Funding you earn now, next payment 07:00 UTC+0.0461%/8h= +50.5% APRpaid last 24h +0.058%
Price spread now: Kraken Futures against BingX+0.081%7-day average +0.119% · you sell dearer than you buy
Net, funding: paid 7d − costs−$83as in the Funding arb table
Net, price: spread back to 7d avg − costs−$101as in the Price arb table
costs, in and out, $10k−$980.977% of the position
Funding, last 7 days+0.152%+$15 on $10k
+Price spread, last 4 days (all we have)+0.085%+$9 · spread now +0.081%, 7d avg +0.119%
=Funding pays, the price is against you. Kraken Futures is 0.038% cheaper against BingX than usual: you would sell low and buy high (spread +0.081% now, against its 7-day average of +0.119%). If the spread goes back, that is −$4 on $10k: about 7 hours of funding at the current rate (+$14 a day). At the pace of the last 7 days (+0.152% in total) that is about 42 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.152% in total (about 7.9% 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 | BingX CRV-USDC | 0.3565 | 0.0100 | pay 0.0100% / 8h | 1h 29m | — | $1.7M | — |
| Short | Kraken Futures PF_CRVUSD | 0.3568 | 0.0561 | get 0.0070% / 1h | 29m 54s | $3.0M | $2.8M | 50x |
BingX CRV-USDC
Kraken Futures PF_CRVUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against BingX. 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
- $96.85
- Price spread: +0.081% → +0.119%
- −$3.76
- Slippage, 4 orders
- −$77.68
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$4.59
- Costs to cover
- 0.977%
- Break-even
- 7.3 days
Slippage from BingX: live order book, 7 min ago; Kraken Futures: live order book, 4 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 BingX live order book, 7 min ago | 14.02 bp | 33.8 bp −$34 | 73.8 bp −$738 | 395.9 bp −$39.6K | 936.9 bp −$468.4K |
| Sell Kraken Futures live order book, 4 min ago | 5.60 bp | 13.3 bp −$13 | 39.1 bp −$391 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Reya CRVRUSDPERP | −0.0048% | 1h | 0.3563 | −0.065% | $15 | — | 15x | as long as short |
| Phoenix CRV | −0.0045% | 1h | 0.3568 | +0.070% | $25K | $187K | 10x | as long as short |
| Backpack CRV_USDC_PERP | −0.0031% | 1h | 0.3566 | +0.028% | $97K | $216K | 10x | as long as short |
| dYdX CRV-USD | 0.0000% | 1h | 0.3564 | −0.023% | $37K | $8K | 10x | as long as short |
| Deribit CRV_USDC-PERPETUAL | 0.0000% | 1h | 0.3563 | −0.056% | $54K | $45K | 25x | as long as short |
| Injective CRV/USDC PERP | +0.0033% | 1h | 0.3670 | +2.945% | $79 | $384K | 12x | as long as short |
| Variational Omni CRV | +0.0053% | 8h | 0.3565 | −0.003% | $1.1M | $94K | — | as long as short |
| Lighter CRV | +0.0096% | 1h | 0.3562 | −0.084% | $376K | $714K | 10x | as long as short |
| Hyperliquid CRV | +0.0100% | 1h | 0.3567 | +0.053% | $20.8M | $16.6M | 10x | as long as short |
| Aster CRVUSDT | +0.0100% | 8h | 0.3566 | +0.030% | $114K | $195K | 10x | as long as short |
Reya CRVRUSDPERP
Phoenix CRV
Backpack CRV_USDC_PERP
dYdX CRV-USD
Deribit CRV_USDC-PERPETUAL
Injective CRV/USDC PERP
Variational Omni CRV
Lighter CRV
Hyperliquid CRV
Aster CRVUSDTShow all 30 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica CRV | +0.0100% | 1h | 0.3563 | −0.068% | $361K | $198K | 10x | as long as short |
| Binance CRVUSDT | +0.0100% | 8h | 0.3565 | +0.004% | $24.7M | $57.5M | 75x | as long as short |
| Bybit CRVUSDT | +0.0100% | 8h | 0.3562 | −0.084% | $26.9M | $19.7M | 75x | as long as short |
| OKX CRV-USDT-SWAP | +0.0100% | 8h | 0.3568 | +0.084% | $8.7M | $20.4M | 50x | as long as short |
| Gate CRV_USDT | +0.0100% | 8h | 0.3564 | −0.028% | $1.8M | $1.3M | 50x | as long as short |
| MEXC CRV_USDT | +0.0100% | 8h | 0.3564 | −0.028% | $12.5M | $5.7M | 125x | as long as short |
| KuCoin CRVUSDTM | +0.0100% | 8h | 0.3565 | 0.000% | $5.9M | $8.2M | 50x | as long as short |
| Bitget CRVUSDT | +0.0100% | 8h | 0.3565 | 0.000% | $6.7M | $5.4M | 75x | as long as short |
| BingX CRV-USDClong | +0.0100% | 8h | 0.3565 | long leg | — | $1.7M | — | |
| edgeX CRVUSDC | +0.0100% | 4h | 0.3565 | +0.010% | $37K | $174K | 20x | as long as short |
| GRVT CRV_USDT_Perp | +0.0100% | 8h | 0.3570 | +0.140% | $505K | $435K | 10x | as long as short |
| ApeX Omni CRVUSDT | +0.0100% | 1h | 0.3568 | +0.084% | $53K | $682K | 50x | as long as short |
| Orderly PERP_CRV_USDC | +0.0100% | 8h | 0.3563 | −0.056% | $24K | $928 | 10x | as long as short |
| SunX CRV-USDT | +0.0100% | 8h | 0.3636 | +1.992% | $1K | $1.3M | 20x | as long as short |
| Extended CRV-USD | +0.0104% | 1h | 0.3564 | −0.024% | $253K | $510K | 25x | as long as short |
| Aevo CRV-PERP | +0.0104% | 1h | 0.3563 | −0.056% | $13K | $6K | 3x | as long as short |
| BloFin CRV-USDT | +0.0220% | 8h | 0.3568 | +0.084% | $1.3M | $3.9M | 75x | as long as short |
| Coinbase International CRV-PERP-INTX | +0.0384% | 1h | 0.3568 | +0.084% | $349K | $4.4M | 50x | as long as short |
| GMX CRV/USD [ETH-USDC] | L +0.0414% / S −0.0177% | 1h | 0.3568 | +0.081% | $209K | — | 100x | as long as short |
| Kraken Futures PF_CRVUSDshort | +0.0561% | 1h | 0.3568 | +0.081% | $3.0M | $2.8M | 50x |
Pacifica CRV
Binance CRVUSDT
Bybit CRVUSDT
OKX CRV-USDT-SWAP
Gate CRV_USDT
MEXC CRV_USDT
KuCoin CRVUSDTM
Bitget CRVUSDT
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
Coinbase International CRV-PERP-INTX
GMX CRV/USD [ETH-USDC]