Funding you earn now, next payment 22:00 UTC−0.0063%/8h= −6.9% APRpaid last 24h −0.049%
Price spread now: Binance against Kraken Futures−0.221%7-day average −0.121% · you buy dearer than you sell
Net, funding: paid 7d − costs−$83as in the Funding arb table
Net, price: spread back to 7d avg − costs−$78as in the Price arb table
costs, in and out, $10k−$680.676% of the position
Funding, last 7 days−0.152%−$15 on $10k
+Price spread, last 3 days (all we have)−0.149%−$15 · spread now −0.221%, 7d avg −0.121%
=Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Binance is 0.100% cheaper against Kraken Futures than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of −0.121%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_CRVUSD | 0.3653 | 0.0163 | pay 0.0020% / 1h | 23m 34s | $3.1M | $3.5M | 50x |
| Short | Binance CRVUSDT | 0.3645 | 0.0100 | get 0.0100% / 8h | 2h 23m | $25.5M | $58.3M | 75x |
Kraken Futures PF_CRVUSD
Binance CRVUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Kraken Futures. 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
- −$13.18
- Price spread: −0.221% → −0.121%
- −$10
- Slippage, 4 orders
- −$47.59
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$90.77
- Costs to cover
- 0.676%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 5 min ago; Binance: live order book, 4 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 Kraken Futures live order book, 5 min ago | 5.45 bp | 13.4 bp −$13 | 38.1 bp −$381 | doesn't fit | doesn't fit |
| Sell Binance live order book, 4 min ago | 1.37 bp | 11.2 bp −$11 | 19.8 bp −$198 | 95.5 bp −$9,554 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit CRV_USDC-PERPETUAL | −0.0846% | 1h | 0.3647 | −0.166% | $57K | $48K | 25x | as long as short |
| Injective CRV/USDC PERP | −0.0103% | 1h | 0.3630 | −0.632% | $78 | $265K | 12x | as long as short |
| Reya CRVRUSDPERP | −0.0049% | 1h | 0.3646 | −0.196% | $16 | — | 15x | as long as short |
| dYdX CRV-USD | 0.0000% | 1h | 0.3650 | −0.085% | $38K | $4K | 10x | as long as short |
| Phoenix CRV | 0.0000% | 1h | 0.3669 | +0.447% | $26K | $193K | 10x | as long as short |
| Orderly PERP_CRV_USDC | +0.0095% | 8h | 0.3648 | −0.139% | $24K | $701 | 10x | as long as short |
| Lighter CRV | +0.0096% | 1h | 0.3647 | −0.172% | $413K | $698K | 10x | as long as short |
| Aster CRVUSDT | +0.0100% | 8h | 0.3648 | −0.139% | $130K | $186K | 10x | as long as short |
| Pacifica CRV | +0.0100% | 1h | 0.3651 | −0.063% | $375K | $173K | 10x | as long as short |
| Binance CRVUSDTshort | +0.0100% | 8h | 0.3645 | −0.221% | $25.5M | $58.3M | 75x |
Deribit CRV_USDC-PERPETUAL
Injective CRV/USDC PERP
Reya CRVRUSDPERP
dYdX CRV-USD
Phoenix CRV
Orderly PERP_CRV_USDC
Lighter CRV
Aster CRVUSDT
Pacifica CRVShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit CRVUSDT | +0.0100% | 8h | 0.3645 | −0.221% | $27.7M | $17.3M | 75x | as long as short |
| OKX CRV-USDT-SWAP | +0.0100% | 8h | 0.3645 | −0.221% | $8.6M | $22.5M | 50x | as long as short |
| Gate CRV_USDT | +0.0100% | 8h | 0.3652 | −0.030% | $2.0M | $1.3M | 50x | as long as short |
| MEXC CRV_USDT | +0.0100% | 8h | 0.3647 | −0.166% | $14.6M | $5.7M | 125x | as long as short |
| KuCoin CRVUSDTM | +0.0100% | 8h | 0.3652 | −0.030% | $7.1M | $9.2M | 50x | as long as short |
| Bitget CRVUSDT | +0.0100% | 8h | 0.3649 | −0.112% | $6.9M | $5.8M | 75x | as long as short |
| BingX CRV-USDC | +0.0100% | 8h | 0.3648 | −0.139% | — | $1.7M | — | as long as short |
| Variational Omni CRV | +0.0100% | 8h | 0.3659 | +0.172% | $1.1M | $152K | — | as long as short |
| edgeX CRVUSDC | +0.0100% | 4h | 0.3660 | +0.180% | $38K | $172K | 20x | as long as short |
| GRVT CRV_USDT_Perp | +0.0100% | 8h | 0.3662 | +0.257% | $516K | $462K | 10x | as long as short |
| ApeX Omni CRVUSDT | +0.0100% | 1h | 0.3657 | +0.107% | $60K | $693K | 50x | as long as short |
| SunX CRV-USDT | +0.0100% | 8h | 0.3691 | +1.038% | $2K | $1.3M | 20x | as long as short |
| Extended CRV-USD | +0.0104% | 1h | 0.3645 | −0.234% | $242K | $885K | 25x | as long as short |
| Aevo CRV-PERP | +0.0104% | 1h | 0.3649 | −0.098% | $19K | $9K | 3x | as long as short |
| Kraken Futures PF_CRVUSDlong | +0.0163% | 1h | 0.3653 | long leg | $3.1M | $3.5M | 50x | |
| BloFin CRV-USDT | +0.0220% | 8h | 0.3654 | +0.025% | $1.4M | $4.8M | 75x | as long as short |
| Hyperliquid CRV | +0.0317% | 1h | 0.3653 | 0.000% | $22.5M | $17.0M | 10x | as long as short |
| Coinbase International CRV-PERP-INTX | +0.0384% | 1h | 0.3667 | +0.381% | $391K | $4.9M | 50x | as long as short |
| GMX CRV/USD [ETH-USDC] | L +0.0401% / S −0.0160% | 1h | 0.3649 | −0.107% | $217K | — | 100x | as long as short |
| Backpack CRV_USDC_PERP | +0.0502% | 1h | 0.3653 | −0.013% | $105K | $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
GMX CRV/USD [ETH-USDC]
Backpack CRV_USDC_PERP