Funding you earn now, next payment 01:00 UTC−0.0012%/8h= −1.3% APRpaid last 24h +0.039%
Price spread now: Kraken Futures against Bybit+0.188%7-day average +0.149% · you sell dearer than you buy
Net, funding: paid 7d − costs−$62as in the Funding arb table
Net, price: spread back to 7d avg − costs−$76as in the Price arb table
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)+0.047%+$5 · spread now +0.188%, 7d avg +0.149%
=The price spread pays, funding is against you. Kraken Futures is 0.039% dearer against Bybit than usual: you sell high and buy low (spread +0.188% now, against its 7-day average of +0.149%): +$4 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 11 days. Mind the row above: over the last 7 days funding on this pair paid +0.174%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit CRVUSDT | 0.3645 | 0.0100 | pay 0.0100% / 8h | 7h 50m | $27.7M | $17.4M | 75x |
| Short | Kraken Futures PF_CRVUSD | 0.3652 | 0.0088 | get 0.0011% / 1h | 50m 39s | $3.1M | $2.9M | 50x |
Bybit CRVUSDT
Kraken Futures PF_CRVUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Bybit. 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
- −$2.44
- Price spread: +0.188% → +0.149%
- $3.89
- Slippage, 4 orders
- −$58.47
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$78.02
- Costs to cover
- 0.795%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 3 min ago; Kraken Futures: live order book, 3 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 Bybit live order book, 3 min ago | 1.37 bp | 11.9 bp −$12 | 30.4 bp −$304 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 3 min ago | 4.09 bp | 26.0 bp −$26 | 44.6 bp −$446 | 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 | |
|---|---|---|---|---|---|---|---|---|
| ApeX Omni CRVUSDT | −0.0403% | 1h | 0.3659 | +0.384% | $60K | $695K | 50x | as long as short |
| Deribit CRV_USDC-PERPETUAL | −0.0298% | 1h | 0.3647 | +0.055% | $56K | $50K | 25x | as long as short |
| Phoenix CRV | −0.0087% | 1h | 0.3676 | +0.842% | $26K | $168K | 10x | as long as short |
| Reya CRVRUSDPERP | −0.0048% | 1h | 0.3647 | +0.067% | $16 | — | 15x | as long as short |
| dYdX CRV-USD | 0.0000% | 1h | 0.3651 | +0.157% | $38K | $5K | 10x | as long as short |
| Injective CRV/USDC PERP | +0.0033% | 1h | 0.3670 | +0.686% | $79 | $384K | 12x | as long as short |
| Kraken Futures PF_CRVUSDshort | +0.0088% | 1h | 0.3652 | +0.188% | $3.1M | $2.9M | 50x | |
| Lighter CRV | +0.0096% | 1h | 0.3646 | +0.036% | $408K | $725K | 10x | as long as short |
| Orderly PERP_CRV_USDC | +0.0096% | 8h | 0.3648 | +0.082% | $24K | $929 | 10x | as long as short |
| Aster CRVUSDT | +0.0100% | 8h | 0.3648 | +0.080% | $130K | $182K | 10x | as long as short |
ApeX Omni CRVUSDT
Deribit CRV_USDC-PERPETUAL
Phoenix CRV
Reya CRVRUSDPERP
dYdX CRV-USD
Injective 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 | 0.3646 | +0.024% | $368K | $208K | 10x | as long as short |
| Binance CRVUSDT | +0.0100% | 8h | 0.3643 | −0.050% | $25.5M | $56.3M | 75x | as long as short |
| Bybit CRVUSDTlong | +0.0100% | 8h | 0.3645 | long leg | $27.7M | $17.4M | 75x | |
| OKX CRV-USDT-SWAP | +0.0100% | 8h | 0.3643 | −0.055% | $8.7M | $21.4M | 50x | as long as short |
| Gate CRV_USDT | +0.0100% | 8h | 0.3647 | +0.055% | $1.9M | $1.3M | 50x | as long as short |
| MEXC CRV_USDT | +0.0100% | 8h | 0.3643 | −0.055% | $15.0M | $5.2M | 125x | as long as short |
| KuCoin CRVUSDTM | +0.0100% | 8h | 0.3648 | +0.082% | $6.9M | $9.2M | 50x | as long as short |
| Bitget CRVUSDT | +0.0100% | 8h | 0.3647 | +0.055% | $6.9M | $5.6M | 75x | as long as short |
| BingX CRV-USDC | +0.0100% | 8h | 0.3645 | 0.000% | — | $1.7M | — | as long as short |
| Variational Omni CRV | +0.0100% | 8h | 0.3647 | +0.053% | $1.1M | $111K | — | as long as short |
| edgeX CRVUSDC | +0.0100% | 4h | 0.3661 | +0.436% | $38K | $173K | 20x | as long as short |
| GRVT CRV_USDT_Perp | +0.0100% | 8h | 0.3662 | +0.458% | $512K | $405K | 10x | as long as short |
| SunX CRV-USDT | +0.0100% | 8h | 0.3674 | +0.796% | $1K | $1.3M | 20x | as long as short |
| Extended CRV-USD | +0.0104% | 1h | 0.3644 | −0.035% | $243K | $892K | 25x | as long as short |
| Aevo CRV-PERP | +0.0104% | 1h | 0.3650 | +0.125% | $13K | $6K | 3x | as long as short |
| BloFin CRV-USDT | +0.0220% | 8h | 0.3646 | +0.027% | $1.4M | $4.4M | 75x | as long as short |
| Hyperliquid CRV | +0.0253% | 1h | 0.3650 | +0.140% | $22.6M | $16.4M | 10x | as long as short |
| Coinbase International CRV-PERP-INTX | +0.0384% | 1h | 0.3654 | +0.247% | $383K | $4.6M | 50x | as long as short |
| GMX CRV/USD [ETH-USDC] | L +0.0445% / S −0.0193% | 1h | 0.3649 | +0.118% | $231K | — | 100x | as long as short |
| Backpack CRV_USDC_PERP | +0.0630% | 1h | 0.3649 | +0.104% | $104K | $280K | 10x | as long as short |
Pacifica CRV
Binance CRVUSDT
OKX CRV-USDT-SWAP
Gate CRV_USDT
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