Funding you earn now, next payment 08:00 UTC−0.0318%/8h= −34.8% APRnext payment −$3.18 per $10,000 · paid last 24h +0.029%
Price spread now: KuCoin against GRVT−0.181%7-day average −0.128% · you buy dearer than you sell
Net, funding: paid 7d − costs−$419as in the Funding arb table
Net, price: spread back to 7d avg − costs−$428as in the Price arb table
costs, in and out, $10k−$4224.223% of the position
Funding, last 7 days+0.037%+$4 on $10k
+Price spread, last 4 days (all we have)+0.115%+$12 · spread now −0.181%, 7d avg −0.128%
=Together, before fees+0.152%+ Points / potential airdropGRVT: Active · farm board+$15 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$10 a day on $10k at the current rate, and KuCoin is 0.053% cheaper against GRVT than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.128%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.037% in total (about 1.9% a year). A funding rate is set anew for every payment; at this rate the next one is about −$3.18 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 NOW_USDT_Perp | 138.12 | 0.0418 | pay 0.0418% / 8h | 3h 46m | $355 | $147K | 10x |
| Short | KuCoin NOWUSDTM | 137.87 | 0.0100 | get 0.0100% / 8h | 3h 46m | $316K | $635K | 20x |
GRVT NOW_USDT_Perp
KuCoin NOWUSDTMFunding 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
- −$66.78
- Price spread: −0.181% → −0.128%
- −$5.28
- Slippage, 4 orders
- −$401.25
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$494.31
- Costs to cover
- 4.223%
- Break-even
- never at this rate
Slippage from GRVT: live order book, 1 min ago; KuCoin: live order book, 27 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, 1 min ago | 1.81 bp | 28.7 bp −$29 | doesn't fit | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 27 min ago | 14.16 bp | 76.9 bp −$77 | doesn't fit | doesn't fit | doesn't fit |
NOW on 16 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 NOWUSDT | 0.0000% | 8h | 138.45 | +0.235% | $41K | $995 | 20x | as long as short |
| OKX NOW-USDT-SWAP | 0.0000% | 8h | 137.92 | −0.145% | $491K | $226K | 20x | as long as short |
| QFEX NOW-USD | 0.0000% | 1h | 137.87 | −0.181% | $1.1M | $1.5M | 10x | as long as short |
| Gate NOW_USDT | 0.0000% | 8h | 138.11 | −0.007% | $249K | $348K | 20x | as long as short |
| Bitget NOWUSDT | 0.0000% | 8h | 137.98 | −0.101% | $781K | $235K | 20x | as long as short |
| SunX NOW-USDT | 0.0000% | 8h | 138.13 | +0.007% | $818 | $381K | 10x | as long as short |
| HTX NOW-USDT | 0.0000% | 8h | 138.17 | +0.036% | $5K | $33K | 20x | as long as short |
| Lighter NOW | +0.0032% | 1h | 138.07 | −0.036% | $5K | $184 | 5x | as long as short |
| Injective NOW/USDC PERP | +0.0033% | 1h | 139.80 | +1.216% | $3K | $101 | 12x | as long as short |
| Vest NOW-USD-PERP | +0.0046% | 1h | 137.88 | −0.174% | — | — | 25x | as long as short |
Aster NOWUSDT
OKX NOW-USDT-SWAP
QFEX NOW-USD
Gate NOW_USDT
Bitget NOWUSDT
SunX NOW-USDT
HTX NOW-USDT
Lighter NOW
Injective NOW/USDC PERP
Vest NOW-USD-PERPShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin NOWUSDTMshort | +0.0100% | 8h | 137.87 | −0.181% | $316K | $635K | 20x | |
| Binance NOWUSDT | +0.0202% | 8h | 138.14 | +0.014% | $1.8M | $1.4M | 20x | as long as short |
| Bybit NOWUSDT | +0.0212% | 8h | 138.12 | 0.000% | $1.6M | $3.3M | 25x | as long as short |
| BloFin NOW-USDT | +0.0231% | 8h | 138.16 | +0.029% | $46K | $17K | 20x | as long as short |
| GRVT NOW_USDT_Perplong | +0.0418% | 8h | 138.12 | long leg | $355 | $147K | 10x | |
| tradeXYZ xyz:NOW | +0.0425% | 1h | 137.97 | −0.109% | $2.1M | $226K | 10x | as long as short |
Binance NOWUSDT
Bybit NOWUSDT
BloFin NOW-USDT
tradeXYZ xyz:NOW