Funding you earn now, next payment 01:00 UTC−0.0691%/8h= −75.7% APRpaid last 24h −0.143%
Price spread now: GRVT against Kraken Futures+0.270%75s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.275%−$27 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=The price spread pays, funding is against you. GRVT is 0.270% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.270% now, against zero (this spread has no 7-day history yet)): +$27 on $10k if it goes back. Holding the pair costs −$21 a day in funding at the current rate, which eats that in about 31 hours. At the pace of the last 7 days (−0.275% in total) that is about 6.9 days. 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 -0.275% in total (about -14.3% 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 | Kraken Futures PF_RIVERUSD | 1.2671 | 0.0791 | pay 0.0099% / 1h | 39m 53s | $57K | $71K | 10x |
| Short | GRVT RIVER_USDT_Perp | 1.2706 | 0.0100 | get 0.0050% / 4h | 3h 39m | $36K | $425K | 10x |
Kraken Futures PF_RIVERUSD
GRVT RIVER_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
- −$145.12
- Price spread: +0.270% → 0.000%
- $26.97
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Net
- −$137.15
- Costs to cover
- 0.190%
- Break-even
- from the start
Slippage unknown: Kraken Futures: no order-book sample; GRVT: live order book, 33 min ago. Net counts fees only.
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 no order-book sample | — | — | — | — | — |
| Sell GRVT live order book, 33 min ago | 55.51 bp | 60.0 bp −$60 | doesn't fit | doesn't fit | doesn't fit |
Kraken Futures: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
RIVER on 16 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 | |
|---|---|---|---|---|---|---|---|---|
| Lighter RIVER | +0.0096% | 1h | 1.2680 | +0.068% | $41K | $17K | 3x | as long as short |
| OKX RIVER-USDT-SWAP | +0.0100% | 4h | 1.2690 | +0.147% | $2.1M | $3.8M | 20x | as long as short |
| Gate RIVER_USDT | +0.0100% | 4h | 1.2690 | +0.147% | $427K | $111K | 20x | as long as short |
| KuCoin RIVERUSDTM | +0.0100% | 4h | 1.2670 | −0.011% | $2.5M | $2.4M | 50x | as long as short |
| GRVT RIVER_USDT_Perpshort | +0.0100% | 4h | 1.2706 | +0.270% | $36K | $425K | 10x | |
| SunX RIVER-USDT | +0.0100% | 4h | 1.2660 | −0.090% | $1K | $999K | 20x | as long as short |
| HTX RIVER-USDT | +0.0100% | 4h | 1.2690 | +0.147% | $48K | $95K | 20x | as long as short |
| Bitget RIVERUSDT | +0.0204% | 4h | 1.2680 | +0.068% | $3.0M | $1.9M | 20x | as long as short |
| Variational Omni RIVER | +0.0399% | 4h | 1.2688 | +0.131% | $42K | $20K | — | as long as short |
| BingX RIVER-USDT | +0.0532% | 4h | 1.2690 | +0.147% | — | $6.8M | — | as long as short |
Lighter RIVER
OKX RIVER-USDT-SWAP
Gate RIVER_USDT
KuCoin RIVERUSDTM
SunX RIVER-USDT
HTX RIVER-USDT
Bitget RIVERUSDT
Variational Omni RIVER
BingX RIVER-USDTShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin RIVER-USDT | +0.0546% | 4h | 1.2690 | +0.147% | $421K | $33K | 50x | as long as short |
| MEXC RIVER_USDT | +0.0554% | 4h | 1.2680 | +0.068% | $3.7M | $1.5M | 50x | as long as short |
| Binance RIVERUSDT | +0.0555% | 4h | 1.2690 | +0.147% | $6.1M | $10.5M | 50x | as long as short |
| Aster RIVERUSDT | +0.0606% | 4h | 1.2667 | −0.035% | $73K | $31K | 10x | as long as short |
| Bybit RIVERUSDT | +0.0761% | 4h | 1.2690 | +0.147% | $3.8M | $1.7M | 25x | as long as short |
| Kraken Futures PF_RIVERUSDlong | +0.0791% | 1h | 1.2671 | long leg | $57K | $71K | 10x |
BloFin RIVER-USDT
MEXC RIVER_USDT
Binance RIVERUSDT
Aster RIVERUSDT
Bybit RIVERUSDT