Funding you earn now, next payment 03:00 UTC−0.0269%/8h= −29.4% APRnext payment −$0.34 per $10,000 · paid last 24h −0.037%
Price spread now: ApeX Omni against Kraken Futures−0.485%45s7-day average −0.071% · you buy dearer than you sell
Net, funding: paid 7d − costs−$85as 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−$740.741% of the position
Funding, last 7 days−0.112%−$11 on $10k
+Price spread, last 3 days (all we have)+0.386%+$39 · spread now −0.485%, 7d avg −0.071%
=Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and ApeX Omni is 0.415% cheaper against Kraken Futures than usual: you would sell low and buy high (−$41 if the spread goes back to its 7-day average of −0.071%). Swap the legs. The two prices were read 45 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 -0.112% in total (about -5.8% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.34 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 | 0.3684 | 0.0369 | pay 0.0046% / 1h | 51m 21s | $3.1M | $2.6M | 50x |
| Short | ApeX Omni CRVUSDT | 0.3666 | 0.0100 | get 0.0013% / 1h | 51m 21s | $53K | $687K | 50x |
Kraken Futures PF_CRVUSD
ApeX Omni CRVUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
ApeX Omni 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
- −$56.4
- Price spread: −0.485% → −0.071%
- −$41.45
- Slippage, 4 orders
- −$54.11
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Net
- −$171.96
- Costs to cover
- 0.741%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 2 min ago; ApeX Omni: live order book, 12 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 | 5.45 bp | 20.7 bp −$21 | 44.3 bp −$443 | doesn't fit | doesn't fit |
| Sell ApeX Omni live order book, 12 min ago | 8.20 bp | 15.8 bp −$16 | 98.6 bp −$986 | 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 | −0.0065% | 1h | 0.3661 | −0.624% | $26K | $168K | 10x | as long as short |
| Reya CRVRUSDPERP | −0.0048% | 1h | 0.3673 | −0.287% | $16 | — | 15x | as long as short |
| dYdX CRV-USD | 0.0000% | 1h | 0.3673 | −0.288% | $38K | $7K | 10x | as long as short |
| Deribit CRV_USDC-PERPETUAL | 0.0000% | 1h | 0.3676 | −0.214% | $56K | $49K | 25x | as long as short |
| Injective CRV/USDC PERP | +0.0033% | 1h | 0.3670 | −0.377% | $79 | $384K | 12x | as long as short |
| Orderly PERP_CRV_USDC | +0.0096% | 8h | 0.3675 | −0.241% | $24K | $902 | 10x | as long as short |
| Lighter CRV | +0.0096% | 1h | 0.3673 | −0.292% | $386K | $703K | 10x | as long as short |
| Hyperliquid CRV | +0.0100% | 1h | 0.3679 | −0.121% | $22.4M | $15.0M | 10x | as long as short |
| Aster CRVUSDT | +0.0100% | 8h | 0.3674 | −0.271% | $131K | $180K | 10x | as long as short |
| Pacifica CRV | +0.0100% | 1h | 0.3676 | −0.220% | $373K | $198K | 10x | as long as short |
Phoenix CRV
Reya CRVRUSDPERP
dYdX CRV-USD
Deribit CRV_USDC-PERPETUAL
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 | 0.3676 | −0.227% | $25.4M | $54.3M | 75x | as long as short |
| Bybit CRVUSDT | +0.0100% | 8h | 0.3674 | −0.268% | $27.9M | $17.5M | 75x | as long as short |
| OKX CRV-USDT-SWAP | +0.0100% | 8h | 0.3674 | −0.268% | $8.9M | $20.6M | 50x | as long as short |
| Gate CRV_USDT | +0.0100% | 8h | 0.3677 | −0.187% | $1.9M | $1.3M | 50x | as long as short |
| MEXC CRV_USDT | +0.0100% | 8h | 0.3674 | −0.268% | $14.8M | $5.3M | 125x | as long as short |
| KuCoin CRVUSDTM | +0.0100% | 8h | 0.3674 | −0.268% | $6.3M | $8.9M | 50x | as long as short |
| Bitget CRVUSDT | +0.0100% | 8h | 0.3680 | −0.105% | $6.9M | $5.2M | 75x | as long as short |
| BingX CRV-USDT | +0.0100% | 8h | 0.3674 | −0.268% | — | $23.6M | — | as long as short |
| Backpack CRV_USDC_PERP | +0.0100% | 1h | 0.3680 | −0.092% | $97K | $268K | 10x | as long as short |
| Variational Omni CRV | +0.0100% | 8h | 0.3686 | +0.055% | $1.1M | $101K | — | as long as short |
| edgeX CRVUSDC | +0.0100% | 4h | 0.3666 | −0.475% | $38K | $172K | 20x | as long as short |
| GRVT CRV_USDT_Perp | +0.0100% | 8h | 0.3670 | −0.377% | $517K | $429K | 10x | as long as short |
| ApeX Omni CRVUSDTshort | +0.0100% | 1h | 0.3666 | −0.485% | $53K | $687K | 50x | |
| SunX CRV-USDT | +0.0100% | 8h | 0.3725 | +1.116% | $1K | $1.3M | 20x | as long as short |
| Extended CRV-USD | +0.0104% | 1h | 0.3669 | −0.403% | $243K | $474K | 25x | as long as short |
| Aevo CRV-PERP | +0.0104% | 1h | 0.3676 | −0.204% | $13K | $6K | 3x | as long as short |
| Coinbase International CRV-PERP-INTX | +0.0344% | 1h | 0.3687 | +0.085% | $388K | $4.1M | 50x | as long as short |
| Kraken Futures PF_CRVUSDlong | +0.0369% | 1h | 0.3684 | long leg | $3.1M | $2.6M | 50x | |
| GMX CRV/USD [ETH-USDC] | L +0.0436% / S −0.0188% | 1h | 0.3675 | −0.248% | $222K | — | 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-USDT
Backpack CRV_USDC_PERP
Variational Omni CRV
edgeX CRVUSDC
GRVT CRV_USDT_Perp
SunX CRV-USDT
Extended CRV-USD
Aevo CRV-PERP
Coinbase International CRV-PERP-INTX
GMX CRV/USD [ETH-USDC]