Funding you earn now, next payment 00:00 UTC+0.0300%/8h= +32.9% APRnext payment +$0.38 per $10,000 · paid last 24h +0.054%
Price spread now: Kraken Futures against Injective+1.430%7-day average +0.299% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.161%+$16 on $10k
+Price spread, last 3 days (all we have)−0.986%−$99 · spread now +1.430%, 7d avg +0.299%
=Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and Kraken Futures is 1.131% dearer against Injective than usual: you sell high and buy low: +$113 more if the spread goes back to its 7-day average of +0.299%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.161% in total (about 8.4% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.38 per $10,000. 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 | Injective CRV/USDC PERP | 0.3670 | −0.0146 | get 0.0018% / 1h | 48m 24s | $79 | $384K | 12x |
| Short | Kraken Futures PF_CRVUSD | 0.3722 | 0.0154 | get 0.0019% / 1h | 48m 24s | $3.2M | $2.9M | 50x |
Injective CRV/USDC PERP
Kraken Futures PF_CRVUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Injective. 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
- $63.03
- Price spread: +1.430% → +0.299%
- $113.09
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $166.1
- Costs to cover
- 0.100%
- Break-even
- from the start
Slippage unknown: Injective: 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 Injective no order-book sample | — | — | — | — | — |
| Sell Kraken Futures live order book, 5 min ago | 6.75 bp | 15.8 bp −$16 | 40.4 bp −$404 | doesn't fit | doesn't fit |
Injective: 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 | −0.0288% | 1h | 0.3718 | +1.308% | $58K | $49K | 25x | as long as short |
| Injective CRV/USDC PERPlong | −0.0146% | 1h | 0.3670 | long leg | $79 | $384K | 12x | |
| Phoenix CRV | −0.0108% | 1h | 0.3716 | +1.259% | $26K | $176K | 10x | as long as short |
| Reya CRVRUSDPERP | −0.0049% | 1h | 0.3720 | +1.349% | $16 | — | 15x | as long as short |
| dYdX CRV-USD | 0.0000% | 1h | 0.3722 | +1.410% | $38K | $5K | 10x | as long as short |
| Orderly PERP_CRV_USDC | +0.0096% | 8h | 0.3719 | +1.335% | $25K | $929 | 10x | as long as short |
| Lighter CRV | +0.0096% | 1h | 0.3722 | +1.422% | $421K | $719K | 10x | as long as short |
| Aster CRVUSDT | +0.0100% | 8h | 0.3722 | +1.412% | $133K | $186K | 10x | as long as short |
| Pacifica CRV | +0.0100% | 1h | 0.3723 | +1.434% | $379K | $203K | 10x | as long as short |
| Binance CRVUSDT | +0.0100% | 8h | 0.3718 | +1.308% | $26.2M | $56.4M | 75x | as long as short |
Deribit CRV_USDC-PERPETUAL
Phoenix CRV
Reya CRVRUSDPERP
dYdX CRV-USD
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 | 0.3719 | +1.335% | $28.5M | $17.1M | 75x | as long as short |
| OKX CRV-USDT-SWAP | +0.0100% | 8h | 0.3718 | +1.308% | $8.9M | $21.8M | 50x | as long as short |
| Gate CRV_USDT | +0.0100% | 8h | 0.3722 | +1.417% | $2.0M | $1.3M | 50x | as long as short |
| MEXC CRV_USDT | +0.0100% | 8h | 0.3719 | +1.335% | $14.7M | $5.2M | 125x | as long as short |
| KuCoin CRVUSDTM | +0.0100% | 8h | 0.3723 | +1.444% | $7.6M | $9.1M | 50x | as long as short |
| Bitget CRVUSDT | +0.0100% | 8h | 0.3720 | +1.362% | $7.0M | $5.7M | 75x | as long as short |
| BingX CRV-USDC | +0.0100% | 8h | 0.3720 | +1.362% | — | $1.7M | — | as long as short |
| Variational Omni CRV | +0.0100% | 8h | 0.3701 | +0.846% | $1.1M | $124K | — | as long as short |
| edgeX CRVUSDC | +0.0100% | 4h | 0.3700 | +0.806% | $38K | $173K | 20x | as long as short |
| GRVT CRV_USDT_Perp | +0.0100% | 8h | 0.3700 | +0.818% | $523K | $428K | 10x | as long as short |
| ApeX Omni CRVUSDT | +0.0100% | 1h | 0.3703 | +0.899% | $61K | $697K | 50x | as long as short |
| SunX CRV-USDT | +0.0100% | 8h | 0.3732 | +1.689% | $1K | $1.3M | 20x | as long as short |
| Extended CRV-USD | +0.0104% | 1h | 0.3716 | +1.262% | $248K | $883K | 25x | as long as short |
| Aevo CRV-PERP | +0.0104% | 1h | 0.3719 | +1.328% | $19K | $9K | 3x | as long as short |
| Kraken Futures PF_CRVUSDshort | +0.0154% | 1h | 0.3722 | +1.430% | $3.2M | $2.9M | 50x | |
| BloFin CRV-USDT | +0.0220% | 8h | 0.3722 | +1.417% | $1.4M | $4.3M | 75x | as long as short |
| Hyperliquid CRV | +0.0349% | 1h | 0.3726 | +1.515% | $23.2M | $16.4M | 10x | as long as short |
| Coinbase International CRV-PERP-INTX | +0.0384% | 1h | 0.3723 | +1.444% | $397K | $4.7M | 50x | as long as short |
| GMX CRV/USD [ETH-USDC] | L +0.0454% / S −0.0193% | 1h | 0.3720 | +1.359% | $241K | — | 100x | as long as short |
| Backpack CRV_USDC_PERP | +0.0700% | 1h | 0.3721 | +1.379% | $109K | $313K | 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
GMX CRV/USD [ETH-USDC]
Backpack CRV_USDC_PERP