Funding you earn now, next payment 08:00 UTC−0.2956%/8h= −323.7% APRnext payment −$29.56 per $10,000 · paid last 24h −0.243%
Price spread now: Phemex against GRVT+0.518%77s7-day average −0.028% · you sell dearer than you buy
Net, funding: paid 7d − costs−$322as 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−$2932.926% of the position
Funding, last 7 days−0.295%−$30 on $10k
+Price spread, last 3 days (all we have)−0.586%−$59 · spread now +0.518%, 7d avg −0.028%
=Together, before fees−0.881%+ Points / potential airdropGRVT: Active · farm board−$88 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Phemex is 0.547% dearer against GRVT than usual: you sell high and buy low (spread +0.518% now, against its 7-day average of −0.028%): +$55 on $10k if it goes back. Holding the pair costs −$89 a day in funding at the current rate, which eats that in about 15 hours. At the pace of the last 7 days (−0.295% in total) that is about 13 days. The two prices were read 77 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 -0.295% in total (about -15.4% a year). A funding rate is set anew for every payment; at this rate the next one is about −$29.56 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 | GRVT KSTR_USDT_Perp | 24.861 | 0.2956 | pay 0.2956% / 8h | 6h 21m | $76 | $118K | 10x |
| Short | Phemex KSTRUSDT | 24.990 | 0 | get 0.0000% / 8h | 6h 21m | $1.5M | $134K | 10x |
GRVT KSTR_USDT_Perp
Phemex KSTRUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex 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
- −$620.76
- Price spread: +0.518% → −0.028%
- $54.66
- Slippage, 4 orders
- −$271.64
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$858.74
- Costs to cover
- 2.926%
- Break-even
- never at this rate
Slippage from GRVT: live order book, 41 min ago; Phemex: live order book, 1 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, 41 min ago | 8.05 bp | 32.6 bp −$33 | 63.1 bp −$631 | doesn't fit | doesn't fit |
| Sell Phemex live order book, 1 min ago | 22.03 bp | 81.2 bp −$81 | doesn't fit | doesn't fit | doesn't fit |
KSTR on 12 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 KSTRUSDT | 0.0000% | 8h | 24.911 | +0.200% | $6K | $8K | 20x | as long as short |
| Gate KSTR_USDT | 0.0000% | 8h | 24.970 | +0.438% | $366K | $368K | 20x | as long as short |
| Bitget KSTRUSDT | 0.0000% | 8h | 25.009 | +0.595% | $525K | $246K | 20x | as long as short |
| Phemex KSTRUSDTshort | 0.0000% | 8h | 24.990 | +0.518% | $1.5M | $134K | 10x | |
| HTX KSTR-USDT | +0.0100% | 8h | 24.860 | −0.005% | $8K | $5K | 10x | as long as short |
| tradeXYZ xyz:KSTR | +0.0454% | 1h | 24.901 | +0.160% | $18K | $4K | 10x | as long as short |
| Bybit KSTRUSDT | +0.1578% | 8h | 24.940 | +0.317% | $378K | $421K | 25x | as long as short |
| KuCoin KSTRUSDTM | +0.1677% | 8h | 24.880 | +0.076% | $27K | $156K | 20x | as long as short |
| Variational Omni KSTR | +0.2850% | 8h | 24.856 | −0.021% | $92K | $1K | — | as long as short |
| Binance KSTRUSDT | +0.2891% | 8h | 24.932 | +0.286% | $1.8M | $1.8M | 25x | as long as short |
Aster KSTRUSDT
Gate KSTR_USDT
Bitget KSTRUSDT
HTX KSTR-USDT
tradeXYZ xyz:KSTR
Bybit KSTRUSDT
KuCoin KSTRUSDTM
Variational Omni KSTR
Binance KSTRUSDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC KSTR_USDT | +0.2908% | 8h | 24.920 | +0.237% | $440K | $81K | 50x | as long as short |
| GRVT KSTR_USDT_Perplong | +0.2956% | 8h | 24.861 | long leg | $76 | $118K | 10x |
MEXC KSTR_USDT