Funding arb · Price arb /

KSTR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0272%/8h= +29.8% APRpaid last 24h −0.235%

Price spread now: tradeXYZ against GRVT+0.248%106s7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on GRVT Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropGRVT: Active · tradeXYZ: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and tradeXYZ is 0.248% dearer against GRVT than usual: you sell high and buy low: +$25 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 106 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 KSTR_USDT_Perp	24.403	0.0100	pay 0.0100% / 8h	2h 47m	$618	$113K	10x
Short	tradeXYZ xyz:KSTR	24.464	0.0372	get 0.0047% / 1h	47m 44s	$19K	$6K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ against GRVT. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee GRVTbpFee tradeXYZbpOrdersPrice spread, now +0.248%Rate

Funding earned: $57.2
Price spread: +0.248% → 0.000%: $24.8
Slippage, 4 orders: no order book: not counted
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: $55
Costs to cover: 0.270%
Break-even: 0.3 days

Slippage unknown: GRVT: live order book, 60 min ago; tradeXYZ: no order-book sample. Net counts fees only.

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, 60 min ago	10.19 bp	66.3 bp −$66	211.4 bp −$2,114	doesn't fit	doesn't fit
Sell tradeXYZ no order-book sample	—	—	—	—	—

tradeXYZ: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	24.442	+0.157%	$6K	$8K	20x	as long as short
Bybit KSTRUSDT	0.0000%	8h	24.500	+0.396%	$375K	$434K	25x	as long as short
Gate KSTR_USDT	0.0000%	8h	24.530	+0.518%	$361K	$369K	20x	as long as short
Bitget KSTRUSDT	0.0000%	8h	24.527	+0.506%	$522K	$298K	20x	as long as short
Phemex KSTRUSDT	0.0000%	8h	24.490	+0.355%	$1.5M	$137K	10x	as long as short
KuCoin KSTRUSDTM	+0.0100%	8h	24.460	+0.232%	$27K	$158K	20x	as long as short
GRVT KSTR_USDT_Perplong	+0.0100%	8h	24.403	long leg	$618	$113K	10x
HTX KSTR-USDT	+0.0100%	8h	24.460	+0.232%	$8K	$5K	10x	as long as short
tradeXYZ xyz:KSTRshort	+0.0372%	1h	24.464	+0.248%	$19K	$6K	10x
Binance KSTRUSDT	+0.0529%	8h	24.510	+0.437%	$1.8M	$1.8M	25x	as long as short

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC KSTR_USDT	+0.0532%	8h	24.500	+0.396%	$432K	$80K	50x	as long as short
Variational Omni KSTR	+0.0557%	8h	24.411	+0.030%	$97K	$8K	—	as long as short