Funding you earn now, next payment 07:00 UTC+0.0490%/8h= +53.7% APRpaid last 24h +0.719%
Price spread now: Kraken Futures against Bybit+0.210%7-day average +0.295% · you sell dearer than you buy
Net, funding: paid 7d − costs−$1,306as in the Funding arb table
Net, price: spread back to 7d avg − costs−$1,344as in the Price arb table
costs, in and out, $10k−$1,33613.360% of the position
Funding, last 7 days+0.299%+$30 on $10k
+Price spread, last 4 days (all we have)+0.096%+$10 · spread now +0.210%, 7d avg +0.295%
=Funding pays, the price is against you. Kraken Futures is 0.084% cheaper against Bybit than usual: you would sell low and buy high (spread +0.210% now, against its 7-day average of +0.295%). If the spread goes back, that is −$8 on $10k: about 14 hours of funding at the current rate (+$15 a day). At the pace of the last 7 days (+0.299% in total) that is about 47 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.299% in total (about 15.6% 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 | Bybit GRTUSDT | 0.02311 | 0.0100 | pay 0.0100% / 8h | 1h 46m | $2.8M | $2.2M | 75x |
| Short | Kraken Futures PF_GRTUSD | 0.02316 | 0.0590 | get 0.0074% / 1h | 46m 55s | $278K | $64K | 20x |
Bybit GRTUSDT
Kraken Futures PF_GRTUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Bybit. 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
- $102.89
- Price spread: +0.210% → +0.295%
- −$8.42
- Slippage, 4 orders
- −$1,314.99
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$1,241.52
- Costs to cover
- 13.360%
- Break-even
- 91.5 days
Slippage from Bybit: live order book, 5 min ago; Kraken Futures: live order book, 61 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 Bybit live order book, 5 min ago | 6.49 bp | 20.9 bp −$21 | 51.3 bp −$513 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 61 min ago | 17.13 bp | 41.4 bp −$41 | 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 | −0.0097% | 8h | 0.02312 | +0.027% | $113K | $100K | — | as long as short |
| gTrade (Gains Network) GRT/USD | L +0.0024% / S +0.0001% | 1h | 0.02315 | +0.168% | $633 | — | 150x | as long as short |
| Injective GRT/USDC PERP | +0.0033% | 1h | 0.02217 | −4.068% | — | $8K | 5.5x | as long as short |
| Binance GRTUSDT | +0.0100% | 8h | 0.02313 | +0.087% | $3.5M | $8.2M | 75x | as long as short |
| Bybit GRTUSDTlong | +0.0100% | 8h | 0.02311 | long leg | $2.8M | $2.2M | 75x | |
| OKX GRT-USDT-SWAP | +0.0100% | 8h | 0.02313 | +0.087% | $629K | $743K | 20x | as long as short |
| Gate GRT_USDT | +0.0100% | 8h | 0.02314 | +0.130% | $438K | $415K | 50x | as long as short |
| MEXC GRT_USDT | +0.0100% | 8h | 0.02312 | +0.043% | $1.8M | $1.0M | 200x | as long as short |
| KuCoin GRTUSDTM | +0.0100% | 8h | 0.02315 | +0.173% | $1.0M | $689K | 50x | as long as short |
| Bitget GRTUSDT | +0.0100% | 8h | 0.02314 | +0.130% | $2.3M | $648K | 75x | as long as short |
Variational Omni GRT
gTrade (Gains Network) GRT/USD
Injective GRT/USDC PERP
Binance GRTUSDT
OKX GRT-USDT-SWAP
Gate GRT_USDT
MEXC GRT_USDT
KuCoin GRTUSDTM
Bitget GRTUSDTShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX GRT-USDT | +0.0100% | 8h | 0.02313 | +0.087% | — | $2.5M | — | as long as short |
| BloFin GRT-USDT | +0.0111% | 8h | 0.02316 | +0.216% | $172K | $221K | 75x | as long as short |
| Kraken Futures PF_GRTUSDshort | +0.0590% | 1h | 0.02316 | +0.210% | $278K | $64K | 20x |
BingX GRT-USDT
BloFin GRT-USDT