Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 1,231.3 | 0 | 0.0000% / 4h | 1h 29m | $261K | $743K | 25x | Long GRVT | |
| SHORT | 1,230.2 | +0.0124 | get 0.0372% / 24h | 15h 29m | $427K | $1.3M | 4.5x | Short Kalshi |
Price gap−0.090%
Funding gap+0.0124% /8h
Funding pays +$4 a day on $10k, but the gap is 0.043% under its 7d average: −$4 if it goes back, about 28 hours of funding.
Funding on this pair cost 0.893% over the last 7 days: the rate has only just turned.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$89+0.0124% /8h now · paid −0.893% over the last 7D
Price−$4spread −0.090% now, avg −0.047% → −0.043% if it goes back
Costs−$380.380% of $10k · taker + slippage, in and out
Result−$132−1.32%+ Points / potential airdropGRVT: points · farm boardWhat the last 7D really paid, hour by hour → backtest
Funding history
you earnyou payavg
RANGE STATS · 7D
Average /8h—
Highest—
Lowest—
Paid you—
Short leg rate minus long leg rate, per 8h. Above zero: the pair pays you.
Price spread between the two exchanges
Kalshi price against GRVTnow
RANGE STATS · 7D
Now−0.090%
Average—
Range—
Wider than now—
Where the spread has been, last 7D▾
share of time at each level
Funding on every exchange
/8hXPD on 17 exchanges
lowest funding firstBefore you open
2 ok · 4 to watch- OK: Fits both order books6.6 / 11.6 bpEntry at $10k a leg, taker fee + slippage. Closing costs about the same.
- Note: Margin at max leverage$400 + $2,181GRVT 25x, Kalshi 4.5x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ4h / 24hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: +$3.72Long GRVT: 6 payments, $0.00; short Kalshi: 1 payment, +$3.72.
- Watch: Gap narrower than usual−0.090% vs −0.047%Less room for the price leg to pay you. If it goes back to average, the short loses.
- Watch: Long leg is thinner$261K vs $427K OIGRVT sets your exit cost. Check its book before closing.
- OK: Points on a legGRVT pointsVolume here counts toward the points program.
- Watch: KYCGRVT No · Kalshi YesA US-regulated exchange: full KYC (ID, address, SSN when asked) before any trade.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0425%/8h × 21 periods−$89.30
Price spread−0.090% → −0.047% (7d avg)−$4.32
Slippage, 4 orderslive order books−$19.01
Fee GRVT bp × 2 orders−$9.00
Fee Kalshi bp × 2 orders−$10.00
Net · 7 days · $10k−$131.64
Costs to cover0.380%Break-evennever at this rate
Slippage: GRVT: live order book, 29 min ago; Kalshi: live order book, 4 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGGRVT0.046.6 bp−$75851.6 bp−$58.5Kdoesn’t fitdoesn’t fit
SELL · SHORTKalshi3.6611.6 bp−$12doesn’t fitdoesn’t fitdoesn’t fit
Closing costs about the same again.
| 09-29 11:00 | gTrade (Gains Network) | Listing | XPD/USD no longer reported ($XPD) seen by our collector |
| 09-23 13:33 | Kalshi | Listing | new market KXPALLADIUMPERP ($XPD) seen by our collector |
gTrade (Gains Network)