Funding you earn now, next payment 22:00 UTC−0.0428%/8h= −46.8% APRpaid last 24h +0.001%
Price spread now: Kraken Futures against GRVT+0.210%7-day average +0.075% · you sell dearer than you buy
Net, funding: paid 7d − costs−$106as in the Funding arb table
Net, price: spread back to 7d avg − costs−$84as in the Price arb table
costs, in and out, $10k−$970.971% of the position
Funding, last 7 days−0.087%−$9 on $10k
+Price spread, last 3 days (all we have)−0.179%−$18 · spread now +0.210%, 7d avg +0.075%
=Together, before fees−0.266%+ Points / potential airdropGRVT: Active · farm board−$27 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Kraken Futures is 0.134% dearer against GRVT than usual: you sell high and buy low (spread +0.210% now, against its 7-day average of +0.075%): +$13 on $10k if it goes back. Holding the pair costs −$13 a day in funding at the current rate, which eats that in about 25 hours. At the pace of the last 7 days (−0.087% in total) that is about 11 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.087% in total (about -4.5% 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 | GRVT LDO_USDT_Perp | 0.4333 | 0.0100 | pay 0.0100% / 8h | 2h 27m | $308K | $3.5M | 10x |
| Short | Kraken Futures PF_LDOUSD | 0.4342 | −0.0328 | pay 0.0041% / 1h | 27m 23s | $1.1M | $556K | 50x |
GRVT LDO_USDT_Perp
Kraken Futures PF_LDOUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against GRVT. 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
- −$89.83
- Price spread: +0.210% → +0.075%
- $13.44
- Slippage, 4 orders
- −$78.08
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$173.46
- Costs to cover
- 0.971%
- Break-even
- never at this rate
Slippage from GRVT: live order book, 1 min ago; Kraken Futures: live order book, 1 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 GRVT live order book, 1 min ago | 1.15 bp | 15.8 bp −$16 | 64.6 bp −$646 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 1 min ago | 11.52 bp | 18.5 bp −$18 | doesn't fit | doesn't fit | doesn't fit |
LDO on 29 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 | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International LDO-PERP-INTX | −0.0688% | 1h | 0.4290 | −0.992% | $116K | $54K | 50x | as long as short |
| Kraken Futures PF_LDOUSDshort | −0.0328% | 1h | 0.4342 | +0.210% | $1.1M | $556K | 50x | |
| Deribit LDO_USDC-PERPETUAL | 0.0000% | 1h | 0.4344 | +0.254% | $3K | $10K | 25x | as long as short |
| dYdX LDO-USD | +0.0023% | 1h | 0.4339 | +0.134% | $84K | $17K | 5x | as long as short |
| Injective LDO/USDC PERP | +0.0033% | 1h | 0.4270 | −1.454% | $4K | $11 | 12x | as long as short |
| Lighter LDO | +0.0096% | 1h | 0.4355 | +0.512% | $883K | $264K | 10x | as long as short |
| Paradex LDO-USD-PERP | +0.0100% | 8h | 0.4341 | +0.185% | $3K | $56 | 20x | as long as short |
| Hyperliquid LDO | +0.0100% | 1h | 0.4344 | +0.263% | $12.0M | $3.5M | 5x | as long as short |
| Aster LDOUSDT | +0.0100% | 8h | 0.4343 | +0.234% | $171K | $144K | 10x | as long as short |
| Pacifica LDO | +0.0100% | 1h | 0.4343 | +0.237% | $111K | $182K | 10x | as long as short |
Coinbase International LDO-PERP-INTX
Deribit LDO_USDC-PERPETUAL
dYdX LDO-USD
Injective LDO/USDC PERP
Lighter LDO
Paradex LDO-USD-PERP
Hyperliquid LDO
Aster LDOUSDT
Pacifica LDOShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance LDOUSDT | +0.0100% | 8h | 0.4343 | +0.226% | $18.1M | $37.9M | 75x | as long as short |
| Bybit LDOUSDT | +0.0100% | 8h | 0.4340 | +0.162% | $16.8M | $12.9M | 50x | as long as short |
| OKX LDO-USDT-SWAP | +0.0100% | 8h | 0.4340 | +0.162% | $4.1M | $9.2M | 50x | as long as short |
| Gate LDO_USDT | +0.0100% | 8h | 0.4340 | +0.162% | $1.4M | $1.1M | 50x | as long as short |
| MEXC LDO_USDT | +0.0100% | 8h | 0.4342 | +0.208% | $8.8M | $7.6M | 200x | as long as short |
| KuCoin LDOUSDTM | +0.0100% | 8h | 0.4343 | +0.231% | $2.9M | $4.3M | 50x | as long as short |
| Bitget LDOUSDT | +0.0100% | 8h | 0.4340 | +0.162% | $3.4M | $3.7M | 75x | as long as short |
| BingX LDO-USDT | +0.0100% | 8h | 0.4340 | +0.162% | — | $3.9M | — | as long as short |
| Backpack LDO_USDC_PERP | +0.0100% | 1h | 0.4342 | +0.201% | $87K | $186K | 10x | as long as short |
| Variational Omni LDO | +0.0100% | 8h | 0.4332 | −0.016% | $202K | $89K | — | as long as short |
| GRVT LDO_USDT_Perplong | +0.0100% | 8h | 0.4333 | long leg | $308K | $3.5M | 10x | |
| ApeX Omni LDOUSDT | +0.0100% | 1h | 0.4330 | −0.069% | $35K | $648K | 50x | as long as short |
| Polymarket Perps LDO-USD | +0.0100% | 1h | 0.4344 | +0.252% | $34K | $697K | 5x | as long as short |
| SunX LDO-USDT | +0.0100% | 8h | 0.4444 | +2.562% | $2K | $1.5M | 20x | as long as short |
| Extended LDO-USD | +0.0104% | 1h | 0.4339 | +0.144% | $260K | $1.0M | 25x | as long as short |
| Aevo LDO-PERP | +0.0104% | 1h | 0.4342 | +0.208% | $38K | — | 3x | as long as short |
| BloFin LDO-USDT | +0.0126% | 8h | 0.4335 | +0.046% | $791K | $229K | 75x | as long as short |
| GMX LDO/USD [ETH-USDC] | L +0.0320% / S −0.0201% | 1h | 0.4344 | +0.245% | $24K | — | 100x | as long as short |
| Reya LDORUSDPERP | +0.0332% | 1h | 0.4340 | +0.165% | $303K | — | 15x | as long as short |
Binance LDOUSDT
Bybit LDOUSDT
OKX LDO-USDT-SWAP
Gate LDO_USDT
MEXC LDO_USDT
KuCoin LDOUSDTM
Bitget LDOUSDT
BingX LDO-USDT
Backpack LDO_USDC_PERP
Variational Omni LDO
ApeX Omni LDOUSDT
Polymarket Perps LDO-USD
SunX LDO-USDT
Extended LDO-USD
Aevo LDO-PERP
BloFin LDO-USDT
GMX LDO/USD [ETH-USDC]
Reya LDORUSDPERP