Funding you earn now, next payment 02:00 UTC−0.0625%/8h= −68.5% APRpaid last 24h −0.112%
Price spread now: GRVT against Kraken Futures−0.086%75s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work against this trade now: funding costs −$19 a day on $10k at the current rate, and GRVT is 0.086% cheaper against Kraken Futures than usual: you would sell low and buy high (−$9 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 75 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_KAIAUSD | 0.03264 | 0.0725 | pay 0.0091% / 1h | 22m 20s | $46K | $37K | 10x |
| Short | GRVT KAIA_USDT_Perp | 0.03261 | 0.0100 | get 0.0050% / 4h | 2h 22m | $392K | $505K | 10x |
Kraken Futures PF_KAIAUSD
GRVT KAIA_USDT_PerpFunding history
latest
Range statsloading…
Price spread between the two exchanges
GRVT 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
- −$131.35
- Price spread: −0.086% → 0.000%
- −$8.59
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Net
- −$158.94
- Costs to cover
- 0.190%
- Break-even
- never at this rate
Slippage unknown: Kraken Futures: no order-book sample; GRVT: live order book, 45 min ago. Net counts fees only.
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 no order-book sample | — | — | — | — | — |
| Sell GRVT live order book, 45 min ago | 24.14 bp | 91.0 bp −$91 | 247.0 bp −$2,470 | doesn't fit | doesn't fit |
Kraken Futures: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
KAIA on 11 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 | |
|---|---|---|---|---|---|---|---|---|
| Binance KAIAUSDT | +0.0100% | 4h | 0.03264 | −0.001% | $2.4M | $3.9M | 75x | as long as short |
| Bybit KAIAUSDT | +0.0100% | 4h | 0.03260 | −0.117% | $1.9M | $1.4M | 50x | as long as short |
| Gate KAIA_USDT | +0.0100% | 4h | 0.03256 | −0.239% | $85K | $63K | 50x | as long as short |
| MEXC KAIA_USDT | +0.0100% | 4h | 0.03258 | −0.178% | $506K | $145K | 100x | as long as short |
| KuCoin KAIAUSDTM | +0.0100% | 4h | 0.03262 | −0.055% | $340K | $69K | 30x | as long as short |
| Bitget KAIAUSDT | +0.0100% | 4h | 0.03261 | −0.086% | $495K | $383K | 75x | as long as short |
| BingX KAIA-USDT | +0.0100% | 4h | 0.03255 | −0.270% | — | $6.5M | — | as long as short |
| Variational Omni KAIA | +0.0100% | 4h | 0.03259 | −0.148% | $3K | $202 | — | as long as short |
| GRVT KAIA_USDT_Perpshort | +0.0100% | 4h | 0.03261 | −0.086% | $392K | $505K | 10x | |
| Extended KAIA-USD | +0.0104% | 1h | 0.03257 | −0.215% | $2K | $101K | 5x | as long as short |
Binance KAIAUSDT
Bybit KAIAUSDT
Gate KAIA_USDT
MEXC KAIA_USDT
KuCoin KAIAUSDTM
Bitget KAIAUSDT
BingX KAIA-USDT
Variational Omni KAIA
Extended KAIA-USDShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_KAIAUSDlong | +0.0725% | 1h | 0.03264 | long leg | $46K | $37K | 10x |