Funding you earn now, next payment 08:00 UTC+0.0643%/8h= +70.4% APRpaid last 24h +0.063%
Price spread now: Kraken Futures against Bitget+0.017%48s7-day average +0.081% · you sell dearer than you buy
Net, funding: paid 7d − costs−$52as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$680.681% of the position
Funding, last 7 days+0.159%+$16 on $10k
+Price spread, last 4 days (all we have)+0.126%+$13 · spread now +0.017%, 7d avg +0.081%
=Funding pays, the price is against you. Kraken Futures is 0.065% cheaper against Bitget than usual: you would sell low and buy high (spread +0.017% now, against its 7-day average of +0.081%). If the spread goes back, that is −$6 on $10k: about 8 hours of funding at the current rate (+$19 a day). At the pace of the last 7 days (+0.159% in total) that is about 2.8 days. The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.159% in total (about 8.3% 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 | Bitget CRVUSDT | 0.3574 | 0.0100 | pay 0.0100% / 8h | 0m 29s | $6.7M | $5.3M | 75x |
| Short | Kraken Futures PF_CRVUSD | 0.3575 | 0.0743 | get 0.0093% / 1h | 0m 29s | $3.0M | $2.8M | 50x |
Bitget CRVUSDT
Kraken Futures PF_CRVUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Bitget. 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
- $135.05
- Price spread: +0.017% → +0.081%
- −$6.47
- Slippage, 4 orders
- −$46.07
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $60.51
- Costs to cover
- 0.681%
- Break-even
- 3.9 days
Slippage from Bitget: live order book, 3 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 Bitget live order book, 3 min ago | 5.61 bp | 15.6 bp −$16 | 23.2 bp −$232 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 3 min ago | 5.61 bp | 15.8 bp −$16 | 40.7 bp −$407 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Reya CRVRUSDPERP | −0.0048% | 1h | 0.3571 | −0.083% | $15 | — | 15x | as long as short |
| Backpack CRV_USDC_PERP | −0.0019% | 1h | 0.3574 | +0.006% | $93K | $256K | 10x | as long as short |
| Variational Omni CRV | −0.0001% | 8h | 0.3565 | −0.251% | $1.1M | $94K | — | as long as short |
| dYdX CRV-USD | 0.0000% | 1h | 0.3570 | −0.105% | $37K | $8K | 10x | as long as short |
| Phoenix CRV | 0.0000% | 1h | 0.3562 | −0.347% | $25K | $187K | 10x | as long as short |
| Deribit CRV_USDC-PERPETUAL | 0.0000% | 1h | 0.3569 | −0.140% | $53K | $46K | 25x | as long as short |
| Injective CRV/USDC PERP | +0.0033% | 1h | 0.3670 | +2.686% | $79 | $384K | 12x | as long as short |
| Lighter CRV | +0.0096% | 1h | 0.3569 | −0.129% | $376K | $698K | 10x | as long as short |
| Hyperliquid CRV | +0.0100% | 1h | 0.3574 | −0.006% | $20.9M | $16.7M | 10x | as long as short |
| Aster CRVUSDT | +0.0100% | 8h | 0.3570 | −0.119% | $114K | $193K | 10x | as long as short |
Reya CRVRUSDPERP
Backpack CRV_USDC_PERP
Variational Omni CRV
dYdX CRV-USD
Phoenix CRV
Deribit CRV_USDC-PERPETUAL
Injective CRV/USDC PERP
Lighter CRV
Hyperliquid CRV
Aster CRVUSDTShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica CRV | +0.0100% | 1h | 0.3570 | −0.120% | $360K | $200K | 10x | as long as short |
| Binance CRVUSDT | +0.0100% | 8h | 0.3570 | −0.112% | $24.6M | $57.6M | 75x | as long as short |
| Bybit CRVUSDT | +0.0100% | 8h | 0.3567 | −0.196% | $26.9M | $19.7M | 75x | as long as short |
| OKX CRV-USDT-SWAP | +0.0100% | 8h | 0.3571 | −0.084% | $8.7M | $20.4M | 50x | as long as short |
| Gate CRV_USDT | +0.0100% | 8h | 0.3572 | −0.056% | $1.8M | $1.3M | 50x | as long as short |
| MEXC CRV_USDT | +0.0100% | 8h | 0.3570 | −0.112% | $12.4M | $5.6M | 125x | as long as short |
| KuCoin CRVUSDTM | +0.0100% | 8h | 0.3572 | −0.056% | $6.8M | $8.5M | 50x | as long as short |
| Bitget CRVUSDTlong | +0.0100% | 8h | 0.3574 | long leg | $6.7M | $5.3M | 75x | |
| BingX CRV-USDT | +0.0100% | 8h | 0.3568 | −0.168% | — | $23.5M | — | as long as short |
| edgeX CRVUSDC | +0.0100% | 4h | 0.3560 | −0.380% | $37K | $175K | 20x | as long as short |
| GRVT CRV_USDT_Perp | +0.0100% | 8h | 0.3560 | −0.392% | $496K | $419K | 10x | as long as short |
| ApeX Omni CRVUSDT | +0.0100% | 1h | 0.3560 | −0.392% | $52K | $670K | 50x | as long as short |
| Orderly PERP_CRV_USDC | +0.0100% | 8h | 0.3570 | −0.112% | $24K | $928 | 10x | as long as short |
| SunX CRV-USDT | +0.0100% | 8h | 0.3649 | +2.098% | $1K | $1.3M | 20x | as long as short |
| Aevo CRV-PERP | +0.0104% | 1h | 0.3570 | −0.111% | $13K | $6K | 3x | as long as short |
| Extended CRV-USD | +0.0168% | 1h | 0.3569 | −0.143% | $251K | $510K | 25x | as long as short |
| BloFin CRV-USDT | +0.0220% | 8h | 0.3575 | +0.028% | $1.3M | $3.9M | 75x | as long as short |
| Coinbase International CRV-PERP-INTX | +0.0400% | 1h | 0.3576 | +0.056% | $359K | $4.3M | 50x | as long as short |
| GMX CRV/USD [ETH-USDC] | L +0.0414% / S −0.0177% | 1h | 0.3570 | −0.107% | $209K | — | 100x | as long as short |
| Kraken Futures PF_CRVUSDshort | +0.0743% | 1h | 0.3575 | +0.017% | $3.0M | $2.8M | 50x |
Pacifica CRV
Binance CRVUSDT
Bybit CRVUSDT
OKX CRV-USDT-SWAP
Gate CRV_USDT
MEXC CRV_USDT
KuCoin CRVUSDTM
BingX CRV-USDT
edgeX CRVUSDC
GRVT CRV_USDT_Perp
ApeX Omni CRVUSDT
Orderly PERP_CRV_USDC
SunX CRV-USDT
Aevo CRV-PERP
Extended CRV-USD
BloFin CRV-USDT
Coinbase International CRV-PERP-INTX
GMX CRV/USD [ETH-USDC]