Funding you earn now, next payment 20:00 UTC−0.0300%/8hpaid last 24h −0.043%
Price spread now: MEXC against Kraken Futures−0.033%7-day average −0.122% · you buy dearer than you sell
Net, funding: paid 7d − costs−$54as in the Funding arb table
Net, price: spread back to 7d avg − costs−$32as in the Price arb table
costs, in and out, $10k−$410.407% of the position
Funding, last 7 days−0.129%−$13 on $10k
+Price spread, last 3 days (all we have)−0.168%−$17 · spread now −0.033%, 7d avg −0.122%
=The price spread pays, funding is against you. MEXC is 0.089% dearer against Kraken Futures than usual: you sell high and buy low (spread −0.033% now, against its 7-day average of −0.122%): +$9 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 24 hours. At the pace of the last 7 days (−0.129% in total) that is about 4.8 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.129% in total (about -6.7% 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 | Kraken Futures PF_CRVUSD | 0.3565 | 0.0400 | pay 0.0050% / 1h | 22m 19s | $3.0M | $3.7M | 50x |
| Short | MEXC CRV_USDT | 0.3564 | 0.0100 | get 0.0100% / 8h | 4h 22m | $14.2M | $5.5M | 125x |
Kraken Futures PF_CRVUSD
MEXC CRV_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- −$62.92
- Price spread: −0.033% → −0.122%
- $8.86
- Slippage, 4 orders
- −$26.66
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee MEXC: 2 bp × 2 orders
- −$4
- Net
- −$94.73
- Costs to cover
- 0.407%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 1 min ago; MEXC: live order book, just now.
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, 1 min ago | 4.20 bp | 17.3 bp −$17 | 36.5 bp −$365 | doesn't fit | doesn't fit |
| Sell MEXC live order book, just now | 1.40 bp | 3.6 bp −$4 | 13.4 bp −$134 | 69.2 bp −$6,924 | 129.3 bp −$64.6K |
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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit CRV_USDC-PERPETUAL | −0.0311% | 1h | 0.3561 | −0.118% | $57K | $50K | 25x | as long as short |
| Phoenix CRV | −0.0203% | 1h | 0.3563 | −0.061% | $25K | $169K | 10x | as long as short |
| Reya CRVRUSDPERP | −0.0049% | 1h | 0.3563 | −0.059% | $15 | — | 15x | as long as short |
| Coinbase International CRV-PERP-INTX | −0.0032% | 1h | 0.3571 | +0.163% | $413K | $4.4M | 50x | as long as short |
| Injective CRV/USDC PERP | −0.0031% | 1h | 0.3530 | −0.987% | $76 | $151K | 12x | as long as short |
| dYdX CRV-USD | 0.0000% | 1h | 0.3565 | +0.009% | $37K | $3K | 10x | as long as short |
| Backpack CRV_USDC_PERP | +0.0085% | 1h | 0.3567 | +0.062% | $102K | $367K | 10x | as long as short |
| Lighter CRV | +0.0096% | 1h | 0.3566 | +0.034% | $411K | $684K | 10x | as long as short |
| Orderly PERP_CRV_USDC | +0.0097% | 8h | 0.3564 | −0.033% | $23K | $652 | 10x | as long as short |
| Aster CRVUSDT | +0.0100% | 8h | 0.3565 | +0.005% | $134K | $181K | 10x | as long as short |
Deribit CRV_USDC-PERPETUAL
Phoenix CRV
Reya CRVRUSDPERP
Coinbase International CRV-PERP-INTX
Injective CRV/USDC PERP
dYdX CRV-USD
Backpack CRV_USDC_PERP
Lighter CRV
Orderly PERP_CRV_USDC
Aster CRVUSDTShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica CRV | +0.0100% | 1h | 0.3565 | +0.004% | $362K | $141K | 10x | as long as short |
| Binance CRVUSDT | +0.0100% | 8h | 0.3562 | −0.089% | $24.7M | $55.9M | 75x | as long as short |
| Bybit CRVUSDT | +0.0100% | 8h | 0.3563 | −0.061% | $27.0M | $16.4M | 75x | as long as short |
| OKX CRV-USDT-SWAP | +0.0100% | 8h | 0.3563 | −0.061% | $8.6M | $20.8M | 50x | as long as short |
| Gate CRV_USDT | +0.0100% | 8h | 0.3567 | +0.051% | $1.9M | $1.3M | 50x | as long as short |
| MEXC CRV_USDTshort | +0.0100% | 8h | 0.3564 | −0.033% | $14.2M | $5.5M | 125x | |
| KuCoin CRVUSDTM | +0.0100% | 8h | 0.3568 | +0.079% | $6.9M | $8.7M | 50x | as long as short |
| Bitget CRVUSDT | +0.0100% | 8h | 0.3565 | −0.005% | $6.8M | $5.7M | 75x | as long as short |
| BingX CRV-USDC | +0.0100% | 8h | 0.3564 | −0.033% | — | $1.6M | — | as long as short |
| Variational Omni CRV | +0.0100% | 8h | 0.3563 | −0.048% | $1.1M | $150K | — | as long as short |
| edgeX CRVUSDC | +0.0100% | 4h | 0.3568 | +0.093% | $37K | $171K | 20x | as long as short |
| GRVT CRV_USDT_Perp | +0.0100% | 8h | 0.3570 | +0.137% | $507K | $447K | 10x | as long as short |
| ApeX Omni CRVUSDT | +0.0100% | 1h | 0.3569 | +0.107% | $47K | $687K | 50x | as long as short |
| SunX CRV-USDT | +0.0100% | 8h | 0.3640 | +2.098% | $1K | $1.3M | 20x | as long as short |
| Extended CRV-USD | +0.0104% | 1h | 0.3560 | −0.136% | $282K | $828K | 25x | as long as short |
| Aevo CRV-PERP | +0.0104% | 1h | 0.3561 | −0.110% | $18K | $9K | 3x | as long as short |
| GMX CRV/USD [ETH-USDC] | L +0.0182% / S +0.0259% | 1h | 0.3565 | −0.004% | $243K | — | 100x | as long as short |
| BloFin CRV-USDT | +0.0220% | 8h | 0.3563 | −0.061% | $1.4M | $4.2M | 75x | as long as short |
| Kraken Futures PF_CRVUSDlong | +0.0400% | 1h | 0.3565 | long leg | $3.0M | $3.7M | 50x | |
| Hyperliquid CRV | +0.0662% | 1h | 0.3572 | +0.202% | $21.0M | $15.3M | 10x | as long as short |
Pacifica CRV
Binance CRVUSDT
Bybit CRVUSDT
OKX CRV-USDT-SWAP
Gate CRV_USDT
KuCoin CRVUSDTM
Bitget CRVUSDT
BingX CRV-USDC
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]
BloFin CRV-USDT
Hyperliquid CRV