Funding you earn now, next payment 03:00 UTC−0.1445%/8h= −158.2% APRpaid last 24h +0.696%
Price spread now: Kraken Futures against Binance+0.298%7-day average +0.214% · you sell dearer than you buy
Net, funding: paid 7d − costs−$876as in the Funding arb table
Net, price: spread back to 7d avg − costs−$907as in the Price arb table
costs, in and out, $10k−$9159.153% of the position
Funding, last 7 days+0.390%+$39 on $10k
+Price spread, last 4 days (all we have)+0.121%+$12 · spread now +0.298%, 7d avg +0.214%
=The price spread pays, funding is against you. Kraken Futures is 0.084% dearer against Binance than usual: you sell high and buy low (spread +0.298% now, against its 7-day average of +0.214%): +$8 on $10k if it goes back. Holding the pair costs −$43 a day in funding at the current rate, which eats that in about 5 hours. Mind the row above: over the last 7 days funding on this pair paid +0.390%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.390% in total (about 20.3% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance GRTUSDT | 0.02377 | 0.0100 | pay 0.0100% / 8h | 5h 04m | $3.7M | $8.5M | 75x |
| Short | Kraken Futures PF_GRTUSD | 0.02384 | −0.1345 | pay 0.0168% / 1h | 4m 55s | $289K | $57K | 20x |
Binance GRTUSDT
Kraken Futures PF_GRTUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Binance. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$303.48
- Price spread: +0.298% → +0.214%
- $8.37
- Slippage, 4 orders
- −$895.31
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$1,210.42
- Costs to cover
- 9.153%
- Break-even
- never at this rate
Slippage from Binance: live order book, 4 min ago; Kraken Futures: live order book, 58 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 Binance live order book, 4 min ago | 2.10 bp | 17.9 bp −$18 | 67.4 bp −$674 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 58 min ago | 27.31 bp | 39.1 bp −$39 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_GRTUSDshort | −0.1345% | 1h | 0.02384 | +0.298% | $289K | $57K | 20x | |
| Variational Omni GRT | −0.0143% | 8h | 0.02374 | −0.125% | $116K | $100K | — | as long as short |
| gTrade (Gains Network) GRT/USD | L +0.0024% / S +0.0001% | 1h | 0.02380 | +0.135% | $651 | — | 150x | as long as short |
| Injective GRT/USDC PERP | +0.0033% | 1h | 0.02217 | −6.731% | — | $8K | 5.5x | as long as short |
| Bybit GRTUSDT | +0.0055% | 8h | 0.02374 | −0.126% | $2.9M | $2.2M | 75x | as long as short |
| BloFin GRT-USDT | +0.0081% | 8h | 0.02373 | −0.168% | $181K | $227K | 75x | as long as short |
| Binance GRTUSDTlong | +0.0100% | 8h | 0.02377 | long leg | $3.7M | $8.5M | 75x | |
| OKX GRT-USDT-SWAP | +0.0100% | 8h | 0.02376 | −0.042% | $640K | $819K | 20x | as long as short |
| Gate GRT_USDT | +0.0100% | 8h | 0.02378 | +0.042% | $460K | $430K | 50x | as long as short |
| MEXC GRT_USDT | +0.0100% | 8h | 0.02377 | 0.000% | $2.0M | $1.2M | 200x | as long as short |
Variational Omni GRT
gTrade (Gains Network) GRT/USD
Injective GRT/USDC PERP
Bybit GRTUSDT
BloFin GRT-USDT
OKX GRT-USDT-SWAP
Gate GRT_USDT
MEXC GRT_USDTShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin GRTUSDTM | +0.0100% | 8h | 0.02378 | +0.042% | $1.1M | $646K | 50x | as long as short |
| Bitget GRTUSDT | +0.0100% | 8h | 0.02382 | +0.210% | $2.4M | $699K | 75x | as long as short |
| BingX GRT-USDT | +0.0100% | 8h | 0.02376 | −0.042% | — | $2.4M | — | as long as short |
KuCoin GRTUSDTM
Bitget GRTUSDT
BingX GRT-USDT