Funding you earn now, next payment 08:00 UTC+0.0227%/8h= +24.9% APRnext payment +$2.27 per $10,000 · paid last 24h −0.028%
Price spread now: GRVT against KuCoin+0.042%53s7-day average +0.014% · you sell dearer than you buy
Net, funding: paid 7d − costs−$122as 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−$1000.998% of the position
Funding, last 7 days−0.224%−$22 on $10k
+Price spread, last 3 days (all we have)−0.012%−$1 · spread now +0.042%, 7d avg +0.014%
=Together, before fees−0.235%+ Points / potential airdropGRVT: Active · farm board−$24 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and GRVT is 0.028% dearer against KuCoin than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.014%. Mind the row above: over the last 7 days funding on this pair cost −0.224%, so the current rate has only just turned in your favour. The two prices were read 53 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 | KuCoin IRENUSDTM | 47.680 | 0.0100 | pay 0.0100% / 8h | 7h 48m | $751K | $157K | 20x |
| Short | GRVT IREN_USDT_Perp | 47.700 | 0.0327 | get 0.0327% / 8h | 7h 48m | $4K | $186K | 10x |
KuCoin IRENUSDTM
GRVT IREN_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
- $47.67
- Price spread: +0.042% → +0.014%
- $2.78
- Slippage, 4 orders
- −$78.76
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Net
- −$49.31
- Costs to cover
- 0.998%
- Break-even
- 14.2 days
Slippage from KuCoin: live order book, 5 min ago; GRVT: live order book, 19 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, 5 min ago | 5.24 bp | 31.9 bp −$32 | doesn't fit | doesn't fit | doesn't fit |
| Sell GRVT live order book, 19 min ago | 3.16 bp | 15.6 bp −$16 | 50.2 bp −$502 | doesn't fit | doesn't fit |
IREN 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 IRENUSDT | 0.0000% | 8h | 47.740 | +0.126% | $29K | $4K | 20x | as long as short |
| Bybit IRENUSDT | 0.0000% | 8h | 47.740 | +0.126% | $1.2M | $473K | 25x | as long as short |
| OKX IREN-USDT-SWAP | 0.0000% | 8h | 47.750 | +0.147% | $662K | $642K | 25x | as long as short |
| Bitget IRENUSDT | 0.0000% | 8h | 47.695 | +0.031% | $2.0M | $442K | 20x | as long as short |
| Variational Omni IREN | 0.0000% | 8h | 47.693 | +0.026% | $208K | $85K | — | as long as short |
| SunX IREN-USDT | 0.0000% | 8h | 47.680 | 0.000% | $933 | $367K | 10x | as long as short |
| HTX IREN-USDT | 0.0000% | 8h | 47.650 | −0.063% | $9K | $726 | 20x | as long as short |
| Vest IREN-USD-PERP | +0.0002% | 1h | 47.640 | −0.084% | — | $15K | 10x | as long as short |
| Binance IRENUSDT | +0.0029% | 8h | 47.760 | +0.169% | $3.5M | $6.3M | 25x | as long as short |
| Lighter RH IREN | +0.0040% | 1h | 47.757 | +0.161% | $68K | $108K | 10x | as long as short |
Aster IRENUSDT
Bybit IRENUSDT
OKX IREN-USDT-SWAP
Bitget IRENUSDT
Variational Omni IREN
SunX IREN-USDT
HTX IREN-USDT
Vest IREN-USD-PERP
Binance IRENUSDT
Lighter RH IRENShow all 18 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended IREN_24_5-USD | +0.0040% | 1h | 47.700 | +0.042% | $4K | $8K | 5x | as long as short |
| QFEX IREN-USD | +0.0045% | 1h | 47.730 | +0.105% | $1.2M | $2.1M | 10x | as long as short |
| Paragon para:IREN | +0.0060% | 1h | 47.673 | −0.014% | $641K | $146K | 10x | as long as short |
| KuCoin IRENUSDTMlong | +0.0100% | 8h | 47.680 | long leg | $751K | $157K | 20x | |
| Gate IREN_USDT | +0.0266% | 8h | 47.720 | +0.084% | $748K | $1.2M | 25x | as long as short |
| GRVT IREN_USDT_Perpshort | +0.0327% | 8h | 47.700 | +0.042% | $4K | $186K | 10x | |
| Phoenix IREN | +0.0337% | 1h | 47.689 | +0.019% | $88 | $35K | 10x | as long as short |
| tradeXYZ xyz:IREN | +0.0808% | 1h | 47.725 | +0.094% | $3.2M | $1.9M | 10x | as long as short |
Extended IREN_24_5-USD
QFEX IREN-USD
Paragon para:IREN
Gate IREN_USDT
Phoenix IREN
tradeXYZ xyz:IREN