Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.3245 | +0.0100 | pay 0.0100% / 8h | 2h 05m | $233K | $4.0M | 10x | Long GRVT | |
| SHORT | 0.3238 | −0.0133 | pay 0.0017% / 1h | 5m 08s | $802K | $639K | 25x | Short Kraken Futures |
Price gap−0.202%
Funding gap−0.0233% /8h
Both sides work against this direction now: funding costs $7 a day on $10k and the gap is 0.164% under its 7d average. Swap the legs.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$35−0.0233% /8h now · paid −0.350% over the last 7D
Price−$16spread −0.202% now, avg −0.038% → −0.164% if it goes back
Costs−$500.499% of $10k · taker + slippage, in and out
Price and funding
1h · historyEntry / Exit
Price spread
Prices
Fundingper 8h
ENTRY / EXIT · 7D
Entry now—
Entry average—
Best entry—
Exit now—
Exit average—
Best exit—
Exit free—
PRICE SPREAD · 7D
Now−0.202%
Average—
Range—
Wider than now—
FUNDING SPREAD · 7D
Average /8h—
Highest—
Lowest—
Paid you—
Where the spread has been, last 7D▾
share of time at each level
Funding on every exchange
/8hLDO on 29 exchanges
lowest funding firstBefore you open
2 ok · 4 to watch- OK: Fits both order books14.1 / 13.8 bpEntry at $10k a leg, taker fee + slippage. Closing costs about the same.
- Note: Margin at max leverage$1,000 + $400GRVT 10x, Kraken Futures 25x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ8h / 1hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: −$6.99Long GRVT: 3 payments, −$3.00; short Kraken Futures: 24 payments, −$3.99.
- Watch: Gap narrower than usual−0.202% vs −0.038%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Long leg is thinner$233K vs $802K OIGRVT sets your exit cost. Check its book before closing.
- OK: Points on a legGRVT pointsVolume here counts toward the points program.
- Watch: KYCGRVT No · Kraken Futures YesFull verification; not offered in the US (a separate US product), Canada, Australia (wholesale only) or to retail UK clients.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0167%/8h × 21 periods−$35.03
Price spread−0.202% → −0.038% (7d avg)−$16.36
Slippage, 4 orderslive order books−$30.89
Fee GRVT bp × 2 orders−$9.00
Fee Kraken Futures bp × 2 orders−$10.00
Net · 7 days · $10k−$101.28
Costs to cover0.499%Break-evennever at this rate
Slippage: GRVT: live order book, 2 min ago; Kraken Futures: live order book, 51 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGGRVT4.6314.1 bp−$1431.4 bp−$314doesn’t fitdoesn’t fit
SELL · SHORTKraken Futures1.5313.8 bp−$1433.5 bp−$335doesn’t fitdoesn’t fit
Closing costs about the same again.
Phemex