Funding you earn now, next payment 01:00 UTC+0.0012%/8h= +1.3% APRpaid last 24h −0.039%
Price spread now: Bybit against Kraken Futures−0.071%55s7-day average −0.149% · you buy dearer than you sell
Net, funding: paid 7d − costs−$97as 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−$790.795% of the position
Funding, last 7 days−0.174%−$17 on $10k
+Price spread, last 3 days (all we have)−0.164%−$16 · spread now −0.071%, 7d avg −0.149%
=Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and Bybit is 0.078% dearer against Kraken Futures than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of −0.149%. Mind the row above: over the last 7 days funding on this pair cost −0.174%, so the current rate has only just turned in your favour. The two prices were read 55 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_CRVUSD | 0.3651 | 0.0088 | pay 0.0011% / 1h | 51m 28s | $3.1M | $2.9M | 50x |
| Short | Bybit CRVUSDT | 0.3648 | 0.0100 | get 0.0100% / 8h | 7h 51m | $27.7M | $17.4M | 75x |
Kraken Futures PF_CRVUSD
Bybit CRVUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- $2.43
- Price spread: −0.071% → −0.149%
- $7.81
- Slippage, 4 orders
- −$58.47
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$69.23
- Costs to cover
- 0.795%
- Break-even
- 206.5 days
Slippage from Kraken Futures: live order book, 2 min ago; Bybit: live order book, 2 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 | 4.09 bp | 28.7 bp −$29 | 64.3 bp −$643 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 2 min ago | 1.37 bp | 12.9 bp −$13 | 30.0 bp −$300 | 214.8 bp −$21.5K | 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 | |
|---|---|---|---|---|---|---|---|---|
| ApeX Omni CRVUSDT | −0.0403% | 1h | 0.3659 | +0.230% | $60K | $695K | 50x | as long as short |
| Deribit CRV_USDC-PERPETUAL | −0.0297% | 1h | 0.3651 | +0.011% | $56K | $50K | 25x | as long as short |
| Phoenix CRV | −0.0087% | 1h | 0.3676 | +0.688% | $26K | $168K | 10x | as long as short |
| Reya CRVRUSDPERP | −0.0048% | 1h | 0.3647 | −0.086% | $16 | — | 15x | as long as short |
| dYdX CRV-USD | 0.0000% | 1h | 0.3655 | +0.132% | $38K | $5K | 10x | as long as short |
| Injective CRV/USDC PERP | +0.0033% | 1h | 0.3670 | +0.532% | $79 | $384K | 12x | as long as short |
| Gate CRV_USDT | +0.0059% | 8h | 0.3650 | −0.016% | $1.9M | $1.3M | 50x | as long as short |
| Kraken Futures PF_CRVUSDlong | +0.0088% | 1h | 0.3651 | long leg | $3.1M | $2.9M | 50x | |
| Lighter CRV | +0.0096% | 1h | 0.3655 | +0.115% | $409K | $725K | 10x | as long as short |
| Orderly PERP_CRV_USDC | +0.0096% | 8h | 0.3648 | −0.071% | $24K | $929 | 10x | as long as short |
ApeX Omni CRVUSDT
Deribit CRV_USDC-PERPETUAL
Phoenix CRV
Reya CRVRUSDPERP
dYdX CRV-USD
Injective CRV/USDC PERP
Gate CRV_USDT
Lighter CRV
Orderly PERP_CRV_USDCShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster CRVUSDT | +0.0100% | 8h | 0.3654 | +0.098% | $130K | $182K | 10x | as long as short |
| Pacifica CRV | +0.0100% | 1h | 0.3654 | +0.083% | $369K | $208K | 10x | as long as short |
| Binance CRVUSDT | +0.0100% | 8h | 0.3648 | −0.071% | $25.5M | $56.3M | 75x | as long as short |
| Bybit CRVUSDTshort | +0.0100% | 8h | 0.3648 | −0.071% | $27.7M | $17.4M | 75x | |
| OKX CRV-USDT-SWAP | +0.0100% | 8h | 0.3646 | −0.126% | $8.8M | $21.4M | 50x | as long as short |
| MEXC CRV_USDT | +0.0100% | 8h | 0.3648 | −0.071% | $15.0M | $5.2M | 125x | as long as short |
| KuCoin CRVUSDTM | +0.0100% | 8h | 0.3655 | +0.121% | $6.9M | $9.2M | 50x | as long as short |
| Bitget CRVUSDT | +0.0100% | 8h | 0.3650 | −0.016% | $6.9M | $5.6M | 75x | as long as short |
| BingX CRV-USDC | +0.0100% | 8h | 0.3649 | −0.044% | — | $1.7M | — | as long as short |
| Variational Omni CRV | +0.0100% | 8h | 0.3647 | −0.100% | $1.1M | $111K | — | as long as short |
| edgeX CRVUSDC | +0.0100% | 4h | 0.3661 | +0.282% | $38K | $173K | 20x | as long as short |
| GRVT CRV_USDT_Perp | +0.0100% | 8h | 0.3662 | +0.304% | $512K | $405K | 10x | as long as short |
| SunX CRV-USDT | +0.0100% | 8h | 0.3679 | +0.778% | $2K | $1.3M | 20x | as long as short |
| Extended CRV-USD | +0.0104% | 1h | 0.3651 | +0.018% | $243K | $892K | 25x | as long as short |
| Aevo CRV-PERP | +0.0104% | 1h | 0.3650 | −0.028% | $13K | $6K | 3x | as long as short |
| BloFin CRV-USDT | +0.0220% | 8h | 0.3663 | +0.340% | $1.4M | $4.4M | 75x | as long as short |
| Hyperliquid CRV | +0.0260% | 1h | 0.3655 | +0.124% | $22.7M | $16.4M | 10x | as long as short |
| Coinbase International CRV-PERP-INTX | +0.0384% | 1h | 0.3651 | +0.011% | $380K | $4.6M | 50x | as long as short |
| GMX CRV/USD [ETH-USDC] | L +0.0445% / S −0.0193% | 1h | 0.3649 | −0.035% | $231K | — | 100x | as long as short |
| Backpack CRV_USDC_PERP | +0.0705% | 1h | 0.3649 | −0.038% | $104K | $280K | 10x | as long as short |
Aster CRVUSDT
Pacifica CRV
Binance CRVUSDT
OKX CRV-USDT-SWAP
MEXC CRV_USDT
KuCoin CRVUSDTM
Bitget CRVUSDT
BingX CRV-USDC
Variational Omni CRV
edgeX CRVUSDC
GRVT CRV_USDT_Perp
SunX CRV-USDT
Extended CRV-USD
Aevo CRV-PERP
BloFin CRV-USDT
Hyperliquid CRV
Coinbase International CRV-PERP-INTX
GMX CRV/USD [ETH-USDC]
Backpack CRV_USDC_PERP