Funding you earn now, next payment 01:00 UTC−0.0657%/8h= −72.0% APRpaid last 24h −0.638%
Price spread now: Bybit against Kraken Futures−0.944%7-day average −0.289% · you buy dearer than you sell
Net, funding: paid 7d − costs−$2,440as in the Funding arb table
Net, price: spread back to 7d avg − costs−$2,485as in the Price arb table
costs, in and out, $10k−$2,42024.199% of the position
Funding, last 7 days−0.200%−$20 on $10k
+Price spread, last 3 days (all we have)+0.638%+$64 · spread now −0.944%, 7d avg −0.289%
=Both sides work against this trade now: funding costs −$20 a day on $10k at the current rate, and Bybit is 0.655% cheaper against Kraken Futures than usual: you would sell low and buy high (−$66 if the spread goes back to its 7-day average of −0.289%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.200% in total (about -10.4% 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 | 0.02373 | 0.0550 | pay 0.0069% / 1h | 39m 28s | $291K | $65K | 20x |
| Short | Bybit GRTUSDT | 0.02351 | −0.0108 | pay 0.0108% / 8h | 7h 39m | $2.9M | $2.4M | 75x |
Kraken Futures PF_GRTUSD
Bybit GRTUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- −$138.05
- Price spread: −0.944% → −0.289%
- −$65.52
- Slippage, 4 orders
- −$2,398.91
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$2,623.49
- Costs to cover
- 24.199%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 33 min ago; Bybit: live order book, 3 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, 33 min ago | 19.10 bp | 2341.0 bp −$2,341 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 3 min ago | 2.13 bp | 16.7 bp −$17 | 55.1 bp −$551 | 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 | −0.0143% | 8h | 0.02351 | −0.939% | $112K | $85K | — | as long as short |
| Bybit GRTUSDTshort | −0.0108% | 8h | 0.02351 | −0.944% | $2.9M | $2.4M | 75x | |
| gTrade (Gains Network) GRT/USD | L +0.0024% / S +0.0001% | 1h | 0.02357 | −0.701% | $644 | — | 150x | as long as short |
| Injective GRT/USDC PERP | +0.0033% | 1h | 0.02217 | −6.590% | — | $8K | 5.5x | as long as short |
| Bitget GRTUSDT | +0.0063% | 8h | 0.02350 | −0.987% | $2.4M | $758K | 75x | as long as short |
| BloFin GRT-USDT | +0.0098% | 8h | 0.02355 | −0.776% | $177K | $235K | 75x | as long as short |
| Binance GRTUSDT | +0.0100% | 8h | 0.02353 | −0.851% | $3.6M | $8.8M | 75x | as long as short |
| OKX GRT-USDT-SWAP | +0.0100% | 8h | 0.02349 | −1.029% | $624K | $878K | 20x | as long as short |
| Gate GRT_USDT | +0.0100% | 8h | 0.02355 | −0.776% | $460K | $432K | 50x | as long as short |
| MEXC GRT_USDT | +0.0100% | 8h | 0.02353 | −0.860% | $1.9M | $1.1M | 200x | as long as short |
Variational Omni GRT
gTrade (Gains Network) GRT/USD
Injective GRT/USDC PERP
Bitget 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 | 0.02356 | −0.734% | $1.1M | $623K | 50x | as long as short |
| BingX GRT-USDT | +0.0100% | 8h | 0.02353 | −0.860% | — | $2.4M | — | as long as short |
| Kraken Futures PF_GRTUSDlong | +0.0550% | 1h | 0.02373 | long leg | $291K | $65K | 20x |
KuCoin GRTUSDTM
BingX GRT-USDT