Funding you earn now, next payment 00:00 UTC+0.0296%/8h= +32.4% APRnext payment +$0.37 per $10,000 · paid last 24h −0.101%
Price spread now: Coinbase International against Kraken Futures−0.037%7-day average −0.013% · you buy dearer than you sell
Net, funding: paid 7d − costs−$91as in the Funding arb table
Net, price: spread back to 7d avg − costs−$81as in the Price arb table
costs, in and out, $10k−$780.783% of the position
Funding, last 7 days−0.122%−$12 on $10k
+Price spread, last 3 days (all we have)−0.118%−$12 · spread now −0.037%, 7d avg −0.013%
=Funding pays, the price is against you. Coinbase International is 0.024% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.037% now, against its 7-day average of −0.013%). If the spread goes back, that is −$2 on $10k: about 6 hours of funding at the current rate (+$9 a day). Mind the row above: over the last 7 days funding on this pair cost −0.122%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.122% in total (about -6.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.37 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 | Kraken Futures PF_CRVUSD | 0.3673 | 0.0088 | pay 0.0011% / 1h | 56m 49s | $3.1M | $2.9M | 50x |
| Short | Coinbase International CRV-PERP-INTX | 0.3672 | 0.0384 | get 0.0048% / 1h | 56m 49s | $383K | $4.7M | 50x |
Kraken Futures PF_CRVUSD
Coinbase International CRV-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International 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
- $62.18
- Price spread: −0.037% → −0.013%
- −$2.36
- Slippage, 4 orders
- −$58.35
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$18.52
- Costs to cover
- 0.783%
- Break-even
- 9.1 days
Slippage from Kraken Futures: live order book, 2 min ago; Coinbase International: live order book, 2 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, 2 min ago | 8.17 bp | 25.6 bp −$26 | 52.6 bp −$526 | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 2 min ago | 6.80 bp | 14.4 bp −$14 | 20.0 bp −$200 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Phoenix CRV | −0.0108% | 1h | 0.3678 | +0.121% | $26K | $168K | 10x | as long as short |
| Reya CRVRUSDPERP | −0.0049% | 1h | 0.3667 | −0.187% | $16 | — | 15x | as long as short |
| Deribit CRV_USDC-PERPETUAL | −0.0023% | 1h | 0.3668 | −0.146% | $56K | $50K | 25x | as long as short |
| dYdX CRV-USD | 0.0000% | 1h | 0.3670 | −0.078% | $38K | $5K | 10x | as long as short |
| Injective CRV/USDC PERP | +0.0033% | 1h | 0.3670 | −0.091% | $79 | $384K | 12x | as long as short |
| Kraken Futures PF_CRVUSDlong | +0.0088% | 1h | 0.3673 | long leg | $3.1M | $2.9M | 50x | |
| Lighter CRV | +0.0096% | 1h | 0.3668 | −0.140% | $415K | $713K | 10x | as long as short |
| Orderly PERP_CRV_USDC | +0.0096% | 8h | 0.3669 | −0.119% | $24K | $929 | 10x | as long as short |
| Aster CRVUSDT | +0.0100% | 8h | 0.3671 | −0.064% | $131K | $184K | 10x | as long as short |
| Pacifica CRV | +0.0100% | 1h | 0.3671 | −0.071% | $370K | $208K | 10x | as long as short |
Phoenix CRV
Reya CRVRUSDPERP
Deribit CRV_USDC-PERPETUAL
dYdX CRV-USD
Injective CRV/USDC PERP
Lighter CRV
Orderly PERP_CRV_USDC
Aster CRVUSDT
Pacifica CRVShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance CRVUSDT | +0.0100% | 8h | 0.3670 | −0.095% | $25.7M | $56.2M | 75x | as long as short |
| Bybit CRVUSDT | +0.0100% | 8h | 0.3670 | −0.091% | $27.9M | $17.3M | 75x | as long as short |
| OKX CRV-USDT-SWAP | +0.0100% | 8h | 0.3670 | −0.091% | $8.8M | $21.6M | 50x | as long as short |
| Gate CRV_USDT | +0.0100% | 8h | 0.3670 | −0.091% | $1.9M | $1.3M | 50x | as long as short |
| MEXC CRV_USDT | +0.0100% | 8h | 0.3669 | −0.119% | $14.5M | $5.1M | 125x | as long as short |
| KuCoin CRVUSDTM | +0.0100% | 8h | 0.3673 | −0.010% | $7.4M | $9.1M | 50x | as long as short |
| Bitget CRVUSDT | +0.0100% | 8h | 0.3674 | +0.017% | $7.0M | $5.6M | 75x | as long as short |
| BingX CRV-USDT | +0.0100% | 8h | 0.3671 | −0.064% | — | $23.6M | — | as long as short |
| Variational Omni CRV | +0.0100% | 8h | 0.3673 | −0.010% | $1.1M | $111K | — | as long as short |
| edgeX CRVUSDC | +0.0100% | 4h | 0.3674 | +0.017% | $38K | $172K | 20x | as long as short |
| GRVT CRV_USDT_Perp | +0.0100% | 8h | 0.3670 | −0.091% | $513K | $419K | 10x | as long as short |
| ApeX Omni CRVUSDT | +0.0100% | 1h | 0.3672 | −0.037% | $60K | $695K | 50x | as long as short |
| SunX CRV-USDT | +0.0100% | 8h | 0.3692 | +0.507% | $2K | $1.3M | 20x | as long as short |
| Extended CRV-USD | +0.0104% | 1h | 0.3670 | −0.097% | $244K | $883K | 25x | as long as short |
| Aevo CRV-PERP | +0.0104% | 1h | 0.3670 | −0.087% | $19K | — | 3x | as long as short |
| BloFin CRV-USDT | +0.0220% | 8h | 0.3663 | −0.282% | $1.4M | $4.4M | 75x | as long as short |
| Coinbase International CRV-PERP-INTXshort | +0.0384% | 1h | 0.3672 | −0.037% | $383K | $4.7M | 50x | |
| Hyperliquid CRV | +0.0403% | 1h | 0.3676 | +0.080% | $22.8M | $16.5M | 10x | as long as short |
| GMX CRV/USD [ETH-USDC] | L +0.0445% / S −0.0192% | 1h | 0.3669 | −0.130% | $232K | — | 100x | as long as short |
| Backpack CRV_USDC_PERP | +0.0777% | 1h | 0.3671 | −0.072% | $104K | $280K | 10x | as long as short |
Binance CRVUSDT
Bybit CRVUSDT
OKX CRV-USDT-SWAP
Gate CRV_USDT
MEXC CRV_USDT
KuCoin CRVUSDTM
Bitget CRVUSDT
BingX CRV-USDT
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
GMX CRV/USD [ETH-USDC]
Backpack CRV_USDC_PERP