Funding you earn now, next payment 23:00 UTC+0.0069%/8h= +7.6% APRnext payment +$0.09 per $10,000 · paid last 24h −0.048%
Price spread now: Lighter against Kraken Futures−0.253%7-day average −0.078% · you buy dearer than you sell
Net, funding: paid 7d − costs−$65as in the Funding arb table
Net, price: spread back to 7d avg − costs−$63as in the Price arb table
costs, in and out, $10k−$460.456% of the position
Funding, last 7 days−0.195%−$19 on $10k
+Price spread, last 3 days (all we have)+0.093%+$9 · spread now −0.253%, 7d avg −0.078%
=Together, before fees−0.102%+ Points / potential airdropLighter: Season 3 · farm board−$10 on $10k · with fees, hour by hour
Funding pays, the price is against you. Lighter is 0.175% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.253% now, against its 7-day average of −0.078%). If the spread goes back, that is −$17 on $10k: about 8.4 days of funding at the current rate (+$2 a day). Mind the row above: over the last 7 days funding on this pair cost −0.195%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_CRVUSD | 0.3677 | 0.0027 | pay 0.0003% / 1h | 26m 26s | $3.1M | $3.1M | 50x |
| Short | Lighter CRV | 0.3668 | 0.0096 | get 0.0012% / 1h | 26m 26s | $414K | $705K | 10x |
Kraken Futures PF_CRVUSD
Lighter CRVFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter 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
- $14.49
- Price spread: −0.253% → −0.078%
- −$17.49
- Slippage, 4 orders
- −$35.55
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$48.55
- Costs to cover
- 0.456%
- Break-even
- 30.5 days
Slippage from Kraken Futures: live order book, 2 min ago; Lighter: live order book, 53 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 | 5.43 bp | 16.6 bp −$17 | 32.5 bp −$325 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 53 min ago | 3.30 bp | 8.6 bp −$9 | 46.4 bp −$464 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit CRV_USDC-PERPETUAL | −0.0295% | 1h | 0.3671 | −0.174% | $57K | $48K | 25x | as long as short |
| Injective CRV/USDC PERP | −0.0228% | 1h | 0.3670 | −0.201% | $79 | $384K | 12x | as long as short |
| Phoenix CRV | −0.0176% | 1h | 0.3662 | −0.424% | $26K | $181K | 10x | as long as short |
| Reya CRVRUSDPERP | −0.0049% | 1h | 0.3667 | −0.295% | $16 | — | 15x | as long as short |
| dYdX CRV-USD | 0.0000% | 1h | 0.3669 | −0.232% | $38K | $4K | 10x | as long as short |
| Kraken Futures PF_CRVUSDlong | +0.0027% | 1h | 0.3677 | long leg | $3.1M | $3.1M | 50x | |
| Orderly PERP_CRV_USDC | +0.0095% | 8h | 0.3668 | −0.255% | $24K | $929 | 10x | as long as short |
| Lighter CRVshort | +0.0096% | 1h | 0.3668 | −0.253% | $414K | $705K | 10x | |
| Aster CRVUSDT | +0.0100% | 8h | 0.3669 | −0.233% | $131K | $186K | 10x | as long as short |
| Pacifica CRV | +0.0100% | 1h | 0.3671 | −0.172% | $379K | $189K | 10x | as long as short |
Deribit CRV_USDC-PERPETUAL
Injective CRV/USDC PERP
Phoenix CRV
Reya CRVRUSDPERP
dYdX CRV-USD
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 | 0.3668 | −0.255% | $25.8M | $56.9M | 75x | as long as short |
| Bybit CRVUSDT | +0.0100% | 8h | 0.3667 | −0.283% | $27.9M | $17.0M | 75x | as long as short |
| OKX CRV-USDT-SWAP | +0.0100% | 8h | 0.3665 | −0.337% | $8.7M | $22.0M | 50x | as long as short |
| Gate CRV_USDT | +0.0100% | 8h | 0.3669 | −0.228% | $2.0M | $1.3M | 50x | as long as short |
| MEXC CRV_USDT | +0.0100% | 8h | 0.3666 | −0.310% | $14.5M | $5.5M | 125x | as long as short |
| KuCoin CRVUSDTM | +0.0100% | 8h | 0.3671 | −0.174% | $7.2M | $9.1M | 50x | as long as short |
| Bitget CRVUSDT | +0.0100% | 8h | 0.3669 | −0.228% | $6.9M | $5.6M | 75x | as long as short |
| BingX CRV-USDC | +0.0100% | 8h | 0.3666 | −0.310% | — | $1.7M | — | as long as short |
| Variational Omni CRV | +0.0100% | 8h | 0.3668 | −0.254% | $1.1M | $138K | — | as long as short |
| edgeX CRVUSDC | +0.0100% | 4h | 0.3667 | −0.271% | $38K | $171K | 20x | as long as short |
| GRVT CRV_USDT_Perp | +0.0100% | 8h | 0.3673 | −0.121% | $512K | $437K | 10x | as long as short |
| ApeX Omni CRVUSDT | +0.0100% | 1h | 0.3669 | −0.228% | $60K | $693K | 50x | as long as short |
| SunX CRV-USDT | +0.0100% | 8h | 0.3698 | +0.560% | $2K | $1.3M | 20x | as long as short |
| Extended CRV-USD | +0.0104% | 1h | 0.3665 | −0.348% | $243K | $881K | 25x | as long as short |
| Aevo CRV-PERP | +0.0104% | 1h | 0.3673 | −0.119% | $19K | $9K | 3x | as long as short |
| BloFin CRV-USDT | +0.0220% | 8h | 0.3668 | −0.255% | $1.4M | $4.3M | 75x | as long as short |
| Coinbase International CRV-PERP-INTX | +0.0376% | 1h | 0.3679 | +0.044% | $387K | $4.7M | 50x | as long as short |
| Hyperliquid CRV | +0.0385% | 1h | 0.3674 | −0.098% | $22.8M | $16.7M | 10x | as long as short |
| GMX CRV/USD [ETH-USDC] | L +0.0403% / S −0.0160% | 1h | 0.3669 | −0.221% | $218K | — | 100x | as long as short |
| Backpack CRV_USDC_PERP | +0.0429% | 1h | 0.3677 | −0.003% | $107K | $362K | 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-USDC
Variational Omni CRV
edgeX CRVUSDC
GRVT CRV_USDT_Perp
ApeX Omni CRVUSDT
SunX CRV-USDT
Extended CRV-USD
Aevo CRV-PERP
BloFin CRV-USDT
Coinbase International CRV-PERP-INTX
Hyperliquid CRV
GMX CRV/USD [ETH-USDC]
Backpack CRV_USDC_PERP