Funding arb · Price arb /

GRT

all GRT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0043%/8h= +4.7% APRpaid last 24h +0.693%

Price spread now: Kraken Futures against KuCoin+0.143%7-day average +0.204% · you sell dearer than you buy

Net, funding: paid 7d − costs−$147as in the Funding arb table

Net, price: spread back to 7d avg − costs−$200as in the Price arb table

costs, in and out, $10k−$1941.937% of the position

Long on KuCoin Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+0.463%+$46 on $10k

Price spread, last 4 days (all we have)+0.176%+$18 · spread now +0.143%, 7d avg +0.204%

Together, before fees+0.639%+$64 on $10k · with fees, hour by hour

Funding pays, the price is against you. Kraken Futures is 0.061% cheaper against KuCoin than usual: you would sell low and buy high (spread +0.143% now, against its 7-day average of +0.204%). If the spread goes back, that is −$6 on $10k: about 4.7 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.463% in total) that is about 22 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin GRTUSDTM	0.02348	0.0100	pay 0.0100% / 8h	6h 16m	$1.0M	$656K	50x
Short	Kraken Futures PF_GRTUSD	0.02351	0.0143	get 0.0018% / 1h	16m 26s	$276K	$65K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against KuCoin. 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 KuCoinbpFee Kraken FuturesbpOrdersPrice spread, now +0.143%Rate

Funding earned: $9.07
Price spread: +0.143% → +0.204%: −$6.13
Slippage, 4 orders: −$171.72
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$190.78
Costs to cover: 1.937%
Break-even: 154.3 days

Slippage from KuCoin: live order book, 1 min ago; Kraken Futures: live order book, 34 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 KuCoin live order book, 1 min ago	6.39 bp	39.3 bp −$39	168.5 bp −$1,685	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 34 min ago	36.15 bp	50.3 bp −$50	doesn't fit	doesn't fit	doesn't fit

GRT on 13 exchanges

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	−0.0034%	8h	0.02349	+0.043%	$89K	$125K	—	as long as short
gTrade (Gains Network) GRT/USD	L +0.0024% / S +0.0001%	1h	0.02353	+0.199%	$643	—	150x	as long as short
Injective GRT/USDC PERP	+0.0033%	1h	0.02217	−5.579%	—	$8K	5.5x	as long as short
Binance GRTUSDT	+0.0100%	8h	0.02352	+0.170%	$3.5M	$7.5M	75x	as long as short
Bybit GRTUSDT	+0.0100%	8h	0.02348	0.000%	$2.9M	$2.1M	75x	as long as short
OKX GRT-USDT-SWAP	+0.0100%	8h	0.02351	+0.128%	$635K	$683K	20x	as long as short
Gate GRT_USDT	+0.0100%	8h	0.02352	+0.170%	$444K	$345K	50x	as long as short
MEXC GRT_USDT	+0.0100%	8h	0.02353	+0.213%	$1.7M	$1.0M	200x	as long as short
KuCoin GRTUSDTMlong	+0.0100%	8h	0.02348	long leg	$1.0M	$656K	50x
Bitget GRTUSDT	+0.0100%	8h	0.02354	+0.256%	$2.3M	$595K	75x	as long as short

Show all 13 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX GRT-USDT	+0.0100%	8h	0.02348	0.000%	—	$2.5M	—	as long as short
BloFin GRT-USDT	+0.0126%	8h	0.02351	+0.128%	$172K	$106K	75x	as long as short
Kraken Futures PF_GRTUSDshort	+0.0143%	1h	0.02351	+0.143%	$276K	$65K	20x