Funding you earn now, next payment 16:00 UTC+0.0558%/8h= +61.1% APRnext payment +$5.58 per $10,000 · paid last 24h +0.070%
Price spread now: GRVT against KuCoin+0.043%68s7-day average +0.044% · you sell dearer than you buy
Net, funding: paid 7d − costs−$1,586as 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−$1,58515.845% of the position
Funding, last 7 days−0.018%−$2 on $10k
+Price spread, last 4 days (all we have)−0.027%−$3 · spread now +0.043%, 7d avg +0.044%
=Together, before fees−0.045%+ Points / potential airdropGRVT: Active · farm board−$4 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.044%, so right now this pair is about funding alone: +$17 a day on $10k at the current rate. 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 -0.018% in total (about -0.9% a year). A funding rate is set anew for every payment; at this rate the next one is about +$5.58 per $10,000. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin EWJUSDTM | 98.440 | 0.0100 | pay 0.0100% / 8h | 5h 06m | $160K | $1.1M | 20x |
| Short | GRVT EWJ_USDT_Perp | 98.482 | 0.0658 | get 0.0658% / 8h | 5h 06m | $631K | $419K | 10x |
KuCoin EWJUSDTM
GRVT EWJ_USDT_PerpFunding history
latest
Range statsloading…
Price spread between the two exchanges
GRVT against KuCoin. 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
- $117.18
- Price spread: +0.043% → +0.044%
- −$0.06
- Slippage, 4 orders
- −$1,563.55
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Net
- −$1,467.43
- Costs to cover
- 15.845%
- Break-even
- 94.7 days
Slippage from KuCoin: live order book, 2 min ago; GRVT: live order book, 39 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 KuCoin live order book, 2 min ago | 3.56 bp | 927.6 bp −$928 | doesn't fit | doesn't fit | doesn't fit |
| Sell GRVT live order book, 39 min ago | 3.05 bp | 23.2 bp −$23 | doesn't fit | doesn't fit | doesn't fit |
EWJ on 16 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| Hotstuff EWJ-PERP | −8.0000% | 1h | 98.580 | +0.142% | $35K | — | 20x | as long as short |
| edgeX EWJUSDC | −0.0497% | 4h | 98.479 | +0.039% | $600K | $232K | 20x | as long as short |
| Aster EWJUSDT | 0.0000% | 8h | 98.423 | −0.017% | $18K | $4K | 20x | as long as short |
| Binance EWJUSDT | 0.0000% | 8h | 98.540 | +0.102% | $1.1M | $1.1M | 20x | as long as short |
| Bybit EWJUSDT | 0.0000% | 8h | 98.520 | +0.081% | $217K | $69K | 25x | as long as short |
| OKX EWJ-USDT-SWAP | 0.0000% | 8h | 98.580 | +0.142% | $300K | $126K | 20x | as long as short |
| Gate EWJ_USDT | 0.0000% | 8h | 98.480 | +0.041% | $357K | $218K | 25x | as long as short |
| MEXC EWJ_USDT | 0.0000% | 8h | 98.520 | +0.081% | $690K | $274K | 20x | as long as short |
| Bitget EWJUSDT | 0.0000% | 8h | 98.460 | +0.020% | $740K | $198K | 20x | as long as short |
| Variational Omni EWJ | 0.0000% | 8h | 98.487 | +0.048% | $117K | $30K | — | as long as short |
Hotstuff EWJ-PERP
edgeX EWJUSDC
Aster EWJUSDT
Binance EWJUSDT
Bybit EWJUSDT
OKX EWJ-USDT-SWAP
Gate EWJ_USDT
MEXC EWJ_USDT
Bitget EWJUSDT
Variational Omni EWJShow all 16 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX EWJ-USDT | 0.0000% | 8h | 98.469 | +0.029% | $1K | $1.5M | 20x | as long as short |
| HTX EWJ-USDT | 0.0000% | 8h | 98.338 | −0.104% | $8K | $38K | 20x | as long as short |
| BloFin EWJ-USDT | +0.0020% | 8h | 98.470 | +0.030% | $44K | $69K | 20x | as long as short |
| KuCoin EWJUSDTMlong | +0.0100% | 8h | 98.440 | long leg | $160K | $1.1M | 20x | |
| tradeXYZ xyz:EWJ | +0.0277% | 1h | 98.475 | +0.036% | $1.5M | $673K | 20x | as long as short |
| GRVT EWJ_USDT_Perpshort | +0.0658% | 8h | 98.482 | +0.043% | $631K | $419K | 10x |
SunX EWJ-USDT
HTX EWJ-USDT
BloFin EWJ-USDT
tradeXYZ xyz:EWJ