Funding you earn now, next payment 07:00 UTC−0.0527%/8h= −57.7% APRnext payment −$0.66 per $10,000 · paid last 24h −0.078%
Price spread now: Injective against Kraken Futures+2.732%7-day average −0.187% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.233%−$23 on $10k
+Price spread, last 4 days (all we have)−3.292%−$329 · spread now +2.732%, 7d avg −0.187%
=The price spread pays, funding is against you. Injective is 2.919% dearer against Kraken Futures than usual: you sell high and buy low (spread +2.732% now, against its 7-day average of −0.187%): +$292 on $10k if it goes back. Holding the pair costs −$16 a day in funding at the current rate, which eats that in about 18 days. At the pace of the last 7 days (−0.233% in total) that is about 3 months.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.233% in total (about -12.2% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.66 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 | 0.3572 | 0.0560 | pay 0.0070% / 1h | 33m 24s | $3.0M | $2.7M | 50x |
| Short | Injective CRV/USDC PERP | 0.3670 | 0.0033 | get 0.0004% / 1h | 33m 24s | $79 | $384K | 12x |
Kraken Futures PF_CRVUSD
Injective CRV/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective 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
- −$110.7
- Price spread: +2.732% → −0.187%
- $291.9
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- $171.18
- Costs to cover
- 0.100%
- Break-even
- from the start
Slippage unknown: Kraken Futures: live order book, 5 min ago; Injective: 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, 5 min ago | 5.60 bp | 19.5 bp −$19 | 45.1 bp −$451 | doesn't fit | doesn't fit |
| Sell Injective no order-book sample | — | — | — | — | — |
Injective: 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 | 0.3567 | −0.139% | $15 | — | 15x | as long as short |
| Phoenix CRV | −0.0045% | 1h | 0.3572 | −0.014% | $25K | $187K | 10x | as long as short |
| Backpack CRV_USDC_PERP | −0.0041% | 1h | 0.3563 | −0.263% | $95K | $215K | 10x | as long as short |
| Deribit CRV_USDC-PERPETUAL | −0.0030% | 1h | 0.3568 | −0.124% | $54K | $45K | 25x | as long as short |
| dYdX CRV-USD | 0.0000% | 1h | 0.3564 | −0.230% | $37K | $8K | 10x | as long as short |
| Injective CRV/USDC PERPshort | +0.0033% | 1h | 0.3670 | +2.732% | $79 | $384K | 12x | |
| Variational Omni CRV | +0.0052% | 8h | 0.3560 | −0.351% | $1.1M | $94K | — | as long as short |
| Lighter CRV | +0.0096% | 1h | 0.3565 | −0.196% | $376K | $714K | 10x | as long as short |
| Hyperliquid CRV | +0.0100% | 1h | 0.3570 | −0.076% | $20.8M | $16.6M | 10x | as long as short |
| Aster CRVUSDT | +0.0100% | 8h | 0.3569 | −0.089% | $114K | $195K | 10x | as long as short |
Reya CRVRUSDPERP
Phoenix CRV
Backpack CRV_USDC_PERP
Deribit CRV_USDC-PERPETUAL
dYdX CRV-USD
Variational Omni CRV
Lighter CRV
Hyperliquid CRV
Aster CRVUSDTShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica CRV | +0.0100% | 1h | 0.3565 | −0.218% | $362K | $198K | 10x | as long as short |
| Binance CRVUSDT | +0.0100% | 8h | 0.3569 | −0.107% | $24.7M | $57.4M | 75x | as long as short |
| Bybit CRVUSDT | +0.0100% | 8h | 0.3564 | −0.235% | $26.9M | $19.7M | 75x | as long as short |
| OKX CRV-USDT-SWAP | +0.0100% | 8h | 0.3569 | −0.096% | $8.7M | $20.5M | 50x | as long as short |
| Gate CRV_USDT | +0.0100% | 8h | 0.3567 | −0.152% | $1.8M | $1.3M | 50x | as long as short |
| MEXC CRV_USDT | +0.0100% | 8h | 0.3569 | −0.096% | $12.5M | $5.7M | 125x | as long as short |
| KuCoin CRVUSDTM | +0.0100% | 8h | 0.3568 | −0.124% | $5.9M | $8.2M | 50x | as long as short |
| Bitget CRVUSDT | +0.0100% | 8h | 0.3570 | −0.068% | $6.7M | $5.4M | 75x | as long as short |
| BingX CRV-USDC | +0.0100% | 8h | 0.3568 | −0.124% | — | $1.6M | — | as long as short |
| edgeX CRVUSDC | +0.0100% | 4h | 0.3570 | −0.074% | $37K | $174K | 20x | as long as short |
| GRVT CRV_USDT_Perp | +0.0100% | 8h | 0.3576 | +0.100% | $506K | $435K | 10x | as long as short |
| ApeX Omni CRVUSDT | +0.0100% | 1h | 0.3571 | −0.040% | $53K | $681K | 50x | as long as short |
| Orderly PERP_CRV_USDC | +0.0100% | 8h | 0.3568 | −0.124% | $24K | $928 | 10x | as long as short |
| SunX CRV-USDT | +0.0100% | 8h | 0.3641 | +1.920% | $1K | $1.3M | 20x | as long as short |
| Extended CRV-USD | +0.0104% | 1h | 0.3567 | −0.161% | $253K | $510K | 25x | as long as short |
| Aevo CRV-PERP | +0.0104% | 1h | 0.3568 | −0.113% | $13K | $6K | 3x | as long as short |
| BloFin CRV-USDT | +0.0220% | 8h | 0.3568 | −0.124% | $1.3M | $3.9M | 75x | as long as short |
| Coinbase International CRV-PERP-INTX | +0.0384% | 1h | 0.3571 | −0.040% | $349K | $4.4M | 50x | as long as short |
| GMX CRV/USD [ETH-USDC] | L +0.0414% / S −0.0177% | 1h | 0.3567 | −0.161% | $208K | — | 100x | as long as short |
| Kraken Futures PF_CRVUSDlong | +0.0560% | 1h | 0.3572 | long leg | $3.0M | $2.7M | 50x |
Pacifica CRV
Binance CRVUSDT
Bybit CRVUSDT
OKX CRV-USDT-SWAP
Gate CRV_USDT
MEXC CRV_USDT
KuCoin CRVUSDTM
Bitget CRVUSDT
BingX CRV-USDC
edgeX CRVUSDC
GRVT CRV_USDT_Perp
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]