Funding arb · Price arb /

GRT

all GRT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0058%/8h= −6.3% APRpaid last 24h +0.711%

Price spread now: Kraken Futures against OKX+0.151%7-day average +0.274% · you sell dearer than you buy

Net, funding: paid 7d − costs−$1,316as in the Funding arb table

Net, price: spread back to 7d avg − costs−$1,364as in the Price arb table

costs, in and out, $10k−$1,35213.516% of the position

Long on OKX Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+0.360%+$36 on $10k

Price spread, last 4 days (all we have)+0.176%+$18 · spread now +0.151%, 7d avg +0.274%

Together, before fees+0.535%+$54 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Kraken Futures is 0.123% cheaper against OKX than usual: you would sell low and buy high (−$12 if the spread goes back to its 7-day average of +0.274%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.360%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX GRT-USDT-SWAP	0.02334	0.0100	pay 0.0100% / 8h	2h 54m	$633K	$748K	20x
Short	Kraken Futures PF_GRTUSD	0.02338	0.0042	get 0.0005% / 1h	54m 16s	$281K	$64K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against OKX. 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 OKXbpFee Kraken FuturesbpOrdersPrice spread, now +0.151%Rate

Funding earned: −$12.12
Price spread: +0.151% → +0.274%: −$12.27
Slippage, 4 orders: −$1,331.62
Fee OKX: 5 bp × 2 orders: −$10
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$1,376.01
Costs to cover: 13.516%
Break-even: never at this rate

Slippage from OKX: live order book, 57 min ago; Kraken Futures: live order book, 58 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 OKX live order book, 57 min ago	2.11 bp	40.2 bp −$40	9641.0 bp −$96.4K	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 58 min ago	35.78 bp	57.3 bp −$57	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	−0.0133%	8h	0.02332	−0.082%	$114K	$100K	—	as long as short
gTrade (Gains Network) GRT/USD	L +0.0024% / S +0.0001%	1h	0.02335	+0.038%	$638	—	150x	as long as short
Injective GRT/USDC PERP	+0.0033%	1h	0.02217	−5.013%	—	$8K	5.5x	as long as short
Kraken Futures PF_GRTUSDshort	+0.0042%	1h	0.02338	+0.151%	$281K	$64K	20x
Binance GRTUSDT	+0.0100%	8h	0.02334	0.000%	$3.6M	$8.2M	75x	as long as short
Bybit GRTUSDT	+0.0100%	8h	0.02333	−0.043%	$2.9M	$2.1M	75x	as long as short
OKX GRT-USDT-SWAPlong	+0.0100%	8h	0.02334	long leg	$633K	$748K	20x
Gate GRT_USDT	+0.0100%	8h	0.02334	0.000%	$451K	$405K	50x	as long as short
MEXC GRT_USDT	+0.0100%	8h	0.02333	−0.043%	$1.9M	$1.1M	200x	as long as short
KuCoin GRTUSDTM	+0.0100%	8h	0.02334	0.000%	$1.1M	$681K	50x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget GRTUSDT	+0.0100%	8h	0.02334	0.000%	$2.4M	$660K	75x	as long as short
BingX GRT-USDT	+0.0100%	8h	0.02335	+0.043%	—	$2.5M	—	as long as short
BloFin GRT-USDT	+0.0124%	8h	0.02337	+0.129%	$177K	$221K	75x	as long as short