Funding you earn now, next payment 23:00 UTC−0.0073%/8h= −8.0% APRpaid last 24h +0.047%
Price spread now: Kraken Futures against Binance+0.403%7-day average +0.124% · you sell dearer than you buy
Net, funding: paid 7d − costs−$55as in the Funding arb table
Net, price: spread back to 7d avg − costs−$42as in the Price arb table
costs, in and out, $10k−$700.702% of the position
Funding, last 7 days+0.156%+$16 on $10k
+Price spread, last 3 days (all we have)−0.139%−$14 · spread now +0.403%, 7d avg +0.124%
=The price spread pays, funding is against you. Kraken Futures is 0.279% dearer against Binance than usual: you sell high and buy low (spread +0.403% now, against its 7-day average of +0.124%): +$28 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 13 days. Mind the row above: over the last 7 days funding on this pair paid +0.156%, 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 | Binance CRVUSDT | 0.3657 | 0.0100 | pay 0.0100% / 8h | 1h 30m | $25.7M | $57.0M | 75x |
| Short | Kraken Futures PF_CRVUSD | 0.3672 | 0.0027 | get 0.0003% / 1h | 30m 47s | $3.1M | $3.1M | 50x |
Binance CRVUSDT
Kraken Futures PF_CRVUSDFunding 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
- −$15.32
- Price spread: +0.403% → +0.124%
- $27.95
- Slippage, 4 orders
- −$50.25
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$57.62
- Costs to cover
- 0.702%
- Break-even
- never at this rate
Slippage from Binance: live order book, 12 min ago; Kraken Futures: live order book, 3 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, 12 min ago | 1.36 bp | 11.0 bp −$11 | 27.7 bp −$277 | 119.5 bp −$12.0K | doesn't fit |
| Sell Kraken Futures live order book, 3 min ago | 8.15 bp | 23.1 bp −$23 | 44.4 bp −$444 | doesn't fit | doesn't fit |
CRV on 30 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit CRV_USDC-PERPETUAL | −0.0295% | 1h | 0.3666 | +0.243% | $57K | $48K | 25x | as long as short |
| Injective CRV/USDC PERP | −0.0228% | 1h | 0.3670 | +0.352% | $79 | $384K | 12x | as long as short |
| Phoenix CRV | −0.0176% | 1h | 0.3676 | +0.511% | $26K | $181K | 10x | as long as short |
| Reya CRVRUSDPERP | −0.0049% | 1h | 0.3668 | +0.299% | $16 | — | 15x | as long as short |
| dYdX CRV-USD | 0.0000% | 1h | 0.3660 | +0.073% | $38K | $4K | 10x | as long as short |
| Kraken Futures PF_CRVUSDshort | +0.0027% | 1h | 0.3672 | +0.403% | $3.1M | $3.1M | 50x | |
| Orderly PERP_CRV_USDC | +0.0095% | 8h | 0.3668 | +0.297% | $24K | $930 | 10x | as long as short |
| Lighter CRV | +0.0096% | 1h | 0.3658 | +0.021% | $413K | $703K | 10x | as long as short |
| Aster CRVUSDT | +0.0100% | 8h | 0.3660 | +0.083% | $131K | $186K | 10x | as long as short |
| Pacifica CRV | +0.0100% | 1h | 0.3660 | +0.085% | $378K | $189K | 10x | as long as short |
Deribit CRV_USDC-PERPETUAL
Injective CRV/USDC PERP
Phoenix CRV
Reya CRVRUSDPERP
dYdX CRV-USD
Orderly PERP_CRV_USDC
Lighter CRV
Aster CRVUSDT
Pacifica CRVShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance CRVUSDTlong | +0.0100% | 8h | 0.3657 | long leg | $25.7M | $57.0M | 75x | |
| Bybit CRVUSDT | +0.0100% | 8h | 0.3659 | +0.051% | $27.8M | $17.1M | 75x | as long as short |
| OKX CRV-USDT-SWAP | +0.0100% | 8h | 0.3655 | −0.058% | $8.7M | $22.1M | 50x | as long as short |
| Gate CRV_USDT | +0.0100% | 8h | 0.3661 | +0.106% | $2.0M | $1.3M | 50x | as long as short |
| MEXC CRV_USDT | +0.0100% | 8h | 0.3657 | −0.003% | $14.6M | $5.5M | 125x | as long as short |
| KuCoin CRVUSDTM | +0.0100% | 8h | 0.3661 | +0.106% | $7.2M | $9.0M | 50x | as long as short |
| Bitget CRVUSDT | +0.0100% | 8h | 0.3661 | +0.106% | $6.9M | $5.6M | 75x | as long as short |
| BingX CRV-USDT | +0.0100% | 8h | 0.3658 | +0.024% | — | $21.6M | — | as long as short |
| Variational Omni CRV | +0.0100% | 8h | 0.3676 | +0.518% | $1.1M | $138K | — | as long as short |
| edgeX CRVUSDC | +0.0100% | 4h | 0.3679 | +0.587% | $38K | $173K | 20x | as long as short |
| GRVT CRV_USDT_Perp | +0.0100% | 8h | 0.3684 | +0.741% | $513K | $437K | 10x | as long as short |
| ApeX Omni CRVUSDT | +0.0100% | 1h | 0.3681 | +0.653% | $61K | $694K | 50x | as long as short |
| SunX CRV-USDT | +0.0100% | 8h | 0.3698 | +1.118% | $2K | $1.3M | 20x | as long as short |
| Extended CRV-USD | +0.0104% | 1h | 0.3657 | −0.007% | $243K | $883K | 25x | as long as short |
| Aevo CRV-PERP | +0.0104% | 1h | 0.3667 | +0.270% | $19K | $9K | 3x | as long as short |
| BloFin CRV-USDT | +0.0220% | 8h | 0.3657 | −0.003% | $1.4M | $4.4M | 75x | as long as short |
| Coinbase International CRV-PERP-INTX | +0.0376% | 1h | 0.3687 | +0.817% | $388K | $4.8M | 50x | as long as short |
| Hyperliquid CRV | +0.0395% | 1h | 0.3664 | +0.177% | $22.7M | $16.7M | 10x | as long as short |
| GMX CRV/USD [ETH-USDC] | L +0.0403% / S −0.0160% | 1h | 0.3671 | +0.378% | $218K | — | 100x | as long as short |
| Backpack CRV_USDC_PERP | +0.0414% | 1h | 0.3667 | +0.278% | $107K | $362K | 10x | as long as short |
Bybit CRVUSDT
OKX CRV-USDT-SWAP
Gate CRV_USDT
MEXC CRV_USDT
KuCoin CRVUSDTM
Bitget CRVUSDT
BingX CRV-USDT
Variational Omni CRV
edgeX CRVUSDC
GRVT CRV_USDT_Perp
ApeX Omni CRVUSDT
SunX CRV-USDT
Extended CRV-USD
Aevo CRV-PERP
BloFin CRV-USDT
Coinbase International CRV-PERP-INTX
Hyperliquid CRV
GMX CRV/USD [ETH-USDC]
Backpack CRV_USDC_PERP