Funding arb · Price arb /

GRT

all GRT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0012%/8h= +1.3% APRpaid last 24h +0.692%

Price spread now: Kraken Futures against Gate0.000%7-day average +0.169% · you buy dearer than you sell

Net, funding: paid 7d − costs−$1,869as in the Funding arb table

Net, price: spread back to 7d avg − costs−$1,922as in the Price arb table

costs, in and out, $10k−$1,90519.049% of the position

Long on Gate Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+0.359%+$36 on $10k

Price spread, last 4 days (all we have)+0.369%+$37 · spread now 0.000%, 7d avg +0.169%

Together, before fees+0.728%+$73 on $10k · with fees, hour by hour

Funding pays, the price is against you. Kraken Futures is 0.170% cheaper against Gate than usual: you would sell low and buy high (spread 0.000% now, against its 7-day average of +0.169%). If the spread goes back, that is −$17 on $10k: about 47 days of funding at the current rate ($0 a day). At the pace of the last 7 days (+0.359% in total) that is about 3.3 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate GRT_USDT	0.02381	0.0100	pay 0.0100% / 8h	4h 51m	$461K	$416K	50x
Short	Kraken Futures PF_GRTUSD	0.02381	0.0112	get 0.0014% / 1h	51m 39s	$291K	$60K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Gate. 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 GatebpFee Kraken FuturesbpOrdersPrice spread, now 0.000%Rate

Funding earned: $2.53
Price spread: 0.000% → +0.169%: −$16.97
Slippage, 4 orders: −$1,879.89
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$1,919.33
Costs to cover: 19.049%
Break-even: 5321.0 days

Slippage from Gate: live order book, 4 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 Gate live order book, 4 min ago	8.41 bp	92.3 bp −$92	doesn't fit	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 6 min ago	33.68 bp	58.7 bp −$59	doesn't fit	doesn't fit	doesn't fit

GRT on 13 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
Variational Omni GRT	−0.0162%	8h	0.02377	−0.184%	$115K	$100K	—	as long as short
gTrade (Gains Network) GRT/USD	L +0.0024% / S +0.0001%	1h	0.02380	−0.026%	$651	—	150x	as long as short
Injective GRT/USDC PERP	+0.0033%	1h	0.02217	−6.888%	—	$8K	5.5x	as long as short
Bybit GRTUSDT	+0.0035%	8h	0.02375	−0.252%	$2.9M	$2.2M	75x	as long as short
Bitget GRTUSDT	+0.0095%	8h	0.02375	−0.252%	$2.4M	$691K	75x	as long as short
Binance GRTUSDT	+0.0100%	8h	0.02379	−0.084%	$3.7M	$8.4M	75x	as long as short
OKX GRT-USDT-SWAP	+0.0100%	8h	0.02380	−0.042%	$646K	$806K	20x	as long as short
Gate GRT_USDTlong	+0.0100%	8h	0.02381	long leg	$461K	$416K	50x
MEXC GRT_USDT	+0.0100%	8h	0.02379	−0.084%	$1.9M	$1.1M	200x	as long as short
KuCoin GRTUSDTM	+0.0100%	8h	0.02379	−0.084%	$1.1M	$665K	50x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX GRT-USDT	+0.0100%	8h	0.02379	−0.084%	—	$2.4M	—	as long as short
Kraken Futures PF_GRTUSDshort	+0.0112%	1h	0.02381	0.000%	$291K	$60K	20x
BloFin GRT-USDT	+0.0113%	8h	0.02382	+0.042%	$183K	$227K	75x	as long as short