Funding you earn now, next payment 05:00 UTC−0.0215%/8h= −23.6% APRpaid last 24h +0.130%
Price spread now: GRVT against Kraken Futures−0.014%7-day average +0.250% · you buy dearer than you sell
Net, funding: paid 7d − costs−$161as in the Funding arb table
Net, price: spread back to 7d avg − costs−$262as in the Price arb table
costs, in and out, $10k−$2362.360% of the position
Funding, last 7 days+0.749%+$75 on $10k
+Price spread, last 4 days (all we have)+1.101%+$110 · spread now −0.014%, 7d avg +0.250%
=Together, before fees+1.850%+ Points / potential airdropGRVT: Active · farm board+$185 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and GRVT is 0.264% cheaper against Kraken Futures than usual: you would sell low and buy high (−$26 if the spread goes back to its 7-day average of +0.250%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.749%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_POPCATUSD | 0.05672 | 0.0507 | pay 0.0063% / 1h | 50m 53s | $151K | $146K | 20x |
| Short | GRVT POPCAT_USDT_Perp | 0.05671 | 0.0292 | get 0.0146% / 4h | 3h 50m | $253K | $502K | 10x |
Kraken Futures PF_POPCATUSD
GRVT POPCAT_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
- −$45.19
- Price spread: −0.014% → +0.250%
- −$26.42
- Slippage, 4 orders
- −$217.03
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Net
- −$307.65
- Costs to cover
- 2.360%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 1 min ago; GRVT: live order book, 2 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, 1 min ago | 26.50 bp | 51.2 bp −$51 | 18462.9 bp −$184.6K | doesn't fit | doesn't fit |
| Sell GRVT live order book, 2 min ago | 3.52 bp | 108.8 bp −$109 | doesn't fit | doesn't fit | doesn't fit |
POPCAT on 18 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 POPCAT/USDC PERP | −0.4864% | 1h | 0.05579 | −1.644% | $3K | $2K | 5.5x | as long as short |
| Reya POPCATRUSDPERP | −0.0228% | 1h | 0.05671 | −0.025% | $1 | — | 10x | as long as short |
| Variational Omni POPCAT | −0.0082% | 4h | 0.05665 | −0.136% | $510K | $162K | — | as long as short |
| Lighter POPCAT | +0.0096% | 1h | 0.05673 | +0.013% | $102K | $51K | 10x | as long as short |
| Binance POPCATUSDT | +0.0100% | 4h | 0.05676 | +0.066% | $2.4M | $7.1M | 50x | as long as short |
| Bybit POPCATUSDT | +0.0100% | 4h | 0.05668 | −0.075% | $8.9M | $6.5M | 50x | as long as short |
| OKX POPCAT-USDT-SWAP | +0.0100% | 4h | 0.05675 | +0.049% | $701K | $1.6M | 20x | as long as short |
| Gate POPCAT_USDT | +0.0100% | 4h | 0.05667 | −0.092% | $446K | $630K | 50x | as long as short |
| MEXC POPCAT_USDT | +0.0100% | 4h | 0.05676 | +0.066% | $1.8M | $969K | 200x | as long as short |
| KuCoin POPCATUSDTM | +0.0100% | 4h | 0.05667 | −0.092% | $1.1M | $979K | 50x | as long as short |
Injective POPCAT/USDC PERP
Reya POPCATRUSDPERP
Variational Omni POPCAT
Lighter POPCAT
Binance POPCATUSDT
Bybit POPCATUSDT
OKX POPCAT-USDT-SWAP
Gate POPCAT_USDT
MEXC POPCAT_USDT
KuCoin POPCATUSDTMShow all 18 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget POPCATUSDT | +0.0100% | 4h | 0.05680 | +0.137% | $1.2M | $937K | 50x | as long as short |
| BingX POPCAT-USDC | +0.0100% | 4h | 0.05670 | −0.040% | — | $1.6M | — | as long as short |
| ApeX Omni POPCATUSDT | +0.0100% | 1h | 0.05660 | −0.216% | $22K | $656K | 25x | as long as short |
| Extended POPCAT-USD | +0.0104% | 1h | 0.05670 | −0.045% | $96K | $523K | 10x | as long as short |
| GRVT POPCAT_USDT_Perpshort | +0.0292% | 4h | 0.05671 | −0.014% | $253K | $502K | 10x | |
| BloFin POPCAT-USDT | +0.0340% | 4h | 0.05664 | −0.145% | $127K | $329K | 50x | as long as short |
| Kraken Futures PF_POPCATUSDlong | +0.0507% | 1h | 0.05672 | long leg | $151K | $146K | 20x | |
| Hyperliquid POPCAT | +0.0631% | 1h | 0.05682 | +0.172% | $2.6M | $1.0M | 3x | as long as short |
Bitget POPCATUSDT
BingX POPCAT-USDC
ApeX Omni POPCATUSDT
Extended POPCAT-USD
BloFin POPCAT-USDT
Hyperliquid POPCAT