Funding you earn now, next payment 22:00 UTC+0.0405%/8h= +44.4% APRpaid last 24h +0.012%
Price spread now: Kraken Futures against GRVT+0.058%75s7-day average +0.027% · you sell dearer than you buy
Net, funding: paid 7d − costs−$31as 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−$370.375% of the position
Funding, last 7 days+0.064%+$6 on $10k
+Price spread, last 3 days (all we have)+0.149%+$15 · spread now +0.058%, 7d avg +0.027%
=Together, before fees+0.213%+ Points / potential airdropGRVT: Active · farm board+$21 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$12 a day on $10k at the current rate, and Kraken Futures is 0.031% dearer against GRVT than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.027%. 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 0.064% in total (about 3.3% 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 LINK_USDT_Perp | 13.112 | 0.0100 | pay 0.0100% / 8h | 2h 34m | $592K | $2.8M | 10x |
| Short | Kraken Futures PF_LINKUSD | 13.120 | 0.0505 | get 0.0063% / 1h | 34m 05s | $7.0M | $7.8M | 50x |
GRVT LINK_USDT_Perp
Kraken Futures PF_LINKUSDFunding 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
- $85.08
- Price spread: +0.058% → +0.027%
- $3.08
- Slippage, 4 orders
- −$18.5
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $50.67
- Costs to cover
- 0.375%
- Break-even
- 2.8 days
Slippage from GRVT: live order book, 5 min ago; Kraken Futures: live order book, 5 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, 5 min ago | 1.15 bp | 6.8 bp −$7 | 12.6 bp −$126 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 5 min ago | 1.91 bp | 12.4 bp −$12 | 16.2 bp −$162 | 36.9 bp −$3,693 | doesn't fit |
LINK on 40 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 | |
|---|---|---|---|---|---|---|---|---|
| GMX LINK/USD [LINK-USDC] | L −0.0091% / S +0.0165% | 1h | 13.114 | +0.016% | $1.7M | — | 200x | as long as short |
| Kalshi KXLINKPERP | 0.0000% | 8h | 13.120 | +0.064% | $466K | $2.3M | 3.7x | as long as short |
| Deribit LINK_USDC-PERPETUAL | 0.0000% | 1h | 13.114 | +0.012% | $711K | $119K | 50x | as long as short |
| gTrade (Gains Network) LINK/USD | L +0.0003% / S −0.0002% | 1h | 13.115 | +0.023% | $83K | — | 150x | as long as short |
| Phoenix LINK | +0.0018% | 1h | 13.072 | −0.307% | $3K | $84K | 10x | as long as short |
| dYdX LINK-USD | +0.0028% | 1h | 13.122 | +0.078% | $348K | $60K | 10x | as long as short |
| Injective LINK/USDC PERP | +0.0033% | 1h | 12.400 | −5.430% | $4K | $48K | 12x | as long as short |
| Orderly PERP_LINK_USDC | +0.0048% | 8h | 13.106 | −0.046% | $134K | $1.6M | 20x | as long as short |
| Variational Omni LINK | +0.0059% | 8h | 13.098 | −0.107% | $3.3M | $1.5M | — | as long as short |
| Lighter LINK | +0.0096% | 1h | 13.116 | +0.027% | $2.1M | $2.4M | 10x | as long as short |
GMX LINK/USD [LINK-USDC]
Kalshi KXLINKPERP
Deribit LINK_USDC-PERPETUAL
gTrade (Gains Network) LINK/USD
Phoenix LINK
dYdX LINK-USD
Injective LINK/USDC PERP
Orderly PERP_LINK_USDC
Variational Omni LINK
Lighter LINKShow all 40 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Paradex LINK-USD-PERP | +0.0100% | 8h | 13.121 | +0.065% | $32K | $3K | 20x | as long as short |
| Nado LINK-PERP | +0.0100% | 1h | 13.118 | +0.049% | $398K | $318K | 10x | as long as short |
