Funding arb · Price arb /

CL

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0133%/8h= −14.6% APRpaid last 24h −0.019%

Price spread now: Kraken Futures against GRVT+0.026%75s7-day average −0.012% · you sell dearer than you buy

Net, funding: paid 7d − costs−$53as 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−$340.345% of the position

Long on GRVT Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days−0.186%−$19 on $10k

Price spread, last 3 days (all we have)−0.100%−$10 · spread now +0.026%, 7d avg −0.012%

Together, before fees−0.285%+ Points / potential airdropGRVT: Active · farm board−$29 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Kraken Futures is 0.038% dearer against GRVT than usual: you sell high and buy low (spread +0.026% now, against its 7-day average of −0.012%): +$4 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 23 hours. 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	GRVT CL_USDT_Perp	92.230	−0.0316	get 0.0158% / 4h	23m 54s	$58K	$702K	25x
Short	Kraken Futures PF_WTIOILUSD	92.254	−0.0449	pay 0.0056% / 1h	23m 54s	$274K	$1.2M	25x

Funding 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 it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee GRVTbpFee Kraken FuturesbpOrdersPrice spread, now +0.026%Rate

Funding earned: −$28
Price spread: +0.026% → −0.012%: $3.82
Slippage, 4 orders: −$15.46
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$58.65
Costs to cover: 0.345%
Break-even: never at this rate

Slippage from GRVT: live order book, 54 min ago; Kraken Futures: live order book, 5 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, 54 min ago	0.54 bp	8.2 bp −$8	11.9 bp −$119	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 5 min ago	2.93 bp	8.4 bp −$8	20.1 bp −$201	doesn't fit	doesn't fit

CL on 36 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
Kraken Futures PF_WTIOILUSDshort	−0.0449%	1h	92.254	+0.026%	$274K	$1.2M	25x
GRVT CL_USDT_Perplong	−0.0316%	4h	92.230	long leg	$58K	$702K	25x
Aster CLUSD1	−0.0266%	4h	92.230	0.000%	$24.0M	$77.4M	20x	as long as short
Binance CLUSDT	−0.0182%	4h	92.210	−0.022%	$244.7M	$1.09B	100x	as long as short
Variational Omni CL	−0.0162%	4h	92.224	−0.006%	$13.4M	$12.5M	—	as long as short
Nado WTI-PERP	−0.0145%	1h	92.313	+0.090%	$926K	$737K	10x	as long as short
Lighter WTI	−0.0080%	1h	92.198	−0.035%	$11.2M	$10.9M	20x	as long as short
Paradex CL-USD-PERP	−0.0070%	8h	92.219	−0.012%	$15K	$367	5x	as long as short
Ondo Perps WTI-USD.P	−0.0059%	1h	92.230	0.000%	$3.5M	$6.3M	20x	as long as short
tradeXYZ xyz:CL	−0.0054%	1h	92.209	−0.023%	$186.4M	$274.9M	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX CL-USD	−0.0054%	1h	92.240	+0.011%	$2.4M	$2.3M	10x	as long as short
Gate CL_USDT	−0.0031%	8h	92.140	−0.098%	$21.3M	$58.0M	100x	as long as short
Pacifica CL	−0.0020%	1h	92.256	+0.028%	$333K	$576K	10x	as long as short
dYdX WTI-USD	0.0000%	1h	92.274	+0.048%	$8K	$3K	5x	as long as short
Bybit CLUSDT	0.0000%	8h	92.220	−0.011%	$25.9M	$94.3M	150x	as long as short
OKX CL-USDT-SWAP	0.0000%	4h	92.210	−0.022%	$43.0M	$113.0M	50x	as long as short
RISEx CL/USDC	0.0000%	1h	92.356	+0.137%	$3.3M	$2.7M	20x	as long as short
Bitget CLUSDT	0.0000%	4h	92.198	−0.035%	$42.0M	$51.7M	100x	as long as short
Phoenix WTIOIL	0.0000%	1h	92.300	+0.076%	$37K	$101K	20x	as long as short
Bullet WTIOIL-USD	0.0000%	1h	92.227	−0.003%	$18K	$241K	10x	as long as short
Deribit WTIOIL_USDC-PERPETUAL	0.0000%	1h	92.240	+0.011%	$96K	$189K	15x	as long as short
Coinbase International WTIOIL-PERP-INTX	0.0000%	1h	92.030	−0.217%	$399K	$963K	15x	as long as short
gTrade (Gains Network) WTI/USD	L 0.0000% / S +0.0036%	1h	91.779	−0.489%	$5K	—	150x	as long as short
Extended WTI-USD	+0.0032%	1h	92.245	+0.016%	$2.0M	$26.7M	10x	as long as short
StandX CL-USD	+0.0040%	1h	92.240	+0.011%	$721K	$3.1M	40x	as long as short
Vest CL-PERP	+0.0046%	1h	92.280	+0.054%	—	$308K	10x	as long as short
Polymarket Perps WTIOIL-USD	+0.0050%	1h	92.231	+0.001%	$1.6M	$1.4M	20x	as long as short
SoDEX CL-USD	+0.0050%	1h	92.210	−0.022%	$2.0M	$39K	20x	as long as short
edgeX CLUSDC	+0.0079%	4h	92.275	+0.049%	$531K	$334K	30x	as long as short
KuCoin CLUSDTM	+0.0100%	4h	92.254	+0.026%	$7.1M	$2.1M	50x	as long as short
ApeX Omni CLUSDT	+0.0100%	1h	92.340	+0.119%	$56K	$266K	50x	as long as short
Aevo WTIOIL-PERP	+0.0104%	1h	92.207	−0.025%	$4K	—	10x	as long as short
GMX WTIOIL/USD [ETH-USDC]	L +0.0205% / S −0.0130%	1h	92.215	−0.016%	$77K	—	111x	as long as short
Injective WTI/USDC PERP	+0.0220%	1h	101.18	+9.705%	$19K	$11K	30x	as long as short
BloFin CL-USDT	+0.0240%	4h	92.250	+0.022%	$4.0M	$1.4M	50x	as long as short
Aftermath Perps WTIUSD	+0.0272%	1h	92.248	+0.020%	$2K	$29K	5x	as long as short