Funding you earn now, next payment 10:00 UTC−0.0508%/8h= −55.7% APRpaid last 24h −0.080%
Price spread now: KuCoin against Kraken Futures−0.103%7-day average −0.054% · you buy dearer than you sell
Net, funding: paid 7d − costs−$150as in the Funding arb table
Net, price: spread back to 7d avg − costs−$133as in the Price arb table
costs, in and out, $10k−$1281.279% of the position
Funding, last 7 days−0.221%−$22 on $10k
+Price spread, last 4 days (all we have)−0.135%−$14 · spread now −0.103%, 7d avg −0.054%
=Both sides work against this trade now: funding costs −$15 a day on $10k at the current rate, and KuCoin is 0.049% cheaper against Kraken Futures than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.054%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.221% in total (about -11.5% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_CRVUSD | 0.3568 | 0.0608 | pay 0.0076% / 1h | 3m 43s | $3.0M | $2.3M | 50x |
| Short | KuCoin CRVUSDTM | 0.3564 | 0.0100 | get 0.0100% / 8h | 6h 03m | $6.5M | $8.3M | 50x |
Kraken Futures PF_CRVUSD
KuCoin CRVUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- −$106.76
- Price spread: −0.103% → −0.054%
- −$4.87
- Slippage, 4 orders
- −$105.88
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$239.51
- Costs to cover
- 1.279%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 3 min ago; KuCoin: 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, 3 min ago | 5.61 bp | 15.7 bp −$16 | 41.3 bp −$413 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 2 min ago | 2.80 bp | 67.9 bp −$68 | 203.3 bp −$2,033 | doesn't fit | doesn't fit |
CRV on 30 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| Backpack CRV_USDC_PERP | −0.0127% | 1h | 0.3565 | −0.061% | $90K | $247K | 10x | as long as short |
| Variational Omni CRV | −0.0102% | 8h | 0.3564 | −0.113% | $1.1M | $132K | — | as long as short |
| Reya CRVRUSDPERP | −0.0048% | 1h | 0.3559 | −0.239% | $15 | — | 15x | as long as short |
| Phoenix CRV | −0.0044% | 1h | 0.3572 | +0.113% | $25K | $176K | 10x | as long as short |
| Deribit CRV_USDC-PERPETUAL | −0.0031% | 1h | 0.3562 | −0.159% | $54K | $45K | 25x | as long as short |
| dYdX CRV-USD | 0.0000% | 1h | 0.3566 | −0.054% | $40K | $14K | 10x | as long as short |
| Injective CRV/USDC PERP | +0.0033% | 1h | 0.3670 | +2.868% | $79 | $384K | 12x | as long as short |
| Bybit CRVUSDT | +0.0086% | 8h | 0.3560 | −0.215% | $26.7M | $18.7M | 75x | as long as short |
| Lighter CRV | +0.0096% | 1h | 0.3562 | −0.159% | $377K | $616K | 10x | as long as short |
| Aster CRVUSDT | +0.0100% | 8h | 0.3564 | −0.097% | $139K | $194K | 10x | as long as short |
Backpack CRV_USDC_PERP
Variational Omni CRV
Reya CRVRUSDPERP
Phoenix CRV
Deribit CRV_USDC-PERPETUAL
dYdX CRV-USD
Injective CRV/USDC PERP
Bybit CRVUSDT
Lighter CRV
Aster CRVUSDTShow all 30 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica CRV | +0.0100% | 1h | 0.3563 | −0.123% | $360K | $194K | 10x | as long as short |
| Binance CRVUSDT | +0.0100% | 8h | 0.3562 | −0.159% | $24.6M | $53.8M | 75x | as long as short |
| OKX CRV-USDT-SWAP | +0.0100% | 8h | 0.3559 | −0.243% | $8.5M | $19.0M | 50x | as long as short |
| Gate CRV_USDT | +0.0100% | 8h | 0.3566 | −0.047% | $1.9M | $1.0M | 50x | as long as short |
| MEXC CRV_USDT | +0.0100% | 8h | 0.3561 | −0.187% | $12.1M | $5.4M | 125x | as long as short |
| KuCoin CRVUSDTMshort | +0.0100% | 8h | 0.3564 | −0.103% | $6.5M | $8.3M | 50x | |
| Bitget CRVUSDT | +0.0100% | 8h | 0.3564 | −0.103% | $6.7M | $4.4M | 75x | as long as short |
| BingX CRV-USDT | +0.0100% | 8h | 0.3563 | −0.131% | — | $56.3M | — | as long as short |
| edgeX CRVUSDC | +0.0100% | 4h | 0.3564 | −0.110% | $37K | $171K | 20x | as long as short |
| GRVT CRV_USDT_Perp | +0.0100% | 8h | 0.3564 | −0.093% | $506K | $390K | 10x | as long as short |
| ApeX Omni CRVUSDT | +0.0100% | 1h | 0.3564 | −0.103% | $51K | $649K | 50x | as long as short |
| Orderly PERP_CRV_USDC | +0.0100% | 8h | 0.3562 | −0.159% | $24K | $850 | 10x | as long as short |
| SunX CRV-USDT | +0.0100% | 8h | 0.3644 | +2.139% | $2K | $1.2M | 20x | as long as short |
| Extended CRV-USD | +0.0104% | 1h | 0.3559 | −0.233% | $253K | $523K | 25x | as long as short |
| Aevo CRV-PERP | +0.0104% | 1h | 0.3562 | −0.159% | $13K | $6K | 3x | as long as short |
| BloFin CRV-USDT | +0.0220% | 8h | 0.3571 | +0.093% | $1.3M | $3.6M | 75x | as long as short |
| GMX CRV/USD [ETH-USDC] | L +0.0413% / S −0.0178% | 1h | 0.3563 | −0.122% | $209K | — | 100x | as long as short |
| Coinbase International CRV-PERP-INTX | +0.0432% | 1h | 0.3569 | +0.037% | $359K | $4.0M | 50x | as long as short |
| Hyperliquid CRV | +0.0470% | 1h | 0.3567 | −0.030% | $21.1M | $16.1M | 10x | as long as short |
| Kraken Futures PF_CRVUSDlong | +0.0608% | 1h | 0.3568 | long leg | $3.0M | $2.3M | 50x |
Pacifica CRV
Binance CRVUSDT
OKX CRV-USDT-SWAP
Gate CRV_USDT
MEXC CRV_USDT
Bitget CRVUSDT
BingX CRV-USDT
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
GMX CRV/USD [ETH-USDC]
Coinbase International CRV-PERP-INTX
Hyperliquid CRV