Funding you earn now, next payment 22:00 UTC−0.0237%/8h= −25.9% APRnext payment −$0.30 per $10,000 · paid last 24h −0.060%
Price spread now: Kraken Futures against GMX+0.094%7-day average +0.050% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)−0.337%−$34 on $10k
+Price spread, last 3 days (all we have)+0.054%+$5 · spread now +0.094%, 7d avg +0.050%
=The price spread pays, funding is against you. Kraken Futures is 0.044% dearer against GMX than usual: you sell high and buy low (spread +0.094% now, against its 7-day average of +0.050%): +$4 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 15 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GMX CRV/USD [ETH-USDC] | 0.3637 | L +0.0400% / S −0.0160% | pay 0.0050% / 1h | 14m 12s | $216K | — | 100x |
| Short | Kraken Futures PF_CRVUSD | 0.3640 | 0.0163 | get 0.0020% / 1h | 14m 12s | $3.1M | $3.5M | 50x |
GMX CRV/USD [ETH-USDC]
Kraken Futures PF_CRVUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against GMX. 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
- −$49.76
- Price spread: +0.094% → +0.050%
- $4.41
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$67.35
- Costs to cover
- 0.220%
- Break-even
- never at this rate
Slippage unknown: GMX: no order-book sample; Kraken Futures: live order book, 5 min ago. Net counts fees only.
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 GMX no order-book sample | — | — | — | — | — |
| Sell Kraken Futures live order book, 5 min ago | 5.49 bp | 22.4 bp −$22 | 44.5 bp −$445 | doesn't fit | doesn't fit |
GMX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | −0.0849% | 1h | 0.3635 | −0.056% | $57K | $48K | 25x | as long as short |
| Injective CRV/USDC PERP | −0.0103% | 1h | 0.3630 | −0.194% | $78 | $265K | 12x | as long as short |
| Reya CRVRUSDPERP | −0.0049% | 1h | 0.3634 | −0.089% | $16 | — | 15x | as long as short |
| dYdX CRV-USD | 0.0000% | 1h | 0.3638 | +0.036% | $37K | $4K | 10x | as long as short |
| Phoenix CRV | 0.0000% | 1h | 0.3637 | −0.007% | $26K | $193K | 10x | as long as short |
| Orderly PERP_CRV_USDC | +0.0095% | 8h | 0.3637 | −0.001% | $24K | $701 | 10x | as long as short |
| Lighter CRV | +0.0096% | 1h | 0.3635 | −0.059% | $413K | $702K | 10x | as long as short |
| Aster CRVUSDT | +0.0100% | 8h | 0.3638 | +0.017% | $130K | $186K | 10x | as long as short |
| Pacifica CRV | +0.0100% | 1h | 0.3640 | +0.087% | $374K | $173K | 10x | as long as short |
| Binance CRVUSDT | +0.0100% | 8h | 0.3633 | −0.110% | $25.4M | $58.2M | 75x | as long as short |
Deribit CRV_USDC-PERPETUAL
Injective CRV/USDC PERP
Reya CRVRUSDPERP
dYdX CRV-USD
Phoenix CRV
Orderly PERP_CRV_USDC
Lighter CRV
Aster CRVUSDT
Pacifica CRV
Binance CRVUSDTShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit CRVUSDT | +0.0100% | 8h | 0.3636 | −0.029% | $27.7M | $17.3M | 75x | as long as short |
| OKX CRV-USDT-SWAP | +0.0100% | 8h | 0.3632 | −0.139% | $8.6M | $22.5M | 50x | as long as short |
| Gate CRV_USDT | +0.0100% | 8h | 0.3638 | +0.026% | $2.0M | $1.3M | 50x | as long as short |
| MEXC CRV_USDT | +0.0100% | 8h | 0.3634 | −0.084% | $14.5M | $5.7M | 125x | as long as short |
| KuCoin CRVUSDTM | +0.0100% | 8h | 0.3639 | +0.054% | $7.0M | $9.2M | 50x | as long as short |
| Bitget CRVUSDT | +0.0100% | 8h | 0.3638 | +0.026% | $6.9M | $5.8M | 75x | as long as short |
| BingX CRV-USDC | +0.0100% | 8h | 0.3635 | −0.056% | — | $1.7M | — | as long as short |
| Variational Omni CRV | +0.0100% | 8h | 0.3627 | −0.281% | $1.1M | $152K | — | as long as short |
| edgeX CRVUSDC | +0.0100% | 4h | 0.3633 | −0.099% | $38K | $173K | 20x | as long as short |
| GRVT CRV_USDT_Perp | +0.0100% | 8h | 0.3639 | +0.047% | $507K | $462K | 10x | as long as short |
| ApeX Omni CRVUSDT | +0.0100% | 1h | 0.3636 | −0.029% | $60K | $692K | 50x | as long as short |
| SunX CRV-USDT | +0.0100% | 8h | 0.3683 | +1.264% | $2K | $1.3M | 20x | as long as short |
| Extended CRV-USD | +0.0104% | 1h | 0.3633 | −0.098% | $241K | $886K | 25x | as long as short |
| Aevo CRV-PERP | +0.0104% | 1h | 0.3634 | −0.070% | $19K | $9K | 3x | as long as short |
| Kraken Futures PF_CRVUSDshort | +0.0163% | 1h | 0.3640 | +0.094% | $3.1M | $3.5M | 50x | |
| BloFin CRV-USDT | +0.0220% | 8h | 0.3635 | −0.056% | $1.4M | $4.8M | 75x | as long as short |
| Hyperliquid CRV | +0.0292% | 1h | 0.3641 | +0.123% | $22.3M | $17.1M | 10x | as long as short |
| Coinbase International CRV-PERP-INTX | +0.0384% | 1h | 0.3633 | −0.111% | $386K | $4.8M | 50x | as long as short |
| GMX CRV/USD [ETH-USDC]long | L +0.0400% / S −0.0160% | 1h | 0.3637 | long leg | $216K | — | 100x | |
| Backpack CRV_USDC_PERP | +0.0453% | 1h | 0.3637 | −0.007% | $104K | $362K | 10x | as long as short |
Bybit 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
Coinbase International CRV-PERP-INTX
Backpack CRV_USDC_PERP