | $807K | 10x |
| Short | Kraken Futures PF_FILUSD | 0.9891 | −0.0393 | pay 0.0049% / 1h | 48m 22s | $1.3M | $2.4M | 50x |
GRVT FIL_USDT_Perp
Kraken Futures PF_FILUSDFunding 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
- −$103.61
- Price spread: −0.179% → +0.046%
- −$22.54
- Slippage, 4 orders
- −$58.19
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$203.34
- Costs to cover
- 0.772%
- Break-even
- never at this rate
Slippage from GRVT: live order book, 30 min ago; Kraken Futures: live order book, 5 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, 30 min ago | 5.05 bp | 9.5 bp −$10 | 66.7 bp −$667 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 5 min ago | 4.53 bp | 14.8 bp −$15 | 34.3 bp −$343 | doesn't fit | doesn't fit |
FIL on 29 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit FIL_USDC-PERPETUAL | −0.1062% | 1h | 0.9892 | −0.167% | $170K | $23K | 25x | as long as short |
| Kraken Futures PF_FILUSDshort | −0.0393% | 1h | 0.9891 | −0.179% | $1.3M | $2.4M | 50x | |
| Coinbase International FIL-PERP-INTX | −0.0352% | 1h | 0.9907 | −0.015% | $320K | $1.9M | 50x | as long as short |
| Injective FIL/USDC PERP | −0.0245% | 1h | 0.9855 | −0.540% | $2K | $240K | 12x | as long as short |
| KuCoin FILUSDTM | −0.0006% | 8h | 0.9888 | −0.207% | $7.4M | $7.1M | 50x | as long as short |
| gTrade (Gains Network) FIL/USD | L −0.0004% / S +0.0006% | 1h | 0.9890 | −0.186% | $25K | — | 150x | as long as short |
| dYdX FIL-USD | 0.0000% | 1h | 0.9889 | −0.198% | $58K | $2K | 10x | as long as short |
| OKX FIL-USDT-SWAP | +0.0025% | 8h | 0.9885 | −0.237% | $18.2M | $98.5M | 50x | as long as short |
| Bitget FILUSDT | +0.0026% | 8h | 0.9886 | −0.227% | $11.0M | $21.5M | 75x | as long as short |
| Bybit FILUSDT | +0.0045% | 8h | 0.9887 | −0.217% | $15.4M | $18.2M | 25x | as long as short |
Deribit FIL_USDC-PERPETUAL
Coinbase International FIL-PERP-INTX
Injective FIL/USDC PERP
KuCoin FILUSDTM
gTrade (Gains Network) FIL/USD
dYdX FIL-USD
OKX FIL-USDT-SWAP
Bitget FILUSDT
Bybit FILUSDTShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance FILUSDT | +0.0062% | 8h | 0.9884 | −0.244% | $57.3M | $177.9M | 75x | as long as short |
| MEXC FIL_USDC | +0.0062% | 8h | 0.9883 | −0.258% | $251K | $103K | 50x | as long as short |
| Extended FIL-USD | +0.0064% | 1h | 0.9882 | −0.264% | $693K | $2.3M | 10x | as long as short |
| BingX FIL-USDC | +0.0074% | 8h | 0.9887 | −0.217% | — | $6.5M | — | as long as short |
| Lighter FIL | +0.0080% | 1h | 0.9883 | −0.261% | $159K | $347K | 5x | as long as short |
| Gate FIL_USDT | +0.0093% | 8h | 0.9887 | −0.217% | $7.9M | $16.2M | 50x | as long as short |
| Hyperliquid FIL | +0.0100% | 1h | 0.9887 | −0.222% | $8.6M | $9.5M | 5x | as long as short |
| Aster FILUSDT | +0.0100% | 8h | 0.9891 | −0.176% | $498K | $529K | 20x | as long as short |
| Variational Omni FIL | +0.0100% | 8h | 0.9911 | +0.028% | $441K | $277K | — | as long as short |
| edgeX FILUSDC | +0.0100% | 4h | 0.9906 | −0.024% | $45K | $293K | 10x | as long as short |
| GRVT FIL_USDT_Perplong | +0.0100% | 8h | 0.9909 | long leg | $289K | $807K | 10x | |
| ApeX Omni FILUSDT | +0.0100% | 1h | 0.9910 | +0.015% | $30K | $197K | 50x | as long as short |
| Orderly PERP_FIL_USDC_mythos | +0.0100% | 4h | 0.9895 | −0.135% | $5K | — | 10x | as long as short |
| SunX FIL-USDT | +0.0100% | 8h | 0.9880 | −0.288% | $3K | $1.1M | 20x | as long as short |
| SoDEX FIL-USD | +0.0100% | 1h | 0.9885 | −0.237% | $486 | $11K | 5x | as long as short |
| HTX FIL-USDT | +0.0100% | 8h | 0.9894 | −0.147% | $632K | $5.6M | 75x | as long as short |
| Phemex FILUSDT | +0.0100% | 8h | 0.9900 | −0.086% | $1.1M | $2.3M | 50x | as long as short |
| BloFin FIL-USDT | +0.0182% | 8h | 0.9885 | −0.237% | $2.7M | $555K | 75x | as long as short |
| GMX FIL/USD [WBTC.b-USDC] | L +0.0571% / S −0.0666% | 1h | 0.9889 | −0.192% | $197K | — | 100x | as long as short |
Binance FILUSDT
MEXC FIL_USDC
Extended FIL-USD
BingX FIL-USDC
Lighter FIL
Gate FIL_USDT
Hyperliquid FIL
Aster FILUSDT
Variational Omni FIL
edgeX FILUSDC
ApeX Omni FILUSDT
Orderly PERP_FIL_USDC_mythos
SunX FIL-USDT
SoDEX FIL-USD
HTX FIL-USDT
Phemex FILUSDT
BloFin FIL-USDT
GMX FIL/USD [WBTC.b-USDC]