Funding arb · Price arb /

GRT

all GRT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0573%/8h= −62.8% APRpaid last 24h −0.705%

Price spread now: Gate against Kraken Futures−0.314%7-day average −0.161% · you buy dearer than you sell

Net, funding: paid 7d − costs−$2,663as in the Funding arb table

Net, price: spread back to 7d avg − costs−$2,637as in the Price arb table

costs, in and out, $10k−$2,62226.221% of the position

Long on Kraken Futures Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.414%−$41 on $10k

Price spread, last 4 days (all we have)+0.171%+$17 · spread now −0.314%, 7d avg −0.161%

Together, before fees−0.243%−$24 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$17 a day on $10k at the current rate, and Gate is 0.153% cheaper against Kraken Futures than usual: you would sell low and buy high (−$15 if the spread goes back to its 7-day average of −0.161%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_GRTUSD	0.02346	0.0673	pay 0.0084% / 1h	8m 15s	$278K	$67K	20x
Short	Gate GRT_USDT	0.02339	0.0100	get 0.0100% / 8h	8m 15s	$443K	$427K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Kraken Futures. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee Kraken FuturesbpFee GatebpOrdersPrice spread, now −0.314%Rate

Funding earned: −$120.35
Price spread: −0.314% → −0.161%: −$15.32
Slippage, 4 orders: −$2,597.1
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$2,757.77
Costs to cover: 26.221%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 29 min ago; Gate: 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 Kraken Futures live order book, 29 min ago	25.71 bp	2463.4 bp −$2,463	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 27 min ago	8.58 bp	54.9 bp −$55	doesn't fit	doesn't fit	doesn't fit

GRT on 13 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
Variational Omni GRT	0.0000%	8h	0.02335	−0.476%	$88K	$125K	—	as long as short
gTrade (Gains Network) GRT/USD	L +0.0024% / S +0.0001%	1h	0.02343	−0.163%	$640	—	150x	as long as short
Injective GRT/USDC PERP	+0.0033%	1h	0.02217	−5.514%	—	$8K	5.5x	as long as short
Binance GRTUSDT	+0.0100%	8h	0.02343	−0.153%	$3.5M	$8.2M	75x	as long as short
Bybit GRTUSDT	+0.0100%	8h	0.02342	−0.187%	$2.9M	$2.2M	75x	as long as short
OKX GRT-USDT-SWAP	+0.0100%	8h	0.02342	−0.187%	$635K	$748K	20x	as long as short
Gate GRT_USDTshort	+0.0100%	8h	0.02339	−0.314%	$443K	$427K	50x
MEXC GRT_USDT	+0.0100%	8h	0.02344	−0.101%	$1.9M	$1.1M	200x	as long as short
KuCoin GRTUSDTM	+0.0100%	8h	0.02341	−0.229%	$1.0M	$699K	50x	as long as short
Bitget GRTUSDT	+0.0100%	8h	0.02343	−0.144%	$2.4M	$657K	75x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX GRT-USDT	+0.0100%	8h	0.02342	−0.187%	—	$2.5M	—	as long as short
BloFin GRT-USDT	+0.0128%	8h	0.02340	−0.272%	$170K	$135K	75x	as long as short
Kraken Futures PF_GRTUSDlong	+0.0673%	1h	0.02346	long leg	$278K	$67K	20x