Funding you earn now, next payment 08:00 UTC−0.0388%/8h= −42.5% APRnext payment −$3.88 per $10,000 · paid last 24h 0.000%
Price spread now: KuCoin against GRVT−0.097%68s7-day average −0.031% · you buy dearer than you sell
Net, funding: paid 7d − costs−$215as 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−$2312.312% of the position
Funding, last 7 days+0.166%+$17 on $10k
+Price spread, last 3 days (all we have)−0.235%−$24 · spread now −0.097%, 7d avg −0.031%
=Together, before fees−0.069%+ Points / potential airdropGRVT: Active · farm board−$7 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$12 a day on $10k at the current rate, and KuCoin is 0.067% cheaper against GRVT than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of −0.031%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.166%, so the current rate has only just turned against you. The two prices were read 68 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 0.166% in total (about 8.7% a year). A funding rate is set anew for every payment; at this rate the next one is about −$3.88 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 | GRVT BE_USDT_Perp | 274.84 | 0.0488 | pay 0.0488% / 8h | 7h 54m | $6K | $182K | 10x |
| Short | KuCoin BEUSDTM | 274.57 | 0.0100 | get 0.0100% / 8h | 7h 54m | $371K | $22K | 20x |
GRVT BE_USDT_Perp
KuCoin BEUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- −$81.48
- Price spread: −0.097% → −0.031%
- −$6.67
- Slippage, 4 orders
- −$210.21
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$319.36
- Costs to cover
- 2.312%
- Break-even
- never at this rate
Slippage from GRVT: live order book, 14 min ago; KuCoin: live order book, 67 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, 14 min ago | 2.19 bp | 7.3 bp −$7 | doesn't fit | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 67 min ago | 17.20 bp | 114.3 bp −$114 | doesn't fit | doesn't fit | doesn't fit |
BE on 21 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster BEUSDT | 0.0000% | 8h | 274.50 | −0.123% | $345K | $119K | 20x | as long as short |
| Gate BE_USDT | 0.0000% | 8h | 274.50 | −0.123% | $1.5M | $3.4M | 50x | as long as short |
| Bitget BEUSDT | 0.0000% | 8h | 274.50 | −0.123% | $1.7M | $2.6M | 20x | as long as short |
| SunX BE-USDT | 0.0000% | 8h | 275.30 | +0.168% | $1K | $2.5M | 10x | as long as short |
| HTX BE-USDT | 0.0000% | 8h | 275.05 | +0.077% | $13K | $33K | 20x | as long as short |
| Lighter BE | +0.0032% | 1h | 274.51 | −0.119% | — | — | 10x | as long as short |
| Lighter RH BE | +0.0032% | 1h | 274.60 | −0.086% | $250K | $298K | 10x | as long as short |
| QFEX BE-USD | +0.0037% | 1h | 274.62 | −0.079% | $1.3M | $3.8M | 10x | as long as short |
| Arcus BE-USD | +0.0040% | 1h | 274.46 | −0.137% | $115K | $116K | 10x | as long as short |
| Vest BE-USD-PERP | +0.0046% | 1h | 274.70 | −0.050% | — | — | 10x | as long as short |
Aster BEUSDT
Gate BE_USDT
Bitget BEUSDT
SunX BE-USDT
HTX BE-USDT
Lighter BE
Lighter RH BE
QFEX BE-USD
Arcus BE-USD
Vest BE-USD-PERPShow all 21 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance BEUSDT | +0.0094% | 8h | 274.76 | −0.028% | $8.5M | $36.6M | 25x | as long as short |
| Extended BE-USD | +0.0096% | 1h | 274.71 | −0.048% | $46K | $266K | 10x | as long as short |
| KuCoin BEUSDTMshort | +0.0100% | 8h | 274.57 | −0.097% | $371K | $22K | 20x | |
| Aevo BE-PERP | +0.0104% | 1h | 274.24 | −0.217% | — | — | 10x | as long as short |
| Coinbase International BE-PERP-INTX | +0.0128% | 1h | 273.32 | −0.552% | $467K | $112K | 10x | as long as short |
| Bybit BEUSDT | +0.0164% | 8h | 274.61 | −0.083% | $2.0M | $1.2M | 25x | as long as short |
| BloFin BE-USDT | +0.0211% | 8h | 274.86 | +0.008% | $45K | $142K | 20x | as long as short |
| OKX BE-USDT-SWAP | +0.0256% | 8h | 274.76 | −0.028% | $2.6M | $6.9M | 25x | as long as short |
| Deribit BE_USDC-PERPETUAL | +0.0333% | 1h | 274.69 | −0.054% | $7K | $4K | 10x | as long as short |
| GRVT BE_USDT_Perplong | +0.0488% | 8h | 274.84 | long leg | $6K | $182K | 10x | |
| tradeXYZ xyz:BE | +0.0852% | 1h | 274.56 | −0.101% | $5.9M | $2.9M | 10x | as long as short |
Binance BEUSDT
Extended BE-USD
Aevo BE-PERP
Coinbase International BE-PERP-INTX
Bybit BEUSDT
BloFin BE-USDT
OKX BE-USDT-SWAP
Deribit BE_USDC-PERPETUAL
tradeXYZ xyz:BE