Funding you earn now, next payment 05:00 UTC+0.1674%/8h= +183.3% APRpaid last 24h +0.112%
Price spread now: Kraken Futures against GRVT−0.061%7-day average +0.150% · you buy dearer than you sell
Net, funding: paid 7d − costs−$1,974as in the Funding arb table
Net, price: spread back to 7d avg − costs−$2,008as in the Price arb table
costs, in and out, $10k−$1,98719.868% of the position
Funding, last 7 days+0.132%+$13 on $10k
+Price spread, last 4 days (all we have)−0.339%−$34 · spread now −0.061%, 7d avg +0.150%
=Together, before fees−0.208%+ Points / potential airdropGRVT: Active · farm board−$21 on $10k · with fees, hour by hour
Funding pays, the price is against you. Kraken Futures is 0.211% cheaper against GRVT than usual: you would sell low and buy high (spread −0.061% now, against its 7-day average of +0.150%). If the spread goes back, that is −$21 on $10k: about 10 hours of funding at the current rate (+$50 a day). At the pace of the last 7 days (+0.132% in total) that is about 11 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.132% in total (about 6.9% 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 W_USDT_Perp | 0.01181 | 0.0100 | pay 0.0050% / 4h | 3h 09m | $127K | $386K | 10x |
| Short | Kraken Futures PF_WUSD | 0.01180 | 0.1774 | get 0.0222% / 1h | 9m 24s | $146K | $185K | 20x |
GRVT W_USDT_Perp
Kraken Futures PF_WUSDFunding 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
- $351.6
- Price spread: −0.061% → +0.150%
- −$21.14
- Slippage, 4 orders
- −$1,967.79
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$1,656.33
- Costs to cover
- 19.868%
- Break-even
- 40.0 days
Slippage from GRVT: live order book, 43 min ago; Kraken Futures: live order book, 43 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, 43 min ago | 8.40 bp | 76.1 bp −$76 | 142.5 bp −$1,425 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 43 min ago | 13.03 bp | 56.7 bp −$57 | doesn't fit | doesn't fit | doesn't fit |
W on 17 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit W_USDC-PERPETUAL | −0.0090% | 1h | 0.01178 | −0.251% | $15K | $3K | 10x | as long as short |
| Injective W/USDC PERP | +0.0033% | 1h | 0.01209 | +2.409% | $1K | $1K | 12x | as long as short |
| Hyperliquid W | +0.0100% | 1h | 0.01176 | −0.386% | $2.0M | $299K | 5x | as long as short |
| Binance WUSDT | +0.0100% | 4h | 0.01176 | −0.420% | $2.9M | $5.6M | 50x | as long as short |
| Bybit WUSDT | +0.0100% | 4h | 0.01174 | −0.547% | $4.1M | $1.6M | 50x | as long as short |
| OKX W-USDT-SWAP | +0.0100% | 4h | 0.01174 | −0.547% | $1.3M | $1.6M | 20x | as long as short |
| Gate W_USDT | +0.0100% | 4h | 0.01176 | −0.412% | $432K | $258K | 75x | as long as short |
| MEXC W_USDT | +0.0100% | 4h | 0.01176 | −0.412% | $12.7M | $1.3M | 50x | as long as short |
| KuCoin WUSDTM | +0.0100% | 4h | 0.01176 | −0.386% | $383K | $200K | 50x | as long as short |
| Bitget WUSDT | +0.0100% | 4h | 0.01177 | −0.302% | $1.3M | $537K | 50x | as long as short |
Deribit W_USDC-PERPETUAL
Injective W/USDC PERP
Hyperliquid W
Binance WUSDT
Bybit WUSDT
OKX W-USDT-SWAP
Gate W_USDT
MEXC W_USDT
KuCoin WUSDTM
Bitget WUSDTShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX W-USDT | +0.0100% | 4h | 0.01175 | −0.497% | — | $6.8M | — | as long as short |
| Variational Omni W | +0.0100% | 4h | 0.01177 | −0.312% | $71K | $39K | — | as long as short |
| GRVT W_USDT_Perplong | +0.0100% | 4h | 0.01181 | long leg | $127K | $386K | 10x | |
| Extended W-USD | +0.0104% | 1h | 0.01177 | −0.305% | $61K | $171K | 5x | as long as short |
| Coinbase International W-PERP-INTX | +0.0440% | 1h | 0.01180 | −0.022% | $14K | $13K | 50x | as long as short |
| Backpack W_USDC_PERP | +0.1335% | 1h | 0.01179 | −0.115% | $44K | $42K | 15x | as long as short |
| Kraken Futures PF_WUSDshort | +0.1774% | 1h | 0.01180 | −0.061% | $146K | $185K | 20x |
BingX W-USDT
Variational Omni W
Extended W-USD
Coinbase International W-PERP-INTX
Backpack W_USDC_PERP