Funding you earn now, next payment 01:00 UTC−0.0086%/8h= −9.4% APRnext payment −$0.11 per $10,000 · paid last 24h +0.095%
Price spread now: Kraken Futures against Coinbase International+0.099%7-day average +0.011% · you sell dearer than you buy
Net, funding: paid 7d − costs−$61as in the Funding arb table
Net, price: spread back to 7d avg − costs−$65as in the Price arb table
costs, in and out, $10k−$740.739% of the position
Funding, last 7 days+0.130%+$13 on $10k
+Price spread, last 3 days (all we have)+0.015%+$2 · spread now +0.099%, 7d avg +0.011%
=The price spread pays, funding is against you. Kraken Futures is 0.088% dearer against Coinbase International than usual: you sell high and buy low (spread +0.099% now, against its 7-day average of +0.011%): +$9 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 3.4 days. Mind the row above: over the last 7 days funding on this pair paid +0.130%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International CRV-PERP-INTX | 0.3642 | 0.0376 | pay 0.0047% / 1h | 17m 40s | $386K | $4.2M | 50x |
| Short | Kraken Futures PF_CRVUSD | 0.3646 | 0.0290 | get 0.0036% / 1h | 17m 40s | $3.1M | $2.7M | 50x |
Coinbase International CRV-PERP-INTX
Kraken Futures PF_CRVUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Coinbase International. 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
- −$18.03
- Price spread: +0.099% → +0.011%
- $8.78
- Slippage, 4 orders
- −$53.92
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$83.17
- Costs to cover
- 0.739%
- Break-even
- never at this rate
Slippage from Coinbase International: 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 Coinbase International live order book, 1 min ago | 8.24 bp | 15.7 bp −$16 | 21.6 bp −$216 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 1 min ago | 5.49 bp | 25.2 bp −$25 | 46.3 bp −$463 | doesn't fit | doesn't fit |
CRV on 29 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 | |
|---|---|---|---|---|---|---|---|---|
| Phoenix CRV | −0.0066% | 1h | 0.3644 | +0.069% | $26K | $162K | 10x | as long as short |
| Reya CRVRUSDPERP | −0.0048% | 1h | 0.3639 | −0.073% | $16 | — | 15x | as long as short |
| Deribit CRV_USDC-PERPETUAL | −0.0024% | 1h | 0.3642 | 0.000% | $56K | $50K | 25x | as long as short |
| dYdX CRV-USD | 0.0000% | 1h | 0.3634 | −0.231% | $37K | $6K | 10x | as long as short |
| Injective CRV/USDC PERP | +0.0033% | 1h | 0.3670 | +0.769% | $79 | $384K | 12x | as long as short |
| Orderly PERP_CRV_USDC | +0.0095% | 8h | 0.3642 | 0.000% | $24K | $979 | 10x | as long as short |
| Lighter CRV | +0.0096% | 1h | 0.3634 | −0.206% | $382K | $715K | 10x | as long as short |
| Hyperliquid CRV | +0.0100% | 1h | 0.3640 | −0.055% | $22.2M | $15.3M | 10x | as long as short |
| Aster CRVUSDT | +0.0100% | 8h | 0.3637 | −0.144% | $129K | $182K | 10x | as long as short |
| Pacifica CRV | +0.0100% | 1h | 0.3636 | −0.176% | $367K | $196K | 10x | as long as short |
Phoenix CRV
Reya CRVRUSDPERP
Deribit CRV_USDC-PERPETUAL
dYdX CRV-USD
Injective CRV/USDC PERP
Orderly PERP_CRV_USDC
Lighter CRV
Hyperliquid CRV
Aster CRVUSDT
Pacifica CRVShow all 29 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance CRVUSDT | +0.0100% | 8h | 0.3634 | −0.214% | $25.1M | $55.5M | 75x | as long as short |
| Bybit CRVUSDT | +0.0100% | 8h | 0.3634 | −0.220% | $27.6M | $18.0M | 75x | as long as short |
| OKX CRV-USDT-SWAP | +0.0100% | 8h | 0.3633 | −0.247% | $8.7M | $20.9M | 50x | as long as short |
| Gate CRV_USDT | +0.0100% | 8h | 0.3633 | −0.247% | $1.9M | $1.3M | 50x | as long as short |
| MEXC CRV_USDT | +0.0100% | 8h | 0.3634 | −0.220% | $14.8M | $5.4M | 125x | as long as short |
| KuCoin CRVUSDTM | +0.0100% | 8h | 0.3634 | −0.220% | $6.3M | $9.0M | 50x | as long as short |
| Bitget CRVUSDT | +0.0100% | 8h | 0.3635 | −0.192% | $6.8M | $5.5M | 75x | as long as short |
| BingX CRV-USDC | +0.0100% | 8h | 0.3633 | −0.247% | — | $1.7M | — | as long as short |
| Backpack CRV_USDC_PERP | +0.0100% | 1h | 0.3644 | +0.044% | $97K | $300K | 10x | as long as short |
| Variational Omni CRV | +0.0100% | 8h | 0.3646 | +0.105% | $1.1M | $113K | — | as long as short |
| edgeX CRVUSDC | +0.0100% | 4h | 0.3646 | +0.104% | $38K | $172K | 20x | as long as short |
| GRVT CRV_USDT_Perp | +0.0100% | 8h | 0.3645 | +0.085% | $514K | $438K | 10x | as long as short |
| ApeX Omni CRVUSDT | +0.0100% | 1h | 0.3647 | +0.137% | $53K | $687K | 50x | as long as short |
| SunX CRV-USDT | +0.0100% | 8h | 0.3688 | +1.263% | $1K | $1.3M | 20x | as long as short |
| Extended CRV-USD | +0.0104% | 1h | 0.3632 | −0.287% | $237K | $478K | 25x | as long as short |
| Aevo CRV-PERP | +0.0104% | 1h | 0.3641 | −0.027% | $13K | $6K | 3x | as long as short |
| Kraken Futures PF_CRVUSDshort | +0.0290% | 1h | 0.3646 | +0.099% | $3.1M | $2.7M | 50x | |
| Coinbase International CRV-PERP-INTXlong | +0.0376% | 1h | 0.3642 | long leg | $386K | $4.2M | 50x | |
| GMX CRV/USD [ETH-USDC] | L +0.0457% / S −0.0204% | 1h | 0.3644 | +0.048% | $232K | — | 100x | 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
Backpack CRV_USDC_PERP
Variational Omni CRV
edgeX CRVUSDC
GRVT CRV_USDT_Perp
ApeX Omni CRVUSDT
SunX CRV-USDT
Extended CRV-USD
Aevo CRV-PERP
GMX CRV/USD [ETH-USDC]