Funding you earn now, next payment 09:00 UTC+0.0175%/8h= +19.2% APRnext payment +$0.22 per $10,000 · paid last 24h +0.021%
Price spread now: Kraken Futures against Coinbase International+0.198%7-day average −0.004% · you sell dearer than you buy
Net, funding: paid 7d − costs−$42as in the Funding arb table
Net, price: spread back to 7d avg − costs−$40as in the Price arb table
costs, in and out, $10k−$600.600% of the position
Funding, last 7 days+0.179%+$18 on $10k
+Price spread, last 4 days (all we have)+0.099%+$10 · spread now +0.198%, 7d avg −0.004%
=Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Kraken Futures is 0.202% dearer against Coinbase International than usual: you sell high and buy low: +$20 more if the spread goes back to its 7-day average of −0.004%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International CRV-PERP-INTX | 0.3567 | 0.0432 | pay 0.0054% / 1h | 20m 42s | $360K | $4.1M | 50x |
| Short | Kraken Futures PF_CRVUSD | 0.3574 | 0.0607 | get 0.0076% / 1h | 20m 42s | $3.0M | $2.4M | 50x |
Coinbase International CRV-PERP-INTX
Kraken Futures PF_CRVUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Coinbase International. 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
- $36.81
- Price spread: +0.198% → −0.004%
- $20.22
- Slippage, 4 orders
- −$40
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$2.97
- Costs to cover
- 0.600%
- Break-even
- 7.6 days
Slippage from Coinbase International: live order book, 1 min ago; Kraken Futures: live order book, 1 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 Coinbase International live order book, 1 min ago | 6.99 bp | 17.0 bp −$17 | 21.7 bp −$217 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 1 min ago | 8.39 bp | 16.1 bp −$16 | 37.0 bp −$370 | doesn't fit | doesn't fit |
CRV on 30 exchanges
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 | −0.0095% | 1h | 0.3572 | +0.143% | $91K | $248K | 10x | as long as short |
| Variational Omni CRV | −0.0084% | 8h | 0.3567 | −0.006% | $1.1M | $98K | — | as long as short |
| Reya CRVRUSDPERP | −0.0048% | 1h | 0.3571 | +0.106% | $15 | — | 15x | as long as short |
| Phoenix CRV | −0.0044% | 1h | 0.3563 | −0.109% | $25K | $176K | 10x | as long as short |
| dYdX CRV-USD | 0.0000% | 1h | 0.3573 | +0.162% | $40K | $14K | 10x | as long as short |
| Deribit CRV_USDC-PERPETUAL | 0.0000% | 1h | 0.3569 | +0.056% | $53K | $43K | 25x | as long as short |
| Injective CRV/USDC PERP | +0.0033% | 1h | 0.3670 | +2.888% | $79 | $384K | 12x | as long as short |
| Lighter CRV | +0.0096% | 1h | 0.3569 | +0.056% | $379K | $615K | 10x | as long as short |
| Aster CRVUSDT | +0.0100% | 8h | 0.3570 | +0.084% | $139K | $194K | 10x | as long as short |
| Pacifica CRV | +0.0100% | 1h | 0.3573 | +0.168% | $361K | $194K | 10x | as long as short |
Backpack CRV_USDC_PERP
Variational Omni CRV
Reya CRVRUSDPERP
Phoenix CRV
dYdX CRV-USD
Deribit CRV_USDC-PERPETUAL
Injective CRV/USDC PERP
Lighter CRV
Aster CRVUSDT
Pacifica CRVShow all 30 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance CRVUSDT | +0.0100% | 8h | 0.3569 | +0.056% | $24.7M | $54.7M | 75x | as long as short |
| Bybit CRVUSDT | +0.0100% | 8h | 0.3567 | 0.000% | $26.7M | $18.8M | 75x | as long as short |
| OKX CRV-USDT-SWAP | +0.0100% | 8h | 0.3566 | −0.028% | $8.6M | $19.4M | 50x | as long as short |
| Gate CRV_USDT | +0.0100% | 8h | 0.3570 | +0.084% | $1.9M | $1.0M | 50x | as long as short |
| MEXC CRV_USDT | +0.0100% | 8h | 0.3569 | +0.056% | $12.3M | $5.4M | 125x | as long as short |
| KuCoin CRVUSDTM | +0.0100% | 8h | 0.3571 | +0.112% | $6.6M | $8.3M | 50x | as long as short |
| Bitget CRVUSDT | +0.0100% | 8h | 0.3570 | +0.084% | $6.7M | $4.5M | 75x | as long as short |
| BingX CRV-USDC | +0.0100% | 8h | 0.3568 | +0.028% | — | $1.6M | — | as long as short |
| edgeX CRVUSDC | +0.0100% | 4h | 0.3563 | −0.107% | $37K | $174K | 20x | as long as short |
| GRVT CRV_USDT_Perp | +0.0100% | 8h | 0.3562 | −0.135% | $506K | $390K | 10x | as long as short |
| ApeX Omni CRVUSDT | +0.0100% | 1h | 0.3564 | −0.084% | $51K | $655K | 50x | as long as short |
| Orderly PERP_CRV_USDC | +0.0100% | 8h | 0.3570 | +0.084% | $24K | $850 | 10x | as long as short |
| SunX CRV-USDT | +0.0100% | 8h | 0.3644 | +2.159% | $2K | $1.2M | 20x | as long as short |
| Aevo CRV-PERP | +0.0104% | 1h | 0.3569 | +0.056% | $13K | $6K | 3x | as long as short |
| Extended CRV-USD | +0.0168% | 1h | 0.3568 | +0.040% | $253K | $523K | 25x | as long as short |
| BloFin CRV-USDT | +0.0220% | 8h | 0.3572 | +0.140% | $1.3M | $3.7M | 75x | as long as short |
| GMX CRV/USD [ETH-USDC] | L +0.0415% / S −0.0178% | 1h | 0.3570 | +0.077% | $210K | — | 100x | as long as short |
| Coinbase International CRV-PERP-INTXlong | +0.0432% | 1h | 0.3567 | long leg | $360K | $4.1M | 50x | |
| Hyperliquid CRV | +0.0440% | 1h | 0.3574 | +0.207% | $21.2M | $16.4M | 10x | as long as short |
| Kraken Futures PF_CRVUSDshort | +0.0607% | 1h | 0.3574 | +0.198% | $3.0M | $2.4M | 50x |
Binance CRVUSDT
Bybit CRVUSDT
OKX CRV-USDT-SWAP
Gate CRV_USDT
MEXC CRV_USDT
KuCoin CRVUSDTM
Bitget CRVUSDT
BingX CRV-USDC
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
GMX CRV/USD [ETH-USDC]
Hyperliquid CRV