Funding you earn now, next payment 05:00 UTC+0.0624%/8h= +68.3% APRpaid last 24h +0.038%
Price spread now: Kraken Futures against BingX+0.182%7-day average +0.120% · you sell dearer than you buy
Net, funding: paid 7d − costs−$49as in the Funding arb table
Net, price: spread back to 7d avg − costs−$54as in the Price arb table
costs, in and out, $10k−$600.605% of the position
Funding, last 7 days+0.115%+$12 on $10k
+Price spread, last 4 days (all we have)+0.282%+$28 · spread now +0.182%, 7d avg +0.120%
=Both sides work for this trade now. Funding pays +$19 a day on $10k at the current rate, and Kraken Futures is 0.062% dearer against BingX than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.120%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.115% in total (about 6.0% 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 | BingX CRV-USDT | 0.3630 | 0.0100 | pay 0.0100% / 8h | 3h 56m | — | $23.5M | — |
| Short | Kraken Futures PF_CRVUSD | 0.3637 | 0.0724 | get 0.0090% / 1h | 56m 03s | $3.1M | $2.6M | 50x |
BingX CRV-USDT
Kraken Futures PF_CRVUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against BingX. 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
- $130.95
- Price spread: +0.182% → +0.120%
- $6.23
- Slippage, 4 orders
- −$40.45
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $76.73
- Costs to cover
- 0.605%
- Break-even
- 2.9 days
Slippage from BingX: live order book, 8 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 BingX live order book, 8 min ago | 4.14 bp | 14.4 bp −$14 | 24.9 bp −$249 | 70.4 bp −$7,044 | 291.5 bp −$145.8K |
| Sell Kraken Futures live order book, 3 min ago | 5.51 bp | 10.5 bp −$11 | 36.2 bp −$362 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Backpack CRV_USDC_PERP | −0.0143% | 1h | 0.3633 | +0.074% | $102K | $256K | 10x | as long as short |
| Reya CRVRUSDPERP | −0.0048% | 1h | 0.3622 | −0.209% | $16 | — | 15x | as long as short |
| dYdX CRV-USD | 0.0000% | 1h | 0.3626 | −0.108% | $37K | $8K | 10x | as long as short |
| Phoenix CRV | 0.0000% | 1h | 0.3629 | −0.025% | $26K | $176K | 10x | as long as short |
| Deribit CRV_USDC-PERPETUAL | +0.0025% | 1h | 0.3634 | +0.110% | $55K | $47K | 25x | as long as short |
| Injective CRV/USDC PERP | +0.0033% | 1h | 0.3670 | +1.102% | $79 | $384K | 12x | as long as short |
| Lighter CRV | +0.0096% | 1h | 0.3631 | +0.025% | $384K | $698K | 10x | as long as short |
| Orderly PERP_CRV_USDC | +0.0099% | 8h | 0.3630 | 0.000% | $24K | $902 | 10x | as long as short |
| Aster CRVUSDT | +0.0100% | 8h | 0.3631 | +0.035% | $129K | $180K | 10x | as long as short |
| Pacifica CRV | +0.0100% | 1h | 0.3624 | −0.169% | $368K | $198K | 10x | as long as short |
Backpack CRV_USDC_PERP
Reya CRVRUSDPERP
dYdX CRV-USD
Phoenix CRV
Deribit CRV_USDC-PERPETUAL
Injective CRV/USDC PERP
Lighter CRV
Orderly PERP_CRV_USDC
Aster CRVUSDT
Pacifica CRVShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance CRVUSDT | +0.0100% | 8h | 0.3626 | −0.098% | $24.9M | $54.4M | 75x | as long as short |
| Bybit CRVUSDT | +0.0100% | 8h | 0.3625 | −0.138% | $27.5M | $17.7M | 75x | as long as short |
| OKX CRV-USDT-SWAP | +0.0100% | 8h | 0.3625 | −0.138% | $8.7M | $20.4M | 50x | as long as short |
| Gate CRV_USDT | +0.0100% | 8h | 0.3629 | −0.028% | $1.9M | $1.3M | 50x | as long as short |
| MEXC CRV_USDT | +0.0100% | 8h | 0.3630 | 0.000% | $13.5M | $5.6M | 125x | as long as short |
| KuCoin CRVUSDTM | +0.0100% | 8h | 0.3631 | +0.028% | $6.1M | $8.6M | 50x | as long as short |
| Bitget CRVUSDT | +0.0100% | 8h | 0.3632 | +0.055% | $6.8M | $5.1M | 75x | as long as short |
| BingX CRV-USDTlong | +0.0100% | 8h | 0.3630 | long leg | — | $23.5M | — | |
| Variational Omni CRV | +0.0100% | 8h | 0.3629 | −0.031% | $1.1M | $101K | — | as long as short |
| edgeX CRVUSDC | +0.0100% | 4h | 0.3629 | −0.015% | $37K | $172K | 20x | as long as short |
| GRVT CRV_USDT_Perp | +0.0100% | 8h | 0.3630 | 0.000% | $513K | $451K | 10x | as long as short |
| ApeX Omni CRVUSDT | +0.0100% | 1h | 0.3632 | +0.055% | $52K | $684K | 50x | as long as short |
| SunX CRV-USDT | +0.0100% | 8h | 0.3681 | +1.405% | $2K | $1.3M | 20x | as long as short |
| Extended CRV-USD | +0.0104% | 1h | 0.3631 | +0.035% | $257K | $493K | 25x | as long as short |
| Aevo CRV-PERP | +0.0104% | 1h | 0.3630 | +0.004% | $13K | $6K | 3x | as long as short |
| BloFin CRV-USDT | +0.0220% | 8h | 0.3621 | −0.248% | $1.4M | $4.0M | 75x | as long as short |
| Hyperliquid CRV | +0.0287% | 1h | 0.3635 | +0.127% | $21.9M | $15.0M | 10x | as long as short |
| GMX CRV/USD [ETH-USDC] | L +0.0416% / S −0.0177% | 1h | 0.3629 | −0.031% | $212K | — | 100x | as long as short |
| Coinbase International CRV-PERP-INTX | +0.0432% | 1h | 0.3629 | −0.028% | $382K | $4.0M | 50x | as long as short |
| Kraken Futures PF_CRVUSDshort | +0.0724% | 1h | 0.3637 | +0.182% | $3.1M | $2.6M | 50x |
Binance CRVUSDT
Bybit CRVUSDT
OKX CRV-USDT-SWAP
Gate CRV_USDT
MEXC CRV_USDT
KuCoin CRVUSDTM
Bitget CRVUSDT
Variational Omni CRV
edgeX CRVUSDC
GRVT CRV_USDT_Perp
ApeX Omni CRVUSDT
SunX CRV-USDT
Extended CRV-USD
Aevo CRV-PERP
BloFin CRV-USDT
Hyperliquid CRV
GMX CRV/USD [ETH-USDC]
Coinbase International CRV-PERP-INTX