Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.3246 | −0.0133 | get 0.0017% / 1h | 10m 10s | $804K | $642K | 25x | Long Kraken Futures | |
| SHORT | 0.3265 | +0.0100 | get 0.0100% / 8h | 2h 10m | $234K | $4.0M | 10x | Short GRVT |
Price gap+0.584%62s
Funding gap+0.0233% /8h
Both sides work: funding pays +$7 a day on $10k, and the gap is 0.546% above its 7d average: +$55 more if it goes back.
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—spread +0.584%62s now · prices read too far apart to compare
Costs−$560.564% 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+0.584%
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 books12.9 / 14.7 bpEntry at $10k a leg, taker fee + slippage. Closing costs about the same.
- Note: Margin at max leverage$400 + $1,000Kraken Futures 25x, GRVT 10x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ1h / 8hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: +$6.98Long Kraken Futures: 24 payments, +$3.98; short GRVT: 3 payments, +$3.00.
- Watch: Prices read 62 s apart+0.584% vs +0.038%Part of this gap may be the market moving.
- Watch: Short leg is thinner$234K vs $804K OIGRVT sets your exit cost. Check its book before closing.
- OK: Points on a legGRVT pointsVolume here counts toward the points program.
- Watch: KYCKraken Futures Yes · GRVT NoFull 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 spreadprices read too far apart to compare—
Slippage, 4 orderslive order books−$37.38
Fee Kraken Futures bp × 2 orders−$10.00
Fee GRVT bp × 2 orders−$9.00
Net · 7 days · $10k−$21.36
price spread not counted: prices read too far apartCosts to cover0.564%Break-even11.3 days
Slippage: Kraken Futures: live order book, 46 min ago; GRVT: live order book, 2 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGKraken Futures1.5312.9 bp−$1330.0 bp−$300doesn’t fitdoesn’t fit
SELL · SHORTGRVT3.0714.7 bp−$1530.4 bp−$304doesn’t fitdoesn’t fit
Closing costs about the same again.
Phemex