Funding you earn now, next payment 09:00 UTC−0.0568%/8h= −62.2% APRpaid last 24h −0.070%
Price spread now: GRVT against Kraken Futures+0.203%75s7-day average −0.112% · you sell dearer than you buy
Net, funding: paid 7d − costs−$248as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$2332.328% of the position
Funding, last 7 days−0.153%−$15 on $10k
+Price spread, last 4 days (all we have)−0.199%−$20 · spread now +0.203%, 7d avg −0.112%
=Together, before fees−0.352%+ Points / potential airdropGRVT: Active · farm board−$35 on $10k · with fees, hour by hour
The price spread pays, funding is against you. GRVT is 0.314% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.203% now, against its 7-day average of −0.112%): +$31 on $10k if it goes back. Holding the pair costs −$17 a day in funding at the current rate, which eats that in about 44 hours. At the pace of the last 7 days (−0.153% in total) that is about 14 days. The two prices were read 75 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.153% in total (about -8.0% 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 | 0.3579 | 0.0668 | pay 0.0083% / 1h | 49m 39s | $3.0M | $2.8M | 50x |
| Short | GRVT CRV_USDT_Perp | 0.3587 | 0.0100 | get 0.0100% / 8h | 7h 49m | $510K | $419K | 10x |
Kraken Futures PF_CRVUSD
GRVT CRV_USDT_PerpFunding history
latest
Range statsloading…
Price spread between the two exchanges
GRVT 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
- −$119.2
- Price spread: +0.203% → −0.112%
- $31.45
- Slippage, 4 orders
- −$213.77
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Net
- −$320.52
- Costs to cover
- 2.328%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 4 min ago; GRVT: live order book, 48 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, 4 min ago | 4.18 bp | 11.9 bp −$12 | 33.2 bp −$332 | doesn't fit | doesn't fit |
| Sell GRVT live order book, 48 min ago | 14.06 bp | 56.0 bp −$56 | 252.0 bp −$2,520 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Reya CRVRUSDPERP | −0.0048% | 1h | 0.3575 | −0.127% | $15 | — | 15x | as long as short |
| Deribit CRV_USDC-PERPETUAL | −0.0030% | 1h | 0.3576 | −0.097% | $53K | $46K | 25x | as long as short |
| Phoenix CRV | −0.0022% | 1h | 0.3582 | +0.070% | $26K | $190K | 10x | as long as short |
| Variational Omni CRV | −0.0002% | 8h | 0.3576 | −0.100% | $1.1M | $94K | — | as long as short |
| dYdX CRV-USD | 0.0000% | 1h | 0.3582 | +0.067% | $37K | $8K | 10x | as long as short |
| Injective CRV/USDC PERP | +0.0033% | 1h | 0.3670 | +2.529% | $79 | $384K | 12x | as long as short |
| Bybit CRVUSDT | +0.0054% | 8h | 0.3578 | −0.041% | $26.9M | $19.7M | 75x | as long as short |
| Backpack CRV_USDC_PERP | +0.0086% | 1h | 0.3578 | −0.055% | $93K | $256K | 10x | as long as short |
| Lighter CRV | +0.0096% | 1h | 0.3581 | +0.042% | $376K | $680K | 10x | as long as short |
| Hyperliquid CRV | +0.0100% | 1h | 0.3585 | +0.154% | $21.0M | $16.7M | 10x | as long as short |
Reya CRVRUSDPERP
Deribit CRV_USDC-PERPETUAL
Phoenix CRV
Variational Omni CRV
dYdX CRV-USD
Injective CRV/USDC PERP
Bybit CRVUSDT
Backpack CRV_USDC_PERP
Lighter CRV
Hyperliquid CRVShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster CRVUSDT | +0.0100% | 8h | 0.3583 | +0.107% | $115K | $193K | 10x | as long as short |
| Pacifica CRV | +0.0100% | 1h | 0.3582 | +0.064% | $361K | $200K | 10x | as long as short |
| Binance CRVUSDT | +0.0100% | 8h | 0.3582 | +0.070% | $24.7M | $57.6M | 75x | as long as short |
| OKX CRV-USDT-SWAP | +0.0100% | 8h | 0.3583 | +0.098% | $8.7M | $20.6M | 50x | as long as short |
| Gate CRV_USDT | +0.0100% | 8h | 0.3580 | +0.015% | $1.8M | $1.2M | 50x | as long as short |
| MEXC CRV_USDT | +0.0100% | 8h | 0.3582 | +0.070% | $12.5M | $5.6M | 125x | as long as short |
| KuCoin CRVUSDTM | +0.0100% | 8h | 0.3583 | +0.098% | $6.8M | $8.5M | 50x | as long as short |
| Bitget CRVUSDT | +0.0100% | 8h | 0.3582 | +0.070% | $6.7M | $5.4M | 75x | as long as short |
| BingX CRV-USDT | +0.0100% | 8h | 0.3581 | +0.042% | — | $23.5M | — | as long as short |
| edgeX CRVUSDC | +0.0100% | 4h | 0.3580 | +0.028% | $37K | $174K | 20x | as long as short |
| GRVT CRV_USDT_Perpshort | +0.0100% | 8h | 0.3587 | +0.203% | $510K | $419K | 10x | |
| ApeX Omni CRVUSDT | +0.0100% | 1h | 0.3580 | +0.015% | $52K | $667K | 50x | as long as short |
| Orderly PERP_CRV_USDC | +0.0100% | 8h | 0.3577 | −0.069% | $24K | $928 | 10x | as long as short |
| SunX CRV-USDT | +0.0100% | 8h | 0.3662 | +2.305% | $2K | $1.3M | 20x | as long as short |
| Extended CRV-USD | +0.0104% | 1h | 0.3583 | +0.087% | $251K | $512K | 25x | as long as short |
| Aevo CRV-PERP | +0.0104% | 1h | 0.3576 | −0.091% | $13K | $6K | 3x | as long as short |
| BloFin CRV-USDT | +0.0220% | 8h | 0.3578 | −0.041% | $1.3M | $3.9M | 75x | as long as short |
| Coinbase International CRV-PERP-INTX | +0.0408% | 1h | 0.3582 | +0.070% | $359K | $4.4M | 50x | as long as short |
| GMX CRV/USD [ETH-USDC] | L +0.0414% / S −0.0177% | 1h | 0.3576 | −0.100% | $209K | — | 100x | as long as short |
| Kraken Futures PF_CRVUSDlong | +0.0668% | 1h | 0.3579 | long leg | $3.0M | $2.8M | 50x |
Aster CRVUSDT
Pacifica CRV
Binance CRVUSDT
OKX CRV-USDT-SWAP
Gate CRV_USDT
MEXC CRV_USDT
KuCoin CRVUSDTM
Bitget CRVUSDT
BingX CRV-USDT
edgeX CRVUSDC
ApeX Omni CRVUSDT
Orderly PERP_CRV_USDC
SunX CRV-USDT
Extended CRV-USD
Aevo CRV-PERP
BloFin CRV-USDT
Coinbase International CRV-PERP-INTX
GMX CRV/USD [ETH-USDC]