Funding you earn now, next payment 09:00 UTC+0.0566%/8h= +61.9% APRpaid last 24h +0.070%
Price spread now: Kraken Futures against OKX+0.077%7-day average +0.130% · you sell dearer than you buy
Net, funding: paid 7d − costs−$36as in the Funding arb table
Net, price: spread back to 7d avg − costs−$65as in the Price arb table
costs, in and out, $10k−$590.592% of the position
Funding, last 7 days+0.232%+$23 on $10k
+Price spread, last 4 days (all we have)+0.475%+$48 · spread now +0.077%, 7d avg +0.130%
=Funding pays, the price is against you. Kraken Futures is 0.053% cheaper against OKX than usual: you would sell low and buy high (spread +0.077% now, against its 7-day average of +0.130%). If the spread goes back, that is −$5 on $10k: about 7 hours of funding at the current rate (+$17 a day). At the pace of the last 7 days (+0.232% in total) that is about 38 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.232% in total (about 12.1% 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 | OKX CRV-USDT-SWAP | 0.3587 | 0.0100 | pay 0.0100% / 8h | 7h 47m | $8.7M | $20.6M | 50x |
| Short | Kraken Futures PF_CRVUSD | 0.3590 | 0.0666 | get 0.0083% / 1h | 47m 52s | $3.0M | $2.8M | 50x |
OKX CRV-USDT-SWAP
Kraken Futures PF_CRVUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against OKX. 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
- $118.79
- Price spread: +0.077% → +0.130%
- −$5.29
- Slippage, 4 orders
- −$39.25
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $54.25
- Costs to cover
- 0.592%
- Break-even
- 3.8 days
Slippage from OKX: live order book, 1 min ago; Kraken Futures: live order book, 1 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 OKX live order book, 1 min ago | 1.39 bp | 14.3 bp −$14 | 34.1 bp −$341 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 1 min ago | 5.57 bp | 20.9 bp −$21 | 40.3 bp −$403 | 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 | 0.3586 | −0.030% | $15 | — | 15x | as long as short |
| Phoenix CRV | −0.0022% | 1h | 0.3581 | −0.167% | $26K | $190K | 10x | as long as short |
| Variational Omni CRV | −0.0002% | 8h | 0.3576 | −0.309% | $1.1M | $94K | — | as long as short |
| dYdX CRV-USD | 0.0000% | 1h | 0.3582 | −0.143% | $37K | $8K | 10x | as long as short |
| Deribit CRV_USDC-PERPETUAL | +0.0029% | 1h | 0.3587 | 0.000% | $54K | $46K | 25x | as long as short |
| Injective CRV/USDC PERP | +0.0033% | 1h | 0.3670 | +2.314% | $79 | $384K | 12x | as long as short |
| Bybit CRVUSDT | +0.0071% | 8h | 0.3584 | −0.084% | $27.0M | $19.7M | 75x | as long as short |
| Lighter CRV | +0.0096% | 1h | 0.3587 | −0.006% | $377K | $680K | 10x | as long as short |
| Hyperliquid CRV | +0.0100% | 1h | 0.3591 | +0.112% | $21.0M | $16.7M | 10x | as long as short |
| Aster CRVUSDT | +0.0100% | 8h | 0.3586 | −0.028% | $115K | $193K | 10x | as long as short |
Reya CRVRUSDPERP
Phoenix CRV
Variational Omni CRV
dYdX CRV-USD
Deribit CRV_USDC-PERPETUAL
Injective CRV/USDC PERP
Bybit CRVUSDT
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 | 0.3583 | −0.115% | $362K | $200K | 10x | as long as short |
| Binance CRVUSDT | +0.0100% | 8h | 0.3586 | −0.018% | $24.7M | $57.6M | 75x | as long as short |
| OKX CRV-USDT-SWAPlong | +0.0100% | 8h | 0.3587 | long leg | $8.7M | $20.6M | 50x | |
| Gate CRV_USDT | +0.0100% | 8h | 0.3585 | −0.056% | $1.8M | $1.2M | 50x | as long as short |
| MEXC CRV_USDT | +0.0100% | 8h | 0.3585 | −0.056% | $12.5M | $5.6M | 125x | as long as short |
| KuCoin CRVUSDTM | +0.0100% | 8h | 0.3588 | +0.028% | $6.8M | $8.5M | 50x | as long as short |
| Bitget CRVUSDT | +0.0100% | 8h | 0.3586 | −0.028% | $6.7M | $5.4M | 75x | as long as short |
| BingX CRV-USDC | +0.0100% | 8h | 0.3587 | 0.000% | — | $1.6M | — | as long as short |
| Backpack CRV_USDC_PERP | +0.0100% | 1h | 0.3589 | +0.056% | $94K | $256K | 10x | as long as short |
| edgeX CRVUSDC | +0.0100% | 4h | 0.3580 | −0.182% | $37K | $174K | 20x | as long as short |
| GRVT CRV_USDT_Perp | +0.0100% | 8h | 0.3587 | −0.007% | $510K | $419K | 10x | as long as short |
| ApeX Omni CRVUSDT | +0.0100% | 1h | 0.3580 | −0.195% | $52K | $667K | 50x | as long as short |
| Orderly PERP_CRV_USDC | +0.0100% | 8h | 0.3587 | 0.000% | $24K | $928 | 10x | as long as short |
| SunX CRV-USDT | +0.0100% | 8h | 0.3663 | +2.119% | $2K | $1.3M | 20x | as long as short |
| Extended CRV-USD | +0.0104% | 1h | 0.3587 | +0.003% | $251K | $512K | 25x | as long as short |
| Aevo CRV-PERP | +0.0104% | 1h | 0.3586 | −0.016% | $13K | $6K | 3x | as long as short |
| BloFin CRV-USDT | +0.0220% | 8h | 0.3584 | −0.084% | $1.3M | $3.9M | 75x | as long as short |
| Coinbase International CRV-PERP-INTX | +0.0408% | 1h | 0.3593 | +0.167% | $361K | $4.4M | 50x | as long as short |
| GMX CRV/USD [ETH-USDC] | L +0.0415% / S −0.0177% | 1h | 0.3587 | −0.003% | $210K | — | 100x | as long as short |
| Kraken Futures PF_CRVUSDshort | +0.0666% | 1h | 0.3590 | +0.077% | $3.0M | $2.8M | 50x |
Pacifica CRV
Binance CRVUSDT
Gate CRV_USDT
MEXC CRV_USDT
KuCoin CRVUSDTM
Bitget CRVUSDT
BingX CRV-USDC
Backpack CRV_USDC_PERP
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]