Funding you earn now, next payment 12:00 UTC−0.0486%/8h= −53.2% APRnext payment −$2.43 per $10,000 · paid last 24h −0.064%
Price spread now: GRVT against KuCoin−0.063%83s7-day average +0.036% · you buy dearer than you sell
Net, funding: paid 7d − costs−$143as 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−$1761.759% of the position
Funding, last 7 days+0.334%+$33 on $10k
+Price spread, last 7 days+0.025%+$2 · spread now −0.063%, 7d avg +0.036%
=Together, before fees+0.358%+ Points / potential airdropGRVT: Active · farm board+$36 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$15 a day on $10k at the current rate, and GRVT is 0.100% cheaper against KuCoin than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of +0.036%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.334%, so the current rate has only just turned against you. The two prices were read 83 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 0.334% in total (about 17.4% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.43 per $10,000. 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 | KuCoin PROVEUSDTM | 0.2297 | −0.0486 | get 0.0243% / 4h | 3h 56m | $2.8M | $682K | 50x |
| Short | GRVT PROVE_USDT_Perp | 0.2296 | −0.0972 | pay 0.0486% / 4h | 3h 56m | $223K | $3.5M | 10x |
KuCoin PROVEUSDTM
GRVT PROVE_USDT_PerpFunding history
latest
Range statsloading…
Price spread between the two exchanges
GRVT against KuCoin. 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
- −$102.06
- Price spread: −0.063% → +0.036%
- −$9.98
- Slippage, 4 orders
- −$154.88
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Net
- −$287.92
- Costs to cover
- 1.759%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 11 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 KuCoin live order book, 11 min ago | 4.78 bp | 44.2 bp −$44 | 392.6 bp −$3,926 | doesn't fit | doesn't fit |
| Sell GRVT live order book, 3 min ago | 4.36 bp | 33.7 bp −$34 | 110.3 bp −$1,103 | doesn't fit | doesn't fit |
PROVE on 14 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 | |
|---|---|---|---|---|---|---|---|---|
| ApeX Omni PROVEUSDT | −0.1074% | 1h | 0.2298 | +0.044% | $15K | $308K | 50x | as long as short |
| GRVT PROVE_USDT_Perpshort | −0.0972% | 4h | 0.2296 | −0.063% | $223K | $3.5M | 10x | |
| Aster PROVEUSDT | −0.0966% | 4h | 0.2295 | −0.080% | $38K | $208K | 5x | as long as short |
| Bitget PROVEUSDT | −0.0832% | 4h | 0.2295 | −0.087% | $631K | $3.6M | 50x | as long as short |
| Hyperliquid PROVE | −0.0521% | 1h | 0.2296 | −0.022% | $323K | $690K | 3x | as long as short |
| KuCoin PROVEUSDTMlong | −0.0486% | 4h | 0.2297 | long leg | $2.8M | $682K | 50x | |
| OKX PROVE-USDT-SWAP | −0.0476% | 4h | 0.2295 | −0.087% | $640K | $6.4M | 20x | as long as short |
| MEXC PROVE_USDT | −0.0466% | 4h | 0.2293 | −0.174% | $302K | $379K | 20x | as long as short |
| Binance PROVEUSDT | −0.0462% | 4h | 0.2295 | −0.087% | $3.4M | $29.1M | 75x | as long as short |
| Bybit PROVEUSDT | +0.0007% | 4h | 0.2300 | +0.131% | $2.1M | $8.5M | 25x | as long as short |
ApeX Omni PROVEUSDT
Aster PROVEUSDT
Bitget PROVEUSDT
Hyperliquid PROVE
OKX PROVE-USDT-SWAP
MEXC PROVE_USDT
Binance PROVEUSDT
Bybit PROVEUSDTShow all 14 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate PROVE_USDT | +0.0042% | 4h | 0.2298 | +0.044% | $157K | $686K | 75x | as long as short |
| Lighter PROVE | +0.0096% | 1h | 0.2298 | +0.039% | $36K | $118K | 3x | as long as short |
| BingX PROVE-USDT | +0.0100% | 4h | 0.2296 | −0.044% | — | $2.4M | — | as long as short |
| Variational Omni PROVE | +0.0100% | 4h | 0.2302 | +0.204% | $27K | $45K | — | as long as short |
Gate PROVE_USDT
Lighter PROVE
BingX PROVE-USDT
Variational Omni PROVE