Funding you earn now, next payment 06:00 UTC−0.1627%/8h= −178.1% APRpaid last 24h −0.138%
Price spread now: GRVT against Kraken Futures−1.457%7-day average −0.151% · you buy dearer than you sell
Net, funding: paid 7d − costs−$416as in the Funding arb table
Net, price: spread back to 7d avg − costs−$532as in the Price arb table
costs, in and out, $10k−$4014.011% of the position
Funding, last 7 days−0.151%−$15 on $10k
+Price spread, last 4 days (all we have)+1.761%+$176 · spread now −1.457%, 7d avg −0.151%
=Together, before fees+1.610%+ Points / potential airdropGRVT: Active · farm board+$161 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$49 a day on $10k at the current rate, and GRVT is 1.306% cheaper against Kraken Futures than usual: you would sell low and buy high (−$131 if the spread goes back to its 7-day average of −0.151%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.151% in total (about -7.9% 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 | Kraken Futures PF_WUSD | 0.01183 | 0.1727 | pay 0.0216% / 1h | 19m 25s | $147K | $186K | 20x |
| Short | GRVT W_USDT_Perp | 0.01166 | 0.0100 | get 0.0050% / 4h | 2h 19m | $123K | $362K | 10x |
Kraken Futures PF_WUSD
GRVT W_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
- −$341.62
- Price spread: −1.457% → −0.151%
- −$130.61
- Slippage, 4 orders
- −$382.11
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Net
- −$873.34
- Costs to cover
- 4.011%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 28 min ago; GRVT: live order book, 28 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, 28 min ago | 14.07 bp | 78.0 bp −$78 | doesn't fit | doesn't fit | doesn't fit |
| Sell GRVT live order book, 28 min ago | 8.53 bp | 62.0 bp −$62 | 102.6 bp −$1,026 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective W/USDC PERP | +0.0033% | 1h | 0.01209 | +2.161% | $1K | $1K | 12x | as long as short |
| Deribit W_USDC-PERPETUAL | +0.0088% | 1h | 0.01183 | −0.078% | $14K | $3K | 10x | as long as short |
| Hyperliquid W | +0.0100% | 1h | 0.01183 | −0.036% | $2.0M | $287K | 5x | as long as short |
| Binance WUSDT | +0.0100% | 4h | 0.01183 | −0.075% | $2.9M | $5.5M | 50x | as long as short |
| Bybit WUSDT | +0.0100% | 4h | 0.01179 | −0.357% | $4.1M | $1.6M | 50x | as long as short |
| OKX W-USDT-SWAP | +0.0100% | 4h | 0.01180 | −0.307% | $1.3M | $1.6M | 20x | as long as short |
| Gate W_USDT | +0.0100% | 4h | 0.01179 | −0.383% | $427K | $248K | 75x | as long as short |
| MEXC W_USDT | +0.0100% | 4h | 0.01183 | −0.062% | $12.4M | $1.4M | 50x | as long as short |
| KuCoin WUSDTM | +0.0100% | 4h | 0.01181 | −0.205% | $393K | $193K | 50x | as long as short |
| Bitget WUSDT | +0.0100% | 4h | 0.01183 | −0.036% | $1.3M | $582K | 50x | as long as short |
Injective W/USDC PERP
Deribit W_USDC-PERPETUAL
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 | 0.01182 | −0.138% | — | $6.7M | — | as long as short |
| Backpack W_USDC_PERP | +0.0100% | 1h | 0.01184 | +0.065% | $44K | $42K | 15x | as long as short |
| Variational Omni W | +0.0100% | 4h | 0.01175 | −0.747% | $72K | $40K | — | as long as short |
| GRVT W_USDT_Perpshort | +0.0100% | 4h | 0.01166 | −1.457% | $123K | $362K | 10x | |
| Extended W-USD | +0.0104% | 1h | 0.01182 | −0.135% | $59K | $146K | 5x | as long as short |
| Coinbase International W-PERP-INTX | +0.0400% | 1h | 0.01183 | −0.019% | $13K | $14K | 50x | as long as short |
| Kraken Futures PF_WUSDlong | +0.1727% | 1h | 0.01183 | long leg | $147K | $186K | 20x |
BingX W-USDT
Backpack W_USDC_PERP
Variational Omni W
Extended W-USD
Coinbase International W-PERP-INTX