Funding you earn now, next payment 00:00 UTC−0.0420%/8h= −46.0% APRnext payment −$2.10 per $10,000 · paid last 24h +0.027%
Price spread now: KuCoin against GRVT−0.050%7-day average +0.011% · you buy dearer than you sell
Net, funding: paid 7d − costs−$140as in the Funding arb table
Net, price: spread back to 7d avg − costs−$159as in the Price arb table
costs, in and out, $10k−$1531.525% of the position
Funding, last 7 days+0.128%+$13 on $10k
+Price spread, last 3 days (all we have)+0.050%+$5 · spread now −0.050%, 7d avg +0.011%
=Together, before fees+0.179%+ Points / potential airdropGRVT: Active · farm board+$18 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$13 a day on $10k at the current rate, and KuCoin is 0.061% cheaper against GRVT than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.011%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.128%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.128% in total (about 6.7% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.10 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 MINIMAX_USDT_Perp | 39.720 | 0.1548 | pay 0.0774% / 4h | 15m 27s | $278 | $139K | 10x |
| Short | KuCoin MINIMAXUSDTM | 39.700 | 0.1128 | get 0.0564% / 4h | 15m 27s | $100K | $44K | 20x |
GRVT MINIMAX_USDT_Perp
KuCoin MINIMAXUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- −$88.2
- Price spread: −0.050% → +0.011%
- −$6.11
- Slippage, 4 orders
- −$131.55
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$246.86
- Costs to cover
- 1.525%
- Break-even
- never at this rate
Slippage from GRVT: live order book, 61 min ago; KuCoin: live order book, 4 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, 61 min ago | 3.79 bp | 19.5 bp −$19 | 62.4 bp −$624 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 4 min ago | 17.58 bp | 36.3 bp −$36 | doesn't fit | doesn't fit | doesn't fit |
MINIMAX on 17 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 | |
|---|---|---|---|---|---|---|---|---|
| Gate MINIMAX_USDT | 0.0000% | 8h | 39.660 | −0.151% | $1.2M | $6.2M | 50x | as long as short |
| SunX MINIMAX-USDT | 0.0000% | 4h | 39.710 | −0.025% | $16 | $3.9M | 10x | as long as short |
| HTX MINIMAX-USDT | 0.0000% | 4h | 39.699 | −0.053% | $38K | $71K | 20x | as long as short |
| Lighter MINIMAX | +0.0048% | 1h | 39.766 | +0.116% | $46K | $27K | 10x | as long as short |
| SoDEX MINIMAX-USD | +0.0050% | 1h | 39.692 | −0.070% | $100K | $4K | 10x | as long as short |
| Aster MINIMAXUSDT | +0.0286% | 8h | 39.719 | −0.002% | $34K | $152K | 20x | as long as short |
| Aevo MINIMAX-PERP | +0.0768% | 1h | 39.716 | −0.010% | — | — | 10x | as long as short |
| Bybit MINIMAXUSDT | +0.0777% | 8h | 39.690 | −0.076% | $939K | $1.4M | 25x | as long as short |
| tradeXYZ xyz:MINIMAX | +0.0800% | 1h | 39.700 | −0.050% | $4.6M | $2.9M | 10x | as long as short |
| edgeX MINIMAXUSDC | +0.1123% | 4h | 39.740 | +0.051% | $30K | $188K | 10x | as long as short |
Gate MINIMAX_USDT
SunX MINIMAX-USDT
HTX MINIMAX-USDT
Lighter MINIMAX
SoDEX MINIMAX-USD
Aster MINIMAXUSDT
Aevo MINIMAX-PERP
Bybit MINIMAXUSDT
tradeXYZ xyz:MINIMAX
edgeX MINIMAXUSDCShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin MINIMAXUSDTMshort | +0.1128% | 4h | 39.700 | −0.050% | $100K | $44K | 20x | |
| Ondo Perps MINIMAX-USD.P | +0.1324% | 1h | 39.680 | −0.101% | $30K | $48K | 5x | as long as short |
| OKX MINIMAX-USDT-SWAP | +0.1478% | 8h | 39.660 | −0.151% | $1.7M | $9.6M | 20x | as long as short |
| Bitget MINIMAXUSDT | +0.1479% | 8h | 39.655 | −0.164% | $1.3M | $2.9M | 20x | as long as short |
| GRVT MINIMAX_USDT_Perplong | +0.1548% | 4h | 39.720 | long leg | $278 | $139K | 10x | |
| Binance MINIMAXUSDT | +0.1694% | 4h | 39.666 | −0.137% | $6.5M | $35.6M | 25x | as long as short |
| Extended MINIMAX-USD | +0.1712% | 1h | 39.669 | −0.129% | $3K | — | 10x | as long as short |
Ondo Perps MINIMAX-USD.P
OKX MINIMAX-USDT-SWAP
Bitget MINIMAXUSDT
Binance MINIMAXUSDT
Extended MINIMAX-USD