| Hyperliquid LINK | +0.0100% | 1h | 13.130 | +0.137% | $77.6M | $23.6M | 10x | as long as short |
| Aster LINKUSDT | +0.0100% | 8h | 13.118 | +0.047% | $1.6M | $2.7M | 50x | as long as short |
| Pacifica LINK | +0.0100% | 1h | 13.123 | +0.084% | $275K | $152K | 10x | as long as short |
| Binance LINKUSDT | +0.0100% | 8h | 13.118 | +0.047% | $121.2M | $300.0M | 75x | as long as short |
| Bybit LINKUSDT | +0.0100% | 8h | 13.117 | +0.038% | $84.5M | $69.2M | 75x | as long as short |
| OKX LINK-USDT-SWAP | +0.0100% | 8h | 13.119 | +0.053% | $27.6M | $84.7M | 50x | as long as short |
| Arcus LINK-USD | +0.0100% | 1h | 13.133 | +0.160% | $184K | $172K | 10x | as long as short |
| Gate LINK_USDT | +0.0100% | 8h | 13.115 | +0.023% | $130.5M | $12.7M | 75x | as long as short |
| MEXC LINK_USDT | +0.0100% | 8h | 13.117 | +0.038% | $35.9M | $56.2M | 300x | as long as short |
| KuCoin LINKUSDTM | +0.0100% | 8h | 13.117 | +0.038% | $22.0M | $15.8M | 75x | as long as short |
| Bitget LINKUSDT | +0.0100% | 8h | 13.120 | +0.061% | $54.2M | $30.1M | 75x | as long as short |
| BingX LINK-USDC | +0.0100% | 8h | 13.119 | +0.053% | — | $6.6M | — | as long as short |
| Backpack LINK_USDC_PERP | +0.0100% | 1h | 13.127 | +0.114% | $362K | $370K | 15x | as long as short |
| edgeX LINKUSDC | +0.0100% | 4h | 13.077 | −0.270% | $43K | $307K | 20x | as long as short |
| GRVT LINK_USDT_Perplong | +0.0100% | 8h | 13.112 | long leg | $592K | $2.8M | 10x | |
| ApeX Omni LINKUSDT | +0.0100% | 1h | 13.110 | −0.016% | $153K | $664K | 50x | as long as short |
| Polymarket Perps LINK-USD | +0.0100% | 1h | 13.122 | +0.076% | $80K | $65K | 10x | as long as short |
| Derive LINK-PERP | +0.0100% | 1h | 13.109 | −0.026% | $16K | $16K | 10x | as long as short |
| SunX LINK-USDT | +0.0100% | 8h | 13.123 | +0.086% | $34K | $1.5M | 30x | as long as short |
| SoDEX LINK-USD | +0.0100% | 1h | 13.112 | 0.000% | $5K | $40K | 10x | as long as short |
| HTX LINK-USDT | +0.0100% | 8h | 13.107 | −0.039% | $644K | $911K | 75x | as long as short |
| Extended LINK-USD | +0.0104% | 1h | 13.108 | −0.030% | $664K | $1.9M | 25x | as long as short |
| Aevo LINK-PERP | +0.0104% | 1h | 13.115 | +0.022% | $550K | $2K | 3x | as long as short |
| Coinbase International LINK-PERP-INTX | +0.0104% | 1h | 13.113 | +0.007% | $988K | $2.7M | 50x | as long as short |
| BloFin LINK-USDT | +0.0220% | 8h | 13.103 | −0.069% | $5.2M | $16.8M | 75x | as long as short |
| Reya LINKRUSDPERP | +0.0373% | 1h | 13.115 | +0.023% | $5K | — | 20x | as long as short |
| Phemex LINKUSDT | +0.0489% | 8h | 13.126 | +0.106% | $20.3M | $11.5M | 50x | as long as short |
| Kraken Futures PF_LINKUSDshort | +0.0505% | 1h | 13.120 | +0.058% | $7.0M | $7.8M | 50x |
Paradex LINK-USD-PERP
Nado LINK-PERP
Hyperliquid LINK
Aster LINKUSDT
Pacifica LINK
Binance LINKUSDT
Bybit LINKUSDT
OKX LINK-USDT-SWAP
Arcus LINK-USD
Gate LINK_USDT
MEXC LINK_USDT
KuCoin LINKUSDTM
Bitget LINKUSDT
BingX LINK-USDC
Backpack LINK_USDC_PERP
edgeX LINKUSDC
ApeX Omni LINKUSDT
Polymarket Perps LINK-USD
Derive LINK-PERP
SunX LINK-USDT
SoDEX LINK-USD
HTX LINK-USDT
Extended LINK-USD
Aevo LINK-PERP
Coinbase International LINK-PERP-INTX
BloFin LINK-USDT
Reya LINKRUSDPERP
Phemex LINKUSDT