Funding arb · Price arb / RWA
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 1,226.8 | +0.0124 | pay 0.0372% / 24h | 16h 13m | $428K | $1.3M | 4.5x | Long Kalshi | |
| SHORT | 1,228.1 | +0.0030 | get 0.0015% / 4h | 2h 13m | $260K | $748K | 25x | Short GRVT |
Price gap+0.109%
Funding gap−0.0094% /8h
The gap pays +$6 on $10k if it goes back to its 7d average, but funding costs $3 a day and eats that in about 2.2 days.
Funding on this pair paid 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+$89−0.0094% /8h now · paid +0.893% over the last 7D
Price+$6spread +0.109% now, avg +0.046% → +0.063% if it goes back
Costs−$400.397% of $10k · taker + slippage, in and out
Result+$56+0.56%+ 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
GRVT price against Kalshinow
RANGE STATS · 7D
Now+0.109%
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
3 ok · 3 to watch- OK: Fits both order books11.7 / 9.1 bpEntry at $10k a leg, taker fee + slippage. Closing costs about the same.
- Note: Margin at max leverage$2,181 + $400Kalshi 4.5x, GRVT 25x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- Watch: Payment intervals differ24h / 4hPayments land at different times. Close right after the slower leg pays.Next 24h at the current rates, on $10k a leg: −$2.82Long Kalshi: 1 payment, −$3.72; short GRVT: 6 payments, +$0.90.
- OK: Entry gap works for you+0.109% vs +0.046%You short the dearer leg. If the gap goes back to average, the short gains.
- Watch: Short leg is thinner$260K vs $428K OIGRVT sets your exit cost. Check its book before closing.
- OK: Points on a legGRVT pointsVolume here counts toward the points program.
- Watch: KYCKalshi Yes · GRVT NoA 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+0.109% → +0.046% (7d avg)+$6.31
Slippage, 4 orderslive order books−$20.73
Fee Kalshi bp × 2 orders−$10.00
Fee GRVT bp × 2 orders−$9.00
Net · 7 days · $10k+$55.89
Costs to cover0.397%Break-even2.6 days
Slippage: Kalshi: live order book, just now; GRVT: live order book, 50 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGKalshi3.2611.7 bp−$12doesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTGRVT0.459.1 bp−$9doesn’t fitdoesn’t fitdoesn’t fit
Closing costs about the same again.
| 09-29 11:00 | gTrade (Gains Network) | Listing | XPD/USD no longer reported ($XPD) seen by our collector |
| 09-23 13:33 | Kalshi | Listing | new market KXPALLADIUMPERP ($XPD) seen by our collector |
gTrade (Gains Network)