CRV

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0489%/8h= −53.5% APRnext payment −$0.61 per $10,000 · paid last 24h −0.063%

Price spread now: GMX against Kraken Futures−0.104%7-day average −0.056% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Kraken Futures Short on GMX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.011%+$1 on $10k

Price spread, last 4 days (all we have)−0.009%−$1 · spread now −0.104%, 7d avg −0.056%

Together, before fees+0.002%$0 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$15 a day on $10k at the current rate, and GMX is 0.048% cheaper against Kraken Futures than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.056%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.011% in total (about 1.2% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.61 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	0.3589	0.0666	pay 0.0083% / 1h	44m 47s	$3.0M	$2.8M	50x
Short	GMX CRV/USD [ETH-USDC]	0.3586	L +0.0415% / S −0.0177%	get 0.0022% / 1h	44m 47s	$210K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX 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 it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee Kraken FuturesbpFee GMXbpOrdersPrice spread, now −0.104%Rate

Funding earned: −$102.66
Price spread: −0.104% → −0.056%: −$4.75
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee GMX: 6 bp × 2 orders: −$12
Net: −$129.41
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: Kraken Futures: live order book, 4 min ago; GMX: no order-book sample. 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 Kraken Futures live order book, 4 min ago	5.57 bp	10.6 bp −$11	33.1 bp −$331	doesn't fit	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

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
Reya CRVRUSDPERP	−0.0048%	1h	0.3585	−0.124%	$15	—	15x	as long as short
Deribit CRV_USDC-PERPETUAL	−0.0029%	1h	0.3585	−0.123%	$54K	$46K	25x	as long as short
Phoenix CRV	−0.0022%	1h	0.3581	−0.234%	$26K	$190K	10x	as long as short
Variational Omni CRV	−0.0005%	8h	0.3584	−0.153%	$1.1M	$94K	—	as long as short
dYdX CRV-USD	0.0000%	1h	0.3587	−0.061%	$37K	$8K	10x	as long as short
Injective CRV/USDC PERP	+0.0033%	1h	0.3670	+2.246%	$79	$384K	12x	as long as short
Lighter CRV	+0.0096%	1h	0.3585	−0.114%	$376K	$681K	10x	as long as short
Hyperliquid CRV	+0.0100%	1h	0.3590	+0.017%	$21.1M	$16.8M	10x	as long as short
Aster CRVUSDT	+0.0100%	8h	0.3588	−0.052%	$115K	$193K	10x	as long as short
Pacifica CRV	+0.0100%	1h	0.3585	−0.120%	$362K	$200K	10x	as long as short

Show all 30 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance CRVUSDT	+0.0100%	8h	0.3586	−0.095%	$24.7M	$57.6M	75x	as long as short
Bybit CRVUSDT	+0.0100%	8h	0.3583	−0.178%	$27.0M	$19.7M	75x	as long as short
OKX CRV-USDT-SWAP	+0.0100%	8h	0.3585	−0.123%	$8.7M	$20.6M	50x	as long as short
Gate CRV_USDT	+0.0100%	8h	0.3587	−0.067%	$1.9M	$1.2M	50x	as long as short
MEXC CRV_USDT	+0.0100%	8h	0.3585	−0.123%	$12.5M	$5.6M	125x	as long as short
KuCoin CRVUSDTM	+0.0100%	8h	0.3589	−0.011%	$6.8M	$8.5M	50x	as long as short
Bitget CRVUSDT	+0.0100%	8h	0.3587	−0.067%	$6.7M	$5.4M	75x	as long as short
BingX CRV-USDC	+0.0100%	8h	0.3584	−0.150%	—	$1.6M	—	as long as short
Backpack CRV_USDC_PERP	+0.0100%	1h	0.3588	−0.047%	$93K	$256K	10x	as long as short
edgeX CRVUSDC	+0.0100%	4h	0.3582	−0.220%	$37K	$175K	20x	as long as short
GRVT CRV_USDT_Perp	+0.0100%	8h	0.3588	−0.043%	$511K	$419K	10x	as long as short
ApeX Omni CRVUSDT	+0.0100%	1h	0.3586	−0.095%	$53K	$664K	50x	as long as short
Orderly PERP_CRV_USDC	+0.0100%	8h	0.3586	−0.095%	$24K	$928	10x	as long as short
SunX CRV-USDT	+0.0100%	8h	0.3666	+2.134%	$2K	$1.3M	20x	as long as short
Extended CRV-USD	+0.0104%	1h	0.3584	−0.163%	$253K	$508K	25x	as long as short
Aevo CRV-PERP	+0.0104%	1h	0.3586	−0.095%	$13K	$6K	3x	as long as short
BloFin CRV-USDT	+0.0220%	8h	0.3589	−0.011%	$1.3M	$3.9M	75x	as long as short
Coinbase International CRV-PERP-INTX	+0.0408%	1h	0.3590	+0.017%	$360K	$4.4M	50x	as long as short
GMX CRV/USD [ETH-USDC]short	L +0.0415% / S −0.0177%	1h	0.3586	−0.104%	$210K	—	100x
Kraken Futures PF_CRVUSDlong	+0.0666%	1h	0.3589	long leg	$3.0M	$2.8M	50x