Funding arb · Price arb /

GRT

all GRT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0058%/8h= −6.3% APRpaid last 24h +0.725%

Price spread now: Kraken Futures against OKX+0.329%7-day average +0.267% · you sell dearer than you buy

Net, funding: paid 7d − costs−$1,314as in the Funding arb table

Net, price: spread back to 7d avg − costs−$1,345as in the Price arb table

costs, in and out, $10k−$1,35213.516% of the position

Long on OKX Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+0.374%+$37 on $10k

Price spread, last 4 days (all we have)−0.022%−$2 · spread now +0.329%, 7d avg +0.267%

Together, before fees+0.352%+$35 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Kraken Futures is 0.062% dearer against OKX than usual: you sell high and buy low (spread +0.329% now, against its 7-day average of +0.267%): +$6 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 3.6 days. Mind the row above: over the last 7 days funding on this pair paid +0.374%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX GRT-USDT-SWAP	0.02334	0.0100	pay 0.0100% / 8h	2h 47m	$634K	$748K	20x
Short	Kraken Futures PF_GRTUSD	0.02342	0.0042	get 0.0005% / 1h	47m 41s	$282K	$64K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against OKX. 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 OKXbpFee Kraken FuturesbpOrdersPrice spread, now +0.329%Rate

Funding earned: −$12.13
Price spread: +0.329% → +0.267%: $6.22
Slippage, 4 orders: −$1,331.62
Fee OKX: 5 bp × 2 orders: −$10
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$1,357.53
Costs to cover: 13.516%
Break-even: never at this rate

Slippage from OKX: live order book, 63 min ago; Kraken Futures: live order book, 65 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 OKX live order book, 63 min ago	2.11 bp	40.2 bp −$40	9641.0 bp −$96.4K	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 65 min ago	35.78 bp	57.3 bp −$57	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	−0.0128%	8h	0.02333	−0.060%	$114K	$100K	—	as long as short
gTrade (Gains Network) GRT/USD	L +0.0024% / S +0.0001%	1h	0.02339	+0.233%	$640	—	150x	as long as short
Injective GRT/USDC PERP	+0.0033%	1h	0.02217	−5.013%	—	$8K	5.5x	as long as short
Kraken Futures PF_GRTUSDshort	+0.0042%	1h	0.02342	+0.329%	$282K	$64K	20x
Binance GRTUSDT	+0.0100%	8h	0.02336	+0.104%	$3.6M	$8.1M	75x	as long as short
Bybit GRTUSDT	+0.0100%	8h	0.02333	−0.043%	$2.9M	$2.1M	75x	as long as short
OKX GRT-USDT-SWAPlong	+0.0100%	8h	0.02334	long leg	$634K	$748K	20x
Gate GRT_USDT	+0.0100%	8h	0.02339	+0.214%	$452K	$405K	50x	as long as short
MEXC GRT_USDT	+0.0100%	8h	0.02337	+0.129%	$1.9M	$1.1M	200x	as long as short
KuCoin GRTUSDTM	+0.0100%	8h	0.02339	+0.214%	$1.1M	$682K	50x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget GRTUSDT	+0.0100%	8h	0.02336	+0.086%	$2.4M	$660K	75x	as long as short
BingX GRT-USDT	+0.0100%	8h	0.02337	+0.129%	—	$2.5M	—	as long as short
BloFin GRT-USDT	+0.0104%	8h	0.02336	+0.086%	$176K	$221K	75x	as long as short