Funding you earn now, next payment 08:00 UTC+0.0100%/8h= +10.9% APRnext payment +$1.00 per $10,000 · paid last 24h −0.037%
Price spread now: KuCoin against GRVT−0.059%68s7-day average −0.013% · you buy dearer than you sell
Net, funding: paid 7d − costs−$1,305as 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−$1,30613.057% of the position
Funding, last 7 days+0.012%+$1 on $10k
+Price spread, last 4 days (all we have)−0.087%−$9 · spread now −0.059%, 7d avg −0.013%
=Together, before fees−0.075%+ Points / potential airdropGRVT: Active · farm board−$8 on $10k · with fees, hour by hour
Funding pays, the price is against you. KuCoin is 0.046% cheaper against GRVT than usual: you would sell low and buy high (spread −0.059% now, against its 7-day average of −0.013%). If the spread goes back, that is −$5 on $10k: about 37 hours of funding at the current rate (+$3 a day). At the pace of the last 7 days (+0.012% in total) that is about 28 days. The two prices were read 68 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 IBM_USDT_Perp | 232.29 | 0 | get 0.0000% / 8h | 1h 54m | $26 | $163K | 10x |
| Short | KuCoin IBMUSDTM | 232.15 | 0.0100 | get 0.0100% / 8h | 1h 54m | $195K | $44K | 20x |
GRVT IBM_USDT_Perp
KuCoin IBMUSDTMFunding 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
- $21
- Price spread: −0.059% → −0.013%
- −$4.61
- Slippage, 4 orders
- −$1,284.72
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$1,289.33
- Costs to cover
- 13.057%
- Break-even
- 436.8 days
Slippage from GRVT: live order book, 48 min ago; KuCoin: live order book, 62 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, 48 min ago | 1.94 bp | 12.2 bp −$12 | doesn't fit | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 62 min ago | 6.25 bp | 751.5 bp −$752 | doesn't fit | doesn't fit | doesn't fit |
IBM on 18 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin IBM-USDT | −0.0018% | 8h | 232.34 | +0.023% | $47K | $56K | 20x | as long as short |
| Aster IBMUSDT | 0.0000% | 8h | 232.21 | −0.032% | $13K | $127K | 20x | as long as short |
| Extended IBM-USD | 0.0000% | 1h | 232.23 | −0.025% | $53K | $234K | 10x | as long as short |
| Binance IBMUSDT | 0.0000% | 8h | 232.27 | −0.008% | $3.8M | $5.5M | 20x | as long as short |
| Bybit IBMUSDT | 0.0000% | 8h | 232.12 | −0.072% | $1.0M | $356K | 50x | as long as short |
| OKX IBM-USDT-SWAP | 0.0000% | 8h | 232.26 | −0.011% | $1.4M | $1.2M | 20x | as long as short |
| Gate IBM_USDT | 0.0000% | 8h | 232.29 | +0.002% | $752K | $1.5M | 50x | as long as short |
| Bitget IBMUSDT | 0.0000% | 8h | 232.20 | −0.037% | $780K | $343K | 20x | as long as short |
| Variational Omni IBM | 0.0000% | 8h | 232.27 | −0.005% | $257K | $13K | — | as long as short |
| GRVT IBM_USDT_Perplong | 0.0000% | 8h | 232.29 | long leg | $26 | $163K | 10x |
BloFin IBM-USDT
Aster IBMUSDT
Extended IBM-USD
Binance IBMUSDT
Bybit IBMUSDT
OKX IBM-USDT-SWAP
Gate IBM_USDT
Bitget IBMUSDT
Variational Omni IBMShow all 18 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX IBM-USDT | 0.0000% | 8h | 232.09 | −0.084% | $1K | $472K | 10x | as long as short |
| HTX IBM-USDT | 0.0000% | 8h | 232.46 | +0.075% | $6K | $33K | 20x | as long as short |
| Lighter IBM | +0.0032% | 1h | 232.12 | −0.072% | $38K | $48K | 10x | as long as short |
| Injective IBM/USDC PERP | +0.0033% | 1h | 201.05 | −13.447% | — | $57 | 12x | as long as short |
| Vest IBM-USD-PERP | +0.0046% | 1h | 232.07 | −0.093% | — | — | 25x | as long as short |
| QFEX IBM-USD | +0.0049% | 1h | 232.19 | −0.041% | $1.2M | $2.1M | 10x | as long as short |
| tradeXYZ xyz:IBM | +0.0050% | 1h | 231.99 | −0.128% | $1.8M | $816K | 10x | as long as short |
| KuCoin IBMUSDTMshort | +0.0100% | 8h | 232.15 | −0.059% | $195K | $44K | 20x |
SunX IBM-USDT
HTX IBM-USDT
Lighter IBM
Injective IBM/USDC PERP
Vest IBM-USD-PERP
QFEX IBM-USD
tradeXYZ xyz:IBM