Funding you earn now, next payment 08:00 UTC+0.2771%/8h= +303.4% APRnext payment +$27.71 per $10,000 · paid last 24h +0.243%
Price spread now: GRVT against Phemex−0.236%7-day average +0.028% · you buy dearer than you sell
Net, funding: paid 7d − costs−$263as in the Funding arb table
Net, price: spread back to 7d avg − costs−$319as in the Price arb table
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)+0.303%+$30 · spread now −0.236%, 7d avg +0.028%
=Together, before fees+0.598%+ Points / potential airdropGRVT: Active · farm board+$60 on $10k · with fees, hour by hour
Funding pays, the price is against you. GRVT is 0.264% cheaper against Phemex than usual: you would sell low and buy high (spread −0.236% now, against its 7-day average of +0.028%). If the spread goes back, that is −$26 on $10k: about 8 hours of funding at the current rate (+$83 a day). At the pace of the last 7 days (+0.295% in total) that is about 6.3 days.
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 +$27.71 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 | Phemex KSTRUSDT | 24.990 | 0 | get 0.0000% / 8h | 6h 21m | $1.5M | $134K | 10x |
| Short | GRVT KSTR_USDT_Perp | 24.931 | 0.2771 | get 0.2771% / 8h | 6h 21m | $76 | $118K | 10x |
Phemex KSTRUSDT
GRVT KSTR_USDT_PerpFunding history
latest
Range statsloading…
Price spread between the two exchanges
GRVT against Phemex. 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
- $581.91
- Price spread: −0.236% → +0.028%
- −$26.44
- Slippage, 4 orders
- −$271.64
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Net
- $262.82
- Costs to cover
- 2.926%
- Break-even
- 3.8 days
Slippage from Phemex: live order book, 2 min ago; GRVT: live order book, 41 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 Phemex live order book, 2 min ago | 22.03 bp | 88.5 bp −$88 | doesn't fit | doesn't fit | doesn't fit |
| Sell GRVT live order book, 41 min ago | 8.05 bp | 90.3 bp −$90 | 181.3 bp −$1,813 | 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 | 24.861 | −0.515% | $6K | $8K | 20x | as long as short |
| Gate KSTR_USDT | 0.0000% | 8h | 24.980 | −0.040% | $366K | $368K | 20x | as long as short |
| Bitget KSTRUSDT | 0.0000% | 8h | 24.980 | −0.040% | $525K | $246K | 20x | as long as short |
| Phemex KSTRUSDTlong | 0.0000% | 8h | 24.990 | long leg | $1.5M | $134K | 10x | |
| HTX KSTR-USDT | +0.0100% | 8h | 24.860 | −0.520% | $8K | $5K | 10x | as long as short |
| tradeXYZ xyz:KSTR | +0.0448% | 1h | 24.921 | −0.276% | $18K | $4K | 10x | as long as short |
| Bybit KSTRUSDT | +0.1578% | 8h | 24.970 | −0.080% | $378K | $421K | 25x | as long as short |
| KuCoin KSTRUSDTM | +0.1677% | 8h | 24.890 | −0.400% | $27K | $156K | 20x | as long as short |
| GRVT KSTR_USDT_Perpshort | +0.2771% | 8h | 24.931 | −0.236% | $76 | $118K | 10x | |
| Variational Omni KSTR | +0.2850% | 8h | 24.856 | −0.537% | $92K | $1K | — | as long as short |
Aster KSTRUSDT
Gate KSTR_USDT
Bitget KSTRUSDT
HTX KSTR-USDT
tradeXYZ xyz:KSTR
Bybit KSTRUSDT
KuCoin KSTRUSDTM
Variational Omni KSTRShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance KSTRUSDT | +0.2891% | 8h | 24.960 | −0.120% | $1.8M | $1.8M | 25x | as long as short |
| MEXC KSTR_USDT | +0.2908% | 8h | 24.920 | −0.280% | $440K | $81K | 50x | as long as short |
Binance KSTRUSDT
MEXC KSTR_USDT