Funding you earn now, next payment 05:00 UTC+0.0623%/8h= +68.2% APRpaid last 24h +0.038%
Price spread now: Kraken Futures against Bybit+0.020%7-day average +0.148% · you sell dearer than you buy
Net, funding: paid 7d − costs−$37as in the Funding arb table
Net, price: spread back to 7d avg − costs−$70as in the Price arb table
costs, in and out, $10k−$570.570% of the position
Funding, last 7 days+0.199%+$20 on $10k
+Price spread, last 4 days (all we have)+0.365%+$37 · spread now +0.020%, 7d avg +0.148%
=Funding pays, the price is against you. Kraken Futures is 0.128% cheaper against Bybit than usual: you would sell low and buy high (spread +0.020% now, against its 7-day average of +0.148%). If the spread goes back, that is −$13 on $10k: about 16 hours of funding at the current rate (+$19 a day). At the pace of the last 7 days (+0.199% in total) that is about 4.5 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.199% in total (about 10.4% 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 CRVUSDT | 0.3641 | 0.0100 | pay 0.0100% / 8h | 3h 53m | $27.6M | $17.7M | 75x |
| Short | Kraken Futures PF_CRVUSD | 0.3642 | 0.0723 | get 0.0090% / 1h | 53m 55s | $3.1M | $2.6M | 50x |
Bybit CRVUSDT
Kraken Futures PF_CRVUSDFunding 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
- $130.74
- Price spread: +0.020% → +0.148%
- −$12.83
- Slippage, 4 orders
- −$35.98
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $60.93
- Costs to cover
- 0.570%
- Break-even
- 3.7 days
Slippage from Bybit: live order book, 5 min ago; Kraken Futures: live order book, 5 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 | 1.38 bp | 14.3 bp −$14 | 34.0 bp −$340 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 5 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 | |
|---|---|---|---|---|---|---|---|---|
| Reya CRVRUSDPERP | −0.0048% | 1h | 0.3638 | −0.085% | $16 | — | 15x | as long as short |
| dYdX CRV-USD | 0.0000% | 1h | 0.3643 | +0.051% | $38K | $8K | 10x | as long as short |
| Phoenix CRV | 0.0000% | 1h | 0.3629 | −0.327% | $26K | $176K | 10x | as long as short |
| Deribit CRV_USDC-PERPETUAL | 0.0000% | 1h | 0.3637 | −0.110% | $55K | $47K | 25x | as long as short |
| Injective CRV/USDC PERP | +0.0033% | 1h | 0.3670 | +0.796% | $79 | $384K | 12x | as long as short |
| Backpack CRV_USDC_PERP | +0.0082% | 1h | 0.3641 | −0.011% | $102K | $256K | 10x | as long as short |
| Lighter CRV | +0.0096% | 1h | 0.3638 | −0.088% | $384K | $698K | 10x | as long as short |
| Orderly PERP_CRV_USDC | +0.0100% | 8h | 0.3638 | −0.082% | $24K | $902 | 10x | as long as short |
| Aster CRVUSDT | +0.0100% | 8h | 0.3640 | −0.016% | $130K | $180K | 10x | as long as short |
| Pacifica CRV | +0.0100% | 1h | 0.3643 | +0.068% | $370K | $198K | 10x | as long as short |
Reya CRVRUSDPERP
dYdX CRV-USD
Phoenix CRV
Deribit CRV_USDC-PERPETUAL
Injective CRV/USDC PERP
Backpack 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 | 0.3642 | +0.032% | $25.0M | $54.4M | 75x | as long as short |
| Bybit CRVUSDTlong | +0.0100% | 8h | 0.3641 | long leg | $27.6M | $17.7M | 75x | |
| OKX CRV-USDT-SWAP | +0.0100% | 8h | 0.3641 | 0.000% | $8.8M | $20.4M | 50x | as long as short |
| Gate CRV_USDT | +0.0100% | 8h | 0.3642 | +0.027% | $1.9M | $1.3M | 50x | as long as short |
| MEXC CRV_USDT | +0.0100% | 8h | 0.3640 | −0.027% | $13.5M | $5.6M | 125x | as long as short |
| KuCoin CRVUSDTM | +0.0100% | 8h | 0.3641 | 0.000% | $6.1M | $8.6M | 50x | as long as short |
| Bitget CRVUSDT | +0.0100% | 8h | 0.3640 | −0.027% | $6.8M | $5.1M | 75x | as long as short |
| BingX CRV-USDC | +0.0100% | 8h | 0.3642 | +0.027% | — | $1.6M | — | as long as short |
| Variational Omni CRV | +0.0100% | 8h | 0.3629 | −0.333% | $1.1M | $101K | — | as long as short |
| edgeX CRVUSDC | +0.0100% | 4h | 0.3625 | −0.430% | $37K | $173K | 20x | as long as short |
| GRVT CRV_USDT_Perp | +0.0100% | 8h | 0.3629 | −0.322% | $513K | $451K | 10x | as long as short |
| ApeX Omni CRVUSDT | +0.0100% | 1h | 0.3626 | −0.412% | $52K | $685K | 50x | as long as short |
| SunX CRV-USDT | +0.0100% | 8h | 0.3702 | +1.675% | $2K | $1.3M | 20x | as long as short |
| Extended CRV-USD | +0.0104% | 1h | 0.3639 | −0.042% | $258K | $492K | 25x | as long as short |
| Aevo CRV-PERP | +0.0104% | 1h | 0.3635 | −0.177% | $13K | $6K | 3x | as long as short |
| BloFin CRV-USDT | +0.0220% | 8h | 0.3637 | −0.110% | $1.4M | $4.1M | 75x | as long as short |
| Hyperliquid CRV | +0.0356% | 1h | 0.3644 | +0.077% | $22.0M | $14.9M | 10x | as long as short |
| GMX CRV/USD [ETH-USDC] | L +0.0418% / S −0.0177% | 1h | 0.3638 | −0.079% | $213K | — | 100x | as long as short |
| Coinbase International CRV-PERP-INTX | +0.0432% | 1h | 0.3640 | −0.027% | $382K | $4.0M | 50x | as long as short |
| Kraken Futures PF_CRVUSDshort | +0.0723% | 1h | 0.3642 | +0.020% | $3.1M | $2.6M | 50x |
Binance CRVUSDT
OKX CRV-USDT-SWAP
Gate CRV_USDT
MEXC CRV_USDT
KuCoin CRVUSDTM
Bitget CRVUSDT
BingX CRV-USDC
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