Funding you earn now, next payment 01:00 UTC−0.0449%/8h= −49.1% APRpaid last 24h −0.638%
Price spread now: BingX against Kraken Futures−0.200%53s7-day average −0.238% · you buy dearer than you sell
Net, funding: paid 7d − costs−$2,443as 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−$2,42724.267% of the position
Funding, last 7 days−0.167%−$17 on $10k
+Price spread, last 3 days (all we have)−0.067%−$7 · spread now −0.200%, 7d avg −0.238%
=The price spread pays, funding is against you. BingX is 0.038% dearer against Kraken Futures than usual: you sell high and buy low (spread −0.200% now, against its 7-day average of −0.238%): +$4 on $10k if it goes back. Holding the pair costs −$13 a day in funding at the current rate, which eats that in about 7 hours. At the pace of the last 7 days (−0.167% in total) that is about 38 hours. The two prices were read 53 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 -0.167% in total (about -8.7% 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 | Kraken Futures PF_GRTUSD | 0.02378 | 0.0549 | pay 0.0069% / 1h | 12m 26s | $291K | $65K | 20x |
| Short | BingX GRT-USDT | 0.02373 | 0.0100 | get 0.0100% / 8h | 7h 12m | — | $2.4M | — |
Kraken Futures PF_GRTUSD
BingX GRT-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against Kraken Futures. 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
- −$94.23
- Price spread: −0.200% → −0.238%
- $3.83
- Slippage, 4 orders
- −$2,406.69
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$2,517.1
- Costs to cover
- 24.267%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 60 min ago; BingX: live order book, 7 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 Kraken Futures live order book, 60 min ago | 19.10 bp | 2341.0 bp −$2,341 | doesn't fit | doesn't fit | doesn't fit |
| Sell BingX live order book, 7 min ago | 6.36 bp | 20.3 bp −$20 | 47.5 bp −$475 | 332.7 bp −$33.3K | 503.4 bp −$251.7K |
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 | −0.0146% | 8h | 0.02367 | −0.447% | $113K | $85K | — | as long as short |
| gTrade (Gains Network) GRT/USD | L +0.0024% / S +0.0001% | 1h | 0.02374 | −0.138% | $649 | — | 150x | as long as short |
| Injective GRT/USDC PERP | +0.0033% | 1h | 0.02217 | −6.761% | — | $8K | 5.5x | as long as short |
| Bitget GRTUSDT | +0.0073% | 8h | 0.02373 | −0.200% | $2.4M | $702K | 75x | as long as short |
| Bybit GRTUSDT | +0.0078% | 8h | 0.02373 | −0.200% | $2.9M | $2.3M | 75x | as long as short |
| BloFin GRT-USDT | +0.0085% | 8h | 0.02371 | −0.284% | $177K | $232K | 75x | as long as short |
| Binance GRTUSDT | +0.0100% | 8h | 0.02375 | −0.122% | $3.6M | $8.7M | 75x | as long as short |
| OKX GRT-USDT-SWAP | +0.0100% | 8h | 0.02372 | −0.242% | $628K | $878K | 20x | as long as short |
| Gate GRT_USDT | +0.0100% | 8h | 0.02373 | −0.200% | $463K | $435K | 50x | as long as short |
| MEXC GRT_USDT | +0.0100% | 8h | 0.02374 | −0.158% | $2.0M | $1.1M | 200x | as long as short |
Variational Omni GRT
gTrade (Gains Network) GRT/USD
Injective GRT/USDC PERP
Bitget GRTUSDT
Bybit GRTUSDT
BloFin GRT-USDT
Binance GRTUSDT
OKX GRT-USDT-SWAP
Gate GRT_USDT
MEXC GRT_USDTShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin GRTUSDTM | +0.0100% | 8h | 0.02373 | −0.200% | $1.1M | $617K | 50x | as long as short |
| BingX GRT-USDTshort | +0.0100% | 8h | 0.02373 | −0.200% | — | $2.4M | — | |
| Kraken Futures PF_GRTUSDlong | +0.0549% | 1h | 0.02378 | long leg | $291K | $65K | 20x |
KuCoin GRTUSDTM