Funding you earn now, next payment 00:00 UTC+0.0318%/8h= +34.8% APRnext payment +$3.18 per $10,000 · paid last 24h −0.046%
Price spread now: GRVT against KuCoin+0.044%98s7-day average +0.011% · you sell dearer than you buy
Net, funding: paid 7d − costs−$738as 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−$7297.286% of the position
Funding, last 7 days−0.092%−$9 on $10k
+Price spread, last 3 days (all we have)+0.102%+$10 · spread now +0.044%, 7d avg +0.011%
=Together, before fees+0.009%+ Points / potential airdropGRVT: Active · farm board+$1 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and GRVT is 0.033% dearer against KuCoin than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.011%. Mind the row above: over the last 7 days funding on this pair cost −0.092%, so the current rate has only just turned in your favour. The two prices were read 98 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 -0.092% in total (about -4.8% a year). A funding rate is set anew for every payment; at this rate the next one is about +$3.18 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 | KuCoin IBMUSDTM | 231.44 | 0.0100 | pay 0.0100% / 8h | 17m 56s | $194K | $34K | 20x |
| Short | GRVT IBM_USDT_Perp | 231.54 | 0.0418 | get 0.0418% / 8h | 17m 56s | $621 | $170K | 10x |
KuCoin IBMUSDTM
GRVT IBM_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
- $66.78
- Price spread: +0.044% → +0.011%
- $3.3
- Slippage, 4 orders
- −$707.62
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Net
- −$658.55
- Costs to cover
- 7.286%
- Break-even
- 76.0 days
Slippage from KuCoin: live order book, 36 min ago; GRVT: live order book, 59 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, 36 min ago | 7.14 bp | 650.4 bp −$650 | doesn't fit | doesn't fit | doesn't fit |
| Sell GRVT live order book, 59 min ago | 1.51 bp | 17.0 bp −$17 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster IBMUSDT | 0.0000% | 8h | 231.86 | +0.182% | $13K | $127K | 20x | as long as short |
| Bybit IBMUSDT | 0.0000% | 8h | 231.40 | −0.017% | $976K | $376K | 50x | as long as short |
| OKX IBM-USDT-SWAP | 0.0000% | 8h | 231.50 | +0.026% | $1.4M | $1.2M | 20x | as long as short |
| Gate IBM_USDT | 0.0000% | 8h | 231.52 | +0.035% | $797K | $1.5M | 50x | as long as short |
| Bitget IBMUSDT | 0.0000% | 8h | 231.52 | +0.035% | $798K | $403K | 20x | as long as short |
| Variational Omni IBM | 0.0000% | 8h | 231.57 | +0.056% | $256K | $15K | — | as long as short |
| SunX IBM-USDT | 0.0000% | 8h | 231.29 | −0.065% | $999 | $534K | 10x | as long as short |
| HTX IBM-USDT | 0.0000% | 8h | 231.89 | +0.194% | $5K | $33K | 20x | as long as short |
| QFEX IBM-USD | +0.0031% | 1h | 231.49 | +0.022% | $1.2M | $3.3M | 10x | as long as short |
| Lighter IBM | +0.0032% | 1h | 231.55 | +0.048% | $38K | $47K | 10x | as long as short |
Aster IBMUSDT
Bybit IBMUSDT
OKX IBM-USDT-SWAP
Gate IBM_USDT
Bitget IBMUSDT
Variational Omni IBM
SunX IBM-USDT
HTX IBM-USDT
QFEX IBM-USD
Lighter IBMShow all 18 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Injective IBM/USDC PERP | +0.0033% | 1h | 201.05 | −13.131% | — | $57 | 12x | as long as short |
| Vest IBM-USD-PERP | +0.0046% | 1h | 231.40 | −0.017% | — | — | 25x | as long as short |
| tradeXYZ xyz:IBM | +0.0050% | 1h | 231.38 | −0.026% | $2.0M | $814K | 10x | as long as short |
| KuCoin IBMUSDTMlong | +0.0100% | 8h | 231.44 | long leg | $194K | $34K | 20x | |
| Extended IBM-USD | +0.0176% | 1h | 231.54 | +0.042% | $54K | $202K | 10x | as long as short |
| Binance IBMUSDT | +0.0179% | 8h | 231.58 | +0.063% | $3.9M | $5.8M | 20x | as long as short |
| BloFin IBM-USDT | +0.0201% | 8h | 231.55 | +0.048% | $46K | $52K | 20x | as long as short |
| GRVT IBM_USDT_Perpshort | +0.0418% | 8h | 231.54 | +0.044% | $621 | $170K | 10x |
Injective IBM/USDC PERP
Vest IBM-USD-PERP
tradeXYZ xyz:IBM
Extended IBM-USD
Binance IBMUSDT
BloFin IBM-USDT