Funding you earn now, next payment 23:00 UTC−0.0125%/8h= −13.7% APRpaid last 24h −0.082%
Price spread now: GRVT against Kraken Futures−0.131%75s7-day average −0.132% · you buy dearer than you sell
Net, funding: paid 7d − costs−$108as 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−$1081.081% of the position
Funding, last 7 days−0.002%$0 on $10k
+Price spread, last 3 days (all we have)−0.017%−$2 · spread now −0.131%, 7d avg −0.132%
=Together, before fees−0.019%+ Points / potential airdropGRVT: Active · farm board−$2 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.132%, so right now this pair is about funding alone: −$4 a day on $10k at the current rate. The two prices were read 75 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_OPUSD | 0.1281 | 0.0225 | pay 0.0028% / 1h | 9m 40s | $801K | $745K | 20x |
| Short | GRVT OP_USDT_Perp | 0.1279 | 0.0100 | get 0.0100% / 8h | 1h 09m | $320K | $5.1M | 10x |
Kraken Futures PF_OPUSD
GRVT OP_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
- −$26.18
- Price spread: −0.131% → −0.132%
- $0.12
- Slippage, 4 orders
- −$89.1
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Net
- −$134.16
- Costs to cover
- 1.081%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 9 min ago; GRVT: live order book, 4 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, 9 min ago | 8.20 bp | 33.6 bp −$34 | 121.0 bp −$1,210 | doesn't fit | doesn't fit |
| Sell GRVT live order book, 4 min ago | 3.91 bp | 26.3 bp −$26 | 377.9 bp −$3,779 | doesn't fit | doesn't fit |
OP on 30 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective OP/USDC PERP | −0.1710% | 1h | 0.1274 | −0.553% | $35K | $58K | 12x | as long as short |
| GMX OP/USD [OP-USDC] | L −0.1065% / S +0.0229% | 1h | 0.1279 | −0.129% | $13K | — | 100x | as long as short |
| Coinbase International OP-PERP-INTX | −0.0360% | 1h | 0.1280 | −0.085% | $21K | $65K | 50x | as long as short |
| dYdX OP-USD | 0.0000% | 1h | 0.1283 | +0.135% | $40K | $519 | 10x | as long as short |
| Deribit OP_USDC-PERPETUAL | 0.0000% | 1h | 0.1280 | −0.085% | $42K | $171K | 25x | as long as short |
| gTrade (Gains Network) OP/USD | L +0.0004% / S −0.0004% | 1h | 0.1280 | −0.085% | — | — | 150x | as long as short |
| Orderly PERP_OP_USDC | +0.0063% | 8h | 0.1279 | −0.163% | $6K | $49K | 10x | as long as short |
| Variational Omni OP | +0.0063% | 8h | 0.1280 | −0.102% | $233K | $53K | — | as long as short |
| Lighter OP | +0.0096% | 1h | 0.1283 | +0.165% | $290K | $923K | 15x | as long as short |
| Hyperliquid OP | +0.0100% | 1h | 0.1283 | +0.134% | $4.2M | $2.9M | 5x | as long as short |
Injective OP/USDC PERP
GMX OP/USD [OP-USDC]
Coinbase International OP-PERP-INTX
dYdX OP-USD
Deribit OP_USDC-PERPETUAL
gTrade (Gains Network) OP/USD
Orderly PERP_OP_USDC
Variational Omni OP
Lighter OP
Hyperliquid OPShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster OPUSDT | +0.0100% | 8h | 0.1280 | −0.054% | $214K | $241K | 10x | as long as short |
| Binance OPUSDT | +0.0100% | 8h | 0.1282 | +0.079% | $20.8M | $61.8M | 75x | as long as short |
| Bybit OPUSDT | +0.0100% | 8h | 0.1282 | +0.064% | $18.8M | $25.4M | 75x | as long as short |
| OKX OP-USDT-SWAP | +0.0100% | 8h | 0.1282 | +0.095% | $6.0M | $30.3M | 50x | as long as short |
| Gate OP_USDT | +0.0100% | 8h | 0.1280 | −0.093% | $2.0M | $1.5M | 50x | as long as short |
| MEXC OP_USDT | +0.0100% | 8h | 0.1282 | +0.095% | $20.4M | $7.2M | 300x | as long as short |
| KuCoin OPUSDTM | +0.0100% | 8h | 0.1281 | −0.007% | $2.9M | $7.5M | 75x | as long as short |
| Bitget OPUSDT | +0.0100% | 8h | 0.1283 | +0.149% | $6.1M | $6.3M | 75x | as long as short |
| BingX OP-USDT | +0.0100% | 8h | 0.1280 | −0.085% | — | $6.8M | — | as long as short |
| Backpack OP_USDC_PERP | +0.0100% | 1h | 0.1279 | −0.139% | $125K | $192K | 10x | as long as short |
| edgeX OPUSDC | +0.0100% | 4h | 0.1279 | −0.135% | $9K | $382K | 10x | as long as short |
| GRVT OP_USDT_Perpshort | +0.0100% | 8h | 0.1279 | −0.131% | $320K | $5.1M | 10x | |
| ApeX Omni OPUSDT | +0.0100% | 1h | 0.1280 | −0.085% | $46K | $722K | 50x | as long as short |
| SoDEX OP-USD | +0.0100% | 1h | 0.1280 | −0.116% | $178 | $6K | 5x | as long as short |
| HTX OP-USDT | +0.0100% | 8h | 0.1280 | −0.124% | $177K | $232K | 50x | as long as short |
| Extended OP-USD | +0.0104% | 1h | 0.1279 | −0.164% | $102K | $186K | 25x | as long as short |
| Aevo OP-PERP | +0.0104% | 1h | 0.1279 | −0.176% | $4K | — | 3x | as long as short |
| BloFin OP-USDT | +0.0220% | 8h | 0.1280 | −0.046% | $1.0M | $299K | 75x | as long as short |
| Kraken Futures PF_OPUSDlong | +0.0225% | 1h | 0.1281 | long leg | $801K | $745K | 20x | |
| Reya OPRUSDPERP | +0.0437% | 1h | 0.1278 | −0.202% | $711 | — | 20x | as long as short |
Aster OPUSDT
Binance OPUSDT
Bybit OPUSDT
OKX OP-USDT-SWAP
Gate OP_USDT
MEXC OP_USDT
KuCoin OPUSDTM
Bitget OPUSDT
BingX OP-USDT
Backpack OP_USDC_PERP
edgeX OPUSDC
ApeX Omni OPUSDT
SoDEX OP-USD
HTX OP-USDT
Extended OP-USD
Aevo OP-PERP
BloFin OP-USDT
Reya OPRUSDPERP