Funding you earn now, next payment 01:00 UTC−0.0018%/8h= −2.0% APRpaid last 24h +0.008%
Price spread now: GRVT against Kraken Futures+0.046%75s7-day average −0.026% · you sell dearer than you buy
Net, funding: paid 7d − costs−$17as 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−$220.217% of the position
Funding, last 7 days+0.049%+$5 on $10k
+Price spread, last 3 days (all we have)−0.100%−$10 · spread now +0.046%, 7d avg −0.026%
=Together, before fees−0.052%+ Points / potential airdropGRVT: Active · farm board−$5 on $10k · with fees, hour by hour
The price spread pays, funding is against you. GRVT is 0.073% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.046% now, against its 7-day average of −0.026%): +$7 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 13 days. The two prices were read 75 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_XAUTUSD | 4,361.5 | 0.0118 | pay 0.0015% / 1h | 37m 42s | $5.3M | $4.0M | 50x |
| Short | GRVT XAUT_USDT_Perp | 4,363.6 | 0.0100 | get 0.0050% / 4h | 3h 37m | $1K | $115K | 10x |
Kraken Futures PF_XAUTUSD
GRVT XAUT_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
- −$3.8
- Price spread: +0.046% → −0.026%
- $7.28
- Slippage, 4 orders
- −$2.7
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Net
- −$18.23
- Costs to cover
- 0.217%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 1 min ago; GRVT: live order book, 34 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 | 0.12 bp | 5.1 bp −$5 | 8.6 bp −$86 | 18.0 bp −$1,799 | doesn't fit |
| Sell GRVT live order book, 34 min ago | 1.24 bp | 5.7 bp −$6 | doesn't fit | doesn't fit | doesn't fit |
XAUT on 20 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 | |
|---|---|---|---|---|---|---|---|---|
| Aftermath Perps XAUTUSD | −0.0189% | 1h | 4,362.6 | +0.024% | $56K | $31K | 20x | as long as short |
| Bitget XAUTUSDT | −0.0058% | 4h | 4,358 | −0.082% | $25.9M | $15.3M | 75x | as long as short |
| Gate XAUT_USDT | 0.0000% | 8h | 4,360 | −0.035% | $131.3M | $8.1M | 100x | as long as short |
| Injective XAUT/USDC PERP | +0.0033% | 1h | 4,349.8 | −0.269% | $8K | $149K | 30x | as long as short |
| SoDEX XAUT-USD | +0.0050% | 1h | 4,360.5 | −0.024% | $10.2M | $2.0M | 25x | as long as short |
| Variational Omni XAUT | +0.0097% | 4h | 4,360.2 | −0.031% | $33.3M | $3.4M | — | as long as short |
| Nado XAUT-PERP | +0.0100% | 1h | 4,359.6 | −0.046% | $4.2M | $1.0M | 10x | as long as short |
| Binance XAUTUSDT | +0.0100% | 4h | 4,358.7 | −0.065% | $35.5M | $46.8M | 75x | as long as short |
| Bybit XAUTUSDT | +0.0100% | 4h | 4,359 | −0.058% | $121.0M | $27.8M | 75x | as long as short |
| MEXC XAUT_USDT | +0.0100% | 4h | 4,359.2 | −0.054% | $338.2M | $280.2M | 1000x | as long as short |
Aftermath Perps XAUTUSD
Bitget XAUTUSDT
Gate XAUT_USDT
Injective XAUT/USDC PERP
SoDEX XAUT-USD
Variational Omni XAUT
Nado XAUT-PERP
Binance XAUTUSDT
Bybit XAUTUSDT
MEXC XAUT_USDTShow all 20 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin XAUTUSDTM | +0.0100% | 4h | 4,360.9 | −0.016% | $11.4M | $2.9M | 75x | as long as short |
| BingX XAUT-USDT | +0.0100% | 4h | 4,358.8 | −0.063% | — | $17.9M | — | as long as short |
| GRVT XAUT_USDT_Perpshort | +0.0100% | 4h | 4,363.6 | +0.046% | $1K | $115K | 10x | |
| Orderly PERP_XAUT_USDC_mythos | +0.0100% | 4h | 4,359.5 | −0.047% | $268 | $17K | 10x | as long as short |
| Derive XAUT-PERP | +0.0100% | 1h | 4,361 | −0.012% | $1.9M | $245K | 10x | as long as short |
| SunX XAUT-USDT | +0.0100% | 4h | 4,364 | +0.056% | $2K | $3.7M | 20x | as long as short |
| HTX XAUT-USDT | +0.0100% | 4h | 4,357 | −0.104% | $1.9M | $231K | 75x | as long as short |
| Extended XAUT-USD | +0.0104% | 1h | 4,357.7 | −0.089% | $274K | $231K | 25x | as long as short |
| Kraken Futures PF_XAUTUSDlong | +0.0118% | 1h | 4,361.5 | long leg | $5.3M | $4.0M | 50x | |
| BloFin XAUT-USDT | +0.0340% | 4h | 4,360 | −0.035% | $2.3M | $1.7M | 75x | as long as short |
KuCoin XAUTUSDTM
BingX XAUT-USDT
Orderly PERP_XAUT_USDC_mythos
Derive XAUT-PERP
SunX XAUT-USDT
HTX XAUT-USDT
Extended XAUT-USD
BloFin XAUT-USDT