NBIS

Funding pays, the price is against you. GRVT is 0.133% cheaper against KuCoin than usual: you would sell low and buy high (spread −0.072% now, against its 7-day average of +0.061%). If the spread goes back, that is −$13 on $10k: about 42 hours of funding at the current rate (+$8 a day). Mind the row above: over the last 7 days funding on this pair cost −0.055%, so the current rate has only just turned in your favour. The two prices were read 83 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 -0.055% in total (about -2.9% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.52 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.