Funding you earn now, next payment 22:00 UTC+0.0426%/8h= +46.7% APRpaid last 24h −0.001%
Price spread now: GRVT against Kraken Futures−0.664%75s7-day average −0.075% · you buy dearer than you sell
Net, funding: paid 7d − costs−$88as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
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)+0.633%+$63 · spread now −0.664%, 7d avg −0.075%
=Together, before fees+0.721%+ Points / potential airdropGRVT: Active · farm board+$72 on $10k · with fees, hour by hour
Funding pays, the price is against you. GRVT is 0.589% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.664% now, against its 7-day average of −0.075%). If the spread goes back, that is −$59 on $10k: about 4.6 days of funding at the current rate (+$13 a day). At the pace of the last 7 days (+0.087% in total) that is about 47 days. The two prices were read 75 seconds apart, so part of this spread may be the market moving, not a spread.
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 | Kraken Futures PF_LDOUSD | 0.4362 | −0.0326 | get 0.0041% / 1h | 26m 18s | $1.1M | $556K | 50x |
| Short | GRVT LDO_USDT_Perp | 0.4333 | 0.0100 | get 0.0100% / 8h | 2h 26m | $308K | $3.5M | 10x |
Kraken Futures PF_LDOUSD
GRVT LDO_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
- $89.51
- Price spread: −0.664% → −0.075%
- −$58.9
- Slippage, 4 orders
- −$78.08
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Net
- −$66.47
- Costs to cover
- 0.971%
- Break-even
- 12.2 days
Slippage from Kraken Futures: live order book, 2 min ago; GRVT: 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, 2 min ago | 11.52 bp | 27.9 bp −$28 | 105.0 bp −$1,050 | doesn't fit | doesn't fit |
| Sell GRVT live order book, 3 min ago | 1.15 bp | 34.9 bp −$35 | 110.3 bp −$1,103 | 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 | −1.650% | $116K | $54K | 50x | as long as short |
| Kraken Futures PF_LDOUSDlong | −0.0326% | 1h | 0.4362 | long leg | $1.1M | $556K | 50x | |
| Deribit LDO_USDC-PERPETUAL | 0.0000% | 1h | 0.4362 | +0.001% | $3K | $10K | 25x | as long as short |
| dYdX LDO-USD | +0.0022% | 1h | 0.4359 | −0.071% | $84K | $17K | 5x | as long as short |
| Injective LDO/USDC PERP | +0.0033% | 1h | 0.4270 | −2.108% | $4K | $11 | 12x | as long as short |
| BloFin LDO-USDT | +0.0087% | 8h | 0.4347 | −0.343% | $793K | $230K | 75x | as long as short |
| Lighter LDO | +0.0096% | 1h | 0.4374 | +0.267% | $887K | $264K | 10x | as long as short |
| Paradex LDO-USD-PERP | +0.0100% | 8h | 0.4356 | −0.128% | $3K | $56 | 20x | as long as short |
| Hyperliquid LDO | +0.0100% | 1h | 0.4362 | −0.008% | $12.1M | $3.6M | 5x | as long as short |
| Aster LDOUSDT | +0.0100% | 8h | 0.4360 | −0.053% | $171K | $144K | 10x | as long as short |
Coinbase International LDO-PERP-INTX
Deribit LDO_USDC-PERPETUAL
dYdX LDO-USD
Injective LDO/USDC PERP
BloFin LDO-USDT
Lighter LDO
Paradex LDO-USD-PERP
Hyperliquid LDO
Aster LDOUSDTShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica LDO | +0.0100% | 1h | 0.4361 | −0.017% | $112K | $182K | 10x | as long as short |
| Binance LDOUSDT | +0.0100% | 8h | 0.4361 | −0.022% | $18.2M | $38.0M | 75x | as long as short |
| Bybit LDOUSDT | +0.0100% | 8h | 0.4358 | −0.091% | $16.9M | $12.9M | 50x | as long as short |
| OKX LDO-USDT-SWAP | +0.0100% | 8h | 0.4358 | −0.091% | $4.1M | $9.2M | 50x | as long as short |
| Gate LDO_USDT | +0.0100% | 8h | 0.4359 | −0.068% | $1.4M | $1.1M | 50x | as long as short |
| MEXC LDO_USDT | +0.0100% | 8h | 0.4358 | −0.091% | $8.8M | $7.6M | 200x | as long as short |
| KuCoin LDOUSDTM | +0.0100% | 8h | 0.4360 | −0.045% | $2.9M | $4.3M | 50x | as long as short |
| Bitget LDOUSDT | +0.0100% | 8h | 0.4357 | −0.114% | $3.4M | $3.7M | 75x | as long as short |
| BingX LDO-USDT | +0.0100% | 8h | 0.4358 | −0.091% | — | $3.9M | — | as long as short |
| Backpack LDO_USDC_PERP | +0.0100% | 1h | 0.4359 | −0.073% | $87K | $186K | 10x | as long as short |
| Variational Omni LDO | +0.0100% | 8h | 0.4332 | −0.680% | $202K | $89K | — | as long as short |
| GRVT LDO_USDT_Perpshort | +0.0100% | 8h | 0.4333 | −0.664% | $308K | $3.5M | 10x | |
| ApeX Omni LDOUSDT | +0.0100% | 1h | 0.4330 | −0.733% | $35K | $648K | 50x | as long as short |
| Polymarket Perps LDO-USD | +0.0100% | 1h | 0.4361 | −0.020% | $22K | $739K | 5x | as long as short |
| SunX LDO-USDT | +0.0100% | 8h | 0.4462 | +2.293% | $2K | $1.5M | 20x | as long as short |
| Extended LDO-USD | +0.0104% | 1h | 0.4357 | −0.108% | $260K | $1.0M | 25x | as long as short |
| Aevo LDO-PERP | +0.0104% | 1h | 0.4360 | −0.037% | $39K | — | 3x | as long as short |
| GMX LDO/USD [ETH-USDC] | L +0.0320% / S −0.0201% | 1h | 0.4362 | −0.003% | $24K | — | 100x | as long as short |
| Reya LDORUSDPERP | +0.0332% | 1h | 0.4357 | −0.122% | $304K | — | 15x | as long as short |
Pacifica LDO
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
GMX LDO/USD [ETH-USDC]
Reya LDORUSDPERP