Funding you earn now, next payment 02:00 UTC−0.0190%/8h= −20.8% APRpaid last 24h −0.036%
Price spread now: BingX against Kraken Futures−0.184%7-day average −0.120% · you buy dearer than you sell
Net, funding: paid 7d − costs−$70as in the Funding arb table
Net, price: spread back to 7d avg − costs−$66as in the Price arb table
costs, in and out, $10k−$600.597% of the position
Funding, last 7 days−0.099%−$10 on $10k
+Price spread, last 3 days (all we have)+0.007%+$1 · spread now −0.184%, 7d avg −0.120%
=Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and BingX is 0.064% cheaper against Kraken Futures than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of −0.120%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.099% in total (about -5.2% 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 | Kraken Futures PF_CRVUSD | 0.3653 | 0.0290 | pay 0.0036% / 1h | 23m 16s | $3.1M | $2.7M | 50x |
| Short | BingX CRV-USDT | 0.3646 | 0.0100 | get 0.0100% / 8h | 6h 23m | — | $23.6M | — |
Kraken Futures PF_CRVUSD
BingX CRV-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX 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
- −$39.81
- Price spread: −0.184% → −0.120%
- −$6.37
- Slippage, 4 orders
- −$39.73
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$105.91
- Costs to cover
- 0.597%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 6 min ago; BingX: live order book, 10 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, 6 min ago | 5.51 bp | 17.6 bp −$18 | 33.0 bp −$330 | doesn't fit | doesn't fit |
| Sell BingX live order book, 10 min ago | 2.78 bp | 14.8 bp −$15 | 28.8 bp −$288 | 70.1 bp −$7,013 | 309.8 bp −$154.9K |
CRV on 29 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 | |
|---|---|---|---|---|---|---|---|---|
| Phoenix CRV | −0.0066% | 1h | 0.3630 | −0.622% | $26K | $162K | 10x | as long as short |
| Reya CRVRUSDPERP | −0.0048% | 1h | 0.3643 | −0.269% | $16 | — | 15x | as long as short |
| dYdX CRV-USD | 0.0000% | 1h | 0.3642 | −0.298% | $38K | $6K | 10x | as long as short |
| Deribit CRV_USDC-PERPETUAL | 0.0000% | 1h | 0.3650 | −0.075% | $56K | $50K | 25x | as long as short |
| Injective CRV/USDC PERP | +0.0033% | 1h | 0.3670 | +0.473% | $79 | $384K | 12x | as long as short |
| Orderly PERP_CRV_USDC | +0.0095% | 8h | 0.3648 | −0.129% | $24K | $979 | 10x | as long as short |
| Lighter CRV | +0.0096% | 1h | 0.3640 | −0.351% | $384K | $713K | 10x | as long as short |
| Hyperliquid CRV | +0.0100% | 1h | 0.3647 | −0.168% | $22.2M | $15.3M | 10x | as long as short |
| Aster CRVUSDT | +0.0100% | 8h | 0.3642 | −0.291% | $130K | $182K | 10x | as long as short |
| Pacifica CRV | +0.0100% | 1h | 0.3641 | −0.327% | $367K | $196K | 10x | as long as short |
Phoenix CRV
Reya CRVRUSDPERP
dYdX CRV-USD
Deribit CRV_USDC-PERPETUAL
Injective CRV/USDC PERP
Orderly PERP_CRV_USDC
Lighter CRV
Hyperliquid CRV
Aster CRVUSDT
Pacifica CRVShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance CRVUSDT | +0.0100% | 8h | 0.3647 | −0.165% | $25.2M | $55.6M | 75x | as long as short |
| Bybit CRVUSDT | +0.0100% | 8h | 0.3646 | −0.184% | $27.7M | $17.9M | 75x | as long as short |
| OKX CRV-USDT-SWAP | +0.0100% | 8h | 0.3649 | −0.102% | $8.8M | $21.1M | 50x | as long as short |
| Gate CRV_USDT | +0.0100% | 8h | 0.3641 | −0.321% | $1.9M | $1.3M | 50x | as long as short |
| MEXC CRV_USDT | +0.0100% | 8h | 0.3644 | −0.239% | $14.9M | $5.3M | 125x | as long as short |
| KuCoin CRVUSDTM | +0.0100% | 8h | 0.3641 | −0.321% | $6.3M | $9.1M | 50x | as long as short |
| Bitget CRVUSDT | +0.0100% | 8h | 0.3651 | −0.047% | $6.8M | $5.5M | 75x | as long as short |
| BingX CRV-USDTshort | +0.0100% | 8h | 0.3646 | −0.184% | — | $23.6M | — | |
| Backpack CRV_USDC_PERP | +0.0100% | 1h | 0.3633 | −0.532% | $97K | $300K | 10x | as long as short |
| Variational Omni CRV | +0.0100% | 8h | 0.3636 | −0.461% | $1.1M | $113K | — | as long as short |
| edgeX CRVUSDC | +0.0100% | 4h | 0.3629 | −0.653% | $37K | $172K | 20x | as long as short |
| GRVT CRV_USDT_Perp | +0.0100% | 8h | 0.3640 | −0.348% | $510K | $427K | 10x | as long as short |
| ApeX Omni CRVUSDT | +0.0100% | 1h | 0.3642 | −0.294% | $53K | $688K | 50x | as long as short |
| SunX CRV-USDT | +0.0100% | 8h | 0.3700 | +1.294% | $2K | $1.3M | 20x | as long as short |
| Extended CRV-USD | +0.0104% | 1h | 0.3648 | −0.142% | $237K | $483K | 25x | as long as short |
| Aevo CRV-PERP | +0.0104% | 1h | 0.3648 | −0.120% | $13K | $6K | 3x | as long as short |
| Kraken Futures PF_CRVUSDlong | +0.0290% | 1h | 0.3653 | long leg | $3.1M | $2.7M | 50x | |
| Coinbase International CRV-PERP-INTX | +0.0376% | 1h | 0.3653 | +0.008% | $382K | $4.2M | 50x | as long as short |
| GMX CRV/USD [ETH-USDC] | L +0.0456% / S −0.0203% | 1h | 0.3646 | −0.180% | $232K | — | 100x | as long as short |
Binance CRVUSDT
Bybit CRVUSDT
OKX CRV-USDT-SWAP
Gate CRV_USDT
MEXC CRV_USDT
KuCoin CRVUSDTM
Bitget CRVUSDT
Backpack CRV_USDC_PERP
Variational Omni CRV
edgeX CRVUSDC
GRVT CRV_USDT_Perp
ApeX Omni CRVUSDT
SunX CRV-USDT
Extended CRV-USD
Aevo CRV-PERP
Coinbase International CRV-PERP-INTX
GMX CRV/USD [ETH-USDC]